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
Results in 2015: ALROSA is worse than usual, but better than De Beers
31 december 2015
(INTERFAX.RU) – The outgoing year was marked for the diamond market by the most significant drop since the 2008 crisis. In this environment, ALROSA was able to adapt to market realities in a more flexible way, taking into account time factors and adjusting its product mix more often. ALROSA managed to be more flexible permiting its customers to refute parts of their monthly purchases in particularly difficult periods for them avoiding to overburden them with excessive rough. De Beers did not allow such liberties to the last minute, trying to charge customers as much as possible.
In Conversation with Laurence Graff, Chairman, Graff
31 december 2015
(luxurysociety.com) - To celebrate the release of the GRAFF Coffee Table Book, Luxury Society shares an exclusive extract by renowned jewellery authority Vivienne Becker.
De Beers Reboots Hunt for Africa's Elusive Diamonds
30 december 2015
(treeangle.co.id) - Crouching in the sun-scorched sand, De Beers geologist Charles Skinner picked up an ashy, white cylinder of rock and looked for shimmering evidence that an ancient volcano was sitting below his feet, containing billions of dollars worth of diamonds. Mr. Skinner is at the vanguard of a new effort by diamond merchant De Beers to uncover the first major diamond mine in at least 20 years. De Beers last year launched an early-stage exploration push, focusing on the desert of southwest Botswana.
Of diamond beneficiation dream in southern Africa and painful reality
29 december 2015
A diamond conference held late November in Namibia heard that the country used to employ up to 2000 people in the diamond beneficiation sector, but now only employs about 700 people. In South Africa, the employment rate in the sector dropped to a few hundreds from a high of 4500 people, while about 2000 others had been retrenched in Botswana. Although, the current weak diamond market had been cited as the reason why the region was experiencing this setback in the sector, analysts, especially in South Africa, placed the blame on government(s) for failing to supply adequate rough to the cutters.
Diamond Story of the Year: Return of Generic Advertising
28 december 2015
(Rapaport) - Star Wars was not the only force making a come-back in 2015. The return of generic advertising brought with it a promise of increased profitability for the diamond trade. Even as numerous stories reflecting pain in the industry vied for our attention in a rather forgettable year, this column chose the re-introduction of generic – or category – marketing as the paramount development for the sector in 2015.
