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
Enough, enough….. can’t cope any longer
30 november 2015
(PolishedPrices) - If anyone else sends me another copy of ‘Rough Bubble’, I am going to have to pull another cork to recuperate. I simply cannot cope. Why should anyone think that I would be in the slightest bit interested in what our puffed up L’ Empereur aka Napoleon aka Mr Rappaport should want to say, least of all to hear him demand the resignation of Monsieur Mellier and De Beers dropping its prices by a few thousands of percents… or whatever, I find incredulous.
Why investing in diamonds is not for the faint hearted
27 november 2015
(Mineweb) - The first thing that Yair Shimansky, South Africa’s leading diamond expert has to say about investing in diamonds is: “Buying diamond jewellery is not a financial investment. It’s an emotional investment in your relationship. Walk away from the jeweller who tells you to buy a diamond ring because ‘it is a good financial investment’. You don’t go to a retailer to make a sound financial investment.”
Recycling diamonds: A trend is here to stay
26 november 2015
(ehudlaniado.com) - In recent articles, I have explored the way that consumers make decisions about buying diamonds and diamond jewellery. I have shown how these decisions are affected by age, income level, and geography, and how the relatively recent introduction of gem-quality lab-grown diamonds is giving consumers a significant new alternative in purchasing decisions. Another important market trend is the sale of ‘recycled’ or heirloom diamonds.
Rough Bubble Bust
25 november 2015
(Rapaport) - The diamond industry is undergoing fundamental structural change as the rough diamond distribution system self-destructs amid collapsing rough prices. Frankly, it’s good news. Unprofitable, unsustainable and unfair rough prices have been the bane of our industry. The greatest threat to the diamond industry is that the mining companies will continue to ignore the needs of the trade. So how do we change the position of the mining companies? What must we do? We have to communicate to the CEOs of De Beers and Anglo American that just because you can take advantage of the trade does not that mean that you should. Destroying long-term client trust relationships — the essence of the De Beers brand — while bankrupting the diamond trade for the sake of short-term balance sheet profits is poor leadership at its worst.
Diamonds Aren't Forever for Botswana as Mining Boom Fades
24 november 2015
(Bloomberg) - The honeymoon is over in Botswana, where the diamond industry that led the world has fallen on hard times. The discovery of the gems nearly half a century ago transformed the southern African nation from a dusty farming backwater into one of the continent’s wealthiest societies. Now the diamond mining industry is floundering as jewelry sales stagnate amid a slowdown in China. An index of rough diamond prices hit a five-year low last month. With most diamonds near the surface having been extracted from Botswana’s mines, the gems are also becoming increasingly inaccessible.
