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

Tracking Putin’s diamonds: G7 push to ban Russian gems gathers pace

01 may 2023

(politico.eu) - G7 countries are pushing ahead with plans to agree to ban sales of Russian diamonds when the group’s leaders meet for a summit next month, amid growing hopes that new technology will enable authorities to track the gems around the world. One of the main goals of this coordinated G7 push is to stop sanctions being circumvented, for example by importing Russian diamonds which have first been processed and relabelled elsewhere in the world. The Swiss company Spacecode now claims to have a solution to that problem: a new device that can identify which region of the world individual diamonds come from.