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
Arkhangelsk hosts a meeting of National Arctic Scientific and Educational Consortium
18 november 2021
(narfu.ru) - Thirty-eight representatives of universities, research centers and other organizations included in the Association took part in the event. At the meeting, which was held in an online format, the results of work in 2021 were summed up and work plans for 2022 were outlined. Association Chairwoman Elena Kudryashova noted that the members of the Consortium play an important role in the development of four world-class scientific and educational centers (SEC), whose activities are aimed at the development of the Arctic. These SECs include "The Russian Arctic: new materials, technologies and research methods," "West Siberian interregional scientific and educational center of the world level," "North: the territory of sustainable development," and "Yenisei Siberia."
De Beers’ Lightbox Jewelry Is Expanding Its Lab-Grown Diamond Offerings In Time For Holidays
18 november 2021
(forbes.com) - Back in 2018, De Beers turned a lot of heads when it announced the launch of its Lightbox lab-grown diamond brand. At the time, De Beers Group CEO Bruce Cleaver laid out the strategy to “transform” the lab-grown diamond sector with a “fun, pretty product” that “doesn’t cost that much.” Limiting its range to fashion jewelry such as earrings and necklaces with a special emphasis on colored lab-grown stones, De Beers reserved engagement rings for its natural Forevermark brand. It also established a base price of $800 per carat for its lab-grown diamonds, exclusive of the jewelry setting, which at the time undercut other producers’ LGD prices. It was a classic “disrupt yourself before you are disrupted” move and now three years into its exploration of the market opportunity lab-grown diamonds represent, Lightbox is opening the doors wider for consumers wanting a lab-grown diamond alternative.
De Beers Brings Back “A Diamond Is Forever” For Brand-Building Campaign
17 november 2021
(jckonline.com) - De Beers is bringing back its classic “A Diamond Is Forever” slogan for a new global ad campaign, which execs call one of its most ambitious in years. However, unlike past “Forever” campaigns, which promoted the entire industry, the new “I Do” ads will tout only De Beers and its brands. It’s all part of the diamond giant’s new strategy, which takes its historically siloed marketing initiatives—including jewelry brand Forevemark, now called De Beers Forevermark; the De Beers Jewelers retail chain; and its still-being-tested code of origin—and puts them under one overarching brand umbrella.
Is the Owner of Lightbox Supplying Pandora’s Box?
16 november 2021
(jckonline.com) - When Pandora announced earlier this year that it would launch lab-grown diamond line Pandora Brilliance, the media portrayed it as a blow for diamond miners like De Beers. Yet, on Wednesday’s Pandora earnings call, an analyst asserted that Element Six—a member of the De Beers Group of Companies, and the entity that oversees its Lightbox lab-grown brand—is also producing the diamonds for Pandora’s lab-grown collection.
Future of seabed mining in the balance as NGOs increase calls for a moratorium
15 november 2021
(miningmx.com) - The search for mineral resources critical to global decarbonisation is seeing mining companies weigh some unusual choices. Consider BHP – the world’s largest miner – which is said to be considering a return to the Democratic Republic of Congo (DRC), one of the world’s riskiest locations. The DRC is rich in copper and cobalt which, along with nickel and lithium, are crucial to electric vehicle battery and renewable energy production. Existing mines are depleting whilst a paucity of exploration spend means there’s little left in new resources for future production.
It’s against this background that a debate is underway between non-governmental organisations on one side, and specialist mining firms on the other regarding the viability of mining the seabed.
