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
On Data: Jewelry Sales Soared in November
30 december 2021
(nationaljeweler.com) - According to a recent PwC survey, 40 percent of respondents said the pandemic would not affect their spending this holiday season and 30 percent said they will likely spend, on average, 48 percent more than they did last year. The survey also indicated consumers plan to treat themselves this year after feeling deprived during the 2020 holiday season. The National Retail Federation, meanwhile, predicts the highest holiday retail sales on record, while Deloitte forecasts November to January retail sales to climb 7-9 percent.
Survey: Engaged Couples Want “Highly Personalized” Ring Experiences
29 december 2021
(jckonline.com) - Yellow gold, oval diamonds, alternative center stones: The 2021 Knot Jewelry & Engagement Study reveals new trends for jewelers and highlights how bridal sales may look into the next year and beyond. One of the survey’s key findings focuses on how couples are taking a “highly personalized approach” to engagement planning and buying—something jewelers may want to think about when it comes to working with people on bridal purchases, how they approach sharing engagements on social media, and what they stock in their stores and online.
ICMM members paid over $23 billion in taxes in 2020
28 december 2021
(mining.com) - The 28-members of the International Council on Mining and Metals (ICMM) reported total tax payments of $23.7 billion in 2020, an effective tax rate of 39.7%, and an increase of 5% paid in 2019. This increase results from lower profitability in 2020, driven by a decline in commodity prices. The latest report, produced by PwC, found that between 2013 and 2020, ICMM members paid more than $185 billion – comprising corporate income tax of $119.1 billion and royalties of $66.4 billion – to tax authorities across the world.
‘A Luta Continua’ for De Beers as it goes prospecting for diamonds in Angola again
27 december 2021
(miningmx.com) - De Beers is going back into Angola to prospect for diamonds in what amounts to a validation of the changes made within the country regarding the running of its mining industry since the new government led by President Joao Lourenco took over. De Beers’ move – announced on December 7 – follows that of Rio Tinto which on October 11 confirmed it had formed a joint venture with Angolan state-owned diamond company Endiama to explore the Chiri kimberlite deposit in Angola’s Lunda Sul region. According to Rapaport News, Rio Tinto has secured a 75% stake in the first phase of the mine with Endiama retaining a 25% interest but the contract “leaves open the possibility for Endiama to increase its holding to 49%.” These developments are hugely significant because Angola is arguably the most prospective region in the world to find a major diamond deposit which miners have been searching for without success since 1991. That was when the last big strike was made at Ekati in Canada.
Blessed are the Diamond Makers
24 december 2021
(idexonline.com) - I have a confession to make. When I first read that the Pope had blessed a lab-grown diamond, I laughed. The cynical journalist in me dismissed it as a PR stunt. But then I considered the fact that the leader of the world's 1.34 billion Catholics doesn't grant an audience to the first marketing guy to turn up at the Vatican requesting a product endorsement. Diamond Foundry, the US-based manufacturer, had clearly been pushing at an open door when it made its approach. Pope Francis has been vocal in his support of sustainability issues over the last eight years, and has been particularly outspoken about the harm caused by mining. In July 2015 he spoke about those suffering as a result of mining activities, and he urged governments, suppliers, business leaders and investors to hold multinational mining companies to account over their behaviour.
