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
We Must Act Against Diamond Industry Fraudsters Now
25 july 2016
(gemkonnect.com) - The diamond industry has of late been wracked by a string of bankruptcies all over the world — India, Antwerp, Hong Kong, Dubai and Bangkok, just to name the main centres. The industry is braced for more to come and what is really worrying is that those who will be impacted most are not those going bankrupt, but those whom they owe money when they go belly-up. The monies owed in diamond bankruptcies sometimes run into hundreds of millions of dollars. A terrible sign of the times is that a bankruptcy with tens of millions owed is now considered “routine”. A business going bankrupt is, by itself, not something that should worry us. Business involves taking risks and sometimes a person makes a miscalculation that is so big, the business cannot recover from it. Bankruptcies are part of life in any business segment. The vast majority of the diamond bankruptcies of late, however, have NOT been a result of business miscalculations, market downturns, or bad timing. They have all been planned, well-orchestrated moves to intentionally defraud other diamond industry stakeholders, particularly banks, of large sums of money. Many of these people — particularly in India — have been declared willful defaulters by the banks and the authorities. And we’re all braced for many more.
Diamond giant calls Calgary home
22 july 2016
(calgary.ctvnews.ca) - Amidst thousands of jobs losses and shrinking head offices in our city, some unusual news: a prestigious diamond company has decided to call Calgary its new home. De Beers is one of the largest diamond mining and processing companies in the world. Like oil, the market for diamonds has dipped. So, in an effort to cut costs, the diamond giant decided to move their Canadian corporate headquarters from Toronto to Calgary.
Fragmented luxury jewelry market calls for elevated digital service
21 july 2016
(luxurydaily.com) - The global jewelry and watch market is expected to grow steadily over the next few years, with total revenues projected to reach $410 billion by 2019, according to a new report from Fashionbi. A growing ultra-high-net-worth population in emerging markets such as Mexico, Brazil, Turkey and India along with strong performance in Asia-Pacific and the United States are expected to be driving forces in the jewelry sector’s predicted rise.
A King’s Ransom for a Good Cause
20 july 2016
(idexonline.com) - The world of luxury is rarely synonymous with charity, but that may be about to change with the company Livoos – a luxury lifestyle e-commerce platform that donates 50 percent of its revenue to charitable causes.
Diamonds Tell A Woman She’s Worth It — That’s What We Should Sell
19 july 2016
(gemkonnect.com) - Many years ago, when I was ‘on the road’, selling loose diamonds to some of the finest retail stores in the US, I came to the realisation that it did not matter how well designed the store was or how well lit the showcases were — if the sales staff didn’t understand what they were selling, they couldn’t do it with confidence. So, together with a work colleague who was not only particularly persuasive but a natural-born showman, we devised sales training seminars aimed at educating and motivating staff. Sales of our diamonds grew. At the time, we were quite revolutionary in our approach. Today it’s a given that brands train staff to sell their product. So why am I telling you this? Because our introduction was to emphasise how rare diamonds are, to talk of their history and romantic powers.
