News
Antofagasta Q3 copper output up 7%, annual guidance maintained
Chilean miner Antofagasta has reported that its copper production increased by 7% in the third quarter of 2026 to 151,900 tonnes, compared to 142,000 tonnes in the same period a year earlier.
Today
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
Global Rough Diamond Production Estimated to Hit Over 135M Carats in 2015
19 march 2015
(www.paulzimnisky.com) - Based on an analysis of the world's 54 largest diamond mines (see bottom figure), global diamond production will reach an estimated 135.5M (million) carats in 2015, which compares with an estimated 131.1M carats produced in 2014. In terms of value produced in U.S. dollars, 2015 production is estimated at $14.0B (billion), compared to an estimated $13.8B in 2014. The world's 10 largest mines by production value are estimated to account for 61% of global production. The 54 mines itemized below account for approximately 85% of global production, with the balance coming from informal artisanal miners primarily in Africa.
Fiera di Vicenza: Success despite Rough Goings
18 march 2015
The organizer of the Fiera di Vicenza exhibitions is not going to slow down even in the extremely tough business environment. Many in the jewellery world consider the exhibition in Vicenza to be revolutionary in many sectors of the jewellery industry.
Business as Usual in Hong Kong
17 march 2015
(Rapaport) - The March Hong Kong show was not a game changer for the diamond industry. If anything, the show signaled business as usual, which lately, hasn’t been great, and trading just about met dealers’ low expectations. There was business to be done. Visitor traffic was a bit light, but there was demand for specific categories of diamonds. Prices held relatively stable at their current low levels and there was neither urgent buying, nor panic selling. Buyers were hesitant as they suspected prices might soften further, but sellers generally held their prices firm even if they compromised a bit to close a deal.
Restoring Confidence
16 march 2015
(Rapaport) - The diamond mining companies need to play their part to ensure profitability throughout the distribution chain. Therefore, the trade should be encouraged that a meeting of the top eight miners took place this month to discuss some of the industry’s most pressing challenges.
ALROSA Feels Weaker Demand, Sizable Inventory Levels in the Pipeline
13 march 2015
(Rapaport) Interfax - ALROSA has not yet revised its forecast for 3 percent growth in rough diamond prices this year, despite a drop in demand for the gems in January and February, the company's first vice president, Igor Sobolev, told reporters. "We haven't yet revised the growth forecast; it would not be right to on the basis of the first two months. Even so, we see demand slackened in January and February. Clients still have sizable stock. We didn't change our prices in January and lowered them slightly in February to support the market," Sobolev said.
