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
Vital Mission For The Industry: Telling The Story Of The Good Diamonds Do
29 may 2017
(idexonline.com) - Diamonds do a great deal of good. Of that there can be no doubt, but do the end-consumers know it? I can't claim to have carried out any scientific polling of the public, but purely based on conversations with family, friends, acquaintances and strangers over the course of many years, the answer is fairly clear: they don't. It's been said many times before, but it deserves to be repeated, that the diamond industry does not do enough to inform consumers about the benefit that diamonds bring to families across the globe. And that leaves the playing field empty for some companies in the lab-grown sector, for example, to claim that natural mined diamonds are somehow destructive: that's to say they cause environmental damage, they lead to conflicts and are mined using slave labor. Without a response from the mined, natural diamond industry, the unknowing consumer is left with little choice but to believe such claims.
Is a Dominion Diamond Takeover Still in the Cards?
29 may 2017
(investingnews.com) - It’s been just under two months since Montana-based Washington Corporations (WashCorps) made a $1.1-billion takeover bid for Dominion Diamond (TSX:DDC,NYSE:DDC), and the initial excitement has died down substantially. Dominion, which made headlines — and enjoyed a huge share price rise — after soundly rejecting the offer, is now lying low. While the company initiated a strategic review a few weeks after receiving WashCorps’ proposal, since then it has put out little news. In its most recent update, released May 1, Dominion notes that as part of the strategic review it is now speaking with a number of interested parties, including WashCorps; however, it does not expect to release further news until its board approves a specific transaction. There’s also the possibility that nothing at all will come of the review. In other words, Dominion has options, and will likely take its time making a decision on how to move forward.
Analysts paint sparkling picture of coloured gemstone market
26 may 2017
(miningweekly.com) - The shift from small-scale artisanal mining to larger mechanised mining, owing to the increasing involvement of larger mining companies and greater formalisation of the sector, is expected to increase the distribution channel of the coloured gemstone industry, which will continue to consolidate as smaller market participants disappear. This is also likely to result in improved transparency of the coloured gemstone industry over time, as larger mining houses are accountable to their shareholders as well as local and international operating regulations. This is according to nonprofit organisation representing the coloured gemstone industry the International Coloured Gemstone Association former VP and senior industry analyst Jean Claude Michelou, who predicts that, in time, there will be “strong growth” in the sale of coloured gems in Brazil, Russia, India and China, particularly in India and China, which have a long-standing affinity for coloured gems.
Colored diamonds, the focus for Mediterranean Gem And Jewelry Conference
25 may 2017
Now in its third year, the annual Mediterranean Gem and Jewelry Conference, which this year took place in Syracuse, Sicily in mid-May, provided participants with an opportunity to immerse themselves in the world of colored diamonds and their characteristics.
Diamond rings: How much are they really worth?
24 may 2017
(pix11.com) - Kay Jewelers is one of the largest retail jewelry chains in the country. They advertise heavily. "You see the commercials. Every kiss begins with Kay," said Brandon Lewis, a steamfitter from Staten Island. "I thought it was the right place to go." Brandon bought an engagement ring at Kay Jewelers in the Staten Island Mall a year and a half ago. He said the store manager, who sold him the ring, assured him the center diamond, weighing almost one carat, was high quality at a low price. "He wrote down that the center stone was worth $9,000, but he’s giving it to me for $6,400,” Brandon said. The total cost of the ring, including the setting and surrounding diamonds, was $9,002. At the time of purchase, the store manager gave Brandon a Report of Authenticity prepared for Kay Jewelers by Gemological Science International, GSI. It describes the center stone and grades it for clarity and color, among other things. Recently, after Brandon and his fiancée called off their engagement, he went back to the same Kay Jewelers store and asked for a refund. The manager refused, since it was long past Kay’s 30-day refund limit. So Brandon decided to have the ring appraised elsewhere, hoping to sell it. He remembered what the Kay manager said: "He told me it was going to appraise for what I paid, if not more." Unfortunately, that is not what three different appraisers said.
