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
Who’s Buying the Rough?
18 may 2015
(Rapaport) - Only a handful of the larger mining companies have the scale of production that enables them to guarantee a scheduled, consistent supply of rough to a set group of clients. Therefore, it’s worth noting who the major buyers of rough are in the market, who is selling to them and how.
Illegal tanzanite mining, smuggling: the twin evil facing Tanzania
15 may 2015
Situated in northern Tanzania is a mining (and perhaps tourism) town called Arusha. Here one can find a number of boutique stores selling polished gemstones. However, of all the gemstones mined in areas surrounding Arusha, tanzanite stands out as it was regarded as 1000 times rarer than diamonds.
Developing a Niche in the High-Volume Small Diamond Trade
14 may 2015
(Rapaport) - Ori Fluk is a third-generation Israeli diamantaire who founded Yoshfe Diamonds International (YDI) in 2009 together with his father Abraham. The company, which succeeded a previous partnership called Yahalomei Espeka International (YEI), is a manufacturer of medium-to-high quality round diamonds below 2 carats. Rapaport News recently spoke with Fluk about YDI’s operations and the state of the diamond market.
De Beers seen raking in $470m from “small” May sight
13 may 2015
De Beers is expected to pocket about $470 million from its May sight, which took place recently in Botswana’s capital, Gaborone. The May sight was supposed to be relatively small due to the seasonal nature of rough diamond demand.
Disciplined Diamantaires
12 may 2015
(Rapaport) - The diamond market is slowly becoming more disciplined. It needs to. With high rough prices, declining polished, less available credit and lower retail inventory levels, it has become increasingly difficult for diamantaires to turn a profit. Therefore, they need to carefully navigate the significant changes taking place to improve their position in the market.
