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
Diamonds Show Flaws In Civil Society Approach To The Gulf
21 october 2016
(huffingtonpost.co.uk) - As Qatar, the UAE and other Gulf countries engage in greater depth with the international community and achieve milestones in that engagement, they will come under increased scrutiny from international NGOs. The region’s governments are now more confident. The result is a willingness to adopt a higher profile on the world stage. These same governments, accustomed to a compliant civil society, have proven ill-prepared for the scrutiny from NGOs and the resulting criticism and pressure. For their part, international NGOs have struggled in their engagements in the region. Amnesty International has succeeded in getting traction with the Qatari government through a combination of hard hitting reports and engagement on the issues. Qatar has also shown a willingness to engage and to act. The result is a 2015 decree that reforms employment law, giving workers more rights and seeking to end some of the worst abuses of the previous system. The law comes into force in December. Both sides have remained respectful of each other and shown that engagement can lead to positive outcomes. By contrast, PAC has been involved in a car crash. It is boycotting the UAE’s chairmanship of the KP and so will not attend the plenary session in Dubai in November. PAC has also launched fierce personal attacks against the UAE’s representative Ahmed bin Sulayem, head of the Dubai Multi-Commodity Centre (DMCC) which hosts the diamond exchange. PAC’s approach not only demonstrates a lack of respect but is proving ineffective. For both governments and NGOs in the Gulf, engagement and mutual respect is the path to success. Governments have to face up to some hard truths but the reputation gains are worth the pain. For NGOs, reports and campaigns only go so far, talking to governments who are the only ones who can enact change, is more likely to lead to success.
Firestone’s Lesotho diamond mine about to start production
20 october 2016
(miningmx.com) - Firestone Diamonds should start production at its Liqhobong diamond mine in Lesotho during the fourth quarter of 2016 after bringing it into operation with sufficient funds still available to see the mine through to the point where revenues will flow from the first sale of diamonds in January 2017.
GIA’s Latest News of an Undisclosed Synthetic Should Worry Us All
19 october 2016
(jckonline.com) - Gemological Institute of America sent out news that it had intercepted an undisclosed 5 ct. CVD-grown synthetic (pictured) at its Hong Kong lab. The discovery, it says, “marks a significant milestone.” It’s undeniable: Undisclosed synthetics are out there, in just about every size and shape, and it’s something our industry is just beginning to get a handle on. And while this is generally considered a worse problem in India and China, we can’t discount the possibility that undisclosed lab-growns are in circulation in the United States.
DiamondCorp pins hopes on shareholders as bankruptcy looms
18 october 2016
(miningmx.com) - Shares in DiamondCorp, a junior diamond miner, took another hefty knock in Johannesburg trade after the company said it had lost an investor that had earlier been willing to offer cash for convertible shares. Shares were as much as a third lower, but losses had eased slightly at around midday to about 20%, valuing the company at R153m. The company had been worth nearly 70% more about 30 days ago. However, sources said hopes remained high that the company would firstly find short term funds to pay creditors, and then stabilise its medium-term financial outlook by attracting an investor.
What Is Your Added Value? Why the Traditional Diamond Centers Must Adapt to Change
17 october 2016
(ehudlaniado.com) - The math for setting prices in the market is fairly straightforward, and I have presented it over time more than once. In a way, you could argue that it is a technical matter. However, the process is more than reverse engineering the price consumers are willing to pay for polished diamonds to calculate what the cost of rough diamonds should be. It’s also about adding value. A simple example of adding value is the transformation of rough diamonds into polished diamonds – manufacturing. There are several others, and they are important because of the role they play in bringing a worthwhile product to consumers. They include branding, stone matching, financing memo goods, financing jewelry manufacturing, aiding in marketing efforts, and even specialized knowledge that either enhances the diamond or improves its salability.
