News
Lundin achieves record quarterly gold output at its flagship Ecuador mine
Vancouver-based Lundin Gold has reported that in the third quarter of 2026, gold production at its Fruta del Norte mine in southeast Ecuador hit a new quarterly record.
Today
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
Is Tiffany Changing Too Fast—Or Not Fast Enough?
15 march 2017
(jckonline.com) - Does Tiffany need to change? Clearly. “Walking into the Tiffany & Co. flagship location on Fifth Avenue in New York City…it’s hard to tell exactly what time period it is, with the wood paneling, brown carpets, and grandfather clocks,” wrote Chavie Lieber this week in Racked. “The interior hasn’t been updated much the last several decades; it doesn’t look all that different than it did in Breakfast at Tiffany’s.” Of course, for many, that old-world vibe is part of its charm. But today’s consumers live in a world where change is constant and omnipresent, and “old world” no longer has the same attraction it once did. Millennials, with their squeezed budgets and casual tastes, are not natural Tiffany customers. The brand also has less cultural resonance - Breakfast at Tiffany’s came out 56 years ago.
The future of forever
14 march 2017
(economist.com) - Gahcho Kué is too far north for trees. In the few snowless months, its surroundings in Canada’s Northwest Territories resemble a sprawling archipelago, as much lake as land, dark ponds stretching flat to the horizon. Wolverines roam, as well as bears, foxes, hares and caribou, though the herds have dwindled. There are no roads, no pipes, no electricity cables. So it seems strange when, flying over the tundra, a giant truck appears, then another, then a steel factory, rows of trailers and a big grey pit, deepening by the day. De Beers, the world’s biggest diamond company, marked the opening of its Gahcho Kué mine in September. Local indigenous leaders prayed for the mine, beating drums. Bruce Cleaver, the firm’s chief executive, and Mark Cutifani, the boss of its parent company, Anglo American, stood by a ceremonial fire, flames tilting in the wind. Now the hard work is under way.
India’s twin balance-sheet problem
13 march 2017
(economist.com) - India’s macroeconomy chugs along (though the quality of government statistics remains questionable), but its corporate sector is ailing. The sudden and chaotic “demonetisation” of 86% of bank notes in November hardly helped. But the origins of India’s troubles go much deeper. After India dodged the worst of the financial crisis a decade ago, a flurry of investment was made on over-optimistic assumptions. Banks have been in denial about the ability of some of their near-bankrupt borrowers to repay them. The result is that the balance-sheets of both banks and much of the corporate sector are in parlous states. After years of burying their heads in the sand, India’s authorities now worry that its “twin balance-sheet” problem will soon imperil the wider economy. Both the Reserve Bank of India (RBI) and the government have nagged banks to deal with their festering bad loans. Around $191bn-worth, or 16.6% of the entire banking system, is now “non-performing”, according to economists at Yes Bank. That number is still swelling.
From Tulips to Diamonds – Marketing
10 march 2017
(ehudlaniado.com) - Is there a way to increase the revenue stream from diamonds? Is there a way to diversify revenue streams while supporting the sustainability and longevity of the diamond industry? The answer to these questions is a clear yes. In the current article series, I have detailed what I think is needed to achieving such a goal: creating a market for the diamond as a widely-accepted asset for wealth preservation. I have shown that diamonds are rare, and that with the right tools they have fungibility – two underlying requirements for creating a commodity market. For a market to operate, everything about the trade and the commodity must be transparent. Another requirement is that the market be widely accepted, which is why it must reach a critical mass of supporters. To reach a critical mass, we need to educate people on diamonds. Finally, we need an actual market – specifically, a spot market. There is one additional component that I would like to add – marketing. Marketing requires two different approaches, working in parallel: ongoing promotional activity for diamonds in general, and promotion of the idea of diamonds for wealth preservation purposes in particular.
2017: a calmer year for the diamond industry?
09 march 2017
(rubel-menasche.com) - So here it is, 2017 is already one month old, we have got over our end of year excesses, we are beginning to come to terms with the winter cold and… we are setting our sights on the year ahead. January and February are always much awaited months in the diamond industry. We would also like to be able to prepare a clear outlook, to head in the right direction. What can the diamond industry expect in 2017 or what can it hope for from this new year? Although we have no certainties, we do at least have some indications.
