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
Consolidation of Zim diamond mines needs careful handling
23 april 2015
The ruling Zimbabwe African National Union Patriotic Front (Zanu-PF) party said at its 14th National People’s Conference in December 2013 that there is need to streamline the number of diamond miners in Marange.
How Dealers Are Trying (and so Far Failing) to Influence the Rapaport List
22 april 2015
(JCK) - A few weeks back, about 20 major Indian manufacturers listed their diamonds on RapNet priced at full “list” (Rapaport) price. The widespread thinking was that they were trying to influence the RapNet price index (RAPI) - and by association the widely watched Rapaport Diamond Report, aka, the Rap List. This week, a release out of Israel said a group of leading traders and manufacturers were following suit: [they] decided to post their diamond stocks at full prices on the RapNet Diamond Trading Network. The decision follows the publication of the latest Rapaport price list, which showed that Rapaport had reduced the prices of a wide range of diamond categories without any commercial justification.
Art Degree Not Needed: New Sotheby’s CEO Offers Technology Savvy
21 april 2015
(Bloomberg) - Tad Smith said he doesn’t know much about art, but that didn’t stop Sotheby’s from tapping him on March 16 as chief executive officer of the 271-year-old auction house.
Year Wrap Up
20 april 2015
(edahngolan.com) - Compared to 2013, sales by specialty jewelers fell 6.2% in November and 4.0% in December, clearly a reason for concern. The declines in the last quarter of the year marked a change in direction after jewelers posted year-over-year increases in the first nine months of 2014. Retailers’ expectations for a low single-digit rise in activity were in place. It may serve as little comfort, but retailers and their suppliers should remember that consumers tend to act in a cyclical manner. This cyclical behavior is not only within the year, but also extends beyond it.
Forced Diamond Merger Renews Investor Fears
17 april 2015
(The Financial Gazette) - The forced merger of diamond firms renewed fears of government clampdown on private investment, which had subsided after a perceived climb-down on the controversial indigenisation crusade. Analysts warned that the latest government manoeuvre to force Zimbabwe Stock Exchange (ZSE)-listed Murowa Diamonds to merge with alluvial diamond firms in Chiadzwa could spell disaster to efforts by government to lure foreign capital into the country, desperately needed to turnaround a now-comatose economy.
