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
Buying and Crying, the Longest Diamond Recession
22 june 2015
(edahngolan.com) - The broad consensus is that assortments were different this Sight, many stating that they were lower, although a few claimed that boxes were improved. Generally, the combination of changed prices and assortments resulted in a mixed report – some said that prices were in effect higher, while others claimed prices were effectively unchanged. This mixed view of the Sight may explain Sightholders’ uncontentious response. Maybe it reflects a loss of interest. Sightholders have accepted that the new pricing policy is here to stay and that their margins will be low for the long haul.
Why De Beers Shouldn’t Use “A Diamond Is Forever”
19 june 2015
(JCK) - Two important bits of diamond marketing news were announced at JCK Las Vegas 2015: 1) De Beers will resurrect its classic “A Diamond Is Forever” slogan for its Forevermark brand. 2) Leading miners are starting a Diamond Producers Association meant (in part) to promote diamonds as a category. Individually, these announcements make sense. Together they don’t.
Meteorite Crash Gave Russia Trillions of Carats of Diamonds
18 june 2015
(guardianlv.com) - A meteorite crash in the Siberian region of Russia which took place millions of years ago, is said to have brought trillions of carats of diamonds along with it. The scientists in Russia have claimed that Russia has a huge diamond field which has enough industrial diamonds to fulfill the entire global market demand for the next 3000 years. The diamond field was discovered during the early 1970s and it is situated under a crater left by a meteorite which crashed close to 35 million years ago.
Diamond Mining In India: Panna Diamond Mines - 1
17 june 2015
Legends have it that India was the only source of diamonds in the world for over 3000 years till diamond deposits were located in Brazil and South Africa. But ironically, India now imports rough diamonds from mining producing countries and miners despite being the largest diamond manufacturing country in the world. Mining activity in the country is almost negligible right now, with some projects like Bunder Project, which was started by the multinational mining company Rio Tinto, but remains currently stalled.
Join the train or you might miss it
16 june 2015
(www.ehudlaniado.com) - Our fragmented industry has embarked on a journey of restructuring. Whilst our sector is gradually growing, our pipeline is gradually shrinking. Vertical integration has started to take off, with upstream companies moving downstream as well as the other way around.
