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
3Q sales, production figures: ALROSA vs De Beers
30 october 2015
Russian diamond miner ALROSA and Anglo American’s 85 percent-owned De Beers, arguably the two leading diamond producers in the world, recently released their third quarter results. The diamond mining companies had been under pressure throughout the year to lower rough prices as polished prices weaken amid poor global demand. While both companies had been facing a battering from the ongoing soft market, ALROSA decided against scaling down output, while De Beers had done the opposite.
Dinosaurs and change
29 october 2015
(PolishedPrices) - It is funny how some things don’t change. To be told that De Beers has for the second sight in a row, but on a much grander scale, sold substantial quantities of goods effectively at huge discounts is not new, it has all be done before. But, as been said, history does not repeat itself, but it certainly can rhyme with the present, and also, we all know, well I do, that we have an unpleasant habit of repeating mistakes rather than learning from them.
Zim needs to rethink diamond mines consolidation
28 october 2015
The Zimbabwean government said in 2014 that it was planning to streamline operations in Marange by the end of (that) year to improve transparency and revenue inflows. President Robert Mugabe indicated early last year that he would want to see one or two mining firms operating in Marange to improve transparency.
De Beers October Rough Sales Reflect Depressed Diamond Market
27 october 2015
(Rapaport) - De Beers sightholders refused about half of their allocated supply last week, reducing the estimated value of rough sold at the sight to $200 million. The move extends a trend of refusals from previous months, turning the mood at the event somber even as the mining company kept prices stable.
Synthetic Diamonds: Legitimize, Don’t Ostracize
26 october 2015
(Rapaport) – Traders of mined diamonds are divided over how to best respond to the growth of their laboratory-grown counterparts. India’s Bharat Diamond Bourse (BDB) became the second exchange to ban trading of man-made diamonds, ignoring a section of the industry that prefers greater engagement with producers and jewelers of synthetic stones to ensure proper disclosure and transparency.
