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
The Scary Stuff Nightmares Are Made Of
18 july 2017
(edahngolan.com) - For years the diamond industry’s outward attitude to lab-grown goods was that these stones were some sort of fake. Even the nickname given them expresses that disdain – “synthetics.” Yet underneath this expression of disrespect lies a deep sentiment, a real feeling that one can almost smell – a mixture of contempt and deep fear. Don’t balk because that fear is certainly justified.
Another Grib Diamond Mine in Finland?
17 july 2017
(stockhouse.com) - On July 12, 2017, after market close, Arctic Star Exploration Corp. announced to acquire 100% of 243 hectares centered around the 2 diamondiferous Black Wolf and White Wolf Kimberlites in northeastern Finland, about 17 km from the town of Kuusamo and 24 km west of the Russian border. On top of that, Arctic filed an application for an approximate 95,700 hectares “Exploration Reservation” around the 243 hectares property, which would give Arctic the exclusive claim staking rights for 2 years. Roy Spencer, who discovered the Wolf Kimberlites as well as the multi-billion-dollar Grib Kimberlites in Russia, has joined Arctic’s Board of Directors and commented in a press-release: “Kimberlites are likely to occur in fields - also known as clusters - which typically contain 30 or more separate kimberlites. The Wolf kimberlites are just the first discoveries in a more extensive cluster. There is good evidence for the existence of this field in the public domain. This data shows regional distribution of kimberlitic indicator minerals and diamonds in surficial tills. The Exploration Reservation will allow Arctic Star to explore the entire region.”
How Three Jersey Shore Developers Intend To Drop The Price Of Diamonds
14 july 2017
(forbes.com) - These three 28-year-old guys work out of Asbury Park, New Jersey, just a quick drive to the boardwalk and The Stone Pony, the venue that’s famous for launching Bruce Springsteen’s career. One of them, Justin Insalaco, is a former Mercer County cop, who came up with the idea for a law enforcement app after getting frustrated that he couldn’t access critical information, like policies and floorplans, from his cell phone. That app became Guidant Systems, which has been adopted by The Department of Homeland Security and The Pentagon Force Protection Agency. Insalaco developed it with his business partners Matthew Roselli, a former advertising executive, and Jason Elhomsi, who came out of financial marketing. None of them have any background in jewelry, which is why Roselli found ring shopping so challenging after he decided to get engaged a few years ago. “When you say you’re getting engaged,” Insalaco says, “about 15 people in your network in Jersey and New York tell you that they’ve got a [diamond] guy.” Still, Roselli found the process daunting, unsure of whom to trust and why ring prices varied so much from jeweler to jeweler. That got the team at 3BDreams, a marketing think tank that Insalaco founded after Guidant Systems became successful, wondering. They founded Legemdary in 2015, with the notion that engagement ring buyers should have access to the kind of easy, seamless shopping experience that the internet has made possible for so many different industries. Legemdary is reverse auction site that bypasses the retailer completely . Instead, it connects buyers with wholesalers.
The History of Lab Grown Diamonds: Value Proposition
13 july 2017
(ehudlaniado.com) - I sometimes find it rather strange that the principal pre-occupation of the diamond industry today is the detection of synthetic diamonds unscrupulously passed on as natural. While this is an important issue that must be addressed so as not to undermine consumer confidence in the origin of their purchase, it may not be the most important issue to focus on. At the end of the day, if the synthetic manufacturers and retailers can convince consumers that their product offers a better alternative to natural diamonds, people will buy them.
Bricks & Mortar Still Rules Among Millennial Shoppers (after Internet search)
12 july 2017
(thediamondloupe.com) - Online coupon search site and retail trend analyst CouponFollow recently released The Millennial Shopping Report, tracking the behavior of those born between 1982 and 1996, who now constitute "the largest generation in human history", with over 80 million members in the U.S. alone. CouponFollow claims that Millennials spend $600 billion annually and are, "poised to inherit $30 trillion from their Baby Boomer parents"; they already account for 28% of all daily per-person consumer spending, and it is suggested that could rise to 35% by 2030. In short: a fairly significant demographic for online and offline retailers.
