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
De Beers Said to Cut Diamond Prices in First Sale of 2016
20 january 2016
(Bloomberg) - De Beers cut diamond prices further in its first sale of the year as the biggest producer struggles to counter slowing demand, according to three people familiar with the process. The unit of Anglo American Plc reduced prices as much as 7 percent, said the people, who asked not to be identified as the information is private. De Beers plans to offer about $450 million of diamonds for sale, one said. A company spokesman declined to comment.
South Korea Bounces Back for Chinese Luxury Shoppers
20 january 2016
(Jing Daily) - As Hong Kong continues to struggle to bring back visitors from mainland China, South Korea’s MERS-led slump appears to be over as Chinese tourists flood back in. Recent statistics reported that the number of Chinese tourist arrivals to South Korea was 650,174 for October, marking a 15.6 percent year-on-year increase—the first time growth has reached double digits since the start of the MERS outbreak in May.
Government excludes Russian firm from diamond merger
19 january 2016
(allafrica.com) - Diamond mining firm, DTZ-OZGEO, a joint venture outfit between Econendra of Russia and the Development Trust of Zimbabwe (DTZ), will be excluded from government’s planned consolidation of all diamond mining companies, according to a report posted by the Financial Gazette (Harare).
Diamond Banking, Not A Level Playing Field
18 january 2016
(ehudlaniado.com) - While companies in the West are closely scrutinized by authorities and subjected to rules and regulations, Indian companies have easier access to funding thanks to laxer regulations. While in Belgium, Israel and New York, diamond companies must hold assets and stand bare in front of the banks with very detailed documentation about their day-to-day operations, their Mumbai counterparts receive financing in much more favorable conditions, such as credit facilities against business projections. And herein lies the problem.
The World of Diamond Retail Demographics
15 january 2016
(ehudlaniado.com) - As consumer preferences and buying patterns change, diamond jewelry retailers are adapting their products and marketing in response. The most successful retailers are leading the way by creating new choices for consumers to spur sales. For multinational brands, different markets different approaches and the development of unique sales strategies. In his series of articles, Ehud Arye Laniado takes a detailed look at diamond jewelry retailers.
