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
Rio Tinto CEO calls for United Nations of the mining world
08 june 2018
(steelguru.com) - Reuters reported that Rio Tinto CEO Jean-Sebastien Jacques said resource companies needed to build “the United Nations of the mining industry” to tackle rising resource nationalism and cost inflation. Rising commodity prices typically lead to resource nationalism as they inspire resource-holding nations to demand higher shares of international mining companies’ profits.
“I want to be a producer.” Interview with John Teeling, Chairman of Botswana Diamonds
07 june 2018
(thediamondloupe.com) - John Teeling is the executive chairman of Botswana Diamonds PLC, one of the most prolific diamond exploration and project development companies that holds exploration licences in Botswana and South Africa. With 40 years worth of resources experience, he is often called a ‘serial entrepreneur’, and is involved in a number of other AIM exploration companies. Notably, he was the founder of African Diamonds, which discovered the AK6 mine in Botswana, a venture that eventually became Lucara's famous Karowe Mine. The Lucara Diamond Corp. takeover of African Diamonds in 2010 was worth approximately $90 million. He recently paid The Diamond Loupe a visit in Antwerp, together with Commercial Director of Botswana Diamonds, Robert Bouquet. What follows is a summary of our engaging conversation.
Why Rough Diamond Prices are at a 52-week High
06 june 2018
(paulzimnisky.com) - Today, while the industry still deals with challenges ranging from shorter-term lender confidence in the Indian manufacturing segment to longer-term fundamental shifts in consumer preferences for material luxury goods, forecasted industry fundamentals point to an environment favoring higher diamond prices over a period of at least the next four years.
Farnese Blue Diamond Fetches $6.7 Million But Two White Diamonds Top All Sales
05 june 2018
(forbes.com) - The Farnese Blue Diamond had by far the best story of Sotheby’s Geneva Magnificent Jewels and Noble Jewels sale. The 6.16-carat pear-shaped blue diamond was given to Elisabeth Farnese, Queen of Spain, as a wedding present in 1715 and was passed down through four royal families in Europe before appearing on the market for the first time Tuesday. The 300-year-old stone sold accordingly, fetching $6.7 million, easily surpassing its $5.2 million estimate.
Diamond Industry & Analysts React to De Beers Synthetic Diamond Adventure
04 june 2018
(thediamondloupe.com) - “We are not planning to change our strategy, integrate in the new market (synthetic product market) and launch our own synthetic production, or sell lab-grown diamonds. It is obvious that ALROSA as a diamond producer and one of the founders of Diamond Producers Association (DPA) hopes that this initiative will lead to differentiation of diamonds and synthetic stones, underlining the status of synthetics as a distinct low-price product. However, we can’t deny that there is a chance that it will increase the demand for synthetic stones and cause the devaluation of a diamond as a notion.” Sergey Ivanov, CEO - ALROSA, quoted by Interfax news agency.
