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
It’s Demand, Not Credit, That Eludes the Industry
24 august 2015
(Rapaport) - We got a sense that liquidity has improved in India’s diamond sector. It’s not that credit taps are flowing once again; they aren’t. Instead, having drastically chopped their purchases of rough, slashed other costs, and collected pending payments on polished invoices, diamond manufacturers are simply less worried about cash flow than they are about demand and profit margin.
The booming bear: the story of Russia's diamond industry
21 august 2015
(ehudlaniado.com) - Diamonds were discovered in the frozen tundra of the Russian republic Yakutia in the 1950s, instantly transforming the Soviet Union into an important diamond country. Today, Russia is not only exceptionally rich with the resource, it is also an important center for trading, manufacturing, researching and consuming diamonds.
The drama of discovery
20 august 2015
(Resource Clips) - Calling it an “exceptionally rare” occurrence, Kennady Diamonds TSXV:KDI geologists spotted a macro diamond while logging drill core from the Faraday 2 kimberlite on July 15. It was the second such find in a year for the Kennady North project and probably rendered less than momentous by foreknowledge that the pipe did in fact contain diamonds. Even so, the event brings to mind a dramatic moment in Canadian diamond history.
Diamonds in Crisis: Call for an Overhaul
19 august 2015
(ehudlaniado.com) - It was a turbulent second quarter for the diamond industry in 2015. A series of events served as amplified versions of trends from the first quarter. Weak consumer demand continued unabated; Sightholders and other first-hand rough diamond buyers refused more goods than ever as the midstream adjusted by decreasing retail demand; and diamond miners reported sluggish business.
Carnage in diamond cutting industry
18 august 2015
(Mmegionline) - The massive retrenchments in the domestic diamond cutting and polishing industry continues unabated as companies reel from the effects of high rough prices and lack of liquidity. According to information reaching BusinessWeek, another local cutting and polishing company, Diacore has retrenched 50 employees taking the total number of affected workers in the industry to around 1,000 in the past year.
