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
October 2017 Market Report
01 november 2017
(ehudlaniado.com) - On one hand, the diamond market is showing clear improvements in activity and demands. However, at the same time, prices of polished diamonds are at a three-year low, and demands are still mostly flat. There are some increases in demand, but in Israel there is a single notable drop in demand. Some of the recent weakness is obviously a result of a string of Jewish, Chinese and Hindu holidays. At the same time, a series of bankruptcies – large and small – have also had their negative impact on the diamond industry.
Why society ladies are spending thousands on fake jewels
01 november 2017
(nypost.com) - Harriette Rose Katz recently commissioned her jeweler to make a 32-inch diamond pavé link necklace and matching bracelet. But the sparklers, which together cost $14,000, aren’t real diamonds: They’re cubic zirconia. Katz is one of the many monied New Yorkers making Canal Street versions of their bona fide baubles because they’re afraid of being robbed while traveling or walking down the street. They don their real finery for formal galas, but for the daily grind they’ll slip on the bogus bling. It’s a hush-hush practice that’s been on the rise since October, when Kim Kardashian reported being tied up and robbed of more than $10 million in jewelry, including her 20-carat diamond engagement ring, in a Paris hotel.
The Peace Diamond Challenge
31 october 2017
(peacediamond.com) - The Peace Diamond is a 709.48 carat rough diamond discovered on March 13, 2017 by impoverished artisanal diggers in Koryardu, Sierra Leone. It is the 14th largest diamond ever found. At the request of the Sierra Leone government, the Rapaport Group is marketing and auctioning the diamond in New York on Dec 4, 2017 free of charge. The big idea behind the Peace Diamond is that a “diamond that makes the world a better place” has more value. It has positive energy because it has caused good things to happen. The challenge for the diamond trade is to create value by marketing and selling the positive impact that good diamonds bring to the world around them. It is time for us to sell the story behind the diamond - not just the diamond.
Digital Currency In Exchange For Solid Diamond Jewelry?
31 october 2017
(idexonline.com) - Given the huge volatility experienced by bitcoin in recent weeks and months, it was something of a surprise to see a jeweler in London offering customers a digital currency payment option. Samer Halimeh, a luxury diamond retailer headquartered in Knightsbridge, Samer Halimeh has decided to start accepting bitcoin for the jewelers’ retail services and business-to-business (B2B) gemstone trades. "We are the first diamond dealer and Bond Street level luxury jeweler to start accepting and trading using bitcoins,” Halimeh was reported as saying. “This is because we have seen rising inquiries for this digital currency from clients, suppliers and trading partners.” He said that the company has up to now dealt with US dollar purchases from clients in the Gulf and Asia. However, over the past 18 months, customers have been acquiring large amounts of bitcoins. Halimeh says an “increasing number of clients” have been asking to purchase goods with bitcoin. This is particularly the case with VIP customers who buy jewelry costing in the millions.
Blame millennials: Diamond jewelry business in a rough spot
30 october 2017
(cnbc.com) - Diamonds may be losing their shine. Retail sales of diamonds are slowing globally as a younger generation of consumers appears to be less attached to traditional diamond jewelry than their parents and grandparents, according to industry analysts. "Millennial consumers have distinctive preferences, which in many ways diverge from previous generations," Bank of America Merrill Lynch analyst Ashley Wallace said in a research note this month. "They tend to be more value conscious, more concerned with sustainability and ethical production, and often value unique and individual products versus items that are standardized and mass-produced." They are also marrying later. The median age for millennial women to marry is 27 and for men 29, according to Pew Research. That's a challenge for the diamond business. The bridal category, including engagement or wedding ring purchases, represents as much as half of the total merchandise sold by some of the major U.S.-based jewelers. And when they do marry, some consumers are opting for more gemstone engagement rings, such as sapphires, or fashion jewelry with lab-grown diamonds, according to industry analysts. Synthetic diamonds can cost 30 percent less than mined diamonds.
