News
Nornickel and Reksoft Implement "smart vision" to protect production
Nornickel has deployed a neural network-based video analytics system across its facilities, designed to prevent equipment breakdowns and production stoppages, the company’s press service reported.
Today
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
The Growing Rareness of Pink Diamonds
26 august 2016
(ehudlaniado.com) - So far in our examination of fancy colored diamonds, we have looked at the most common, yellow, and one of the least common fancy colors, blue. However, pink diamonds are perhaps the most sought after of all fancy color diamonds because of their beauty, and the romantic feelings that these diamonds stimulate in people. Although these diamonds are slightly more abundant than their blue counterparts, this is perhaps set to change in the near future and pink diamonds are currently highly coveted by those in the know.
The Diamond Penny Begins to Drop
25 august 2016
(idexonline.com) - In the grand scheme of the diamond industry, a year doesn’t seem like such a long time – after all, it takes millions of years, and now, expert drilling techniques to help remove diamonds from their earthen beds. However, things at the consumer end of the diamond pipeline seem to be shifting, and in a positive direction at that. Sometimes, imperceptible changes take place that help to change the way business is done, how a problem is approached or how a solution might be found. Sometimes, it’s hard to pinpoint the precise point at which something changes, when something clicks into place, when perhaps an opportunity appears that had not previously been presented. I think back to the Presidents’ Meeting in June of last year. The formation of the Diamond Producers Association (DPA) had recently been announced, and at the time, two of the most important figures in the diamond industry – Andrey Zharkov and Philippe Mellier, of ALROSA and De Beers, respectively – were outlining their companies’ position on a number of issues relating to the entirety of the diamond pipeline.
Failed monetary policies lift gold
24 august 2016
(gold.org) - Analysts are scrambling to increase their gold price forecasts, as the gold price continues to rise. The gold price breached US$1,360/oz for a second time in 2016, a level previously seen in early 2014. A weak Japanese bond auction on August 2nd unnerved markets, pushing the gold price up 29% for the year in US dollar terms. Many analysts are interpreting weak Japanese Government Bond demand as a signal that investors are starting to lose confidence in the effectiveness of unconventional monetary policies, following increasingly desperate bids by the world’s central banks to reflate the global economy. In this environment, we believe investors are using gold to hedge portfolio risk as they add more stocks and low quality bonds to their asset mix.
Gold is not all that glitters – diamonds act as hedge
23 august 2016
(theglobeandmail.com) - In a packed Christie’s auction room in Geneva, one could hear a pin drop as two anonymous bidders slugged it out in their quest to own the world’s most exquisite blue diamond. The room in the Four Seasons Hotel des Bergues was filled with multimillionaire collectors and diamond dealers, listening intently as the bidders, each speaking by phone to a Christie’s representative, took turns adding a few hundred thousand dollars in a tense struggle dragging on for more than half an hour. When the auctioneer’s hammer came down, spontaneous applause broke out as the winner, who retained anonymity, bought the 14.62-carat Oppenheimer Blue for a world record $57.5-million (U.S.) for any jewel sold at auction. The sale some weeks ago was the latest in a series of world record prices per carat paid at auction for extraordinarily magnificent and rare diamonds. With new fortunes being created around the world faster than at any time in history, more of this expanding elite of wealthy investors are looking at different ways of protecting cash that now earns close to zero per cent interest in bank accounts, while asset market turbulence can wipe out millions in hours.
The Economic Costs of the KP on Government and Industry Stakeholders: An Overview
22 august 2016
(DIB Online) - It’s 2016. The Kimberley Process Certification Scheme (KPCS) has been operational for 13 years. The time has come to examine the costs that the KPCS imposes on the diamond pipeline. Cost analysis only provides one side of the discussion. In this DIB, we present an extract of a 40-page study recently completed by Tacy Ltd. and Pharos Beam Consultants. The purpose is to encourage positive discussions about the costs and effectiveness of the system, with a view to ultimately be part of an overall discussion on the cost-benefit of the KPCS and ways to make the system more efficient.
