News
De Beers cut diamond prices but manufacturers see no respite to their woes
Diamond manufacturers say the price reductions implemented by De Beers for smaller rough diamonds at this week's sight are insufficient to help their profitability.
Today
Global gold demand up 3% in Q1 2024 - WGC
According to the Gold Demand Trends report by the World Gold Council (WGC), global gold consumption increased 3% in the first quarter of 2024 to 1,238 tonnes, marking it as the strongest first quarter since 2016.
Yesterday
KEFI makes good progress at Ethiopia’s Tulu Kapi gold project
KEFI Gold and Copper says the remaining finance syndicate board processes are on track for final approvals this month, while project launch preparations have commenced at the Tulu Kapi gold project in Ethiopia.
Yesterday
Saudi Arabia holds talks with Pakistan on Reko Diq gold-copper project stake
Saudi mining company Manara Minerals is holding talks in Islamabad to buy a stake in Pakistan's Reko Diq gold-copper project, the Pakistani government announced.
Yesterday
Copper 360’s underground copper mine to open ahead of schedule
Copper 360’s first development underground at the Rietberg Mine in South Africa is set to commence within the first half of the year, about three months ahead of schedule.
Yesterday
What’s Causing China’s Diamond Slump?
02 may 2024
(rapaport.com) - In mid-2023, as China’s real-estate crisis lingered, property firms started to offer gold bars as an incentive to buy their apartments. The property slump, along with several other factors, is having a marked effect on consumer confidence and the diamond market.
Guarding bullion: Mineral extraction tax on gold in Russia increases
24 april 2024
(iz.ru) - The Council of Federation has approved the law on increasing the mineral extraction tax (MET) on gold. It is aimed at offsetting the losses of federal budget revenues from the declined exports. In addition, the Ministry of Finance is considering the possible abolition of an export duty when an increased MET is imposed. The Izvestia newspaper found out the effect of such a move on the market and budget, and why it makes sense to abandon export duties on precious metals.
Green Hydrogen Will Become The 21st Century Version Of Oil
19 april 2024
(forbes.com) - When green hydrogen gets its legs, it will become the ‘new oil’—the energy source that drives the global economy. As such, countries are now preparing and forming international coalitions to position themselves for that future.
Indian Lab-Grown Diamond Manufacturers Keep Growing
12 april 2024
(nationaljeweler.com) - Kira Diam, which bills itself as the largest grower of CVD lab-grown diamonds in the world, installed a 25 megawatt solar plant to power its growing operations. It is one of a number of Indian companies investing in the lab-grown diamond segment despite the stones’ declining price.
The Circularity of the Platinum Group Metals
05 april 2024
(lbma.org.uk) - In the platinum group metals (PGM) industry, we largely take for granted that PGMs are recyclable. Value-driven recovery and refining of these metals from their vast range of industrial applications has been quietly taking place for decades. However, increasingly intense regulatory focus on the circularity of critical metals means we can’t rest on our laurels.
