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
Organized Synthetics
18 february 2016
(Rapaport) - The natural diamond trade should welcome the establishment of the International Grown Diamond Association (IGDA) announced last week even though it may actually serve as a wake-up call for the industry. For years, the diamond-industry leadership bemoaned a lack of formal communication with their counterparts in the synthetic – or lab-grown – space to resolve issues that weigh down both sectors. Chief among the list of concerns is the threat of undisclosed synthetics being mixed into parcels of natural diamonds. Hopefully, the IGDA will provide such a forum. One can only hope the IGDA will self-regulate as much as the natural diamond industry does, and incorporate the requirements for disclosure and documentation into its mandate. After all, a synthetic diamond found to be sold as a natural diamond also diminishes consumer confidence in its product.
CVD Lab-Grown Diamonds with GIA Natural Diamond Certificates
17 february 2016
(IDEX Online News) – Alibaba, the leading online internet platform for global wholesale trade, has sent special Trade Alerts by email to millions of potential diamond buyers, offering CVD Lab-Grown Diamonds with GIA Natural Diamond Certificates as one of its Top Products of the Week. This offer is a blatant – and ostensibly fraudulent – attack on the Gemological Institute of America’s (GIA) product integrity. Made on behalf of a New Delhi-based supplier of synthetic diamonds and gem simulants, the offer is akin to selling a fake Rolex watch with a genuine Rolex certificate of authenticity and guarantee.
Moody's lowers Anglo credit to junk status
16 february 2016
(miningmx.com) – Moody's Investors Service downgraded Anglo American's long-term credit rating to sub-investment grade saying the UK group faced a more uncertain deleveraging period than expected. It added that restructuring plans - due to be unveiled in more detail on February 16 at Anglo's full-year results presentation - would not necessarily provide the debt relief than initially anticipated. Anglo's senior unsecured ratings of Anglo American and its subsidiaries were lowered to Ba3 from Baa3 while the company's Baa3 long-term issuer rating was converted into a Ba3 corporate family rating "... in line with the rating agency's practice for corporates with non-investment-grade ratings", Moody's said. "Pending further announcements by the company, the rating agency believes that divestments of non-core assets would be difficult to execute in the current environment, particularly at valuations to allow deleveraging from the current level," it said.
Indian gems and jewellery industry in January
16 february 2016
The month saw some fairly active trading in the Diamond district here in Mumbai, with optimism returning to the diamond industry but caution still rules. With overall rough price reduction, polished prices have firmed resulting in a market correction long overdue.
Through the Loupe: Peter Robinson, Manufacturing Manager at Gem Diamonds
15 february 2016
(thediamondloupe.com) - For the first installment of our new series, “Through the Loupe”, that will deliver insightful analysis from a broad selection of diamond industry insiders, The Diamond Loupe sat down with Peter Robinson to talk about Gem Diamonds - miner of some of the largest and highest quality diamonds in the world - and its Baobab manufacturing facility in Antwerp, the current state of diamond miners, investment diamonds, consumer demand and the art of polishing large, high-value diamonds.
