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
Bharat Diamond bourse traders whine about higher cost
10 october 2017
(economictimes.indiatimes.com) - Diamond traders who participate in auctions at Mumbai's Indian Diamond Trading Centre (IDTC) say they are not getting the stones directly from miners like De Beers, Rio Tinto and Alrosa due to taxation issues, increasing their cost as they need to procure those now from overseas hubs. To supply diamonds in India, the miners want the government to adopt turnover taxation like Belgium has done - under this regime, a fixed percentage of the turnover is levied as tax, instead of taxing the profits. But Indian tax authorities want to enter into advance pricing arrangement and fix the tax rate. Miners don't agree to this as they fear that tax outgo may hurt them in those years when business is not good.
Beneficiation in the Diamond Industry
09 october 2017
(ehudlaniado.com) - When compared to other major industries like telecommunications, oil and gas, or consumer electronics, the diamond industry is relatively small. However, as I have noted in the past, the diamond industry employs an estimated ten million people around the world, both directly and indirectly. It also inspires dazzling artistic creations, and offers savvy investors a wealth preservation asset in times of financial turmoil. But some of the most important benefits that the diamond industry creates are often the least well known to the general public and the media. Every diamond producing country is different in the way it chooses to capitalize on the diamond resources buried in the ground within its borders, but all attempt to leverage diamonds in some way or another to benefit society as a whole. In my next series of articles, I will look at what has become known as ‘beneficiation’, or the downstream benefits that can be achieved by mining diamonds.
September 2017 Market Report
06 october 2017
(ehudlaniado.com) - September was dominated by two events – the upcoming holiday season, and the Hong Kong Jewellery & Gem Fair. The upcoming season is starting to have a positive impact on the diamond industry, and the levels of demand are rising in the US. The Hong Kong trade fair went better than expected, yet traders were left with the following question: are we actually turning a profit, considering the cost of rough diamonds, and the achievable polished prices?
Millennials say anxiety about money is literally making them sick
05 october 2017
(marketwatch.com) - More than a quarter of millennials say financial stress affects their job performance, over twice the rate of the general population who feels that way, according to a study of more than 2,000 people released in August by insurance and financial planning company Northwestern Mutual. Financial anxiety also has made about a quarter of millennials feel physically ill, according to the study, and has made more than half feel depressed.
15 Indian diamond companies may lose crores following bankruptcy filed by Antwerp firm
04 october 2017
(timesofindia.indiatimes.com) - More than 15 diamond companies in Surat, Mumbai and Antwerp owned by the Gujarati diamantaires may lose crores of rupees following the Antwerp-based diamond company, Exelco NV seeking bankruptcy protection under Chapter 11 in the US court. As per the court filing documents accessed by TOI, the Antwerp-based Exelco NV, which also owns other diamond and jewellery firms in Antwerp and U.S, has filed for Chapter 11 for bankruptcy protection in the Delaware district court in the U.S on the estimated liabilities of $50 million to $100 million. The company has given the list of 99 creditors including banks, financial institutions, diamond and jewellery companies in India, Antwerp and Dubai. The company has listed the top 20 largest creditors, where the names of the 10 diamond companies owned by Indians are mentioned.
