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
Watchmaking Is Dead, Long Live Watchmaking
08 august 2016
(europastar.com) - Month after month, the negative figures continue to pour in. In April, Swiss watch exports fell once again, by 11.1% to be precise, compared with April 2015. Since the beginning of the year, the overall decline is edging towards -9.5%. With the notable exception of the USA, which has “climbed” a rather modest 1.2%, all key markets are in decline: China -36%, Hong Kong -17%, Italy -12.3%, Germany -11.1%, Japan -5.8%…. need we go on? And these are just the top six markets. What is even more worrying: this time it’s the top-drawer companies that are taking the hit. “Watches in precious metals were the most strongly affected in April and clearly exerted a downward pull on the overall result,” announced the Fédération Horlogère FH in a press release, noting that the decline in sales of steel watches, “while considerable, was half as significant.” Swiss watchmakers, who have withdrawn in droves to their gilded towers, assuming they are sufficiently insulated from the carnage being dealt out down below, are seeing their model of absolute exclusivity, reserved for the infamous 1% of the world’s richest, dangerously undermined. Whose fault is it?
Study: China’s Luxury Travelers Value Experience Over Shopping
05 august 2016
(jingdaily.com) - When wealthy Chinese travelers head abroad, they’re prioritizing experiential luxury such as dining and seeking out unique cultural activities, but shopping still fits in big to their travel plans. This is the finding of affluent-focused, Asia-based intelligence firm Agility’s latest 2016 “Affluent Insights Chinese Luxury Travel Report,” which uncovers key insights on the trends and consumption behavior of affluent Chinese travelers. The data for this research has been taken from a study targeting affluent consumers across eight major Asian markets. For luxury brands marketing their goods and services in China, the report offers new insights into the tastes and spending habits of Chinese travelers, who make up a big chunk of the world’s luxury market.
The Future Is Certain in Antwerp
04 august 2016
(thediamondloupe.com) - After years of discussion between the Antwerp diamond industry and the Belgian Government, in 2015 it was decided to introduce the “Diamond Regime” tax system, pending European Commission approval. Today the EC announced that the fiscal regime does not constitute State aid, and gave the green light to what has come to be known as the "Carat Tax". Implementation of this new tax regime will put an end to complex discussions between the Antwerp diamond industry and tax authorities on the control and valuation of diamond traders' stock. The EC says that, "The new regime will ensure that diamond wholesalers will pay more taxes." Meanwhile, Antwerp's diamantaires will welcome the predictability of the new system. AWDC CEO Ari Epstein shares his thoughts (to read, please follow the link above).
Gem Buyers Beware: Get Rich Quick Scams
03 august 2016
(gia.edu) - People’s love of diamonds and other gemstones runs deep. Even the most ancient cultures prized them for adornment and as tangible symbols of wealth. In modern times, the unscrupulous play on people's deep love for gemstones and the notion of a gem’s lasting value. They employ dubious get rich quick schemes – so-called diamond and gem investments – to take advantage of the gullible and scam them. While quality gemstones generally maintain their value if purchased at a fair price and held over a long period of time, scammers tempt buyers by promising get-rich-quick profits or protection for their money in times of economic uncertainty. The “deal” often degenerates and the buyer is left holding greatly overpriced gems. There are several different ways these scammers go about taking consumers’ money. Here are four of the most common get rich quick scams.
Shifting paradigms in the Indian jewellery sector
02 august 2016
The Indian gems & jewellery sector is on a massive preparation mode at present, as the India International Jewellery Show (IIJS) 2016— the mother of all Shows, is just round the corner. It is here that the gems and jewellery manufacturers invest in all it takes to exhibit their best… innovation, crafted exclusive jewellery, especially for the show. While the Indian industry looks forward to a successful show, all efforts are being consolidated to show the world what India has to offer.
