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
De Beers Raises Prices of Cheaper Rough Diamonds
25 november 2021
(diamonds.net) - De Beers increased prices of certain lower-value rough diamonds at its November sight as US consumer demand strengthened ahead of the holidays. Prices in the cheapest categories rose by low-single-digit percentages, customers told Rapaport News. This included stones under 0.75 carats, as well as items in piqué and other lower-quality categories. De Beers declined to comment.
Delayed Reactions
24 november 2021
(info.diamonds.net) - Imagine the scene: A family is sitting together in a cozy living room, drinking mugs of cocoa, excitement on their faces as they reach for the beautifully wrapped gifts under the Christmas tree. It’s the picture you see in every magazine, store window and television show in the US this time of year. But now, reimagine the tableau minus the presents under the tree. It just doesn’t have the same effect. Gift-giving is an intrinsic part of the festive season, but this year, the options on offer may turn out to be sparse. Massive bottlenecks along the supply chain have led to delays of up to five weeks on orders, according to shipping and logistics companies. The setbacks range from Covid-19 challenges at point-of-origin factories and ports, to vessel pile-ups at destination ports in the US, to a shortage of port employees, truckers, and railroad workers.
How did Watches of Switzerland Group boost sales by almost 50%?
23 november 2021
(professionaljeweller.com) - Sales for Watches of Switzerland Group for the first six months of its 2022 financial year — 26 weeks to October 31 — increased by 44.6% over the same six months last year to £586.2 million. The latest financial report suggests that the group is successfully broadening its base of sales to become less reliant on the waiting-list watch brands like Rolex, Patek Philippe and Audemars Piguet.
Spending on Jewelry: Almost All Spent More
22 november 2021
(edahngolan.com) - In 2020, the average US household purchased $475 worth of jewelry, up 9.8% from 2019. The sharp rise in spending on jewelry was one of the most outstanding outcomes of what was otherwise a very miserable year. What makes this finding even more remarkable is that the average total expenditure by US households actually declined 2.7% to $61,334, based on the latest Consumer Expenditure Surveys. This means that although people spent less overall, they spent much more on jewelry.
Data that's More Valuable than Diamonds
19 november 2021
(idexonline.com) - There was a time when jewelers knew where the threats lay. Bad people wanted to steal their jewels. So they bought a nice, big safe. Nowadays things are not so simple. Jewelers can be attacked for something even more valuable than their diamonds - their data. The cyber-heist on Graff highlights the dangers posed by ransomware. Hackers stole their list of high-profile clients, posted some details online, and are threatening to reveal many, many more. The society jeweler's clients include world leaders, Hollywood A-listers and the planet's uber-rich. Their privacy is paramount, and they're not keen on having their invoices, receipts, home addresses and personal information shared on the dark web - the encrypted part of the internet that's home to every kind of criminal.
