News
Richemont, Signet in talks to join De Beers consortium – report
Luxury group Richemont and US retailer Signet Jewelers are in advanced talks to join the Global Diamond Consortium (GDC) bidding for De Beers, according to five people familiar with the matter, Bloomberg reports.
Yesterday
Rio Tinto begins Q4 of 2026 with strong operational performance
The Anglo-Australian mining group Rio Tinto has reported its third-quarter 2026 results, highlighting strong operational performance.
Yesterday
Silver market deficit to widen in 2026 - report
In the latest World Silver Survey prepared by the Silver Institute and Metals Focus, the global silver market deficit is forecast to widen for the sixth consecutive year to 46.3 million ounces.
Yesterday
Tharisa signs PGM offtake deal with Valterra Platinum, expands chrome collaboration
South Africa’s Tharisa has entered a binding arrangement for the sale of PGM concentrate to Rustenburg Platinum Mines, a subsidiary of Valterra Platinum, effective 1 January 2027.
Yesterday
Norilsk hosts Nornickel’s 3rd Geology and Mine Surveying Forum
The 3rd Geology and Mine Surveying Forum, organized by Nornickel, has kicked off in Norilsk. The event continues to grow in scope, this year bringing together representatives from universities, equipment suppliers, design teams, mining companies, and...
Yesterday
Who Are the Top Rough-Diamond Buyers?
03 august 2018
(diamonds.net) - Much has been said about the journey a diamond takes from mine to market, particularly as the industry is increasing its provenance claims and tracking goods along the pipeline. While an estimated 80% to 90% of diamonds are cut and polished in India, they’re typically not sent directly from the mining centers to the factories. Rather, they stop in the trading centers along the way, with a large proportion of goods being sent to both Antwerp and Dubai before reaching Surat for manufacturing. That marks a notable change in the diamond journey from less than 10 years ago.
De Beers to run 30-day search in last gasp effort to save Voorspoed
02 august 2018
(miningmx.com) - De Beers has abandoned its formal process of finding a buyer for Voorspoed, the Free State province mine the diamond group said in November it viewed as non-core. However, South Africa’s Department of Mineral Resources (DMR) wants DBCM to throw a lifeline to Voorspoed by running a process parallel with retrenchments in which it seeks to find an “… operator capable of purchasing Voorspoed mine”. This followed a meeting on July 30 in which the DMR expressed its concerns regarding job losses in the mining sector.
Time to start listening – to the retailers
01 august 2018
(yams.news) - Let’s just face it, and also admit it: the reputational damage to the lower end of the diamond supply pipeline has long been done. De Beers knows that and if we’re honest, we know it, too. We also know that the price difference between undocumented natural and synthetic smalls and melee will never be significant enough for anyone to really bother. What does this mean to the retail business? And what do retailers think about this?
Upbeat Figures Across The Diamond Pipeline Give Mid-Year Cheer
31 july 2018
(idexonline.com) - Looking at news reports this week, one standout trend appears to be the strength of the diamond market currently. There is also the optimism shown by the De Beers announcement that it will be acquiring the exploration company Peregrine Diamonds, the owner of the Chidliak resource.
FTC Issues New Guides for Jewelry Industry
30 july 2018
(jckonline.com) - The Federal Trade Commission (FTC) has released the final revision to its widely watched Jewelry Guides, with a bevy of changes that impose new rules on how the trade can describe flux-grown colored stones, pearl treatments, and gem varietals. It also loosens existing standards on lab-grown diamonds and metal alloys. The changes, approved unanimously by the five-member commission, cap a six-year process of revamping the much-talked-about standards for marketing jewelry and gems. This revision marks the Guides’ first major overhaul in 22 years.
