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.
16 october 2026
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.
16 october 2026
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.
16 october 2026
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.
16 october 2026
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...
16 october 2026
Analysis: The State of the Majors
20 november 2017
(nationaljeweler.com) - Trying to get all the pieces in place to make a retail operation run smoothly these days is like solving a Rubik’s cube. It’s difficult, time consuming and involves a lot of moving parts. But, in the end, it’s really satisfying when you get everything to line up. The question is, though, which retailers are best at putting all the pieces of the puzzle in place today? Is it the biggest players, with their enormous marketing budgets, money to spend on the best social media talent, and numerous physical touchpoints? Is it the online-only retailers, with their 24/7 availability, lower prices (and, in some cases, lack of sales tax) and fast and free delivery, all made possible by lower overhead costs? Or, is it the mom-and-pop stores that can offer more personalized service and, in many cases, a better in-store experience? Let’s attempt to answer these questions by first looking at what the 2017 State of the Majors lists reveal and, then, what the players in the industry have to say about the current state of jewelry retail.
Mercury Polished Diamond Prices: Price Stability Maintained
17 november 2017
(ehudlaniado.com) - Polished diamond prices remained flat overall in October for the third consecutive month, 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. The MDGT™ stood at 114.79 in October, a negligible decline from its 114.80 during September. Polished diamond prices peaked in May 2014, when the index reached 142.3, and have been steadily declining since July 2014, a 40-month stretch. On a year-over-year basis, overall polished diamond prices have been declining for 35 months. The last time the index showed an upward year-over-year trend was in November 2014. During the 40-month period of declining polished diamond prices, the MDGT™ index fell 19.3%. MDGT™ is based on the transaction prices of diamonds weighing 1-30 carats, collected and used for the Mercury Diamond™ Price List. It provides wholesale polished diamond prices based on transaction prices in the wholesale market, and is aimed at serving the wholesale market first and foremost. In October, polished diamond prices declined by 2.7% year-over-year, the same as in September. Although we have seen stability in prices in the last three months, the year-over-year rate of decline shows just how deeply prices fell during the past year before stabilizing.
Rough Trade Cautious at $455M De Beers Sale
16 november 2017
(diamonds.net) - Dealers reported a difficult but stable rough market as De Beers’ November sight closed with a value of $455 million — 4% lower than the same period a year ago.
Global personal luxury goods market returns to healthy growth, reaching a fresh high of €262 billion in 2017
16 november 2017
(bain.com) - Luxury is back in fashion. The overall luxury market – encompassing both goods and luxury experiences – grew by 5 percent to an estimated €1.2 trillion globally in 2017. Sales of luxury cars continued to drive the market, growing at 6 percent to reach €489 billion in total. These are the top-line findings from the 16th edition of the "Bain & Company Luxury Study," released today in Milan in collaboration with Fondazione Altagamma, the Italian luxury goods manufacturers' industry foundation.
Diamond Portraits - Cecil Rhodes
15 november 2017
(ehudlaniado.com) - The diamond industry has a storied history. It has been built by influential people, both past and present, who have left their indelible marks on a business that captivates consumers around the world. Over the next several weeks, I want to highlight some of the achievements of these people, people from all walks of life, who have helped to lay a foundation for all of us. Perhaps we might learn something from their accomplishments that might help others to shape the industry moving forward. For an introduction to our list of famous people in diamonds, I will start with Cecil Rhodes, the founding chairman of De Beers.
