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
Buyers and prices have been picked out for ALROSA
04 july 2016
(kommersant.ru) - As the Kommersant Daily came to know, the preliminary price of the 10.9% stake in ALROSA to be floated could reach RUB 57 billion ($ 889 million). Three minority shareholding funds, OppenheimerFunds, Lazard and Genesis, may become anchor investors, according to Kommersant’s sources, as they are willing to spend about $ 450 million to buy a 5.5% stake in the diamond miner. Russia-based non-state pension funds are being pro-actively attrated to take part in the company’s SPO, including the funds of the placement organizers, which are Sberbank and VTB. The decision regarding this equity offering is to be made this week at a meeting with Igor Shuvalov, First Deputy Prime Minister.
Miners fight Govt as Zimbabwean expropriations begin
04 july 2016
(miningmx.com) - On May 30, Kuda Mahobele, acting MD of Zimbabwean chrome producer ZimAlloys, took receipt of an unusual parcel. The contents of the parcel, a letter from the government, were not what he expected. Mines minister, Walter Chidhakwa, who had been negotiating with the country’s largest chrome miners to release ground back to government, had confiscated half of the mining claims held by Mahobele’s company. The letter, signed by Mines Permanent Secretary, Francis Gudyanga, read: “Despite repeated efforts to have a common understanding, you have remained evasive with regards to this matter. “Therefore, we will be giving you up to the 7th of June 2016 to present the claims to be handed over to the Ministry (of Mines) or risk the claims being acquired at our discretion and without notice.”
ALROSA is already sold
01 july 2016
(vedomosti.ru) - Long-term investors may buy out 70% to 100% of ALROSA’s shares put up for sale within its secondary public offering on the stock exchange, Interfax reported citing two sources close to the preparation of this deal. The SPO can be held in the next two weeks, according to the sources of the Vedomosti Daily. The sources of Interfax claim that the transaction will take place in the form of accelerated collection of applications.
My Secret to Setting Record Prices for Diamonds
01 july 2016
(ehudlaniado.com) - Over recent years, I have extensively discussed several key principles: the need for transparency in polished diamond prices; the importance of knowing transaction prices of polished before buying rough diamonds; the necessity for full disclosure of information about any diamond offered for sale; and above all, the central role that rarity plays in long-term diamond value. Together, these principles provide the framework to purchase an asset that has a resale value. All of the principles above were at play with each of my record transactions. Let’s take the Blue Moon for example (later renamed by the buyer, The Blue Moon of Josephine). I, along with several other experts, examined the diamond closely. We considered what could be polished from the raw stone, and then placed a bid for it based on our understanding of the market. “Understanding of the market” may seem like a vague description, so allow me to explain. When looking at a rough diamond, you need a great deal of expertise in order to assess the best way to polish it. With the possible outcome in mind, you valuate the potential price the polished diamond could be sold for. The latter requires carefully tracking the market, knowing transaction prices of diamonds of the same color, clarity, size and any possible irregularities the diamond may have. Armed with that knowledge, my company Cora International, placed a bid for the rough diamond that reflected its potential polished outcome, the cost of planning and manufacturing the rough diamond, target profit, which we subtracted from the expected selling price. We went through the same process with the 110.3-carats, Fancy Vivid Yellow, VVS1 Clarity, pear-shaped Sun Drop Diamond, and the same again with the more recent Unique Pink. Both diamonds were mined in South Africa. After winning the bids for these stones, we polished them with magnificent results. We submitted the stones to GIA and after the grading, asked the GIA to produce a monogram for the stones. A monogram is a detailed book which relates everything there is to know about the diamond, including its history and the history of similar diamonds. While this is not done for every diamond, at its core, it is precisely the process I have been advocating for diamonds in terms of transparency. Let every potential buyer know as much as possible about the diamond. With all this in hand, the diamonds were ready to be sold.
China’s luxury travel market in 2025: slower growth rate will still be world’s largest
30 june 2016
(jingdaily.com) - A new report by travel technology group Amadeus has a cautious outlook on the future growth of luxury trips taken by Chinese consumers based on the repercussions of China’s ongoing anti-corruption crackdown. The report, which looked at high-end travel trends across the globe, found that China’s luxury outbound travel market will experience larger overall double-digit growth at 12.2 percent compared to Europe’s until 2025. However, that growth will slow during this time period, while Europe’s will continue to steadily rise. The projected compounded annual growth rate for Europe until 2025 is 6.7 percent, while it’s 5.9 percent in the Asia-Pacific region.
