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
Is The Swiss Watch Industry A Victim Of Its Own Marketing Success?
07 october 2016
(forbes.com) - The purpose of this discussion is to explain why I feel that the Swiss watch industry today needs to take a very hard and long look at their marketing practices, says Ariel Adams in a dedicated article. It might surprise you that I am advocating for them to market more – but to do so in a more intelligent and organized manner. This comes at a time when the high-end watch industry is doing very poorly. No, they aren’t hurting simply because of competition from smartwatches – but the advent of emerging technology certainly doesn’t help them. The luxury watch industry (mostly Swiss brands) is hurting due to stubborn reliance on archaic business practices in the form of sorely outdated distribution and pricing models. On top of that, the industry massively overproduces inventory – and the volume of unsold watches both in the market and being hoarded by brands is appallingly high. Some analysts contend that actually up to 50% of some watch brands’ claimed value is in the form of unsold inventory assets.
How to Kill Four Birds With One Stone
06 october 2016
(idexonline.com) - I'm a third generation diamond trader, working in the industry since 1978 and selling laboratory grown diamonds since 2009 with full disclosure. The mixing of small laboratory grown diamonds into natural melee parcels is a reality and it looks to me to be an issue that is very difficult to tackle. I think the solution to avoiding diamond mixing might be actually a very simple one.
Marriage Falls in China, Transforming Finances and Families
05 october 2016
(mobile.nytimes.com) - Fewer Chinese people are getting married, a shift with profound implications for China’s economic and social life. The decline in marriages means a decline in the number of babies, and potentially less spending on homes, appliances and other family-related purchases — the kind of spending China needs to drive economic growth.
Safety First: Can Europe Bounce Back From Its Lull in Chinese Tourists?
04 october 2016
(jingdaily.com) - Safety has become a front and center issue for Chinese tourists this year, putting traveling to hot spots in Europe and other parts of the world on hold for some. Terrorist attacks have caused major waves of tour cancellations, but a series of recent incidents have compounded problems even further. With interest in Paris already dwindling, Chinese locals there protested in the streets in mid-September after a Chinese tailor died of injuries from being mugged. This followed a scare in August, when a group of 27 Chinese tourists on an airport bus were tear gassed by thieves. France 24, a local news outlet, reported that “violent robberies” of Chinese have tripled in the last year, adding that they “are seen as lucrative prey as they are thought to habitually carry large sums of cash.”
Future diamond mine prospects far from bright
03 october 2016
(biv.com) - Canada is now home to the largest diamond mine under construction in the world. Located in Gahcho Kué, Northwest Territories, the mine is expected to add $6.7 billion to the Canadian economy. It’s a joint venture between De Beers Canada (51%) and Mountain Province Diamonds (TSX:MPV) (49%). While the project might be considered a sign of a resurgent mining sector, the industry is not completely out of the woods. Exploration companies are concerned about finding future diamond deposits. It can take up to 20 years for diamonds to move from the mine to market, and some firms are worried they might not be able to consistently find new reserves over the next two decades.
