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
Tiffany’s Element of Surprise
22 june 2018
(diamonds.net) - There is some anticipation for the coming months at Tiffany & Co. A year after joining the company, its celebrated chief artistic officer Reed Krakoff is readying to launch his first new jewelry collection on the job. CEO Alessandro Bogliolo (pictured), who took his position in October, promised the line would “be a very nice surprise for the market, with an addictive kind of product,” he told analysts in the company’s fourth-quarter earnings call. The word “surprise” came up a number of times in Bogliolo’s remarks on the call, as transcribed by Seeking Alpha, whether referring to Tiffany’s product offering, store presentation or customer relations. “We’re in the business of surprise,” Bogliolo said. “So we won’t repeat anything that we did last year. We have a long list of projects for 2018 and we want to surprise our customers in a different way.”
Anglo American’s new sustainability strategy: does it hold up?
21 june 2018
(mining-technology.com) - Anglo American’s recently launched sustainability strategy includes commitments to reduce greenhouse gas emissions by 30%, improve energy efficiency by 30%, reduce freshwater abstraction by 50% in water-scarce regions and create five jobs off-site for every job on-site in host communities. The goals are admirable, but, Patrick Kingsland asks, how will they be achieved?
Martin Rapaport Slaps De Beers—And De Beers Slaps Back
20 june 2018
(jckonline.com) - Martin Rapaport has made a number of fiery denunciations about lab-grown diamonds, so when I heard that he spent his annual JCK Las Vegas breakfast speech lambasting De Beers, I thought he had taken the company to task for Lightbox. But no, he only touched on that topic—and hailed De Beers’ approach as “brilliant”—and was angry about a different, if still important, issue: De Beers’ reluctance to let retailers and manufacturers identify the source of De Beers–mined goods as from the company. (The speech can be watched here and is also embedded at the end of the post.)
Putting a value on a girl's best friend
19 june 2018
(iol.co.za) - If you received something sparkly under the Christmas tree last year, how do you best care for it? And what’s it really worth anyway? Shital Naik, a professional diamond grader qualified by the Gemmological Institute of America working for professional jewellery valuations company Central Diamond Administration, answered the questions from Personal Finance.
Angola wants to open its doors to more Aussie diamond miners
18 june 2018
(stockhead.com.au) - Angola is working to make its diamond sector more appealing to Australian miners. While there is a large number of Australian miners active on the broader African continent, there are just three that have projects in Angola, and only one of those companies – Lucapa (ASX:LOM) – is in diamonds. Up until now Angola has had in place restrictive legislation over diamond operations including not allowing foreign investors to hold a majority stake and a requirement that all diamonds must be sold through a central state-owned government agency. On top of that, the process for repatriating revenues earned in Angola back to Australia has been somewhat long and arduous. However, following the election of a new government in August last year, the country is now seeking more foreign investment in its natural resources, including diamonds.
