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...
Yesterday
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...
Yesterday
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...
Yesterday
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.
Yesterday
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.
Yesterday
Refusals Exceed 30% at De Beers March Sight
02 april 2015
(Rapaport) - Pessimism prevailed at De Beers March sight with more than 30 percent of goods refused, according to several sightholders. Negative sentiment at the sight stemmed from a shared belief that polished sales and prices were unlikely to increase in the second quarter of 2015 and that De Beers sight prices have not fallen enough to restore profitability in the industry’s midstream.
Diamond crisis looms?
01 april 2015
(The Botswana Gazette) - Disturbing events are said to be currently unsettling the diamond trade locally and internationally. Things are happening in the diamond industry. Batswana could find themselves facing massive job losses, a collapse in beneficiation and a crumbling diamond economy, as sightholders are busy retrenching and shutting down their factories in the country.
Peregrine Diamonds Announces Transfer of Assets to Peregrine Exploration and Commencement of Exploration Initiatives
31 march 2015
(Yahoo Finance - Marketwired) - Peregrine Diamonds Ltd. ("Peregrine Diamonds" or "the Company") (PGD.TO) is pleased to report that the following diamond properties have now been transferred to its wholly owned subsidiary Peregrine Exploration Ltd. ("Peregrine Exploration"): the Lac de Gras project in the Northwest Territories; the Nanuq and Nanuq North properties in Nunavut. In addition to the properties, Peregrine Diamonds has granted Peregrine Exploration an exclusive licence to utilize its extensive North American diamond exploration database.
Global Diamond Jewelry Demand +3% in 2014
30 march 2015
(Rapaport) - Global diamond jewelry demand rose 2.9 percent year on year to $81.4 billion in 2014, according to industry insight data published by De Beers. The research sets a new high for global demand, but also represents the slowest growth in dollar terms since 2009. The company noted that optimism is highest in the U.S. and India, while growth in China is expected to improve as the year progresses beyond the first quarter of 2015.
Who Buys Jewelry?
27 march 2015
(edahngolan.com) - The US State of the Jewelry Market Report recently released by Edahn Golan Diamond Research & Data offers a rare chance to view the jewelry marked at different angles - so to say an X-ray of the jewelry-inclined populus, - thus raising chances for jewelry promoters to reach out to their consumer audiences in a more subtle way. It appears, for instance, that Greater Cincinnati may turn out to be more preferable for jewelry sellers compared even to Greater New York. And merchants trying to lure business hotshots in their prime of life into buying diamonds are apt to sell less compared to jewelers targeting folks who have long hung up their axes. Thrilled? If you are, the clues are here.
