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
Half Of Chinese Women Don’t Want To Marry. Should Luxury Worry?
09 november 2021
(jingdaily.com) - According to a survey released by China’s Communist Youth League, which interviewed 3,000 local people between 18 and 26, nearly half of China’s young urban women and a quarter of men said they do not plan to marry. Chinese Gen Zers gave several reasons for their choice, including not having time to get married, difficulty finding the right person, and the economic burden of marriage and children. The survey results worry the country, which attempted to boost its birth rate this year by launching a new three-child policy, lifting its previous ban on having more than two children per couple.
The Kimberley Process and Its Effectiveness in Eradicating Blood Diamonds
08 november 2021
(luxuo.com) - You have visited a jewellery store online and a diamond ring caught your attention, curious as to how it will look on your hand, you make your way to the store to have a look at the piece. The diamond ring is of the highest quality: in terms of cut, colour and fire and brilliance; but when you ask about the origins of the diamond, the salesperson can’t give you a proper answer of where these gemstones were sourced from. They could very well be blood diamonds—mined in an area where there is war or fighting, and are sold to fund armed conflicts. To curb the proliferation of blood diamonds and its associated impact, a certification process was introduced in 2003: The Kimberley Process (KP). It is a multilateral trade regime put into commitment by governments, civil society and the wider industry, with the goal of preventing the flow of conflict diamonds. At the core of the process is the Kimberley Process Certification Scheme (KPCS), under which countries implement safeguards on shipments of rough diamonds and certify them as “conflict free”.
Beyond Rare: The Two-of-a-Kind Diamond
05 november 2021
(idexonline.com) - Rare is a relative term. Compared to most other minerals, diamonds are rare. Among all the diamonds ever mined, those of exceptional size, clarity and color are highly-prized. But beyond run-of-the-mill rare is a super-league of rarity. Like the chameleon diamonds I mentioned last week, that change color when heated, and are very, very rare. Or the newly-discovered cryogenic diamonds, which do likewise when chilled. Even rarer. Rare, however, is nothing compared to unique. Imagine holding a diamond in your hand that is unlike any other in the known world. Like the incredible diamond-within-a-diamond unearthed two years ago and dubbed the Matryoshka after the traditional Russian doll. That truly was one of a kind. I say "was" because it now has a friend, making it two of a kind. Funny isn't it, you get no double diamonds for a billion of years, then two in two years.
New Diamond Inscriptions Said To Be Permanent
04 november 2021
(jckonline.com) - With news of bad actors in the industry polishing off diamond inscriptions and adding in fake ones that don’t correspond to the stone, PhotoScribe has developed a “subsurface” inscription that it says can’t be polished off, at least not without dramatically altering the gem’s weight. The new PermaScribe inscription goes “under the diamond’s table,” says David Benderly, PhotoScribe founder and CEO. “To polish off that inscription, you would have to remove a large percentage of the diamond’s weight. It would not be economical.”
Eira Thomas: ‘there’s huge opportunity for young innovators’ in mining
03 november 2021
(mining.com) - Canadian Mining Journal‘s “Seven Questions” series features accomplished leaders in the mining industry. This time, we spoke with Eira Thomas, president, CEO and co-founder of Lucara Diamond (TSX: LUC), which recently approved a $534-million underground expansion of its Karowe diamond mine in Botswana, known for producing large, high-value diamonds. Thomas has more than 25 years of experience in the mining industry focused on diamonds (Aber Diamond, Stornoway Diamond and Lucara) and gold (Kaminak Gold and Tectonic Metals). In addition to being part of the exploration team that discovered the Diavik diamond mine, she was named one of the World Economic Forum’s “Young Global Leaders” in 2008. Canadian Mining Journal spoke with Thomas about innovation in the diamond market, Lucara’s pandemic response in Botswana, and how the mining sector can attract a more diverse workforce.
