Indian jewellers promote natural diamonds amid competition from lab-grown stones

Falling prices for lab-grown diamonds and their resulting rise in market share are transforming India’s diamond jewellery market and prompting jewellers to take proactive measures.

Yesterday

Ethiopia opens first gold refinery to serve region

Ethiopia has inaugurated its first gold refinery, a $50 million joint venture that the government hopes will establish the country as a regional hub for precious metals processing, Prime Minister Abiy Ahmed announced over the weekend, according to Reuters...

Yesterday

Anglo American bets R11.2B on South African mining's future

Anglo American has reaffirmed South Africa's potential as a premier mining investment destination, even as the company commits R11.2 billion ($677 million) to an ultra-high dense media separation iron-ore project at Sishen in the Northern...

Yesterday

Nornickel forecasts $4 billion in precious metals revenue for 2026 - report

A senior Nornickel representative noted that the company expects to generate $4 billion in revenue from precious metals sales this year.

Yesterday

Russia to build first permanent REM magnet plant

In 2028, Russia is set to start the construction of its first plant for manufacturing permanent magnets from rare-earth metals (REM) in the city of Glazov, to be commissioned in 2029 with an initial capacity of 500 tonnes per year, said Andrey...

Yesterday

Smaller Watches Are the Biggest Timepiece Trend of 2023

09 may 2023

(bnnbloomberg.ca) - Ever since the wristwatch was invented, its makers have grappled with the question of how big it should be. Thick as a hockey puck or puny as a nickel? At the moment, watchmakers are leaning into the latter, a trend that crescendoed last month at Watches and Wonders, the annual luxury watch fair in Geneva. More than a dozen brands welcomed new product lines in small sizes—or welcomed reduced versions of existing popular models. Like hemlines, watch proportions wax and wane in cycles. For men they started out big, since the first ones were pocket watches with straps attached to them. Louis Cartier made an early version in 1911 for his friend, aviator Alberto Santos-Dumont, who was tired of having to yank out his pocket watch to navigate while in flight. It wasn’t long before it dawned on watchmakers that an enormous timepiece on the wrist was unwieldy and unnecessary, so they began to reinvent movements on a smaller scale.