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
Rio Tinto exits Zim diamond mining: What was the stroll that broke the camel’s back?
20 july 2015
Having kept the public guessing for six months, Rio Tinto finally came out in the open late last month as it announced that it had sold its 78 percent stake in Murowa Diamonds as well as its 50 percent share of Sengwa Colliery. It said that its interests in the diamond and coal mines had been sold to a company called RZ Murowa Holdings. Rio Tinto said the future of these assets could be best managed by entities with existing interests in Zimbabwe.
Indian market scene in June 2015
17 july 2015
Mumbai diamond market was slow during the month of June as the industry is going through the lean period with low demand from overseas as well as domestic sector. In light of global market conditions, diamond miners have also reduced rough prices and it is predicted that the market will improve and this year’s buying seasons would be better.
Aging Japanese Swap Old Diamonds for Yen From Eager China Buyers
16 july 2015
(The Washington Post with Bloomberg) - The appeal of gem-encrusted rings and earrings that were part of the luxury fashions of the 1980s and 1990s has faded as the population ages and the economy languishes. In a country that doesn’t have any mines and was the second-largest buyer less than a decade ago, exports of used diamonds are up 77 percent this year, Ministry of Finance data show.
Diamond Storytelling
15 july 2015
(Rapaport) - For those thinking that the ‘A Diamond is Forever’ advertising campaign will easily resonate with millennials, think again. De Beers has a lot of work to do before it relaunches the iconic slogan in late September, as part of Forevermark’s U.S. holiday marketing campaign.
New exchange to help investors see sparkle in diamonds
14 july 2015
(The Business Times) - The diamond sector has long been seen as an exclusive circle for insiders, but a new Singapore-based exchange plans to change that. In a move aimed at establishing the precious stone as a financial asset class in its own right, the Singapore Diamond Investment Exchange (SDiX) will start trading in physically settled diamonds in September, using electronic exchange technology to allow for real-time price discovery and add liquidity to the market.
