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
The Omicron Variant: The View From Botswana
23 december 2021
(jckonline.com) - For those in the diamond industry, the initial countries where the omicron variant of COVID-19 was discovered sounded mighty familiar: Belgium, Hong Kong, South Africa. But the first country to identify omicron was Botswana, the world’s largest diamond producer by value and the home of De Beers’ Diamond Trading Co. (DTC). The Botswana-Harvard AIDS Institute Partnership, located in the country’s capital city of Gaborone, first flagged the virus on Nov. 19, before similar notifications were sent out by neighboring South Africa.
US Holiday Jewelry Sales Predicted to Rise 40%
22 december 2021
() - After a roller coaster 2020, 2021 continued the upswing in jewelry sales to a degree few if any expected. Sales in October rose 37%, and we expect holiday jewelry sales to top that and close a fantastic year for the industry. In October, US jewelry sales reached an estimated $7.3 billion, a record for the month, based on US Department of Commerce data.
Year to date, US jewelry sales have totaled $67.8 billion. For a perspective on how unusual these sales levels are, consider the following: sales in the first ten months of 2021 alone have already surpassed 2020’s record sales of $62.3 billion by 9%. Further, year over year, the value of jewelry sales in the first ten months of 2021 are 56% percent higher than those in the comparable period of 2020. Compared to 2019, a “normal” year, sales are up 52%.
A New Frontier for Angola’s Diamond Industry
21 december 2021
(diamonds.net) - Angola’s diamond industry has come a long way in a relatively short time. The country’s mineral reforms under President João Manuel Gonçalves Lourenço have sought to rid the sector of the cronyism and opacity that characterized operations under his predecessor. The new policy, published by presidential decree in July 2018, marked the beginning of change in every aspect of the African nation’s diamond pipeline — from how licenses are issued, through its exploration and mining operations, to how it approaches diamond sales. Now, Angola is ready to sell itself to the world.
AGD DIAMONDS JSC celebrates its 90th anniversary
20 december 2021
(vnedra.ru) - AGD DIAMONDS JSC celebrates its 90th anniversary in 2021. By the anniversary date, the company has won the status of one of the best enterprises in Russia in the field of environmental responsibility and in the field of occupational safety and has successfully implemented innovative projects in the field of extractive technologies.
5 Emerging Cities in China Luxury Brands Cannot Overlook
20 december 2021
(jingdaily.com) - Lower-tier cities in China are a promising market for luxury brands dedicated to staying in the country, and this year’s Double 11 Shopping Festival confirmed that. When Tmall kicked off sales between November 1 and 3, the number of luxury buyers in smaller cities grew by nearly 50 percent, year-on-year. Meanwhile, shoppers from close to 400 different cities placed orders on Tmall’s Luxury Pavilion. This trend first emerged at last year’s Double 11 Festival, but “this year was another watershed moment,” according to James Yang, a partner at Bain & Company. Yang also went so far as to predict that this sector’s growth would “continue for several years to come.”
