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
Dealing with Vegas
25 may 2015
(Rapaport) - Expectations are rising for next week’s Las Vegas shows. The various diamond and jewelry trade events that take place each year toward the end of May tend to signal the mood of the highly important U.S. market. That message affects all aspects of the diamond distribution chain. By many accounts, diamond trading is not expected to boom at this year’s shows. However, the shows are expected to restore some confidence within the trade. After all, U.S. diamond demand has been stable in a weak global market place in 2014-15.
RBI takes aim at defaulters
22 may 2015
(DNA) - India’s top banker, it is rumoured in Delhi’s corridors of power, is on a hyperbole to recover the lost cash of India’s nationalised banks and even set a deadline for the same. Raghuram Rajan, the suave chief of the Mumbai-based Reserve Bank of India, has roped in the Prime Minister’s Office (PMO) because he feels that is the best way to get some “genuine action” in solving India’s 10 biggest bank frauds. What is interesting is these defaulters are all prominent real estate, media and diamond firms, all probed by the Central Bureau of Investigation (CBI), the country’s premier investigating agency.
My tanzanite mining experience, albeit at a museum
21 may 2015
Despite some properly high-rising buildings in Arusha, northern Tanzania, the majority of buildings are in a dilapidated state and telephone cables are seen crisscrossing like branches of trees in a thick forest. Development appears to be taking place, somewhat slow. However, there is one building known as the Blue Plaza along India Street that is a symbol of hope.
It houses a company called Tanzanite Experience, which sells polished tanzanite.
Diamonds: Getting your money’s worth
20 may 2015
(PIX11) — From fracture-filled diamonds to synthetic stones and phony certificates, the business of buying a sparkly gem is a dirty one indeed. “We’re shopping for an engagement ring,” said Eric Hammond, who went undercover with PIX11 News to see just how these deals are being made. The saleswoman across the counter is all smiles: “Well, congratulations!” PIX11 News went diamond shopping at some of the most well-known stores and getting the hard sell.
Excess fragmentation in the diamond market and lessons from other industries
19 may 2015
(www.ehudlaniado.com) - The excess fragmentation we are facing in parts of the diamond sector must be addressed to allow the diamond industry as a whole to operate more effectively and to provide the new generations of professionals with more sustainable opportunities to flourish in our sector. We can draw lessons from more consolidated industries.
