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
Last Year’s Problems Won’t Go Away, But We Can Improve Things In 2016
27 january 2016
(www.gemkonnect.com) – “As we start out on a new year, I believe we must all approach the challenges that it will undoubtedly bring, with renewed confidence and an optimistic outlook. We all know that the issues that confronted the industry last year are not going to disappear just because a new year has started, but we must also realise that financial and economic challenges are temporary and it is imperative to retain a balanced outlook,” says Ernest Blom, President of the World Federation of Diamond Bourses in an article calling diamantaires to focus on the issues that will provide the biggest tests to their resolve this year.
Retail Economics: Why consolidation could be helping the entire diamond retail industry
26 january 2016
(ehudlaniado.com) - Profit margins for the diamond industry’s midstream manufacturers have been continually eroding. Over the past few years, rough diamond prices have climbed steadily, while polished diamond prices have declined. Ultimately, the consumer determines the price at which the cutters can sell their polished output. The consumer’s decisions at the retail level reverberate back through the pipeline and should affect the decision making of all those involved in our industry. However, there is more to this story.
Diamond Hallmarking Seeks to Make Its Mark
25 january 2016
(Rapaport) - Hallmarking, long used in precious metals, is being promoted as a means to differentiate diamond production as plans for industry-wide chain of custody standards are on hold. Unlike a gold or platinum hallmark, which attests to the composition of the precious metal, a diamond hallmark serves as a certificate of origin to ensure that the diamond has met the sourcing criteria that millennials are demanding.
The Retail Titans of the Diamond Industry
22 january 2016
(ehudlaniado.com) - Diamond retailers are currently undergoing a period of consolidation that has been underway for years. Small independent jewelers are slowly disappearing, replaced by much larger chain stores that are taking significant market share away from the independents. The prime example of this phenomenon is Signet, which in 2014 acquired 100% of Zale Corporation in a $1.46 billion, all-cash deal.
Don't Try To Hide
21 january 2016
(IdexOnline) - One might assume that walking into a Tiffany flagship store on 5th Avenue would be a less personal encounter than entering an online jewelry store and purchasing a diamond from the comfort of one's own home. The truth is, actually, it is completely the other way around. Certain websites today keep record of all your previous purchases. They track your interests, your credit card statements, the products you like, what products you looked at, your name, your maiden name and even the name of your dog that unfortunately passed away since you registered with them.
