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
A Rough Year for the Diamond Industry: Diamond Imports & Exports Update
31 may 2016
(ehudlaniado.com) - As anyone in the diamond industry is well aware, 2015 was a challenging year for almost every business in the trade. From a problematic rough to polished price imbalance, to ongoing economic malaise in Europe and reduced consumption of all luxury goods in China, 2015 was a year that many would like to forget. The numbers are now in, and we can see exactly what happened in many of the key trading centers of the world.
Philippe Says Adieu: The Change at De Beers and What It Means
30 may 2016
(jckonline.com) - Philippe Mellier was always an odd choice to head De Beers—he was not just the first outsider to serve as CEO, but he came from the transportation business and had no experience in either mining or marketing. What he did have was an impressive résumé, with extensive experience heading large organizations. Mellier’s tenure was marked by tremendous change and turmoil. As CEO, Mellier made a series of bold moves, although the jury is still out on many of them. His departure had been rumored for a while, after his name surfaced as a candidate to head Air France. (He didn’t get that job.) Still, while many sightholders were not always big fans of Mellier, some winced at the prospect of a new CEO. After all the turmoil last year, they felt they had arrived at something of an understanding with Mellier.
Botswana’s Trojan horse
27 may 2016
(mmegi.bw) - Far from the usual tales of corporations looting Africa, Botswana’s primary corporate partner, De Beers, has been involved with the government in what is considered as one of the world’s longest public-private partnerships. De Beers has gone so far as to give Botswana a 15% share in the corporation. Botswana has even established a sovereign fund to ensure that the finite resource of diamonds can reap indefinite revenues. But it is also one of the most unequal countries in the world, hosting significant poverty and lack of opportunity. An exceptional diamond agreement revealed by Mossack Fonseca, a Panama-based offshore service provider, obtained by the International Consortium of Investigative Journalists, raises questions about the secrecy that shapes Botswana’s diamond industry.
A New View of Diamonds as Assets, Not Expenditures
26 may 2016
(ehudlaniado.com) - We have already reviewed the existing method for buying diamonds, which is based on the 4 Cs (carat weight, color, clarity, and cut), using a magnifying glass (loupe) with 10x magnification and relying on asking prices benchmarks. We developed a new system based on my vision that diamonds should be bought according to a price list based on market transactional prices. This list is supported by some 400 irregularities which have a material impact, beyond the well-known 4 Cs, on regularly updated diamond prices. There can be huge price differences between the two valuation approaches. These differences not only undermine the ability of buyers to set a price when they wish to realize the value of the diamond which they spent good money on (resale), but the discrepancies also make it harder for financial institutions to precisely value diamond stock. A transparent and precise valuation method can serve financial institutions wishing to extend credit to their customers using diamond stock as collateral. Price differences also erode the level of much-needed financial transparency required for licensing, taxation and accounting with various authorities, and even accounting between partners. The goal of our system is to reflect the value of the diamond using all of its unique components (irregularities) and to arrive at precise diamond pricing with a transparency that is not inferior to the pricing of gold bars, for example.
Swarovski: Lab-Grown Diamonds Are a Big Opportunity
25 may 2016
(jckonline.com) - Swarovski announced it was entering the lab-grown diamond business. Daniel J. Cohen, an executive board member and member of its founding family, spoke to JCK about how the European super-brand sees the category.
