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.
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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...
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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...
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A senior Nornickel representative noted that the company expects to generate $4 billion in revenue from precious metals sales this year.
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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...
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By Rajendra Jadhav and Bansari Mayur Kamdar
(reuters.com) - The Surat Diamond Bourse — billed as the world's largest office complex, surpassing even the Pentagon in size and symbolizing India's growing trade ambitions — stands eerily quiet, with only a few traders at work.
The reason: business is sluggish, and the outlook is grim.
