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

EU implicates Hong Kong in Russia sanctions-busting

10 may 2023

(euobserver.com) - The EU fears that Chinese and UAE firms could be supplying weapons components to Russia, new sanctions indicate. But the main thrust of the latest proposals was to curb sanctions circumvention by Russia and her friends. EU ambassadors will hold first talks in Brussels on Wednesday (10 May) on what will become the 11th round of Russia sanctions later this month. Belgium's Antwerp World Diamond Centre can keep on buying some €1.5bn of diamonds a year from the Kremlin-owned Alrosa company, the draft EU compromise indicated.