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
80% of Stand-Alone Diamond Miners Initiate First-Ever Dividend Within Last 12 Months
29 june 2015
(www.paulzimnisky.com) - Diamond miners are finally showing their potential as four companies in the highly concentrated industry have all announced first-time dividend programs within the last 12 months. Despite a weaker diamond price in recent months due to tightened industry credit availability, a strong dollar, and a slowing of growth in Chinese luxury consumption, diamond miners have remained profitable.
Priorities for the new Diamond Producer Association
26 june 2015
(www.ehudlaniado.com) - The recent announcement of a new Diamond Producer Association is a welcome news. The seven founding diamond miners - from De Beers and Alrosa to Gem Diamonds - who collectively sell over 70% of rough diamonds, aim to “support the development of the diamond sector” through a set of broad remits and an initial annual budget of $6m. More cooperation in our industry could not come at a more opportune time considering the sector-wide challenges we must resolve.
Diamonds Provide Ample Funding to Warlords in CAR
25 june 2015
(Rapaport) - Even though the Central African Republic (CAR) has been suspended from the Kimberley Process Certification Scheme since May 2013, rough diamonds are the largest source of export revenue for the country. In a report, "Warlord Business" by Kasper Agger, the Enough Project detailed how armed groups, the ex-Séléka and the Anti-Balaka, profit from a shadow economy where armed factions, warlords and illicit networks generate millions of dollars through robbery, extortion and the illegal trading of gold and diamonds.
Trying to Fix Supply-Driven Diamond Pipeline Instead of Generating Demand
24 june 2015
(www.linkedin.com/pulse/) - The globe-girdling $70 billion-plus diamond industry of today, is essentially the creation of two deliberate strategies — the controlling of supply in order to maintain price levels and the worldwide promotion of the idea that a diamond was worth aspiring to. For more than a century, diamonds have been a supply-driven industry. That model doesn’t work any more and the global diamond industry is now seriously hurting.
It’s Time To Regulate – And Rename – Lab-Grown Diamonds
23 june 2015
(www.ehudlaniado.com) - It’s time to shine the spotlight on an issue that has the potential to devalue the prized possessions of people all around the world, and harm the livelihoods of millions of workers in Africa and other developing regions. That issue is undisclosed, gem-quality lab-grown diamonds, and the risk that they will penetrate into the natural diamond pipeline.
