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
India to increase direct purchases of Russian rough
21 september 2015
Representatives of the Indian diamond industry are getting ready with their proposals for the expansion of direct purchases of rough diamonds from ALROSA.
Products That Intervene In Consumer Lives: What Apple Can Teach The Jewellery Industry
18 september 2015
(GEMKonnect) - I was at the Apple store the other day with my son. We were both looking for phones to buy. I was struck by the fact that even in the middle of the working day, the store was crowded with customers, both men and women, most between the ages of 18 and 30. Technology is the buzzword of today’s global society, so it’s understandable that technology products cut across gender boundaries. It is also natural to expect young people to congregate at outlets that dispense technology at even unlikely times of the day. But why was everybody here at the Apple store?
India, where it all began
17 september 2015
(ehudlaniado.com) - India has the world’s longest history when it comes to diamonds. It was in India that diamonds were first found. The early finds transformed India instantaneously into a diamond consuming market – where maharajas and other nobility wore the first ever jewelry items made of diamonds.
Looking to Lac de Gras
16 september 2015
(resourceclips.com) - An almost 4% increase in global diamond production by value last year coincided with an almost 4% drop in volume. Numbers released August 25 by the Kimberley Process Certification Scheme indicate higher prices kept revenue growing despite lower output. But, should December’s optimistic forecasts hold, demand will call for new sources. Among the most promising locations is Canada, which the Kimberley Process says held its third place spot for global production by value even as Russia pushed Botswana into second place. In fact Canada owes its status to just one region of the Northwest Territories, Lac de Gras, which hosts three current mines, a soon-to-be fourth and an encouraging exploration play.
A Sustained Diamond Supply Surplus
15 september 2015
(Rapaport) - Don’t be fooled by the pitch that touts shortage as a reason for investors to plough dollars into the diamond mining sector. In fact, like many other commodities in the world today, the diamond industry is also drowning in a supply glut. What’s worse, amid all the talk of weaker rough sales, is that global production actually grew in the first half and looks set to continue increasing for the rest of 2015.
