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
From Tulips to Diamonds – How We Start Educating the Public
07 february 2017
(ehudlaniado.com) - Earlier, I began charting out my vision for a future for diamonds, in which they serve as a wealth preservation tool. It is a broad vision, and I want to start detailing how I think we should get there. Some read the Tulip Mania in 1630s the Netherlands as a cautionary tale for diamonds. I think that if anything, it serves as a lesson on what to avoid when setting up a successful and long-lasting commodities market. Although the tulip bulb craze ended up with a price bubble that exploded, many other commodity markets have succeeded tremendously, some lasting for hundreds of years. There is evidence of rice commodity trading that dates back even thousands of years. The underlying requirement for a successful market of any kind is a belief in the traded item. Be it a soft commodity such as rice, a hard commodity like gold, or a modern commodity like art, in all cases there is a widespread acceptance of the viability of the traded item. For diamonds to play a role as a potential wealth preservation asset, we need to reach a critical mass of people interested in diamonds, and confident that whichever diamond they buy, they will find a buyer who will purchase the asset from them, paying them a premium, just as we do already with gold, bonds, stocks, art, watches, antique cars and much more. This group will create resell value, which will in turn create demand and form a market. For all of this to happen, we will need a critical mass of believers who will keep the value of traded diamonds sustainable.
Antwerp Diamond Trade Grows 5 percent in 2016 After Difficult 2015
06 february 2017
(idexonline.com) - The Antwerp diamond industry recorded a 5 percent increase in trade in 2016 following a very difficult 2015, the Antwerp World Diamond Centre (AWDC) reported. Last year, $48 billion worth of diamonds were imported and exported from Antwerp. “The rough diamond market in particular is clearly making a strong recovery,” the AWDC said. “This is positive sign, given that the rough diamond trade is the foundation and heart of the diamond trade. The proactive efforts of the Antwerp World Diamond Centre to bring more rough diamonds onto the Antwerp market is clearly bearing fruit.”
Ahmed Bin Sulayem concludes KP Chairmanship 2016 at UN General Assembly
06 february 2017
(Government of Dubai Press Release) - Ahmed Bin Sulayem, Kimberley Process Chair (KP Chair 2016), delivered a speech on the draft resolution “The Role of Diamonds in Fueling Conflict” at the UN General Assembly 69th plenary meeting, 71st session, on February 2nd, 2017.
Chaim Even-Zohar: Potential Impact of Trump on U.S. Diamond Trade, KP Certification
03 february 2017
(thediamondloupe.com) - In his latest Diamond Intelligence Briefs, “Keeping Stock of U.S. Kimberley Process Certificates”, industry analyst Chaim Even-Zohar takes another hard look at the U.S. rough diamond trade and the country’s half-hearted approach when it comes to implementing Kimberley Process (KP) certification standards domestically. The title alludes to his impression that nobody, or at least not the government charged with doing so, is in fact keeping stock of empty KP certificates. For issuing KP Certificates, the U.S. government relies on the United States Kimberley Process Authority (USKPA), a not for profit trade association that licenses shipping and diamond companies to issue K.P. Certificates for exports of rough diamonds from the United States. Or, as Even-Zohar writes, it “outsources” verification of those KP Certificates “to the level of the exporter”, “shunning legal liability” and passing the buck down to those whom the KPCS is intended to monitor.
Jewelry Industry’s Clicks and Bricks model turns successful
02 february 2017
(betterdiamondinitiative.org) - Ritani, which was a wholesaler earlier, has transformed into an USD 50 Mn online jewelry company. It is the 40th Most Promising Company of America according to the Forbes’s list. The online jewelry company sells mainly engagement rings, wedding jewelry along with the other diamond jewelry. Started retailing in 2012, it gets 8 million unique views a year. Julius Klein Group, one of the largest manufacturers of diamonds in the US, partly owns Ritani because it understands the power of internet, according to a representative of the Klein group. Being online has helped Ritani gain consumer insights to boost sales. But this is not the only reason behind its success. The major reason is the way it chose to position itself. Ritani has used strengths of both, ‘online’ and ‘brick and mortar’ business models to find the golden mid-way and be future ready.
