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
Undisclosed Mined Diamonds Infiltrate Supply Chain of Luxury Lab Diamond Jeweler
23 may 2017
(prnewswire.com) - Ada Diamonds, the world's leading luxury purveyor of laboratory-grown diamonds, recently discovered a number of undisclosed mined diamonds mixed into multiple parcels of laboratory-grown melee diamonds, ranging from 0.01 carats to 0.06 carats. The discovery, in two separate batches, was subsequently confirmed by the Gemological Institute of America (GIA).
Zimbabwe: 'Diamond Marketer Colluded On Prices'
23 may 2017
(allafrica.com) - Zimbabwe might have lost substantial potential revenue from diamonds as it emerged Belgian registered firm, First Element, contracted to clean and sort the gems, allegedly picked buyers for local auctions in a dodgy scheme crafted to facilitate collusion. A Parliamentary Portfolio Committee on Mines and Energy's report on consolidation of diamond mining firms also says Zimbabwe might have lost huge potential revenue due to lack of value addition and understanding of the diamond industry. Part of the reason was that the marketers of diamonds, especially from Marange, did not understand the diamonds' footprint and only after feedback from the market, it became apparent they sold some unique gems with fancy colors for a song. Negligible revenue and lack of transparency in the sector caused Government to combine the diamond mining companies into Zimbabwe Consolidated Diamond Company.
Diamond mining industry tries to woo millennials
22 may 2017
(ft.com) - Erin Lowry told her partner in 2015 that she did not want an expensive diamond engagement ring. “I said I’d rather you get me a $1,000 solid band and we take the remaining money and put it to the honeymoon,” said the New York-based writer. “I’d much rather have a great trip than the ring I’m wearing.” The statement by Ms Lowry, 27, who has not yet married, highlights the issue for the diamond industry posed by millennials.
The Case for Transaction Prices – Evolution
22 may 2017
(ehudlaniado.com) - The market for high-end diamonds is well established. I have bought and sold many such diamonds during my career in the diamond industry, and have successfully sold diamonds for record prices. One thing you always see with buyers is how they study the market. They know a lot about the diamonds they are thinking of buying, and have intimate knowledge of the price trends of these diamonds, even though they are not diamond industry professionals. This is not surprising considering the amount of the purchase, yet there is an important lesson here: making these large transactions requires having detailed information to make an informed decision. Now, let’s take this type of trade to a different group of diamonds: white goods, one carat and larger, VS and better clarities, F color and better, excellent make, and no florescence. These diamonds are not often bought at auctions at Sotheby’s or Christie’s, yet offer a very interesting opportunity for buyers that are interested in the benefits of buying diamonds for economic reasons, but don’t have the financial means to purchase a 5-carat D/FL triple X diamond. This is an untapped market that we can develop.
Protecting the Image of Diamonds
18 may 2017
(janosconsultants.blogspot.ru) - (janosconsultants.blogspot.ru) - Late last year there were two events in New York about the diamond business. I'd call them bookends to the business, in that they address two real concerns - the image of diamonds, and the growing presence of man-made diamonds (MMDs). The first was the presentation by DPA (Diamond Producers Association) on the new advertising and promotional program for natural diamonds, "Rare is Real." This was, finally, an attempt by the leading mining companies to rebuild the natural diamond image in the minds of consumers. Two ads were shown (you have probably seen them by now) and I liked them both, if that means anything, while other people were very dubious. Both were appeals to the millennials, with different approaches, though both skated around the classic themes of commitment and happiness. As I think further about it, both reflect lifestyles that most Trump supporters, and even many Clinton supporters, probably disapprove of. In introducing "real life" stories, filled with doubt and adventure, the DPA seems to be trying to equate real life with real diamonds. One question here is whether the DPA at this point is deliberately not reaching for Boomers and Trumpers, and plain old-fashioned thinkers. It seems so, though I was told a whole range of ads have been prepared targeting other demographics. Another question is money. The DPA reportedly has put in some $15 million, to get this rolling, but getting money from the trade over an extended period is a real question. It will take a lot more than that to reinvigorate the image of diamonds, I'd say at least ten times as much. In the New America, I suspect, people will be keeping their wallets closed. Money goes further in these days of social networking, but will this new message carry? Here we are, months later, and I sense no impact from the DPA initiative. And when the subject is raised at various industry get-togethers, I see eyes glaze over. People involved in the program made a point of saying this is not a short term blast, and that it will take time, maybe a couple of years, before the effort is full-blown and showing results. OK, we are patient, and we will wait and see. But frankly, I can't seem get very energized by this program.
