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
Inside Tracr, the De Beers–Developed Blockchain Platform
20 july 2018
(jckonline.com) - Like any good piece of technology, Tracr, the blockchain platform currently being developed by De Beers, aims to solve problems. What’s notable about this technology is that it aims to relieve no less than five of the industry’s enduring headaches, from synthetic detection to “know your customer” compliance. Following a panel presentation at this year’s JCK Las Vegas, two of the people behind this new platform gave JCK a sneak preview on the aims and goals of this much-talked-about industry initiative.
De Beers Starts Work on Lab-Grown Diamond Factory
19 july 2018
(jckonline.com) - So, it seems this is really going to happen. De Beers, which sent shockwaves through the trade before JCK Las Vegas when it announced that it would sell lab-grown diamonds, held a ceremony this week in Gresham, Ore., to kick off construction of its first synthetic diamond gem factory. “It makes the whole project very real,” Lightbox general manager Steve Coe tells JCK. The groundbreaking for the $94 million factory was attended by Gresham mayor Shane Bemis, Gresham’s entire city council, as well as executives from De Beers-owned synthetic producer Element Six. The 60,000-square-foot building is set to be finished by the middle of next year. It will start producing diamonds in January 2020. It wants to be at a full capacity—500,000 rough cts. a year—by the end of 2020. It will employ about 60 people.
50% jump in Swiss Bank deposits by Indians: Rahul targets Modi on black money
18 july 2018
(nationalheraldindia.com) - Congress President Rahul Gandhi said that the Modi government had carried out demonetisation to supposedly curb black money but its stance now was totally different. Congress President Rahul Gandhi on Friday targeted Prime Minister Narendra Modi on the issue of black money and said he had promised to bring back all illegal money stashed abroad but his government was now virtually saying that there was no illegal money in Swiss banks.
Alrosa’s Russian Brand: Right Idea, Wrong Time?
17 july 2018
(jckonline.com) - The New York Times reported that Russian diamond miner Alrosa is hoping to brand its stones as being of Russian origin. Getting into origin branding would ordinarily seem a smart move. Canada has been doing it for nearly 20 years. Alrosa has even considered it before. But the problem is, as with so much in this era, politics.
Mumbai: Rs 3,000 crore diamond import scam busted
16 july 2018
(timesofindia.indiatimes.com) - The directorate of revenue intelligence (DRI) has busted a multi-crore import scam where it said diamond merchants with the connivance of valuers inflated the value of the precious stones brought into the country and used this route to transfer black money out of the country. The fraudsters are believed to have taken out over Rs 3,000 crore in the past year-and-half, said DRI officials.
