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
Investing in Diamonds – is it Happening?
31 january 2018
(ehudlaniado.com) - Slowly but surely, the tide is turning. For decades, the diamond industry feared the idea of diamonds serving as an investment. Some will say that such attempts in the 80s led to major loss of value and erosion in the perception of diamonds, but most simply wanted to see diamonds as a symbol of love and no more. Diamonds as a component in jewelry sold for a good margin. However, a series of recent initiatives shows how the market, the investment world, and even the industry are starting to accept the idea that diamonds are much more than just something pretty. They have financial power.
Say Yes to Engagement Rings
30 january 2018
(diamonds.net) - Businessman Kevin O’Leary has sound advice for people who are about to get married: Don’t get into debt. So far, so sensible. Except he is also recommending they skip the engagement ring, blaming our industry in the process as the “people trying to figure out how to extract money from you.”
Does Agarwal have a masterplan for Anglo? Probably not
29 january 2018
(miningmx.com) - If Agarwal is making a point about Anglo American, what is it? Fundamentally, he wants to be involved; that’s obvious. The interesting aspect of his approach, however, is the watchful passivity, and that he doesn’t seem to have a particular strategy. From what he says, it looks like he wants to be able to simply react to the right opportunity when it presents itself, perhaps one provided by other shareholders such as South Africa’s Public Investment Corporation (PIC), a government-owned asset management firm.
Diamond prices predicted to increase in 2018, says analyst
26 january 2018
(cbc.ca) - Diamond prices are on the rise in 2018, which will bring economic growth to the mines in the Northwest Territories, according to an analyst. Paul Zimnisky, an independent diamond industry analyst based in New York City, says he expects a price increase for both rough and polished diamonds in 2018. In 2017 prices for rough diamonds went up 2.7 per cent, while polished prices went down 3.5 per cent, according to the company's diamond price index, updated weekly since 2004. Zimnisky predicts rough diamond prices will go up as much as four per cent this year, which he says will have a significant impact on the diamond industry.
Demand for diamonds to drive price appreciation in 2018
25 january 2018
(born2invest.com) - Diamond producers can expect business to pick up this year amid the increase in demand for the precious gemstones. According to CBC News, the boon will have its positive effect on diamond mines. Last year, rough diamond prices surged by as much as 2.7 percent while polished diamond dipped by as much as 3.5 percent. Industry expert Paul Zimnisky believes the increase in the demand for rough diamonds will fuel the price increase this year, which is pegged at 4 percent. “Mining companies tend to have leverage on diamond prices, so if their cost to produce the diamond stays the same, but the actual price their selling their diamond goes up, that increases their operating margin and it’s good for their business,” he added.
