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
Diamond Marketing – The Path Forward
25 december 2015
(ehudlaniado.com) - The consumer goods and services market is cluttered with a plethora of options competing for consumer’s limited resources. Technology is developing rapidly and leading to a leap in new product development on a scale not seen since the industrial revolution. Only an educated and coordinated marketing effort on behalf of stakeholders in the industry will safeguard diamonds as a premier purchase choice amongst the many rival alternatives.
Dominion Diamond stock surges after hedge fund pushes for overhaul
24 december 2015
(The Globe and Mail) - Shares of Dominion Diamond Corp. jumped on Tuesday following news that a Toronto-based hedge fund is pressing for sweeping changes at the Arctic miner. K2 & Associates Investment Management Inc. released a letter on Monday in which it said that Dominion’s share price had “suffered excessively and unnecessarily as a result of misguided policies and missed opportunities” and pushed for a meeting with independent directors of the Toronto-based miner to discuss how to halt “the continued erosion of shareholder value.”
Illicit diamonds
24 december 2015
(resourceclips.com) - Confidence in the Kimberley Process took another blow with allegations that it’s being used to certify conflict diamonds from Brazil. Environmental degradation and corrupt practices of illegal miners and traders threaten indigenous tribes with “cultural genocide,” journalists Fellipe Abreu and Luiz Felipe Silva wrote in Folha de S.Paulo in late September. An English translation appeared on InsightCrime.org on October 14, two weeks after Amnesty International released a report alleging KP failings in the Central African Republic.
Less Conspicuous Spending Could Still Boost Sales
23 december 2015
(IDEX Online) - At the June Financial Times Business of Luxury Summit in Monaco, Johann Rupert, CEO of Richemont warned the luxury sector that due to rising social inequality, the “haves” would be far more reticent about showing off their wealth. Rupert was not the first billionaire to sound the alarm about the consequences of a growing wealth gap.
Singling out Singles Day
22 december 2015
(blog.nationaljeweler.com) - It’s being reported as bigger than Black Friday, Cyber Monday and Facebook’s total revenue last year, and it’s something retail jewelers should take note of: Singles Day. Alibaba.com, China’s largest e-commerce company, held its annual 24-hour online sale that marks Singles Day, a Chinese celebration for single (unmarried) people, celebrated on Nov. 11 (11/11) for the date’s connection between singles and the number one. When midnight struck on Nov. 11, Chinese shoppers had bought $14.3 billion worth of merchandise through Alibaba alone.
