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
The Great Big Diamond Boom
28 november 2016
(The Economist) - Earlier this year a diamond the size of a tennis ball went up for sale at Sotheby’s. At 1,109 carats, the Lesedi La Rona is not just 500 times bigger than even the ritziest of engagement rings, it is the largest diamond found since the discovery of the Cullinan (3,106.75 carats) in 1905. More remarkable still is the streak of large-diamond discoveries over the past few decades: by one reckoning about as many supersize diamonds (those that weigh 200 carats or more) have been unearthed in the past two decades as were found in the rest of the 20th century. Moreover, this streak seems to be growing hotter. Miners are getting better at locating and preserving big diamonds. Now, with the aid of faster computers, sorting machines can use X-rays to scan tons of rock being carried on conveyor belts towards the crushers and instantly analyse the molecular composition of each boulder. When a diamond is spotted, the machine immediately diverts it and saves it from oblivion.
Phenomenal rise in import of synthetic diamonds raises concerns
25 november 2016
(timesofindia.indiatimes.com) - Amid serious concerns raised by the global diamond industry over undisclosed mixing of 'lab-grown' diamonds with natural gems in India, it has been revealed that there has been a phenomenal rise, about 53%, in import of synthetic diamonds in the country till September end.
Blue Nile Stock Explodes On Buyout - Time for Tiffany (TIF) to Sell?
24 november 2016
(thestreet.com) - If private equity sees unappreciated value in struggling online jeweler Blue Nile (NILE), why wouldn't they sniff around embattled high-end player Tiffany & Co. (TIF) as well? Shares of Blue Nile rocketed as much as 34% in early afternoon trading on Monday as it agreed to a $500 million buyout from private equity firms Bain Capital and Bow Street. The all-cash deal represented a 34% premium over Blue Nile's closing price on Nov. 4. Tiffany & Co. shares rose about 3% in response to the transaction. Similar to Blue Nile, Tiffany has battled several quarters of sluggish sales of engagement rings in the U.S. and muted spending by consumers on jewelry. Overseas sales have been particularly challenging as well.
Blood diamonds, synthetics, and ethical supply: the diamond industry fights its corner
23 november 2016
(telegraph.co.uk) - Diamonds continue to hold their lustre: after a tough year that saw prices and demand fall, the market is showing signs of life in 2016. But the sector, which straddles both mining and high-end retail, is still under pressure, with consumers growing increasingly interested in provenance, while synthetic diamonds are looking to grow their appeal. The Kimberley Process this week closed its annual plenary session in Dubai, hailing “progress” in the industry to meet the challenges in the supply chain. The KP is the body charged with ensuring that so-called “blood diamonds” from conflict zones do not fall into the hands of consumers. But the process, which includes governments, NGOs and industry, has faced repeated criticism for not going far enough in upholding ethical supply. Andrey Polyakov, president of the World Diamond Council (WDC) and a vice president of Russian diamond giant Alrosa, spoke after the event to defend the KP and illustrate its progress - including its efforts to bring Central African Republic, a potentially large source of rough diamonds, back into the international fold.
Uncertainty looms large over Surat diamond industry
22 november 2016
(timesofindia.indiatimes.com) - Uncertainity looms large over the world's largest diamond cutting and polishing industry in Surat following the scrapping of the old Rs 500 and Rs 1,000 currency note by the government. The diamond industry, which was supposed to open after 20-day Diwali vacation on November 21, is likely to extend the vacation period till December 15. However, the big diamond companies are scheduled to open their units from November 18 as most of their business is done through banks.
