Leaders of Responsible Business award applications now open

At a press conference held on November 8 in the TASS building in Moscow, the Leaders of Responsible Business national award officially opened the application process which will last until December 16.

Yesterday

Diamond industry experiencing longest crisis in 21st century - finance ministry

According to Russian deputy finance minister Alexey Moiseyev, the global diamond market is currently experiencing another crisis of the 21st century, which, however, is particularly long-lasting.

Yesterday

Equinox achieves commercial production at major Canadian mine

Toronto-listed Equinox Gold has announced the beginning of the commercial production at its Greenstone mine in Ontario, Canada.

Yesterday

Indian diamond manufacturers go on early holidays due to falling demand and reduced rough availability

In late October and early November, economic activity in India slowed down significantly ahead of one of the main Hindu holidays, the Diwali festival of lights. However, this year, diamond manufacturers went on holidays early as the diamond industry...

Yesterday

Canada approves sale of Pan American’s mine in Peru to Chinese company

Canadian authorities have approved the deal between Pan American Silver and a subsidiary of Chinese Zijin Mining Group to sell La Arena mine in Peru.

Yesterday

Is it too late for the diamond industry to connect with Gen Z?

05 june 2023

(rapaport.com) - They have high expectations, little money, and quite a few contradictions. Tempted by lab-grown diamonds’ affordability and sustainability claims, can this generation fall in love with natural diamonds? The future of every business depends on the next generation. Gen Z, the cohort of consumers born between the late-1990s and 2012, is set to earn $33 trillion of income by 2030 and overtake millennials’ spending power by 2031, according to the Bank of America. Moreover, research by consultancy Bain & Company revealed that Gen-Zers make their first luxury purchase when they are 15, while their 30-somethings counterparts began at 19. Gen Z seems to have high expectations, many questions, little cash — and quite a few contradictions.