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
Insider Q&A: De Beers CEO talks diamonds, millennials
18 january 2017
(bigstory.ap.org) - Instead of romantic proposals and engagement rings, the commercials trying to sell a new generation on diamonds show young couples rolling around on a bed, arguing in a car and even questioning whether they'll ever marry. The ads are one way the diamond industry is trying to reach millennials, the under-35-year-olds who may be more focused on paying off student loan debt than buying diamonds and getting hitched. De Beers, the company that helped pay for the new commercials, says millennials are still purchasing diamonds, even though they are typically less affluent than their parents were at the same age.
This Is Your New Source for Conflict-Free, Ethical (And Gorgeous!) Engagement Rings
17 january 2017
(vogue.com) - In 2017, the possibilities are endless when it comes to weddings. Want to get hitched in a tree house? Or serve a “cake” made of donuts? Go for it. You can even get married at Kate Middleton’s palace and hire someone to write your maid of honor speech. One thing that is still hard to do, try as you might, is find a completely sustainable, conflict-free diamond ring. Brides-to-be who are wary of the diamond industry might work with a jeweler to verify that their diamonds are ethically sourced, but it’s impossible to know for certain if they harmed the planet or a person along the way. That was a big problem for Vanessa Stofenmacher, who spent two years working on a collection of diamond engagement rings for her direct-to-consumer, everyday jewelry brand, Vrai & Oro. “Our whole philosophy is to bring transparency to the industry, so when we started looking for a diamond source, it was really disheartening. Even ethical diamonds drain the lakes and destroy the ecosystem, so there’s a fine line between what’s ‘ethical.’ And the diamond industry itself is completely corrupt—it operates like a cartel,” she explains. “Then we came across Diamond Foundry on Instagram, and it was exactly what we were looking for.”
Why are Rough and Polished Prices Disconnected?
16 january 2017
(ehudlaniado.com) - In the diamond industry, we often hear that the cost of rough diamonds is disconnected from the price of polished diamonds. Many of us wonder how that is possible, especially since the largest cost component of polished diamonds is rough. I’ve always felt that the only way to determine the value of rough diamonds is by the value of the polished diamond outcome from that rough diamond, minus the manufacturing costs and profit. Why start from the price of polished diamonds? Because the power to set the price of polished diamonds is in the hands of consumers. The average price consumers pay for a particular polished diamond sets its value, and from that, we derive the cost of rough diamonds using a reverse engineering calculation. If rough diamonds are valuated correctly – and experience proves time and again that my formula works – then the wide discrepancies in the valuation of rough diamonds can be dramatically reduced. We have knowledge accumulated over generations and great expertise. We must harness this and learn how to continuously improve. Using this professional know-how in combination with my methodology could bring greater financial success to the diamond pipeline, mostly to anyone who deals with rough diamonds as part of their daily diamond activity. Doing so will increase our capital, improve our ability to find bank financing, and result in a much healthier business environment that will allow us to extend our trade into other areas.
Jewelers Report Having Their Best Holiday in Years
13 january 2017
(nationaljeweler.com) - Take down the tinsel; it’s all over. The 2016 holiday season is officially behind us, leaving in its wake a trail of at least 11 jewelers who were happy with the outcome. The retailers who talked with National Jeweler on Tuesday last week reported less price resistance, fewer procrastinators and big diamond sales. Read on to see how your holiday results stack up against those of jewelers in your region.
Lab-Grown Diamonds Come Into Their Own
13 january 2017
(abrasivesunion.com) - Around the corner from the famous Diamond District in New York City, David Weinstein sorts through some envelopes on his cluttered desk. All of them are full of synthetic diamonds. "I deal with diamonds all day long, for three decades," says Weinstein, executive director of the International Gemological Institute, a nonprofit research institute. "To me, diamonds aren't anything spectacular. It's hard to get me to say, 'Wow!' But lately he has been impressed by certain diamonds — those created in the lab. "These are all laboratory-grown," he says, unwrapping diamonds and lining them up inside a folded piece of white paper. Under a bright light, he points out how colorless they are, and how, to the naked eye, they're indistinguishable from diamonds that took millions of years to form deep within the earth. Lab-grown diamonds command about 1 percent of the global market today. But investment firms predict that market share could rise to as much as 15 percent in the next few years.
