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
Mercury Polished Diamond Prices: Prices Rebound in January
16 february 2018
(ehudlaniado.com) - Polished diamond prices have finally turned upwards, after an extended period of declining prices. In January, prices rose across the board with few exceptions, according to the Mercury Diamond Global Tracker™ (MDGT™), an index of polished diamond transaction prices. The steady prices, following an extended period of price declines, are a welcome sign of stability for the global diamond industry.
How to put the bad guys out of business with blockchain
16 february 2018
(business.financialpost.com) - You’d be forgiven if, when you hear the term “blockchain,” you immediately think of Bitcoin. Cryptocurrencies are taking the markets by storm, masking other use cases for the technology. Don’t be fooled, though – Bitcoin and its ilk are just one small example of the ways hyperledgers can be used. Blockchain will generate more than US$176 billion in business value worldwide by 2025, according to analysts Gartner, and exceed US$3.1 trillion by 2030. Startup Everledger, for example, is using blockchain to track the provenance of diamonds. Why? In 2000, the United Nations adopted a diamond certification program known as the Kimberley Process, the goal of which was to keep blood diamonds – those mined in war zones and used to finance conflict – off the world market by certifying and tracking the provenance of every gem. But that tracking has been on paper, subject to fraud and alteration. Everledger records 40 points of metadata for each gem to create a unique digital thumbprint, and stores it in the IBM blockchain high security network service, which is by definition readable by many, but unchangeable. As the diamond changes hands, details are appended to the chain, rather like the chain-of-custody protocol used in law enforcement for evidence in court cases – you know where it’s been, who’s touched it and where it is at all times. You know its provenance.
Gahcho Kué adds vim to Anglo 2017 output numbers despite cuts
15 february 2018
(miningmx.com) - Anglo American turned in a robust fourth quarter production performance which took full year production on a copper equivalent basis some 5% higher compared to 2016, largely owing to good numbers at Kumba Iron Ore and De Beers, its 85% subsidiary. Mark Cutifani, CEO of Anglo American, said the year-on-year improvement was despite cutting platinum and metallurgical coal output. “The ramp up of Gahcho Kué and Grosvenor mines made positive contributions to our production profile in 2017, and a strong performance from Sishen resulted in an 8% increase in production from Kumba Iron Ore,” he said in a statement. Gahcho Kué is the De Beers’ newly commissioned diamond mine in Canada’s Northwest Territories. It reached nameplate production in the second quarter of the financial year. All in all, Canada production doubled to one million carats in the fourth quarter (versus the fourth quarter of Anglo’s 2016 financial year) as a result of Gahcho Kué.
DPA Annual Budget Rises to $70M
14 february 2018
(diamonds.net) - Funds available for the Diamond Producers Association (DPA) to spend on generic marketing will jump to $70 million this year following an increase in contributions from its members. The extra cash will enable the organization to grow its US marketing and expand campaigns around the world, Jean-Marc Lieberherr, its CEO, said in an exclusive interview with Rapaport News, during the forthcoming edition of In the Loupe — The Rapaport Diamond Podcast.
EU takes over in fight against blood diamonds
13 february 2018
(euractiv.com) - The fight against conflict diamonds has slowed down since the creation of the Kimberley process in 2002. However, with the EU at its head in 2018, the subject of corporate responsibility could come up in talks.
