Declining US loose diamond sales hurt Indian export business

Revenue from the sale of loose natural diamonds declined 0.5% year-on-year in October, with unit sales falling more than 10%, while finished jewelry sales rose 11.6%. This is according to a report from Tenoris LLC, a research firm providing...

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Bullion’s recent pullback just a pause in ongoing rally - UBS

Gold prices could rise toward $4,700 an ounce as mounting political and financial market risks sustain demand for safe-haven assets, according to UBS.

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Atlantic Lithium's Ghana mining lease enters final approval stage

Australia-based Atlantic Lithium announced on Wednesday that the mining lease for its flagship Ewoyaa lithium project in Ghana has been submitted to Parliament for final ratification.

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16% of jobs at Newmont impacted by restructuring - report

Following Newcrest’s acquisition by Newmont in 2023, 16% of the joint company's workforce was impacted by restructuring measures, Reuters reported with a reference to the group’s internal memo.

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Tharisa secures $130m debt facility to strengthen balance sheet

Tharisa has signed a $130 million debt facility with Absa Bank and Standard Bank of South Africa, pending the fulfilment of standard conditions precedent.

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Diamonds pose a quantum block to India’s research ambition

12 july 2024

By Jacob Koshy

(thehindu.com) - Customs Department’s decision on who can and cannot import diamonds is taking some of the lustre off the National Quantum Mission (NQM), a ₹6,000-crore initiative, which may allow India take the lead in the emerging field of quantum technologies.