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
Diamonds Pricing Reform
02 february 2016
(ehudlaniado.com) - When considering a diamond’s value, people usually think of the 4Cs – Cut, Color, Clarity and Carat. Over the past year we have stressed time and again the importance of irregularities in determining the value of a diamond. I feel it is time to consider another aspect of irregularities. A balanced assessment of irregularities must be made in the purchase of rough diamonds and wholesale of polished diamonds, and above all when assessing inventories.
Deconstructing De Beers’ $540M Cycle Sales
01 february 2016
(edahngolan.com) - De Beers announced on Tuesday that the total value of rough diamonds it supplied during the first cycle of 2016 was $540 million. This number, and the context in which it was revealed, requires some explanation. It is not the value of the Sight, but rather that and beyond. Just what does this number include?
Diamond Diggers Show Other Miners How to Handle a Global Glut
29 january 2016
(Bloomberg) - A century of first-hand experience in the art of managing markets is helping diamond producers accomplish what the rest of the mining industry has been unable to during the commodity collapse: shut down supply. When diamond prices plunged 18 percent last year, the most since 2008, a quarter of world supply disappeared as the biggest producers, De Beers and Alrosa PJSC, cut output and sales. That wasn’t true for mines unearthing everything from iron ore to copper, where companies like Rio Tinto Group and BHP Billiton Ltd. spent billions on expansions over the previous decade and were reluctant to respond to surpluses even during prolonged bear markets.
Oil and gas, contractors, and diamonds Australia’s fastest declining industries
29 january 2016
(The Australian Mining) - A new IBISWorld report has highlighted petroleum refining, contract mining, and diamond mining as the country’s fastest declining industries in 2016.
Fine Jewelry Sales Up, Rough Prices Down, Optimism Ensues (Unjustly)
28 january 2016
(edahngolan.com) - Fine jewelry sales in the US posted a rise in November, and there are signs that December was alright too. In the last couple of weeks of December, Mumbai diamond traders had a sudden rise in sales, both from the US and China, leading to a burst of optimism that drove demand for Sight goods. De Beers in turn lowered prices – but is this the light at the end of the tunnel?
