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
A Fake Jerome and real diamonds?
17 february 2017
(polishedprices.com) - Mining Weekly reports that the Diamond Producers Association is lobbying for its advertising fund to be raised tenfold from $6 million to $60 million. The article refers to the fact that overtime De Beers had cut its marketing budget in half to $100 million before effectively stopping generic advertising, all one of the disastrous consequences of their Supplier of Choice strategy in 2001. My understanding is that De Beers no longer owns the ‘Diamonds are Forever’ slogan, which they transferred into De Beers LV or the jewellery business, instead we have got the Coke muse, about ‘Real’… who wants dreams to be real? In the FT it has been reported that Sotheby’s is suing to reclaim the proceeds of the sale for a painting of Saint Jerome that has subsequently proved to be a fraud. Lastly, I read this headline in Vogue, “This is your new source for conflict free ethical (and gorgeous) engagement rings”. It does not take a genius to guess that they are referring to Lab grown diamonds, or as the trade likes to use the pejorative term, synthetic diamonds. To me these three bits of news or information, which I presume bypass the fashion for fake information, though it is difficult to comprehend how anyone thinks raising advertising spend to $60 million, given the absence of coordinated generic advertising for so long, can make much difference.
Why Invest in Fancy Color Diamonds?
16 february 2017
(investingnews.com) - Fancy color diamonds have become more popular as an investment choice to protect and grow wealth, and it’s not just because they look nice. Since 1959, fancy colored diamonds haven’t decreased in wholesale price and can increase upwards of 10-15 percent in value every year. Recently, the Investing News Network had the chance to speak with Jeremy Wiseman, vice president of Guildhall Diamonds to discuss the fancy color diamond sector. Below is a transcript of our conversation. It has been edited for clarity and brevity. Read on to see what Wiseman had to say.
Trump may suspend rules on African ‘conflict minerals,’ say human rights advocates
15 february 2017
(theglobeandmail.com) - Congolese warlords and unethical U.S. corporations will be the big winners if U.S. President Donald Trump goes ahead with a reported plan to suspend the restrictions on “conflict minerals” from Central African war zones, human-rights groups say. The latest Trump plan would jeopardize many years of effort to identify minerals from conflict zones so that consumers aren’t inadvertently financing war and rape when they buy cellphones, laptops, jewellery and other products, the groups say.
From Tulips to Diamonds – Fungibility
15 february 2017
(ehudlaniado.com) - Some argue that diamonds cannot trade as a commodity because they lack fungibility – that they are not interchangeable with other individual diamonds like a gram of 24 karat gold is interchangeable with any other gram of 24 karat gold. Is that true?
Trump Slams Nordstrom for Dropping Daughter Ivanka’s Brand
14 february 2017
(bloomberg.com) - Donald Trump criticized Nordstrom Inc. for dropping daughter Ivanka’s brand from the department-store chain, drawing a new company into the president’s ongoing skirmishes with corporate America. “My daughter Ivanka has been treated so unfairly,” Trump said on his personal Twitter account Wednesday. “She is a great person -- always pushing me to do the right thing! Terrible!” He later retweeted the message from the official presidential account, @POTUS. Nordstrom said last week that it would stop selling Ivanka Trump’s brand this season, citing poor sales. The retailer had come under fire from the Grab Your Wallet campaign, a critic of the administration that is asking shoppers to boycott retailers that carry Ivanka Trump or Donald Trump goods.
