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
5 Surprising Facts About the Luxury Shopping Habits of Chinese Millennials
16 october 2017
(jingdaily.com) - Millennials are a more diverse group than they’re often given credit for. While they were raised with the internet and have a global identity, their attitudes towards luxury differ widely from country to country. The latest report issued by international audit firm Deloitte aims to nail down those differences. Surveying over 1,000 20- to 30-year-olds, the report uncovers the distinct luxury spending habits of the young Chinese.
The Discovery of Newsworthy Diamonds is Increasing
13 october 2017
(paulzimnisky.com) - If it seems like the number of record-breaking and other noteworthy diamonds discovered has been increasing in recent years, it’s because they are. Over the last nine years 66 press-released-diamonds were recovered, and 61 of those have been found within the last five years.
Marketing, Sure – But of What Kind?
12 october 2017
(edahngolan.com) - If there is anything that the diamond industry is famous for, it is its marketing. Turning a rare and out-of-reach product into an attainable household desire was a brilliant success, and the marketing slogan “A diamond is forever” is one of the best ever penned. Yet today, the diamond industry is suffering from dismal marketing that has toppled all the way downhill. What kind of marketing are we missing?
Diamond stocks are crashing this year
11 october 2017
(beta.theglobeandmail.com) - It's been a surprisingly ugly year for most diamond companies. Shares of small producers, mainly focused on mines in southern Africa and Canada, have tumbled more than 30 per cent during the past year and each company seems to be embroiled in its own mess. The issues range from mine setbacks, political fights and low prices for certain types of stones. The volatility is normal for such a speculative corner of the industry, but the losses are surprising since rough-diamond prices have held up relatively well.
De Beers suspends exploration budget
11 october 2017
(businesslive.co.za) - De Beers, which will be down to a single mine in South Africa from 2020, has 54 exploration applications stuck with the Department of Mineral Resources, some for two years, and has suspended its R40m annual exploration budget in the country. The focus of De Beers Consolidated Mines (DBCM), the South African subsidiary of De Beers, the world’s largest producer of rough diamonds by value, is on bringing its $2bn Venetia mine into production and managing the transition from opencast mining to underground mining, minimising the anticipated dip in production at that time, said DBCM CEO Philip Barton. While De Beers has patiently pushed for the exploration licences to be approved having exhausted all its other exploration permits but it is now coming to a point where taking the Department of Mineral Resources to court is being considered as an option if talks with Mineral Resources Minister Mosebenzi Zwane yielded no progress, Barton said on the sidelines of the Joburg Indaba mining conference.
