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 synthetic diamond problem for fancy colour diamonds – Part I
02 december 2021
(jewellermagazine.com) - Synthetic diamonds are still a hot topic debated across the industry and the media. How did they become so prominent, and what caused the sudden rise of synthetic diamonds? DR THOMAS HAINSCHWANG explores. Man-made diamonds have a long history; the first single crystals (HPHT process) were produced in 1953 by ASEA in Sweden, the first polycrystalline stones (CVD process) in 1952 by the Union Carbide Corporation, USA. The two processes are as follows: one method, known as HPHT synthesis, sees diamonds ‘grown’ from graphite under high pressure and high temperature (HPHT) conditions (1,300–1,800°C) in a special HPHT press; while CVD synthesis sees diamonds ‘grown’ from a gas phase – typically CH4 (methane) – under vacuum and distinctly lower temperatures (700–1,000°C). Keeping in mind that both processes are well established, what was it that made the existence of synthetic diamonds a problem in the jewellery and gemstone industry only in recent years?
The great names
01 december 2021
(agddiamond.ru) - By the decision of the AGD DIAMONDS’ management to restore the tradition of naming the large rough diamonds (+50 ct) mined at the V. Grib MMP (Mining and processing plant), unique diamonds mined in 2021 were named after a number of prominent northerners.
India factory closures weigh on De Beers diamond revenues
30 november 2021
(mining.com) - (mining.com) - Anglo American’s (LSE: AAL) diamonds unit De Beers has reported another decline in sales revenue for the ninth sales cycle this year, as cutting factory closures in India weighed on demand. For November 8 through 23, rough diamond sales totalled $430 million, which was lower than the $492 million in sales it reported for the previous cycle. Revenues were also lower year-on-year, with ninth cycle sales in 2020 totalling $462 million. In the year-to-date, sales totalled $4.5 billion, with one sales cycle remaining.
Lower Rough Supply Driving Greater Efficiency
29 november 2021
(diamonds.net) - Rough-diamond production is not expected to return to pre-pandemic levels. The coronavirus forced the mining companies to rethink their production programs and downscale accordingly. However, 2020 was always going to be a tipping point for supply. Global output peaked in 2017 when the Gahcho Kué and Renard mines came onstream in Canada. It has been gradually declining since then, until last year when production slumped as operations were forced to shut in response to Covid-19. While most deposits reopened within a year, the experience during the early part of the pandemic resulted in a realization that the trade could make do with less, as it’s going to have to in the long run.
A New Definition of Sustainable
26 november 2021
(idexonline.com) - I was surprised to find the word "sustainable" missing from my dictionary. I'm not joking. All the pages are intact, but my battered Oxford Concise Dictionary from school goes straight from "sustain" to "sustenance". I had to look online for a definition. Remarkable, isn't it, that something that didn't even exist as a word back in 1977 is now a global concern. Most world leaders (with a few notable exceptions) have been flocking to the COP26 climate conference in Glasgow in recent days, such is their concern about "using natural products and energy in a way that does not harm the environment". (That's the new dictionary definition of sustainable).
