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
Winners of Russian Diamond Line Contest received awards at Amber Plaza Business Center in Moscow
30 december 2016
The awarding ceremony was held at the inauguration of the exhibition bearing the same name, Russian Diamond Line 2016. The contest, which is held once every two years, aims to attract jewelry connoisseurs to the best creations of Russian jewelers and give new incentives for domestic jewelry production and export intensification. As it was stressed by Alexey Shcherbina, the publisher of the Jewellery Review Magazine and Chairman of the Jewellery Exporters Club, Russian jewelers have perfect goods to reach out to foreign markets, and the Russian Diamond Line Contest is an event regularly promoting Russian artists to the global elite of jewelry design, which is very important for the country’s prestige, as well as for commercial success. The contest is traditionally attended by the most famous Russian jewelry companies and designers. This time, the announced winners were the jewelry pieces produced by Cluev, Bronnitsky Jeweler, Tsvetnaya Raduga, White Diamond, as well as by jewelry designers Natalia Tarasova and Tatiana Tarasova, Eduard Nikitin, Andrei Mikhailov, Anna Teplinskaya and others.
Diamonds 2016: A Year in Review (with a Quiz)
29 december 2016
(paulzimnisky.com) - 2016 marked an eventful year for the diamond industry. From the largest producers coordinating supply cuts and the manufactures to returning to profitability, to the second-largest gem-diamond ever recovered going to auction, to impressive advancements in the lab-grown industry, to the launch of the first generic diamond marketing campaign since 2008, to two new world-class mines going into production, to India's surprise demonetization. Test your knowledge of diamond industry developments in 2016 with this 20 question quiz at paulzimnisky.com.
Research into Diamonds Provides a “Rare Look” at How Parts of Africa Were Formed
29 december 2016
(en.israelidiamond.co.il) - Researchers at the Denver Museum of Nature & Science and University of British Columbia recently analyzed diamonds from the Museum's collection and learned how an unusual chunk of Africa formed. According to material provided by the Denver Museum of Nature & Science, the chemistry of diamond flaws “provides a rare look at the processes that led to the formation of Earth's crust. Inclusions found in the Museum's diamonds from the Congo craton in central southern Africa illustrate an incredible 3-billion-year journey through tectonic collisions and volcanic eruptions”.
The trust machine
28 december 2016
(economist.com) - Bitcoin has a bad reputation. The decentralised digital cryptocurrency, powered by a vast computer network, is notorious for the wild fluctuations in its value, the zeal of its supporters and its degenerate uses, such as extortion, buying drugs and hiring hitmen in the online bazaars of the “dark net”. This is unfair. The value of a bitcoin has been pretty stable, at around $250, for most of 2015. Among regulators and financial institutions, scepticism has given way to enthusiasm (the European Union recently recognised it as a currency). But most unfair of all is that bitcoin’s shady image causes people to overlook the extraordinary potential of the “blockchain”, the technology that underpins it. This innovation carries a significance stretching far beyond cryptocurrency. The blockchain lets people who have no particular confidence in each other collaborate without having to go through a neutral central authority. Simply put, it is a machine for creating trust.
Rough Diamond Prices Higher in 2016 as Production Cuts and Restocking Flip Supply/Demand
27 december 2016
(paulzimnisky.com) - In 2016 the diamond industry has been marked by the follow-through of actions taken by De Beers, ALROSA (RTS: ALRS) and Rio Tinto (LSE: RIO) to curtail global supply, combined with a healthy 2015 retail holiday season that left the very cautious manufacturing segment of the industry under-stocked in early 2016. Leading up to 2015, gross over-speculation of global diamond demand growth by some diamond cutters resulted in a significant overhang of low-to-medium-quality polished stock in the industry pipeline, which reached an apex about this time last year. The supply glut was debilitating, and even fatal, for the manufactures (the cutters) as there was in some cases no market for their freshly polished product which they needed to unload in order to pay back loans used to buy the rough. The bellwether producers (the miners) took action towards to end of last year in an attempt to normalize the supply/demand balance, in an effort to provide a lifeline to their clients. The producers took a two-pronged approach, reducing rough supply to the market, either through production cuts and/or inventory build, and reducing prices, with a goal of restoring the rough/polished price spread, essentially returning profitability to the manufactures.
