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
Dominion Holds Off on Ekati Expansion
22 may 2018
(diamonds.net) - (Rapaport News) - Dominion Diamond Mines has delayed a key extension to its Ekati mine for a second time as it assesses the project’s profitability, according to reports. The miner originally postponed the Jay expansion in June 2016 because it determined that the main Ekati deposit could yield more ore than it had expected. Following that decision, Dominion said it would begin work on Jay in 2018, rather than its original target of 2017. However, the miner has pushed back the project again to study how it can increase Jay’s profitability, CBC News reported, citing a company official.
De Beers Successfully Tracks Diamonds From Mine To Retail On Industry Blockchain
21 may 2018
(idexonline.com) - De Beers said that it has successfully tracked 100 high-value diamonds along the value chain during the pilot of its industry blockchain platform, marking the first time a diamond’s journey has been digitally tracked from mine to retail. An immutable and secure digital trail was created for a selection of rough diamonds mined by De Beers as they moved from the mine to cutter and polisher, then through to a jeweler.
British bank StanChart is 'making progress' with US regulators following Iran scandal, finance chief says
18 may 2018
(cnbc.com) - In 2016, Standard Chartered said it will stop providing finance to parts of the jewelry industry as part of a broader review on exposure to riskier sectors of the market. Loans on diamonds only accounted for small percentage of the bank's assets, but $400 million was reportedly lost on the sector with consumer demand falling and the price of diamonds dropping. Speaking specifically about safeguards on the commodity markets, Chief Financial Officer Halford said that the bank had "done a lot of work" having learned the lessons of what happened a couple of years ago. "So the visibility across the business now of the level of exposure we are prepared to take to each individual sector is much, much heightened, the standards there are very, very closely scrutinized," Halford said.
Mining companies come to China after diamond prices stabilize
17 may 2018
(paper.hket.com) - In an exclusive interview with the Hong Kong Economic Times, Sergey Ivanov, CEO of ALROSA said that diamonds of all categories are now in stable demand and that retailers demonstrated good results during the last winter trading session and are now replenishing their inventories. Right now, the company delivers 70% of its production under long-term contracts to 55 companies from all over the world. ALROSA’s customer list includes six jewelry companies from China and Hong Kong, including Chow Tai Fook. The remaining 30% of diamonds are sold through auctions and under one-time contracts.
Alrosa steps up diamond marketing as miner eyes more cutting
16 may 2018
(miningweekly.com) - Alrosa, the world’s largest diamond miner by output, is increasing its marketing efforts and targeting new opportunities in gem cutting at a time when the market is showing signs of starting to stabilize. The Russian firm, which typically hasn’t promoted stones outside Russia, last year contributed $25-million to the Diamond Producers Association for marketing and may increase sponsorship this year, CEO Sergey Ivanov said. Alrosa also plans to focus more on cutting premium stones and may consider buying Russia’s top polisher if it gets privatised.
