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
Pleading Signet’s CSR Case
11 july 2017
(diamonds.net) - “It takes 20 years to build a reputation and five minutes to ruin it. If you think about that, you would do things differently.” — Warren Buffett. Signet Jewelers has had a frustrating time of late. In the past year, it has battled allegations of diamond-swapping, sexual harassment and gender discrimination that have put its brand on the back foot and depleted its share price by more than 40% since last May. But the company’s valuation is not the only casualty here. Signet, the largest jewelry retailer in the US, has made great strides in advancing responsible sourcing for the jewelry supply chain — strides that the recent negative publicity has overshadowed. And while this consequence is unfortunate, it serves as a reminder to the diamond and jewelry industry that a company’s reputation makes all the difference in a socially conscious consumer environment.
Cleaning Rough Diamonds
10 july 2017
(ehudlaniado.com) - I have talked in the past about how the diamond industry employs an estimated 10 million people around the world, both directly and indirectly. Indirectly, there are countless people and companies who earn their incomes from providing services in support of the diamond industry and the companies that work within it. Many of these supporting services are instrumental in bringing diamonds from mine to market, yet some people may not be aware of the many helping hands that diamonds go through on their journey to a retail shop, and the many companies that provide supporting services to that end. In my next series of articles, I want to take a look at some of the companies that provide indirect support to the diamond industry, to help rough producers and polished manufacturers maximize the value of their product.
Antwerp’s Most Brilliant: Transforming Antwerp’s Diamond Jewelry Experience
07 july 2017
(thediamondloupe.com) - Arriving at Antwerp’s splendid 19th century Central Station, with its marble staircases, iron and glass vaulted ceiling and gilded details, shoppers visiting Antwerp are filled with high expectations about the jewelry boutiques awaiting them in the world’s diamond capital. For years these expectations were quickly dashed, as consumers were confronted with myriad uninviting and less-than-reputable jewelry shops once they left the station. Where to turn? The City of Antwerp and the Antwerp World Diamond Centre (AWDC) recognized the problem and decided to do something about it. Enter Antwerp’s Most Brilliant (AMB): a quality label for jewelers focusing on the “5th C” of compliance and confidence, intended to direct customers to trusted jewelers where they may shop and purchase with peace of mind, and to give deserving jewelers a way to distinguish themselves from the hundreds of businesses located in the diamond capital.
Op-Ed | What You Don’t Know About American Millennials
06 july 2017
(businessoffashion.com) - At the core of today’s strongest brands are strong beliefs. For me and many of my fellow millennials, tenets like individuality, freedom of expression and global connectedness are the pillars of a value system by which I measure the authenticity of everything — including brands. But beliefs are fool's gold. Experience is what actually matters. Not the user experience offered by a brand, but the life experience of a generation. Look into our histories and you will see early signs of major consumer shifts coming up ahead. There are three powerful macro trends quietly growing amongst millennials right now. All of them are borne of the cultural and psychological experiences that shaped our lives. The brands that understand and internalise them will win.
Women aren’t waiting around for men to buy them diamonds
05 july 2017
(nypost.com) - Women aren’t waiting around for their significant others to buy them diamonds anymore. A key growth area in jewelry is women gifting themselves, according to De Beers. Nearly a third of diamond sales in the US come from women buying their own rocks and baubles — up from 24 percent five years ago, the London-based diamond cartel said in early June. Among the self-gifters, 57 percent are married women and 43 percent are single. “The majority of diamonds in Asia are bought by women, but in America the perception is that diamonds should be gifted,” said Stephen Lussier, chief executive of De Beers’ Forevermark diamond brand. But that’s changing, Lussier says, and the industry is pulling out all the stops to encourage the new trend. Overall, diamond sales grew just 4.4 percent last year to $41 billion versus 5 percent the previous year, De Beers said as it released its annual report on the industry.
