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
Mercury Polished Diamond Prices: Polished Prices Continued to Soften in July
25 august 2017
(ehudlaniado.com) - Polished diamond prices declined by another 0.8% in July 2017 compared to the prior year, according to the Mercury Diamond Global Tracker™ (MDGT™), an index of polished diamond transaction prices. This is the 32nd consecutive month that the index has declined year-over-year. The last time the index showed an upward year-over-year trend was November 2014. During the 32-month period, the index declined 11.9%, underscoring the continued softness of the polished diamond market. On a month-over-month basis, prices declined 0.3% during the month of July compared to June.
Government prefers polished diamonds
24 august 2017
(kommersant.ru) - The Kommersant Daily came to know that the Ministry of Finance prepared a "roadmap" for the development of Russia’s diamond industry, which could become one of the biggest reforms in its history. In particular, it is said to be aimed at serious mitigation of state regulation and reducing the tax burden on Russian diamond manufacturers, as well as at expanding their access to raw materials. This threatens to revise the marketing and investment policy of ALROSA and add to its financial burden. Experts believe that the time for these reforms was not chosen well, given a possible drop in future revenues of ALROSA due to the accident at the Mir underground mine.
Support Services: Banks
24 august 2017
(ehudlaniado.com) - Banking and credit are the fuel that keeps the diamond industry moving. Like so many other businesses today, without access to credit and liquidity, the diamond industry would grind to a halt. However, in recent years, credit has become more challenging than ever before, as banks have become more stringent in their lending requirements to diamond businesses, and as they have increased the level of transparency and accountability needed to access funding. Credit needs extend across the entire spectrum of the industry, from mining to retail, and affect everyone in between, especially manufacturers and traders. Let’s take a closer look at this vital support system, and how we got to where we are today.
Top loan defaulters owe 27% of total amount to SBI alone
23 august 2017
(timesofindia.indiatimes.com) - Country's largest lender SBI accounts for over 27 per cent of the total amount owed to public sector banks by wilful defaulters. As many as 1,762 wilful defaulters owed Rs 25,104 crore to State Bank of India as on March 31, putting pressure on its balance sheet. Punjab National Bank (PNB) is next on the list with 1,120 wilful defaulters having outstanding non-performing assets (NPAs) or bad loans of Rs 12,278 crore. Together these two banks account for Rs 37,382 crore or 40 per cent of the total outstanding loans. Total outstanding loans due to public sector banks by wilful defaulters amounted to Rs 92,376 crore, according to the Finance Ministry data.
Brands Driven By Real Collaborations Beyond Mere Brand Ambassadorships
22 august 2017
(gemkonnect.com) - The spirit of partnership has always had a part to play in the jewellery industry, especially between designers, goldsmiths, gem-setters, polishers and the whole manufacturing stream. But today, a new breed of collaborations between brands, manufacturers and celebrities has created an interesting balance, leading to greater ‘future-proofing’ potential for the jewellery industry. Of course, collaborations between big names and big brands in the jewellery sector have been done before. But, what makes this latest breed different is the way in which famous faces are expected to do more, say more, and act more than just a brand ambassador plastered on billboards. Think Lady Gaga and Tiffany & Co., and more recently Rihanna and Chopard as two interesting fine jewellery examples. The rise of digital means that it takes more than just a signature on the bottom of a magazine advert to convince customers that a ‘genuine’ collaboration is being presented. This authentic partnership is what millennials are looking for, not just the obvious transaction of millions of dollars from brand to celebrity.
