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
Israel-UAE diamond dealing thwarted by banking regulations
10 december 2021
(en.globes.co.il) - Diamond trading between Ramat Gan and Dubai was conducted more smoothly through indirect contacts before the Abraham Accords, industry sources say. But while the Abraham Accords were meant to bring about a flourishing of the diamond trade between the two countries, the opposite seems to have happened between the Ramat Gan Diamond Exchange and the Dubai Diamond Exchange, which is in the UAE free trade zone.
Russia’s authorities want to create an analogue of Amazon to trade in jewelry
09 december 2021
(vedomosti.ru) - Russia’s Ministry of Finance wants to launch an online jewelry trading marketplace aimed at foreign buyers. Such an initiative is contained in a letter from Deputy Finance Minister Alexey Moiseev to Tigran Sargsyan, Deputy Chairman of the Board of the Eurasian Development Bank (EDB) (Vedomosti has the document, and its authenticity was confirmed by a representative of the ministry). The Russian Ministry of Finance agreed with the Ministry of Finance of Belarus to launch a pilot project aimed at developing online jewelry trading to increase the export of jewelry goods from the Eurasian Economic Union (EAEU) to the world market, Moiseev said in his address. The deputy minister invites Sargsyan to take part in the creation of an IT infrastructure necessary for this purpose, using among other things the resources of the Digital Initiatives Fund of the Eurasian Development Bank (EDB). Sargsyan confirmed the receipt of this letter through a representative. According to him, the EDB, together with the Russian and Belarusian Ministries of Finance, is indeed working on the project titled “Digital Trade. Jewelry,” the purpose of which is to form a new trading platform for organizing exports to third countries.
Tiffany & Co. Unveils Most Expensive Design in Its History
09 december 2021
(yahoo.com) - Tiffany & Co. is asserting its expertise in high jewelry by revealing its most expensive piece ever. The World’s Fair Necklace was unveiled Sunday at a Tiffany event in Dubai, United Arab Emirates, and is bejeweled with a total 180 carats of diamonds, all set in platinum. At its center is an 80-carat oval shape, D color and internally flawless diamond that Tiffany has christened “The Empire Diamond,” named for the New York City icon in the jeweler’s hometown.
The Arkhangelsk Monolith became part of the “North” composition in the Garden of Stones of Memory and Glory in the city of Podolsk in Russia
08 december 2021
(dvinaland.ru) - An unusual cargo - a granite stone weighing about two tons - was sent from Arkhangelsk to Podolsk at the end of November. The monolith was sent in response to an appeal received by the administration of the Arkhangelsk Province from the author of the "Garden of Stones of Memory and Glory" project, who is reserve colonel Viktor Makarov, a veteran of four local wars from the city of Podolsk.
Autumn watch auctions give false impression of healthy Swiss watch industry
08 december 2021
(watchpro.com) - Some conversations stay with you. Outside the La Réserve hotel in Geneva the night before Phillips’ November auction, I bumped into a colleague who knows a thing or two about the auction scene. In that tent, he said, gesturing to the unremarkable white marquee parked in the hotel grounds where the auction would take place, there are pieces made by living independents that will become the world’s most collectible watches. Not only that, he added portentously, these watches will define collecting tastes for the next decade.
