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
Diamond Producers Aim for Lower Qualities in Today’s Market
04 october 2017
(gia.edu) - The average value of rough diamonds mined last year took a sharp drop according to the latest Kimberley Process (KP) data. The KP reports that world diamond production was 134 million carats, which was valued at $12.4 billion in 2016, or just under $92.50 per carat. That is in comparison to 127 million carats valued at $13.9 billion, at $109 per carat, in 2015. Examining the figures more closely, some of the biggest drops in value came from countries where diamond mining is in the hands of the major, sophisticated operations of De Beers, Rio Tinto and Alrosa, in South Africa, Canada and Russia, respectively. At the same time, diamond demand in major consumer markets, such as the U.S., China and Japan, has trended toward smaller stones and lower qualities. This isn’t exactly a coincidence.
Polished Diamond Volumes Rise Again in August
03 october 2017
(ehudlaniado.com) - Some goods accumulated during the slow summer vacation time, some were made in advance to fulfill orders from jewelry manufacturers that are making diamond jewelry for the November-December holiday period, and many are returns from retailers. But more than anything, these are goods manufactured by bullish companies that suffer from overcapacity at their factories, mainly in India, and that are bringing goods to the market that are being shelved for the time being.
Life looks up for Petra after strike ends at Finsch, Koffiefontein
02 october 2017
(miningmx.com) - Petra Diamonds said full year production guidance of between 4.8 million to five million carats would be unaffected by a ten-day strike at its Finsch and Koffiefontein mines which ended today following a new three-year wage pact.
Global Witness ruffles AWDC’s feathers with ‘recycled old garbage’ Marange diamond report
02 october 2017
The Global Witness released a report on Zimbabwe’s Marange diamonds, which in all fairness, revealed nothing that wasn’t in the public domain. It wasn’t an earth-shattering report, one would say, but a mere recycling of the old garbage. Be that as it may, the report alleged that Zimbabwe’s diamonds were left to the mercy of the country’s “highly partisan” security services and political elites, much to the detriment of development and democracy.
Here’s Why Luxury Watchmaker Patek Philippe Won’t Adapt to China Market
29 september 2017
(jingdaily.com) - At the recent Art Of Watches Grand Exhibition in New York City, Thierry Stern, the owner of the 178-year-old luxury watch brand Patek Philippe, gave some insight to how the brand has endured in the ever-changing luxury industry and also explained why adapting for the China market isn’t right for the brand. “It would be a big mistake to adapt to a market,” he told the Straits Times in an interview. “If people like Patek Philippe, it’s because they like the design and the philosophy of the brand. If you start to adapt yourself to every market, you are going to lose that.”
