News
Diamond jewellery sales in India set to increase 15% - 20% on sharp rise in gold prices
Indian diamond jewellery retailers anticipate a 15% - 20% increase in sales during the 2026 festive season, driven primarily by the sharp rise in gold prices which prompts consumers to consider diamond jewellery in more affordable price range...
Today
South Africa mining output falls 12.7% in August on weak PGMs, coal and iron ore
South Africa's mining output declined 12.7% year-on-year in August, according to Statistics South Africa, with platinum group metals, coal, and iron ore accounting for the largest negative contributions.
Today
Aterian expands copper footprint at Azrar project in Morocco
Aterian has identified multiple copper showings and substantially expanded the known mineralisation footprint at the Amane Target of its 85%-owned Azrar Copper-Silver project in Morocco, following initial exploration fieldwork.
Today
Russia’s Ministry of Natural Resources identifies region with largest platinum and palladium deposits
Russia retains second place globally in terms of platinum and palladium reserves, while the largest deposits of these metals are concentrated in Krasnoyarsk Territory, according to the Russian Ministry of Natural Resources.
Today
Tharisa meets FY2026 guidance, Karo Platinum fully funded as net debt swings to $51m
Tharisa has reported full-year production in line with guidance for both platinum group metals (PGMs) and chrome concentrates, while confirming its Karo Platinum project in Zimbabwe is now fully funded following a $300 million bond issue.
Yesterday
Gold industry M&A set to continue in 2022 despite racking up $21.3bn in value last year
03 february 2022
(miningmx.com) - Gold industry merger and acquisition activity last year totalled $21.3bn, the second highest ever in which an estimated 38 million ounces were acquired in 44 deals, according to research by Bank of America. It added that more M&A was on the cards in the sector this year.
New age in resource consumption as electric vehicle manufacturing is set to accelerate
02 february 2022
(miningmx.com) - Humanity has begun a new chapter in its development, enabled by extraordinary technological advances commensurate with those of the first, second and third industrial revolutions. It may be difficult for many of us to comprehend fully the magnitude and speed of this change, as we only experience the effects of technological developments on our daily lives incrementally. It is only with time and perspective that humanity will fully realise the significance of the events and advances through which we are currently living. As we move away from the hydrocarbon-based energy toward that of cleaner, renewable energy, so too industry and the automotive sector have advanced a transition from fossil-fuel internal combustion engines (ICE) to battery-powered electric vehicles (EVs). This is particularly apparent in the case of Tesla, which has seen its market capitalisation hit $1 trillion in recent days, making the electric vehicle producer the size of the other top nine leading car makers combined. Of the world’s top 20 vehicle manufacturers, which represented roughly 90% of new car registrations in 2020, 18 have stated plans to widen their portfolio of models and to rapidly scale up the production of light-duty EVs. The model availability and price range of electric heavy-duty vehicles is also broadening, with four major truck manufacturers indicating an all-electric future.
Report: Resale Luxury Goods Lose Stigma And Gain Fans Across Generations
01 february 2022
(jckonline.com) - The resale marketplace, particularly for luxury goods including fine jewelry, proved hugely popular in 2021, and that trend will continue with demographics from Gen Z to baby boomers gravitating to online resale retailers to create unique looks and focus on sustainable shopping habits. In the 2022 Luxury Consignment Report released Thursday, resale luxury goods experts at The RealReal in San Francisco say “conscious consumers” across a wide spectrum of age ranges are looking to resale as a way to create one-of-a-kind style while also shopping their values.
In Search of the Perfect Match
31 january 2022
(diamonds.net) - Getting the right rough to meet polished demand is a challenge. A Canadian cutting firm created the Clara platform to tackle it. Matching supply with demand is difficult at the best of times. It’s harder when the product in question is as heterogeneous as diamonds. And it’s trickier still in an industry with a reputation for being slow to adopt technology. These were the challenges that Aaron Ariel and Ophir Stolov, executive directors at Canadian diamond manufacturer HRA Group, faced when they sought a fix for one of the sector’s biggest problems. That path led HRA to found Clara Diamond Solutions, a platform that Lucara Diamond Corp. ultimately purchased for around CAD 29 million ($23 million).
Break off the Engagement, Hand Back the Ring
28 january 2022
(idexonline.com) - A diamond may no longer be forever, a US court has ruled. An engagement ring is a "conditional gift", which means that if the bride-to-be gets cold feet, she must hand it back. The appeals court ruling in a widely-reported case, that of Mr H* and Ms C*, tackles a couple of thorny issues: What exactly is an engagement ring? And when is a marriage proposal not a marriage proposal?
