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
What is the Price of a Diamond?
01 june 2015
(edahngolan.com) - Not too long ago, I posted a question on Twitter, asking people what they thought was the average price per carat of diamonds. Specifically, I wondered how much, in informed people’s opinion, was the average wholesale price per carat of polished diamonds. Just for fun, pick a figure before reading on, and keep it in mind.
Sight Okay, Retail Not at All
29 may 2015
(edahngolan.com) - If you are trying to see the half-full part of the glass, you’ll hear the voices that say that “De Beers finally got the message and lowered prices.” While that may be true and important, the issue is not only about price, but also about quantity. As the global diamond industry is stumbling forward, the US government has revised its figures on jewelry sales data. According to the updated figures, sales were worse than previously stated. And as for the future, it does not look too exciting either.
Changes Are Reshaping the World’s Diamond Market
28 may 2015
(The New York Times) - Diamonds and bank regulation would not, at first glance, seem to have much to do with each other. But under pressure from government overseers, banks worldwide have become more careful about lending to the murky diamond industry. The resulting squeeze on credit is creating upheaval in the market, with far-reaching consequences for gem wholesalers, as well as the companies that dig diamonds out of the ground.
What It Will Take For The Synthetic Diamond Industry To Be (Un)Successful
27 may 2015
(www.paulzimnisky.com) - Whenever synthetic diamonds are mentioned, identification and disclosure always seem to be the immediate go-to topic of conversation. Personally, I’m more concerned with looking past identification and focusing on what I think will be the two primary drivers of the synthetic industry going forward 1) pricing and 2) distribution.
VIP Diamond Buyers Resist De Beers Pricing That Boosted Profits
26 may 2015
(Bloomberg) - Diamond buyers are leaving stones on the table, prompting De Beers, the world’s biggest producer, to back down on pricing. The reversal is a sign that Chief Executive Officer Philippe Mellier has gone too far with his four-year-old strategy to boost profit by demanding more money from the company’s select group of buyers. That model is coming under pressure as sightholders, as the customers are known, say they’re paying more for rough diamonds than they can sell them for.
