News
Saudi oil companies to engage in lithium production
The Saudi oilfield services company National Energy Services Reunited has announced that its specialized division, NESR Environmental and Decarbonisation Applications (NEDA), has entered into an agreement with the national oil and gas monopoly Aramco...
Today
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
Diamond Market is Looking for Marketing Brainwaves - Analysis
28 september 2015
(Reuters) - The major diamond miners are balancing between the desire to strengthen their positions in the market and the fear of accidentally destroying this market, which is already creaking at the seams because of overproduction, macroeconomic instability and lack of generic advertising. To stay afloat, the industry needs to come up with effective mechanisms of influence on the formation of consumer demand for diamond jewelry, experts say.
New York – Diamond Center
25 september 2015
(ehudlaniado.com) - Unlike the three diamond centers described so far – Belgium, Israel and India – which are principally centers of trading and manufacturing, the US is a different kind of diamond center. While it does contain some manufacturing, the US is mainly a consumer market where the New York City diamond trading center functions chiefly as a gateway to the American market.
Amazon is already pilfering the luxury market: report
24 september 2015
(Luxury Daily) - As Amazon’s penetration into high-income households becomes increasingly apparent, luxury brands are going to need to find new ways to avoid losing to their online-only competition, according to a new report by Shullman Research Center. Through pricing, convenience and selection, Amazon has seen its popularity skyrocket over the past two decades, and data in the report shows that its popularity is positively correlated with household income. The report suggests that luxury brands will have to double-down on efforts at providing things that Amazon cannot or will not provide.
De Beers Invests in Generic Advertising (With an Asterisk)
23 september 2015
(jckonline.com) - Upon hearing that De Beers is wading back into generic marketing—with provisos, which we’ll get to—veteran industry writer Peggy Jo Donahue posted the following on Facebook: Remember, in June, when I told you jewelry industry friends about my young industry friend who shared a last-minute cigarette outside with Philippe Mellier, De Beers Group CEO, just before the Jewelers for Children Gala in Las Vegas? She didn’t know to whom she was speaking, and he only told her he “worked for De Beers.” She proceeded to read him the riot act about how De Beers’ lack of generic advertising had tanked diamond sales in the U.S.! She only realized who he was LATER—when he got up to accept his award as the dinner’s honoree…
Blinging Down Botswana’s Economy
22 september 2015
(Rapaport) - It’s a long way from New York’s Madison Avenue advertising agencies to Gaborone, but for Botswana a lot is riding on the success of the ad campaign De Beers will launch in the coming weeks. Like oil-exporting countries now mired in deficits because their annual budgets were predicated on oil priced at $100 a barrel that’s now well below $50, Botswana faces a similar conundrum created by a drop in the sale and prices of its rough diamonds.
