News
India tightens standards for gold
India’s new "Good Delivery Gold" standard system establishes requirements for responsible sourcing and traceability. The Gem and Jewellery Export Promotion Council (GJEPC) has called for the swift adoption and international recognition of these standards...
Today
Orion Minerals secures $40m Glencore financing for Prieska mine development
Orion Minerals has secured $40 million in Tranche A financing from Glencore for its flagship Prieska Copper Zinc Mine in South Africa's Northern Cape, after the funding became unconditional following the execution of final concentrate offtake and intercreditor...
Today
De Beers' Q3 output falls 11%, assumes full ownership of Gahcho Kue
Anglo American has reported an 11% decrease in De Beers’ rough diamond production for the third quarter of 2026, down to 6.8 million carats compared to 7.7 million carats in the same period last year.
Today
Critical Metals gets formal approval for Tanbreez rare earth mine from Greenland authorities
US-based Critical Metals Corp. has announced that its flagship Tanbreez rare earth project has received formal mining plan and closure plan approvals from the government of Greenland, paving the way for a 24-year mine life.
Today
Kyrgyzstan begun construction of a $556 million gold mining complex
The project is being implemented by Chaarat ZAAV, a joint venture between Canada’s Silvercorp Metals (70 %) and the state owned Kyrgyzaltyn (30 %). According to Silvercorp Metals’ calculations, once it reaches its design capacity, the enterprise will...
Yesterday
Editorial: An open letter to Rapaport
03 march 2016
(www.schoolofgemology.com) - Dear Rapaport, it was with profound disbelief that I read your press release entitled: Rapaport Launches New Investment Diamond Grading Report. In all honesty, my initial response to this press release was simply: Has Rapaport totally lost their fakakta minds? It’s not enough that the “Rap Sheet” ruined the profitability of the retail diamond markets, or that the effort to “commoditize” diamonds was such an incredibly absurd (read: failed) idea. Now Rapaport wants to promulgate the selling of diamonds to consumers as “investments” like stocks and bonds? YIKES!
Signet Wants All Its Diamonds to Come From Identified Sources. Is That Possible?
02 march 2016
(JCK) - The Kimberley Process is now 13 years old, and while we can spend all day talking about its strengths and weaknesses, it does track an overwhelming percentage of the world’s diamonds and has introduced a lot more transparency into the market than existed before. (Remember, pre-Kimberley, diamonds were regularly reported to be from Switzerland, a country with no mines.) It may not have accomplished everything architects envisioned, but it has led to a more transparent industry. Now, it’s 2016, and Signet Jewelers has announced a new plan that will work toward ensuring all the diamonds it sells are sourced from identified and verified sources. Considering Signet is the largest buyer of polished diamonds in the world, with supply coming from all corners of the globe, that also seems like no mean feat.
Rising Diamond Production
01 march 2016
(Rapaport) - The diamond mining sector is under pressure with production rising to peak levels at a time when rough sales are slumping and polished demand is sluggish. The major miners are holding above-average inventory that they have pledged to release slowly in an attempt to avoid over-supply to a market struggling in the face of its current downturn. If there is one thing the industry needs right now, it is a measured approach in the release of rough supply – at prices that reflect polished demand – to ensure stability and profitability for manufacturers and rough dealers.
A Rare Opportunity to Heal the Industry
29 february 2016
(ehudlaniado.com) - It has been clear to me for about a year that the diamond industry is in a state of crisis. It has also been clear that some of the causes of this crisis are internal industry issues that should be managed internally. In light of this, I concluded that we could and should take advantage of the opportunity presented by this crisis to change some of the fundamentals and heal the industry that puts bread on our tables.
Miners, Manufacturers & the Mechanics of Buying Diamonds
26 february 2016
(ehudlaniado.com) - Before any manufacturing can take place, diamond cutters must first source and purchase rough diamonds. They do so through a system that has evolved over many decades. Recent years especially have witnessed tremendous change as mining companies adapt to the changing marketplace. Manufacturers essentially have two alternatives when it comes to buying rough diamonds. They can either buy directly from mining companies, or they can buy from others companies in the secondary trading market. Both sources present advantages and disadvantages, which I will examine in further detail below.
