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
Sharing Information Enhances De Beers Leadership Position
23 october 2014
(Rapaport) - De Beers published its Diamond Insight Report at the September Hong Kong Jewellery and Gem Fair. The 90-page volume, also available online, provides a snapshot of the state of the diamond industry and outlines trends that De Beers expects will drive the market in the coming decade. Rapaport News sat with Bruce Cleaver, De Beers executive head of strategic and corporate affairs, in Hong Kong to discuss the report’s key findings.
Where De Beers Really Makes Its Money
22 october 2014
(JCK) - In May, executives from Anglo were murmuring that the company overpaid when it acquired De Beers, that it wasn’t delivering the return on capital it hoped. But in Anglo’s latest financial results, De Beers posted first-half profits of $765 million, a 34 percent increase over last year. Headlines proclaimed it the company’s star. But let us not forget why De Beers has become such a star.
Shifting Demand
21 october 2014
(Rapaport) - Diamond prices continued to fall in September maintaining a long-term downtrend that started in mid-2011. Apart from the positive first quarter of 2014, when polished prices rose, average prices have been on a consistent, gradual decline. As a result, September marked the end of another weak quarter for the diamond trade.
Overview of the Belgian diamond market
20 october 2014
(www.idma.co) - Edward Denckens, president of the SBD - the Belgian Diamond Manufacturers Association - published the following overview of the Belgian diamond market in the Summer edition of the SBD's quarterly magazine "De Belgische Diamantnijverheid."
Diamond Dealers Face Loan Drought After Losing Bank
17 october 2014
(Bloomberg) - Antwerp’s diamond dealers, who buy and sell 80 percent of the world’s most valuable gemstones, have lost their bank. The Antwerp Diamond Bank, a source of finance for 80 years to the network of companies that trade, cut and polish in the Belgian port city, will stop lending after a sale by KBC Groep NV to China’s Yinren Group collapsed. It’s likely to make loans scarcer in an industry that relies on debt to buy the dull, rough diamonds that are finished into jewelry.
