News
Indian jewellers promote natural diamonds amid competition from lab-grown stones
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.
Today
Ethiopia opens first gold refinery to serve region
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...
Today
Anglo American bets R11.2B on South African mining's future
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...
Today
Nornickel forecasts $4 billion in precious metals revenue for 2026 - report
A senior Nornickel representative noted that the company expects to generate $4 billion in revenue from precious metals sales this year.
Today
Russia to build first permanent REM magnet plant
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...
Today
An in-depth look at how couples are planning their weddings, according to recent statistics
21 march 2025
(theknot.com) - Whether it's a garden soiree filled with beautiful botanicals, a sophisticated ballroom affair or a cozy backyard gathering, a wedding is the perfect opportunity for a couple to celebrate with loved ones and cherish what makes their relationship special.
Don’t propose with a diamond
14 march 2025
(economist.com) - Since De Beers, the world’s leading diamond company, ingeniously announced that “diamonds are forever” in the 1940s, most engagement rings have included a diamond—and an expensive one at that.
Chinese retailers are offloading polished diamonds as demand tanks, adding to a $2 billion inventory headache for De Beers
07 march 2025
(fortune.com) - Anglo American’s troubled ownership of the De Beers group was brought into fresh focus on Thursday as the mining company announced a fresh multibillion-dollar write-down of the diamond group it’s trying to restructure.
The 2024 Diamond Crisis: An Industry at Its Breaking Point
28 february 2025
(rapaport.com) - The global diamond industry is experiencing its deepest crisis in history. The sharp decline in demand and polished-diamond prices, which began in late 2022 and intensified throughout 2023 and 2024, reflects a multidimensional dilemma.
Demand for lithium in Russia is overestimated
20 february 2025
(rbc.ru) - Demand for lithium in Russia may be lower than expected amid a decline in electric vehicle (EV) production. The Ministry of Industry and Trade acknowledged the possibility of adjusting the strategy for developing the metallurgical industry, as well as revising the Polar Lithium’s production targets.
