News
Namdeb seeks State recapitalisation as diamond prices erode revenue
Namdeb Holdings, comprising Namdeb and Debmarine Namibia, has approached the Namibian government for financial assistance as falling global diamond prices cut into revenue, The Namibian reports.
Today
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
We know what gets us into trouble, so why are we still doing it?
11 july 2016
(ehudlaniado.com) - “It ain't what you don't know that gets you into trouble. It's what you know for sure that just ain't so.” This is the Mark Twain quote that kicks off The Big Short, an excellent and classic film. I highly recommend that all members of the diamond industry to see it because we have so much to learn from it. According to Twain, we do not get into trouble by doing the unknown, but rather by doing things that we know to be wrong. This is the situation in the diamond industry today.
How America was conned into buying diamonds
08 july 2016
(nypost.com) - A diamond engagement ring is now as much a part of American wedding culture as a multilayered cake, a first dance and a big white dress. The diamond might be small, medium or large, but the general message is clear: There’s no better way to say “This love will last forever” than with a rock. That wasn’t always the case.
Medium Rare and no Coke
07 july 2016
(polishedprices.com) - It was Frances Gerety, of N W Ayer who came up with what is acknowledged as one of, if not, the most successful advertisement line, ‘A Diamond is Forever’. The genius of this line I believe is that it hit two key targets. Firstly, and most importantly it grasps the key emotional value of a diamond in the context of its attachment to engagements. Secondly, it hints at an underlying and enduring monetary value. I have now read that the Diamond Producers Association (DPA) has come up with a new marketing strategy. Comparing this to ‘A Diamond is Forever’ I have to say that it falls far short in my eyes.
Junior mining in South Africa..? Think again.
06 july 2016
(miningmx.com) - Spare a thought for the junior mining companies. If it’s hard for large mining firms to attract investment and raise capital, then you can bet its doubly worse for the juniors, the intrepid entrepreneurs who are often the lifeblood of tomorrow’s minerals and metals supply. In South Africa, it’s especially difficult for junior miners to gain traction. This is owing to the evaporation of confidence in the country’s regulatory framework, according to bankers, analysts and junior mining executives. A quick look at the Johannesburg Stock Exchange (JSE) tells its own story.
The Rough Guide: Who's Buying Where and Why
05 july 2016
(diamonds.net) - There’s an unusual calm about the rough diamond market as both miners and manufacturers appear content with their performance in the first half of the year. Miners are reporting significantly better sales than last year and managed to reduce some inventory built up in 2015, while manufacturers are seeing improved profit from the rough they’re buying. That’s in stark contrast to a year ago when higher rough prices forced manufacturers to refuse supply, resulting in a slump in sales at De Beers and ALROSA. The lack of profit from rough in 2014 and 2015 prompted many to question the value of long-term supply contracts with the major mining companies. It seems to be less of an issue today. Rough dealers and manufacturers note they’re getting the best value from De Beers supply as the company has kept prices stable since it reduced in January. While ALROSA has not made any significant price adjustments since August, it’s having no problems selling and posted record results in the first quarter. Both companies have implied they’ll limit supply and keep prices stable, at least for the next few months while the polished market is uncertain.
