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
Sightholders Don’t See Relief in Sight
14 september 2015
(edahngolan.com) - Pop quiz: Rough diamond prices were reduced at Sight 7 by: 13%, 9% or 5%? If you examine the price list, you’ll see that the price of some goods decreased by as little as 2.5%, whereas others were cut by as much as 20%. One report may have been based on a simple average of the discounts and came close to 9%. However, this does not take into account the change in assortments. The consensus among Sightholders seems to be that assortments were lower, if not much lower this Sight.
India’s Market Scene in August
11 september 2015
The success of the IIJS 2015 brought a sense of well-being back to the industry with trading in the diamond district of Mumbai picking up considerably. According to sources, many buyers from consuming centres especially US, were in the market for their annual Christmas purchases. Buyers from other countries like China and Japan were also seen in good numbers, looking for polished goods. But market sources claim that due to the problems in the Asian financial market and payment delays faced recently from Chinese buyers, some Indian companies are wary of making deals on long credit terms.
How Israel Became the World’s Largest Polished Exporter
10 september 2015
(ehudlaniado.com) - Large families have always populated the diamond industry, and for centuries, Hasidic families most of all. They formed the backbone of Amsterdam’s diamond industry, and then Antwerp’s. Early in the 20th century, some of Europe’s Jewish diamond traders and polishers emigrated to form budding diamond industries in new destinations. One of these destinations was Israel, where a new nation was forming. The thirst for talent, entrepreneurship and skill was the lifeblood for the growing economy looking to take part in the global arena.
Op-Ed | Wanted: Arab Brand Ambassadors
09 september 2015
(businessoffashion.com) - The luxury industry faces a catch-22 in the Middle East where brands encounter major obstacles casting Arab celebrities for ad campaigns and magazines. It is a similar situation among high fashion and jewellery brands. While many have successfully harnessed Chinese, Indian and Latin stars of screen and style to serve as ambassadors, Middle Eastern luxury brand representatives remain something of an enigma.
Diamond Centers – Dubai
08 september 2015
(ehudlaniado.com) - Despite its relatively short history, Dubai is an upcoming diamond center that has quickly become an important center for the trade. Offering a modern bourse and a convenient location, Dubai is now a vital rough diamond trading center. Dubai, one of seven emirates that make up the United Arab Emirates (UAE), is a country rich with gas and is an important port in the Persian Gulf. The emirate’s leadership realized that its natural resources would run out one day, and decided to act early by developing other economic ventures.
