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
Will Foreign Investors Help Zimbabwe To Transform Itself?
16 may 2018
(idexonline.com) - Six months after Robert Mugabe was ousted from office, there appears to be a new-found confidence among investors that Zimbabwe has, at last, become a place where they can safely do business. Recently, Botswana Diamonds signed a Memorandum of Understanding with gold miner, Vast Resources, which will see the firms exchange information derived from past exploration on areas prospective for diamonds in Zimbabwe. In addition, they will create a jointly owned body which will develop diamond resources in the southern African country in line with Zimbabwe's joint ownership laws as they relate to diamonds. "Zimbabwe is a country with excellent diamond potential,” said John Teeling, Chairman of Botswana Diamonds. “Both Botswana Diamonds and Vast Resources have extensive experience in and knowledge of the country. It is opening for business and both companies are keen to make the most of this opportunity.”
Alrosa to acquire one of the world’s largest diamond polishing firms
15 may 2018
(mining.com) - (mining.com) - World’s top diamond producer by output, Alrosa (MCX:ALRS), has got approval from its board to acquire Russian polisher Kristall, the country’s largest and one of the world’s biggest diamond cutting firms. Alrosa’s chief executive Sergei Ivanov has been asked to submit technical specifications for estimating the target’s price and so make an offer, Prime Business News Agency reported. It the deal goes through, the Russian diamond giant would become a stronger competitor to Anglo American’s De Beers, the world’s largest producer by value.
‘Ethical diamond businesses still able to access funding’: De Beers CEO
14 may 2018
(timesofindia.indiatimes.com) - Despite diamantaires in the world’s largest diamond cutting and polishing centre facing severe cash crunch following the banks squeezing credits to the small, medium and big diamond companies in the wake of the Punjab National Bank (PNB) bank fraud by Nirav Modi and Mehul Choksi, CEO of De Beers Group Bruce Cleaver believes that there is a good demand for rough diamonds and that the good businesses are still able to access the funding they require.
Diamond market softens after robust first quarter sales
11 may 2018
(miningmx.com) - Sentiment in the diamond market is “softening as trading has started to slow ahead of summer” after restocking during March resulted in healthy diamond demand which underpinned robust first quarter sales from both De Beers and Russian diamond group Alrosa. That’s the assessment of JP Morgan Cazenove which, in its latest “Diamond Market Pulse”, said the JCK Las Vegas trade show from June 1 to June 4 which historically serves as a mid-year barometer for the industry sentiment “ could be an important event to watch.”
Illegal miners hit diamond output from Petra’s Kimberley operations
10 may 2018
(miningmx.com) - Illegal mining at Petra Diamonds’ Kimberley Ekapa Mining JV (KEM) near Kimberley affected production during the March quarter by restricting access to high grade dumps at the surface retreatment operation. Petra CEO Johan Dippenaar said the restriction was caused by a combination of “physical blocking” of access to the high-grade dumps as well as impacts on haulage routes used to bring dump material to the treatment plant. The KEM operations have been plagued by the activities of illegal miners for nearly two years despite repeated attempts by Petra – and also by previous owners De Beers – to get the South African Police Services (SAPS) and the Department of Mineral Resources (DMR) to take action against the illegals.
