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
Diamond Industry Now Banking on Legitimacy
01 february 2017
(diamonds.net) - The diamond industry has added several layers of legitimacy this year as more companies are complying with standards set out by banks, regulators and suppliers, even if they’re still burdened with a “high-risk” profile. Bringing that improvement about has been an arduous journey that is by no means complete. It will take a lot more for the trade to fully reject traditions such as closing a deal with a simple handshake and a blessing of “mazal u’vracha.” But industry leaders believe it is vital to enable a more bankable and profitable industry in the long term.
From Tulips to Diamonds: Why It’s Time to Rethink the Diamond Market
31 january 2017
(ehudlaniado.com) - Have you ever heard of the Tulip Mania, the Dutch tulip bulb market bubble of 1630s? At the time, tulip bulbs became highly desirable to rich Dutch consumers, who viewed them as a status symbol. The resulting high demand for tulip bulbs drove up prices in a speculative wave of trading, until demand waned and prices crashed. Some consider this event a cautionary tale for investing in diamonds. I think, however, that there are some hidden lessons to the story, which we can apply to the diamond industry. The Tulip Mania did not develop within an organized framework. It was a wildly speculative market with few standards - not a well-developed exchange with strict standards for classification, and trade rules with long term and sustainable foundations. However, as long as Dutch consumers were interested in tulip bulbs, prices rose or remained stable. Once they lost interest, prices crashed just like any other asset on the exchange today. The lesson to learn from the tulip bulb bubble is that when there is a group of people that recognizes and shares the same idea, together they can create a market. This market will fluctuate as the group members’ beliefs, moods and expectations change. Just like gold, art, oil, and currency, the diamond can work as an asset that serves a group educated to accept and adopt it – as long as the process of education occurs in an organized and well-thought-out fashion.
Us holiday sales up 4%, diamond jewelry sales show good to mixed results
30 january 2017
(en.israelidiamond.co.il) - A recent report by the National Retail Federation (NRF) shows that US holiday retail sales during November and December 2016 rose 4% year-on-year to $658.3 billion. According to a report in Diamond World, this number includes $122.9 billion in non-store sales, which were up 12.6% year-on-year. As for sales of jewelry and diamond jewelry, several brands have reported good holiday results, while others showed mixed results.
Time For a Re-think – Will DPA Budget Soar to $60 Million?
27 january 2017
(idexonline.com) - It was only a question of time. When the Diamond Producers Association (DPA) was launched in 2015, its initial budget of $6 million raised not a few eyebrows. Given that the DPA is formed of seven diamond mining companies, including the world's two largest miners De Beers and Alrosa, the annual budget looked rather tiny. Since De Beers reportedly invested $200 million annually in generic diamond marketing for many years, the $6 million budget looked all the more insignificant. Companies such as De Beers, with annual sales of $5 billion-$6 billion, and Russia's Alrosa and its annual sales in 2016 of more than $4 billion, should really be putting far more into the kitty. To lesser degrees, the same applies to the other founding members – Dominion Diamond Corporation, Gem Diamonds, Lucara Diamond Corp., Petra Diamonds and Rio Tinto Diamonds.
Americans Buying More Lab-Grown Diamonds, But Only Real Rocks Romance
26 january 2017
(gemkonnect.com) - If you had to guess, what would you think the purchasing trend for lab-grown diamonds by US consumers would be? Are they consciously buying an alternative item, or are the goods so small that the purchase is about the jewellery item, and not as much about what is set in it? It might surprise you to learn that by number of units sold, 32 percent of all the lab-grown diamonds sold in the US weigh 1-1.49 carats, based on data collected from nearly 4,000 specialty jewellery retailer doors in the US by retail metrics research firm NPD. Another 26 percent weigh 0.70-0.89 carats. Representing 58 percent of the total, it would seem that we are not talking small-set goods but more likely centre stones. Considering that a number of these items existed as loose stones in retailers’ inventory, we can conclude that retailers keep them on hand for clients. Due to a successful marketing effort, consumers are already aware of lab-grown diamonds and it is not unusual for them to walk into a retail outlet asking about them, or for them. Since early 2015, many US retailers who in the past were dead set against lab-grown diamonds, have changed their mind and are now following their clients’ lead.
