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
We Cannot Turn Our Backs on Our DNA
28 october 2016
(ehudlaniado.com) - No matter how hard we try, our DNA cannot be ignored. It is what sets our course and determines who and what we are. Denying that is to deny our very existence. This is true about our biological selves as well as our businesses. The DNA in the diamond industry is to buy rough, manufacture and sell polished. The price of polished is determined by consumers who walk into stores, that is a given. The fair cost per carat of rough is determined by the following equation: The total price of its polished output divided by its total rough weight in carats, less polishing costs and margins. I’ve said it many times in the past and I’m stating it here again. Why? Because that is our DNA and my manifesto.
New Insights on How Millennials and Gen Zs Like to Shop
27 october 2016
(jckonline.com) - The Cassandra Report, an ongoing study of emerging trends, generational insights, and youth behaviors, has released its annual Cassandra Report: SHOP study - offering a handful of data-backed new insights into how teens and twentysomethings like to shop. Emily Anatole, Cassandra’s associate insights director, told JCK that one of the biggest revelations from the fresh findings was that young consumers aren’t just looking for brands and experiences that are visually cool - an assumption many retailers make in the age of slick Instagram photos. They’re also “craving shopping experiences that provide them with a sense of community,” she says. “Today’s youth don’t just turn to brands to browse and buy, but rather, they look for brands to create togetherness.”
The Positive Impact of Diamond Mining
26 october 2016
(ehudlaniado.com) - I recently read an article about some of the perceived damaging social impacts of the diamond mining industry. It was riddled with inaccuracies and poorly researched data that appeared to be written solely to cast a negative shadow on our industry. I have personally witnessed a very different side to diamonds, and have seen firsthand how it can transform individuals, communities, and entire countries in very positive ways. For many, it is easy and convenient to jump on the bandwagon and slander the diamond business. Unless those of us in the industry stand up and speak out against those in the media who seek to vilify an industry they know little or nothing about, consumers will continue to read these messages and avoid purchasing diamonds, or will perhaps shift their purchases to lab-grown alternatives. The diamond industry employs an estimated ten million people around the world, and openly calling for diamond mining to cease, as some influential individuals have done, would be catastrophic for the livelihoods of a great number of hard-working people. I feel compelled to show my readers, most of whom are employed within the industry themselves, just how wrong many of these detractors are. Let’s take a closer look at some of the very positive impacts that diamonds have had in the world.
Diamond mining companies setting sights on the sea as land dries up in Africa
25 october 2016
(telegraph.co.uk) - Twelve miles off Namibia’s arid southern coastline, 150 metres below rolling ocean waves, diamond miners are hard at work securing a future for the practice of romancing by stone. With the precious gems expected to run out on land in as little as 15 years, diamond company De Beers is building up a naval fleet to protect its interests. Namdeb, De Beers’ 50:50 operation with the Namibian government, estimates that 95 per cent of its diamonds will in future come from the sea bed off Africa’s southwest coast and the marine gems are already fetching the highest prices from all of its seven mines.
Diamonds: Nothing lasts forever
24 october 2016
(ft.com) - Gahcho Kué is found deep in the Canadian tundra where the winters are cold enough to shatter steel. But nature has left something in this hostile environment that the world finds irresistible: diamonds. Diamonds are marketed on the idea that they will forever represent a pinnacle of luxury and materialist desire. But industry executives and business owners acknowledge that the battle for the luxury dollar is intensifying, with diamonds competing with everything from must-have consumer devices to expensive holidays. In response, the industry is looking to boost its marketing spend.
