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
Rough Diamond Market Stand-Off May Yet Prove Costly
21 december 2015
(Rapaport) - Now that 2015 is coming to an end, mining companies are reportedly preparing to reduce rough diamond prices in January. Having held off from doing so in the fourth quarter of this year, the industry may be missing an opportunity to capitalize on an expected seasonal improvement in polished demand at the beginning of 2016.
Transparency offers clearer, brighter future for diamonds
18 december 2015
(ehudlaniado.com) - To date, we have highlighted diamonds’ exchange value while all along calling for greater transparency. One of the most significant issues in understanding the value of diamonds is the many components of its value-determining characteristics and the complex interplay between them. Consumers had no way of valuating diamonds, of unlocking the valuation complexity. They often relied on an expert, usually a specialty retailer, to reveal these intricacies. In this article, we will show how transparency helps consumers reach informed decisions.
The unstoppable rise of mid-priced jewellery
17 december 2015
(The Telegraph) - The rise of mid-priced jewellery isn’t a trend that has been making industry headlines, but it’s one of the few new trends that can be both easily integrated into your wardrobe and that will last more than just one season – it’s not just for Christmas. Mid-priced jewellery could also be termed affordable luxury. It sits exactly half-way along the food chain: it’s not the cheap-and-cheerful high-street offering, but nor is it the wildly expensive pieces to be found on Bond Street.
How Botswana Will Find Independence
16 december 2015
(Rapaport) - Fifty years on from independence, Botswana still finds itself in desperate need of improvements in its economic diversity. Its unsustainable reliance on diamonds is the reason why. That much was evident at an industry conference recently held in Gaborone.
The Indian Diamond Industry Needs To Stem The Rot
15 december 2015
(gemkonnect.com) - “Something is rotten in the state of Denmark!” The line, one of the most recognisable from Shakespeare, is spoken by Marcellus, an officer of the palace guard. He is shaken by the many recent disturbing events and no doubt angered (as is Hamlet), by Claudius's mismanagement of the body politic. His famous line sums up everything he wants to say about the moral and political corruption of an entire system. In modern-day idiom, the line is used to describe corruption or a situation in which something is wrong. It would be appropriate to use the line in describing the state of affairs in the Indian diamond industry today.
