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
Why Diamonds and Gems Are Catching the Eye of Serious Investors
19 january 2018
(robbreport.com) - The kind of sensational headlines that, for the past decade, have been associated with multimillion-dollar art transactions are now occurring with notable regularity in the world of diamonds and gemstones. News makers include Laurence Graff, who acquired a $53 million, 1,109-carat uncut diamond in late September, and Christie’s, which announced in November it would sell a 163-carat D-flawless diamond, the largest ever to come to auction.
New Canadian Diamond Discoveries Could Close Pending Supply Gap
18 january 2018
(stockhouse.com) - On November 1st, De Beers said that it will be closing its nearly depleted Victor diamond mine in northern Ontario in early 2019. Victor is the first in a line of legacy diamond mines world-wide that will be closing over the next 5-years. Most notably, Rio Tinto’s illustrious Argyle mine in Australia is expected to shut operations in 2021. At peak production, in the mid-90’s, Argyle produced over 40M carats annually. To put that into perspective, total 2017 global diamond output is estimated at less than 150M carats. De Beers Voorspoed mine in Botswana is on pace to reach end-of-life by the end of the decade, and a slew of the company’s alluvial mines in Namibia are planned to be phased out by 2022. With global diamond demand forecast to grow at approximately 3.5% annually over the next five years, driven by middle class consumers in Mainland China and India, the industry’s fastest growing large markets, a supply gap down the line seems inevitable if forecasts hold.
GEM share flies on 910 carat whopper recovered at Letšeng
17 january 2018
(miningmx.com) - A 910 carat (ct) diamond recovered at GEM Diamonds’ Letšeng mine in Lesotho could fetch more than $40m and help support the firm’s under-pressure balance sheet. Shares in GEM gained 13% in early morning trade on the London Stock Exchange. On a 12-month basis, however, the company has lost a fifth of its value.
Diamond Portraits – Sir Thomas Cullinan
17 january 2018
(ehudlaniado.com) - Most people in the diamond industry immediately recognize the name Cullinan as belonging to probably the most famous rough diamond in history, and several of the most famous polished diamonds in the world today. They are likely also familiar with the Cullinan mine in South Africa, which has produced some of the most magnificent diamonds in history, including the Blue Moon which I was so incredibly fortunate to have been a part of. But few of us know much about Sir Thomas Cullinan, the namesake of both the mine and the largest gem-quality rough diamond ever found.
5 Amazing Facts You Might Not Know About Diamonds
16 january 2018
(brides.com) - Yay, you're engaged! You found the love of a lifetime—and of course the diamond engagement ring of your dreams! And while you could make a list a mile along of everything that makes your fiancé special, there are plenty of amazing facts we bet you didn't know about that diamond on your finger. If you've ever found yourself asking “how did this rock become a brilliant, sparkling diamond that made its way to my finger?”, you've come to the right place. The ancient Greeks believed diamonds were tears of the Gods fallen from the sky, and while we seriously wish that were true, we set out to get to the bottom of how the modern-day diamond came to be. “Diamonds are truly a miracle of nature” says Grant Mobley, Diamond Expert at Pluczenik. “What most people don’t know is how many factors have to align just perfectly for a diamond to form and come close to the surface of the earth in order for us to enjoy them.” Are you ready to find out why that sparkler on your ring is even more special than you thought? Here, 5 true facts about diamonds we still can't believe!
