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
Okavango Sales
29 january 2015
(Rapaport) - Okavango Diamond Company completed a successful first full year in business in 2014. The Botswana parastatal sold approximately 3.27 million carats for revenue of $552 million during the year, management told Rapaport News. That works out to an average price of about $168 per carat as sales were well within expectations. Having launched its auctions in October 2013, the company is already an important global supplier of rough diamonds and has emerged as a benchmark for rough pricing and demand trends.
Lucara’s changed perception on Mothae: rehashing reports on the ‘promising’ project
28 january 2015
Lucara Diamond announced in November 2010 what it called “excellent” first results from the trial mining programme at its 75 percent-owned Mothae diamond mine in Lesotho. However, recently the company said in a statement that although the resource had been proven to be diamondiferous, Mothae did not meet the “disciplined” investment criteria for its targeted return on capital and its forecast generation of long term free cash flow potential.
India's jewelry market at the turn of the year
27 january 2015
Though the year 2014 saw many ups and downs, it has ended with a sense of achievement for the Indian gem and jewellery industry. And, with renewed confidence, the industry players seem to be ready to take on the coming year, head on. While trading did not have the usual vigour in the diamond district of Mumbai during the month of December, liquidity concerns among diamond manufacturers were significantly high due to the current bank-financing scenario prevalent in the country.
Remarks by Philippe Mellier, Chief Executive, De Beers Group at the January Sightholder Cocktail Event in Gaborone
26 january 2015
Last Tuesday, Philippe Mellier, CEO of De Beers Groupspeaking at the annual cocktail event for sightholders gave an overview of the current situation in the diamond industry and said that it is approaching one of the greatest periods of opportunity in living memory, calling to unlock the full value presented by the industry’s outstanding fundamentals.
Creating a Hub for Fancy Color Diamonds
23 january 2015
(Rapaport) - The Fancy Color Research Foundation was launched in November to promote transparency and enhance consumer demand for fancy color diamonds. The foundation has access to data collected over the past decade about the fancy color diamond market and has developed a price index to track changes in price for pink, yellow and blue diamonds. Rapaport News recently spoke with Eden Rachminov, of Rachminov Diamonds 1891, who serves as the chairman of the foundation's board.
