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
De Beers’ Secrets Revealed: Here’s What You Need to Know
21 november 2014
(Diamond Investing News) - Diamond giant De Beers’ share of the rough diamond market has fallen substantially from its peak of over 80 percent in the 1980s, but the company still has a bit of a shady reputation. Indeed, as industry expert Paul Zimnisky said earlier this year, many outside the diamond space believe De Beers’ monopoly remains in place, viewing the company as the disingenuous entity described in Edward Jay Epstein’s famous 1982 Atlantic article. However, in reality those days are long past.
Giant Diamonds Lure Investor Cash to Botswana
20 november 2014
(The Wall Street Journal) - In a quiet room behind several sets of bulletproof doors, N.B. Parag turned a 141-carat rough diamond in his hands. The golf-ball-size rock was too big for a ring finger, but just right for an investment portfolio. “People that buy big stones are invested in their value,” said Mr. Parag, a director at Karp Group, an Indian diamond manufacturer and retailer. He says about half the large stones he sells end up in the vaults of wealthy customers who see diamonds as a long-term store of value.
Shares In Karelian Diamonds On The Move As More Prospective Results Emerge From Kuhmo
19 november 2014
(minesite.com) - Shares in Karelian Diamonds jumped by more than 20 per cent in early trade on 13th November, although the gains were pared later, after the company announced the discovery of kimberlite indicator minerals at one of its prospects in the Kuhmo region of Finland. The Havukkasuo project lies to the north-west of Karelian’s flagship Seitapera project, which is the largest known kimberlite pipe in Finland. The company recently expanded its position in Kuhmo after the Finnish government granted several claims at the end of October, following a lengthy wait.
De Beers Value Proposition
18 november 2014
(Rapaport) - The analyst presentation that De Beers published this week on behalf of Anglo American was as revealing as the company’s much publicized Diamond Insight Report. Whether this was a once-off publication or not, the presentation was another step that De Beers took to open up to the industry and investors alike.
Crisis or Cry Wolf: A Reality Check
17 november 2014
(Rapaport) - The yo-yo is a simple toy that was invented by the ancient Greeks in 500BC. The yo-yo is thrown downwards, hits the end of the string, winds up the string toward the hand, then it is grabbed, ready to be thrown again. The word “yo-yo” has as many as 12 times more synonyms than antonyms. Perhaps the best synonyms are “blowing hot and cold” and “sudden change in behavior.” We diamond traders have frequently been through yo-yo-type situations. Perhaps that explains why our exuberance turns into disinterest very quickly. The market currently seems to be at a low point. Going forward, I am betting that the situation and the industry mood will only get better from here.
