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
Standard Chartered Said to Curb $2 Billion Diamond Exposure
15 april 2016
(Bloomberg) - Standard Chartered Plc is demanding more loan protection from clients in the Indian and Belgian diamond trade as the bank seeks to tighten standards, according to people with knowledge of the new policy. After lending about $2 billion to the industry, the London-based bank is asking diamond-processing clients to get payment insurance or provide 100 percent collateral, said the people, who asked not to be identified as the matter is private.
Why We Need A KP-Like Coalition To Tell Of The Good Diamonds Do
14 april 2016
(gemkonnect.com) - "The evil that men do lives after them; the good is oft interred with their bones." William Shakespeare’s lines for Mark Antony’s eulogy of Julius Caesar after his murder by a cabal are known all around the world by almost everyone who ever went to school. The lines also resonate unfortunately for the global diamond industry. Too many around the world only remember the evil of brutality and slavery that conflict diamonds spawned. Too many visualise some sort of rapacious destruction of a fragile environment. Very few speak of the good diamonds have done for some of the poorest people in the world. Of the positive influence on communities in literally every single continent barring uninhabited Antarctica.
Second-Hand, Does Not Mean Second-Rate
13 april 2016
(idexonline.com) - De Beers’ announcement that it is rolling out a re-selling platform is a really wise move. The International Institute of Diamond Valuation (IIDV) has been set up to take some of the mystique out of buying on the secondary diamond market. It hopes that it will be able to offer consumers more accurate and attractive prices, while increasing the transparency in the reselling process. This is such positive news, because one of the most consistent complaints leveled against the secondary diamond market is its opacity, coupled with consumer confusion that ticket prices are not always so dissimilar from regular retail.
Rosy blue also in HSBC list: Diamond dealers are tax haven’s best friends
12 april 2016
(indianexpress.com) - Indian diamond merchants whose names figured in previous lists of accounts in Liechtenstein, British Virgin Islands and HSBC Geneva — all three were investigated and first reported by The Indian Express — have surfaced again in the Panama Papers. In the Mossack Fonseca files, there are at least 24 offshore companies linked to the Rosy Blue conglomerate and these are shown to have been registered in the tax havens of British Virgin Islands, Seychelles, Anguilla and Mauritius.
India has to choose between saving its tigers or becoming one of the largest diamond producers
11 april 2016
(Quartz) - India has a tough choice to make. Will it be a Rs20,520 crore ($3 billion) diamond mining project or one of the world’s most beautiful wild beasts and nearly 1,000 hectares of pristine forest with other exotic flora and fauna? For close to a decade, this question has riled decision-makers in the country as they have weighed the pros and cons of letting Rio Tinto, one of the world’s largest mining companies, look for diamonds under the Chhatarpur forests in the central Indian state of Madhya Pradesh.
