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
Securing funding for Gahcho Kué supplies
20 january 2022
(miningnewsnorth.com) - Mountain Province Diamonds Inc. Dec. 31 provided details of a proposed US$50 million financing arrangement with Dermot Desmond, the Canadian diamond mining company's largest shareholder. Mountain Province owns a 49% interest in the Gahcho Kué diamond mine in Canada's Northwest Territories, and De Beers Canada Inc. owns the other 51%. Operating a mine like Gahcho Kué in Canada's North requires that all major supplies for the year are procured and delivered via an ice road during the winter months, leading to higher working capital requirements in the first half of the year.
Dubai Can’t Shake Off the Stain of Smuggled African Gold
19 january 2022
(finance.yahoo.com) - In the moon-like landscape of northern Sudan, informal gold miners toil with spades and pickaxes to extract their prize from shallow pits that pockmark the terrain. Mining ore in the sweltering heat of the Nubian desert is the first stage of an illicit network that has exploded in the past 18 months following a pandemic-induced spike in the gold price. African governments desperate to recoup lost revenue are looking to Dubai to help stop the trade. Interviews with government officials across Africa reveal smuggling operations that span at least nine countries and involve tons of gold spirited over borders. That’s a cause for international concern because the funds from contraband minerals dealing in Africa fuel conflict, finance criminal and terrorist networks, undermine democracy and facilitate money laundering, according to the Organisation for Economic Cooperation and Development.
Everything You Need To Know About Lab-Grown Vs Mined Diamonds
18 january 2022
(vogue.co.uk) - As the diamond industry searches for ways to be more sustainable, Annabel Davidson asks: which is the kindest cut of all?
2021’s Diamond Person of the Year
17 january 2022
(diamonds.net) - It was an especially extraordinary time for the diamond and jewelry trade. The industry had its best year in over a decade, with strong retail sales boosting polished demand and rough trading. So, when the Rapaport editorial team sat down to discuss who should be our person of the year, there was really one choice that stood out above the rest.
The Impossible New Diamond Setting
14 january 2022
(idexonline.com) - Back in 1886 Charles Tiffany introduced his game-changing six-prong solitaire setting to a diamond industry that was still in its infancy. Diamonds had, until then, been set in a bezel so that only the crown was visible, and much of the main attraction was obscured by metal. The Tiffany setting changed all that, exposing far more of the stone than ever before, while still retaining a firm hold. This was at a time when Cecil Rhodes had yet to launch De Beers (that was to happen two years later) and long before diamonds became the go-to gem for a gentleman proposing marriage. Nonetheless the Tiffany setting has endured, and remains a popular choice 135 years later. With all of that in mind, it will be interesting to see how future generations of jewelers and consumers judge the launch last week of a new solitaire diamond setting that appear to achieve "the impossible". It has no prongs, no clasp, no bezel, no visible support of any kind. There have been so-called floating diamonds in the past. They never truly floated. But this patented invention from New Zealand - Floeting Diamonds - does what no setting has ever managed before.
