Tharisa meets FY2026 guidance, Karo Platinum fully funded as net debt swings to $51m

Tharisa has reported full-year production in line with guidance for both platinum group metals (PGMs) and chrome concentrates, while confirming its Karo Platinum project in Zimbabwe is now fully funded following a $300 million bond issue.

Yesterday

Israel’s diamond sector poised for revival following tax reforms and De Beers comeback

De Beers, one of the world's major diamond market players, has announced the resumption of its operations in Israel after a nine-year absence, which became the latest sign of revival of the diamond industry in the country.

Yesterday

Kefi Gold and Copper restarts Tulu Kapi development after safety review

Kefi Gold and Copper has resumed development at its Tulu Kapi gold project in Ethiopia following a suspension that began on September 7 after a serious safety incident three days earlier.

Yesterday

Nornickel implements smart melt monitoring system

Norilsk Nickel has installed a smart melt monitoring system at its metallurgical plant in Norilsk in collaboration with Reksoft. The system uses computer vision to assist the converter operator in identifying phases during the tapping process.

Yesterday

ALROSA to help amplify Arctic agenda at UN

In preparation for the 31st UN Climate Change Conference (COP31), ALROSA experts and other stakeholders from Russia discussed a unified approach to strengthening the country’s position and the Arctic agenda at UN climate conferences.

Yesterday

Lab and Marriage: The Rise of Synthetics in Bridal

18 october 2022

(diamonds.net) - Engagement-ring shoppers are increasingly courting grown diamonds so they can get more carats for their money. Like many merchants, Andrews Jewelers in Buffalo, New York, has been seeing an uptick in sales of lab-grown diamond engagement rings. In fact, this segment makes up some 65% of the store’s total engagement ring sales — much to owner Andy Moquin’s chagrin. “I don’t like selling them, but I can’t ignore what consumers want,” he says. Other retailers find themselves in a similar situation. Gabe Arik, co-owner of Happy Jewelers in Fullerton, California, fields requests for lab-created diamonds in engagement rings daily. He, too, estimates that synthetic-diamond rings account for 65% of his bridal inventory sales. In Philadelphia, about half of the diamond engagement rings that jeweler Sydney Rosen sells feature synthetics, according to owner and president David Rosen.