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
Another 20%?
16 october 2015
(polishedprices.com) - This weekend, I read an article that Anglo American is softening up its shareholders for a possible cut in their dividend. The idea that anyone could have thought that Anglo could continue to splash out $1 billion in dividends given the state of the commodities markets and in particular the diamond market, struck me as slightly surrealistic. De Beers contributed 37% of Anglo’s profits last year and 27% of its first half year profits; and looking to the second half, I dread to think just how small the number will be.
Election of ALROSA representative to the position of WDC Vice President will strengthen diamond mining industry
15 october 2015
The World Diamond Council (WDC) completed its general meeting in Moscow on Tuesday. Such meetings are held annually to discuss and formulate the industry position on issues pertaining to the activity of Kimberley Process. The participants of the meeting discussed the interaction with Kimberley Process aimed at excluding "conflict" diamonds from international trade and improving the control system over diamond trade.
Andrey Zharkov, President of ALROSA gave a welcome speech at the WDC meeting in Moscow
15 october 2015
The World Diamond Council (WDC) held its annual general meeting in Moscow on 12-13 October to discuss issues related to the work of the Kimberley Process (KP) and the diamond industry, as well as strategy for further development of the Council. Andrei Zharkov, President of ALROSA (the company was hosting this event), took the floor to welcome the participants of the meeting. And here is what he said:
SA diamond sector dying on the vine
14 october 2015
(miningmx.com) – South Africa’s diamond industry is shrinking to alarming levels and nothing is being done by the country's government to nurse it back to health again. South Africa’s largest diamond cutting and polishing company, Zlotowski’s Diamond Cutting Works, recently announced that it intended closing its doors. The company has operated primarily in Johannesburg with another branch in Newcastle in KwaZulu-Natal province, and is a subsidiary of the Hong Kong-based firm Chow Tai Fook – considered to be a global giant among the listed jewellery companies.
Want to Make a Diamond in Just 10 Weeks? Use a Microwave
13 october 2015
(Bloomberg) - The 2.62-carat diamond Calvin Mills bought his fiancée in November is a stunner. Pear-shaped and canary-yellow, the gem cost $22,000. A bargain. Mills, the chief executive officer of CMC Technology Consulting in Baton Rouge, La., says he could have spent tens of thousands more on a comparably sized diamond mined out of the earth, but his came from a lab.
