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
Another world class diamond discovery?
22 april 2016
(Mineweb) - Finding a multi-billion dollar diamond discovery is something that geologist Buddy Doyle dreams of every day. For well over a decade, it’s been his obsession. But it would be foolish to dismiss him as a self-deluded wishful thinker. History bears testament to him being quite the opposite. Which is because he’s done it all before, unearthing a rich diamond deposit — that became the Diavik mine — in Canada’s far north, while still a relatively youthful up-and-comer. This is when he was exploration manager for Kennecott Canada Exploration Inc. — a subsidiary of the world’s biggest mining company, Rio Tinto plc. Within weeks, we’ll know if Doyle can do it again. And he likes his odds, even though they’re still a long shot at best. Now in his 50s, he’s far shrewder and scientifically savvier than the first time around, he points out. He also has the benefit of vastly improved diamond-hunting technology, as well as the collaboration of one of the world’s top diamond-hunting gurus, Dr. Chris Jennings.
Mickey Mouse and luxury shopping in Shanghai: value retail gets set to open massive Disney location
21 april 2016
(jingdaily.com) - As the gigantic Shanghai Disney Resort gets ready to launch on June 16, Pirates of the Caribbean, Star Wars, and Toy Story-themed attractions and Disney’s largest castle will likely draw many children, but the major attraction for Chinese parents will be nearby—luxury outlet shopping. Located in the new 24.7-square-kilometer Shanghai International Tourism and Resorts Zone (SITRZ) across from the Disney resort at the end of the site’s manmade “Wishing Star Lake” is the second mainland China location for upscale European outlet company Value Retail, which is slated to open ahead of Disney on May 19. At 55,000 square meters with 140 boutiques, Shanghai Village will feature elaborate Art Deco-style architecture modeled after buildings in Paris, Milan, New York, Vienna, and Shanghai. The new location aims to be a destination in itself rather than an afterthought to the theme park thanks to the importance Chinese travelers place on shopping during their trips.
Reframing the Discussion on Diamonds
20 april 2016
(ehudlaniado.com) - For the past year and half, I have been analyzing and discussing the diamond sector. Like any other economic sector, it has its share of ups and downs, and changes in demand, prices, supply, financing, and more. Up to this point the discussion has centered on technical aspects of the diamond sector – how it reacts to change and what changes are necessary to move forward. The discussion now needs to move forward in order to consider diamonds' role in a wider context. From a distance it appears that consumers are primarily interested in very specific goods, and that the industry is fighting tooth and nail to provide these goods. As a result, the main focus has been costs, prices, and profit margins. It is time to expand that focus, first and foremost by thinking about how to take charge of the direction, instead of simply following consumers’ fickle tastes. We need to take control of our destiny.
Jean-Claude Biver: ‘The Watch Industry Is Not in Trouble, The World Is.’
19 april 2016
(businessoffashion.com) - The president of LVMH’s watch division has always been a disruptor. But with the Tag Heuer Connected watch, has he got the solution to a Swiss watch industry in decline? “The industry is not in trouble, the world is in trouble,” he says. While he’s currently charged with running TAG Heuer (of which he is chief executive), Hublot and the lesser-known Zenith, outside watch circles, the name of Jean-Claude Biver carries little weight. But inside those circles, the JCB initials alone induce reverence. At times like these, the industry looks to Biver for answers. What is he doing to reverse the trend? Last year he slashed the prices of TAG Heuer watches, repositioning the brand for a younger audience after a decade spent pursuing the super-rich with low-volume, six-figure complications. At the same time, he signed Cara Delevingne, Cristiano Ronaldo and most recently Formula 1 upstarts Red Bull Racing. Then in November last year, TAG Heuer released its TAG Heuer Connected, Switzerland’s most aggressive answer to the Apple Watch. He claims it’s flying off the shelves. “If you have never worn a watch, the effort to wear a watch is much bigger than if you have been wearing an information tool on the wrist since you were 15 years old. The Connected watch is the best promotional tool for the mechanical watch,” Biver says.
Will Upbeat Rough Demand Slow the Diamond Market Recovery?
18 april 2016
(Rapaport) - Rough diamond trading was surprisingly buoyant in April given that polished demand is restrained and inventory levels continue to rise. After a good first quarter, in which rough and polished trading was driven by restocking of the midstream, concern deepened this month that an oversupply of polished diamonds will pressure the market.To avoid a repeat this year would require manufacturers to adopt a cautious approach in their polished inventory management and rough purchases. De Beers too has adopted a “prudent mindset,” according to chief executive officer Philippe Mellier as he acknowledged “we are now moving into a part of the year where rough diamond demand has historically been lower.” Manufacturers ought to assess how they can sustain the positive experience of the first quarter through the slower season and beyond. It would certainly be a shame if the longer term momentum were broken by a build-up of excess inventory yet again.
