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
De Beers shakes up the synthetic diamond market
06 july 2018
(fin24.com) - Anglo American’s 85%-owned De Beers may have pulled off a strategic coup by unveiling plans to launch a new brand of synthetic diamonds. What could it portend? According to analysts, this is not really the acknowledgement of diamond synthetics that it appears (although De Beers has a line of synthetic diamonds that is used primarily for industrial purposes). Instead, it’s a clever commercial ploy aimed at better controlling the proliferation of lab-grown diamonds by other producers.
JCK Las Vegas 2018: Demand Improves, But Attendance Declines
05 july 2018
(gia.edu) - Demand at the June 1-4 JCK Las Vegas show met the expectations of the trade, despite declining attendance. Jewelry designers, manufacturers and diamond dealers, who comprise the majority of exhibitors at the show, generally saw steady, if still somewhat cautious, business. But most of the show talk concerned De Beers’ newly announced synthetic diamond jewelry collection, Lightbox. Finished jewelry exhibitors at the Mandalay Bay venue reported good orders – slightly better than last year for a number of them – but added that the show is always more about meeting, greeting and making new contacts than it is about writing business.
Not for the faint-hearted: Ira Savoie loves the lively challenge of jewelry appraising
04 july 2018
(southernjewelrynews.com) - For the past 17 years, Ira Savoie has been appraising jewelry of all sorts for the people of New Orleans and beyond. Sometimes, it’s business as usual at his appraisals-while-you-wait studio; other times things get animated as he delivers an unwelcome truth. With over 40 years of experience in jewelry, including an impressive retail career, Ira stays busy seven days a week at Savoie Fine Jewelry Appraisers. He is one of only 20 independent certified gemologist appraisers with the American Gem Society and the only AGS independent certified gemologist appraiser in Louisiana. He is a graduate gemologist with the Gemological Institute of America, a senior member of the National Association of Jewelry Appraisers, and past president of Jewelers of Louisiana.
Boom after gloom: GST helps organise diamond industry
03 july 2018
(thehindubusinessline.com) - For 40-year-old Paresh Kanani in Surat, life has changed dramatically over the past one year. A small-time diamond trader, who used third-party channel to export small quantities of diamond and jewellery to his clients abroad, now proudly harbours an ambition of becoming ₹100 crore company from ₹8 crore currently. Kanani and many like him in the diamond hub of Surat attribute their happiness to the new tax regime, Goods and Services Tax (GST), which, they say, has given wings to their dreams. Sharing about his journey from an unorganised player in the ₹1 lakh-crore diamond industry, to a registered exporter with a GST number, the SSC-pass Kanani expressed joy and satisfaction for being able to do business with self-respect without being relied upon any third party.
De Beers bullish about synthetic diamonds
02 july 2018
(thepatriot.co.bw) - Months before the first batch of their synthetic diamonds jewellery hits the US markets in September 2018, De Beers has launched a massive public relations campaign to dispel misconceptions and fears about the decision, which caught many by surprise. The historic launch will happen in exactly three months, breaking the 130-year mining tradition at De Beers. "We have the technology and the skills. If we can produce critical medical equipment used for conducting surgical operations on patients' eyes what more with jewellery?" the bold assertion flows effortlessly from David Prager, De Beers Executive vice president, on Tuesday at the high security state-of-the-art headquarters in Gaborone, Block 8 Industrial. Across the glass-topped oval table in the middle of the room sits De Beers Executive Vice President, Commercial and Partnerships, Alessandra Berridge. Samples of glittering Lightbox jewellery are on display as the duo wax lyrical about how De Beers is bullish about the synthetics market and is confident that they have made the right decision to deliver value for shareholders.
