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
Interview with the New State Dept. Advisor of Conflict Minerals
11 april 2018
(jckonline.com) - (jckonline.com) - Pamela Fierst-Walsh, senior advisor on conflict minerals and U.S. representative to the Kimberley Process, took some time to speak with JCK yesterday. Here, she speaks about why the Kimberley Process continues to be insufficient, the potential of blockchain, and the sanctions against Russia and Dan Gertler.
Diamond firms on constant watch now
10 april 2018
(timesofindia.indiatimes.com) - Owners of big diamond companies in the world’s biggest diamond cutting and polishing centre in Surat are on tenterhooks due to frequent visits by bank officials for audit and stock evaluation post the biggest-ever banking scam in the Punjab National Bank (PNB) involving billionaires Nirav Modi and Mehul Choksi. Company owners said bank officials change at every visit. At most of the diamond companies in the city, bank officials have paid more than five visits after the PNB scam. They check everything, right from account books to diamond stocks and also enquire about order books and details of overseas and domestic clients. Gitanjali Gems, owned by Mehul Choksi, was the diamond trading company (DTC) sightholder of world’s largest diamond mining company De Beers. At De Beers, the compliance is strict when it comes to financial propriety and industry reputation issues. However, the multi-crore bank scam involving Choksi has destabilized the Indian banks and financial institutions.
March 2018 Market Report
09 april 2018
(ehudlaniado.com) - The limited success of the trade show in Hong Kong brought price increases to a halt yet did not harm demand. The global polished diamond market saw steadily growing demand, expanding into additional diamond color and clarity ranges. A few issues that the market is currently facing are set to loom over the global diamond industry. They include the possible impact of a trade war between the US and China on American consumer behavior, the investigations into the alleged fraud case in India, and the decision by Signet to revise its strategy – including its relations with its vendors, on the back of their poor results in the past year.
The 5 Diverging Ways Luxury Brands Approach E-Commerce in China
06 april 2018
(jingdaily.com) - Thirty-five percent of Chinese customers are already accustomed to purchasing luxury goods online, according to a white paper published by Tencent, Secoo, and Deloitte. Even when purchasing at traditional brick-and-mortar retail stories, Chinese shoppers will typically have explored their purchasing options online. E-commerce seems is shaping up to be a defining facet of luxury brands’ strategies in China in 2018, but each is handling the task very differently.
New Lucara management to focus on Karowe, digital sales platform
05 april 2018
(miningweekly.com) - TSX-listed diamond miner Lucara has announced that incoming Lucara CFO and corporate secretary Zara Boldt will join the management team as the company focuses on increasing the value of its core diamond mining business at Karowe, Botswana, and on supporting the development of Clara, the company’s new secure, digital diamond sales platform, said Lucara CEO Eira Thomas. These moves are being taken to consolidate all of Lucara’s management team in a common Vancouver office.
