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
Buy Less Rough: Lessons from the September 2016 Hong Kong Show
30 september 2016
(ehudlaniado.com) - In a departure from other shows over the past year and more, the September show in Hong Kong saw a decent amount of business, and many exhibiting diamond firms reported a rise in transactions compared to previous shows. There is a good reason for the change, and it does not necessarily serve as a positive sign for the diamond industry. A characteristic shared by most goods in demand at the show is that because their prices have declined to such an extent, they are now fit for smaller budgets. That is, even after the widespread price declines, consumers are still mostly interested in items that fit certain price points, creating an almost overriding demand for those types of polished diamonds. Therefore, the pickup in demand in Hong Kong signifies that prices are finally at the right level. At this lower price, consumers are beginning to buy, and that is an important message to everyone in the industry.
Diamondcorp’s long-term value will sustain it through the short-term glitches
29 september 2016
(proactiveinvestors.co.uk) - "We’ve got a mine, we’ve got grade, we’ve got the carat value,” says Paul Loudon of Diamondcorp Plc (LON:DCP). “And we’ve got US$1.5bn of diamonds in the ground to be mined in the next few years.” In a nutshell that’s the base case for Diamondcorp’s Lace mine, which commenced production earlier this year. Lace has experienced its fair share of teething troubles, to the point where the market marked the shares down quite heavily on Tuesday after Diamondcorp said it had lost several days of production due to water issues. But Loudon is not to be set off course by a couple of setbacks.
The State of Retail and the Hourglass Economy
28 september 2016
(jckonline.com) - Last month, Signet reported negative comps. Of course, it’s not alone. Tiffany’s U.S. comps have been sinking for some time. Blue Nile and Birks are not showing much growth. So far, among public jewelry companies, it seems only Pandora is still performing well. Our industry has its own distinct challenges, of course, but in comments to my last post, Ben Janowski suggested we need to look at the bigger picture: The gap between the 10 percent and everyone else has become huge and is now out in the open. Signet sits right in the mid-market and is now confronting a public that has pulled back on discretionary spending, a condition that may not turn around soon, but may, in fact, get worse. It’s what experts are calling the hourglass economy.
Dubai Probing Rough Diamond Values
27 september 2016
(diamonds.net) - From the get go, the United Arab Emirates’ (UAE) chairmanship of the Kimberley Process (KP) had a fair share of controversies as civil society, and a number of member states, expressed their concern with seating the 2016 chair in Dubai. Ultimately, the Civil Society Coalition – the non-government pillar of the KP – boycotted the KP this year, saying the UAE failed to address four issues prior to its appointment. These include: over-valuation of rough re-exports, absence of enforcement cooperation with key trading partners, lack of vigilance on diamonds imported into Dubai from problematic areas, and effective engagement with civil society. Eight months into the chairmanship and Ahmed Bin Sulayem, the UAE-appointed 2016 KP chair, dismisses the concerns, claiming they deflect from the KP’s achievements this year. His focus for the remaining few months of his tenure is two-fold, he explained in an interview with Rapaport News: Advancing the rough valuation initiative introduced in May, and strengthening the KP’s ties with African states.
Hong Kong Show Keeps Holiday Hopes Alive
26 september 2016
(diamonds.net) - The recent Hong Kong Jewellery & Gem Fair set an improved tone for the diamond market despite challenging conditions in the Far East. Overall, it should be considered a good show as dealer trading picked up after a very slow summer. After all, given its scale and timing, the September fair is well positioned to signal the level of activity that can be expected in the important fourth quarter holiday season.
