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
De Beers Foresees Pleasingly Normal 2017
25 february 2017
(diamonds.net) - De Beers offered few surprises in its 2016 earnings, which were published on Tuesday and reflected what chief executive officer Bruce Cleaver called a “very pleasing year.” Granted, growth was compared to the weak performance of 2015, as last year saw inventories across the rough and polished sectors returning to “normalized” levels. But De Beers revenue and earnings are closer to the robust levels they enjoyed in 2013. Apart from its improved performance, the company reached a number of significant milestones during the year. It changed CEOs, launched the Gahcho Kué mine in Canada, raised its marketing budget to $120 million, expanded Forevermark beyond 2,000 retail locations, and forayed into generic diamond grading through its IIDGR division. The company is also testing new businesses such as a polished trading platform run by its auction unit, and a consumer buyback program. In short, De Beers is now spread across the distribution chain as it seeks to support its core rough-diamond operations. This year, as it continues to develop each of those auxiliary businesses, the company is focused on driving production – with planned output of 31 million to 33 million carats, compared to 27 million last year – while advancing its marketing programs. Rapaport News spoke with De Beers head of strategy Gareth Mostyn about the company’s plans and some of the challenges facing the market.
De Beers can “start looking” at rough diamond price increases
22 february 2017
(miningmx.com) - De Beers intended pushing diamond production levels back to “more normal” levels during 2017, but decisions on when to increase rough diamond prices would be driven by polished diamond price levels which were currently “pretty flat”. That’s according to De Beers CFO, Nimesh Patel, who told Miningmx “… as polished prices go up we can start to look at pushing up rough prices”.
Ethical transparency relies on brand storytelling, education and humanity
22 february 2017
(luxurydaily.com) - As consumer expectations lean increasingly toward transparency, a brand’s dedication to sustainable business practices is more important than ever before, said panelists at Luxury FirstLook: Time for Luxury 2.0 on Jan. 18. During the “Sustainability is the New Black: Consumers Expect Ethical Transparency” session, panelists from the jewelry, spirits and hospitality sectors discussed how their businesses approach corporate social responsibility. Even at the most subtle level, these sustainable business practices are necessary in capturing consumer market share as the concept has gone mainstream.
Scientists are turning nuclear waste into super-efficient diamond batteries
21 february 2017
(sciencealert.com) - Scientists have figured out how to use nuclear waste as an energy source, converting radioactive gas into artificial diamonds that could be used as batteries. These diamonds, which are able to generate their own electrical current, could potentially provide a power source for thousands of years, due to the longstanding half-life of the radioactive substances they're made from.
How Will the New State Department Handle Conflict Diamonds?
20 february 2017
(jckonline.com) - In early February, Ashley Orbach, the U.S. Department of State’s special advisor for conflict diamonds for the last three years, announced she will be leaving her post and the agency. With new leadership coming to the State Department, it remains to be seen whether the United States will continue its strong advocacy regarding the Kimberley Process and related issues. New secretary of state Rex Tillerson, the former head of Exxon Mobil, will likely have different opinions on the regulation of mining than his predecessors (if he gets that granular). In addition, the president has expressed hostility to international agreements, though the Clean Diamond Trade Act, which codifies the Kimberley Process, is currently law.
