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
Chow Tai Fook net profit rises 3.9pc, says it will open 100 new shops this year
04 july 2017
(scmp.com) - Chow Tai Fook Jewellery, the world’s largest listed jeweller by market value, said that it plans to add up to 100 new retail locations on the mainland after reporting earnings that matched expectations, thanks in part to a rebound in mainland Chinese consumption of luxury products. The jewellery chain saw its net profit for the 12 months to March rise 3.9 per cent year on year to HK$3.06 billion (US$390 million), or 30.6 HK cents per share. That was in line with the estimates of analysts polled by Thomson Reuters.
A Market in Chaos
03 july 2017
(edahngolan.com) - What an unusual period we are in. Looking back a month, everything appears to be upside down. Rough diamond imports were out of sync: values were up, but not volumes. Polished diamond exports ahead of JCK were lopsided. Polished diamond prices eased instead of rising, but rough prices increased. Are these signs of a normal market, or of a diamond market in chaos?
Luxury’s Generation Gap
30 june 2017
(businessoffashion.com) - The luxury goods market is expected to return to growth this year, driven by domestic spending in China and tourism in Europe, according to the latest Bain & Co. Luxury Study, released in May 2017 in collaboration with the Fondazione Altagamma. While luxury goods sales fell last year to €249 billion ($280 billion), from €251 billion in 2015, spending is expected to grow by 2-4 percent this year. And over the next three years, Bain predicts that millennials and Gen-Z will boost the value of the luxury goods market to €290 billion ($324 billion), with the generations accounting for 45 percent of the market by 2025. This presents a challenge for many brands, however, as traditional business models do not accommodate Gen-Z and millennials' values and expectations. In the past, a luxury brand’s goal was to create a superior product that encapsulated ideals of exclusivity and aspiration. Now, brands must consider the values of younger generations, for whom community, authenticity and transparency play an important part in how they purchase luxury goods.
Diamond prices up by 2-5% in three weeks
29 june 2017
(business-standard.com) - Despite weak demand ahead of the new season, rough and polished diamond prices have risen 2-5 per cent across all varieties during the past three weeks. Diamond processing activity in India, which was down early this year, revived later with the positive outlook on the Indian economy. Also, wedding season demand coupled with stagnant gold prices boosted jewellery demand from local consumers. Normally, jewellery demand season ends with the closure of wedding dates around May 31. Rural demand, which makes up around two-third of India's jewellery consumption, also fades with the onset of the monsoon as farmers move to buy seeds and fertilizers for sowing kharif crops. This time, however, consumers continued buying ahead of Goods and Services Tax (GST) rollout on fears that jewellery would become costlier once the tax is implemented. "The domestic demand for rough and polished diamond has been fairly good in the past few weeks. Hence, the prices of both rough and polished diamonds have risen by 2-5 per cent across all categories," said Pravin Nanavati, Joint Secretary, Gujarat Heera Bourse.
Technology in the Diamond Industry: Exploration
28 june 2017
(ehudlaniado.com) - In today’s information age, technology is at the center of almost everything we do. From the food we eat, to the cars we drive, and yes, even to the diamonds we wear, technology is rapidly changing the way we do things. Despite the past decade of unprecedented advances in technology, there is no sign of things slowing down, and it’s anyone’s guess how we will be doing things in even five or 10 years. Although our industry still clings to many of its long-held traditions and values, technology is impacting all elements of our industry, from exploration to retail. The earliest stage in the diamond process is, of course, mine exploration. This is arguably the most challenging stage of our business, as the hidden locations of diamond mines are not always obvious to even the most skilled geologists. It really is akin to looking for a needle in a haystack, but new technology promises to make the haystack a little smaller, and the needle a little more obvious.
