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
These Lower-Tier Chinese Cities Will Have 2 Million or More ‘High-Income’ Residents by 2030
21 november 2016
(jingdaily.com) - Chinese cities like Foshan, Wenzhou, or Changsha may not be considered to be among the country’s luxury epicenters, but a new study by The Economist Intelligence Unit finds that by 2030, lower-tier cities like these will have more “high-income” consumers than Beijing has now. According to the “Chinese Consumer in 2030” report released this week, 35 percent of China’s population is predicted to be “upper-middle class” or above by 2030. This will amount to about 480 million people, marking a massive increase from the current estimate of 132 million upper-middle class people in China (10 percent of the population).
From Private Jets to EasyJet: The Changing Face of the Diamond Consumer
18 november 2016
(ehudlaniado.com) - It used to be that most diamonds were sold to the jet-set, a globetrotting group of people that included tycoons, captains of industry, royalty, Hollywood actors, and the like. Buying a high-cost diamond necklace or ring was an expenditure that they could easily manage financially, so it was almost a no-brainer. Few others bought these jewelry items. Perhaps someone who did exceptionally well at the casino one night, or a person who lived in a politically unstable country and wanted a large diamond that could serve as a store of value, an item that could be easily placed in the pocket before running away, and transformed into cash after arriving in safety. That was in the 1950s and 60s. Today you may call them the one percent, but at the time, they represented a far smaller section of society. Over time, more and more people joined the middle class, and the economy developed to provide more at a lower cost, making once-inaccessible items much easier to obtain. This process was one that can be described as democratizing accessibility. What was once available only to few becoming accessible to many.
Education Is the Sparkle in Blue Nile's Marketing
17 november 2016
(dmnews.com) - The average marriage rate in the U.S. today is low. In its 2015 U.S. Wedding Forecast report, forecasting firm Demographic Intelligence predicted that the marriage rate will reach 6.7 per 1,000 people this year. And as The Dallas Morning News noted in its coverage of the report, this number includes people who are getting married for the second or third time. It's Blue Nile's job to find these lovebirds before they pop the question. Engagement rings make up 60% to 70% of the online jeweler's revenue, according to Blue Nile's senior director of digital marketing Lori Gatto. But the customer journey doesn't end there. It's up to the company to then convince those customers to return and make subsequent purchases, such as wedding bands or Valentine's Day gifts.
Lab-Created Synthetic Diamonds
16 november 2016
(diamonds.pro) - Before we get into the nitty gritty details, I should preface this with our general feeling about diamonds. While we think diamonds are beautiful and a great choice when you are looking to make a luxury jewelry purchase, we do not buy into the marketing that DeBeers has rammed down our throats for a century, convincing people that you must buy a diamond when you get engaged. The founder of this site even wrote an article for Huffington Post to that effect. Our goal is not to convince people that they should buy a diamond. We are here to help people who are buying diamonds to get the best bang for their buck. We find the right balance of quality to get the biggest diamond you can within your budget and help you avoid any rocks or shoals along the way.
Blue Nile To Be Acquired By Bain Capital and Bow Street, Goes Private, Q3 Sales Down 4.3%
15 november 2016
(forbes.com) - In a surprise announcement, online jeweler Blue Nile said Monday that it has entered into an agreement to be acquired by an investor group comprised of funds managed by Bain Capital Private Equity and Bow Street LLC. The all-cash deal is valued at $500 million. The announcement came at the same time the Seattle-based company released its third quarter earnings report that disclosed a 4.3 percent drop in net sales. The report was issued without comment and a conference call scheduled for Monday (November 7) was abruptly canceled.
