News
Indian jewellers promote natural diamonds amid competition from lab-grown stones
Falling prices for lab-grown diamonds and their resulting rise in market share are transforming India’s diamond jewellery market and prompting jewellers to take proactive measures.
Yesterday
Ethiopia opens first gold refinery to serve region
Ethiopia has inaugurated its first gold refinery, a $50 million joint venture that the government hopes will establish the country as a regional hub for precious metals processing, Prime Minister Abiy Ahmed announced over the weekend, according to Reuters...
Yesterday
Anglo American bets R11.2B on South African mining's future
Anglo American has reaffirmed South Africa's potential as a premier mining investment destination, even as the company commits R11.2 billion ($677 million) to an ultra-high dense media separation iron-ore project at Sishen in the Northern...
Yesterday
Nornickel forecasts $4 billion in precious metals revenue for 2026 - report
A senior Nornickel representative noted that the company expects to generate $4 billion in revenue from precious metals sales this year.
Yesterday
Russia to build first permanent REM magnet plant
In 2028, Russia is set to start the construction of its first plant for manufacturing permanent magnets from rare-earth metals (REM) in the city of Glazov, to be commissioned in 2029 with an initial capacity of 500 tonnes per year, said Andrey...
Yesterday
De Beers and Botswana: The Long Delay
14 february 2025
(idexonline.com) - It's the announcement the diamond world had been eagerly awaiting. "The Government of the Republic of Botswana and De Beers Group are pleased to announce they have reached an agreement in principle on a new 10-year Sales Agreement for Debswana's rough diamond production."
Why the Rise of Lab-Grown Diamonds Reminds Me of Blue Nile
07 february 2025
(jckonline.com) - In my recent appearance on Paul Zimnisky’s podcast, I discussed how the increasing popularity of lab-grown diamonds reminds me of my time covering Blue Nile. As Blue Nile was the major “disruptive” business to hit our industry before lab-grown, I believe it’s worth comparing what we’re seeing now with lab-grown to Blue Nile’s trajectory.
De Beers Kept Prices Steady. Now What?
31 january 2025
(rapaport.com) - The news at last week’s De Beers sight was what soccer fans might call “off the pitch.” The sale itself was uneventful. The miner left rough prices unchanged at the first cycle of the year after December’s sharp reductions.
Diamonds lose their sparkle as prices come crashing down
29 january 2025
(theguardian.com) - Diamonds are woven through the tapestry of human history. The ancient Greeks were enthralled by their remarkable hardness. The Koh-i-Noor alone has been at the centre of invasions, murder, superstition and larceny. Millions of marriages have been launched using diamonds as the symbol of their everlasting lustre.
The South African diamond show: shaping a brilliant future
20 january 2025
As South Africa prepares to host the inaugural South African Diamond Show (SADS) in February 2025, the spotlight shines brightly on the State Diamond Trader (SDT) and its new Chief Executive Officer, Ms. Nosi Mzamo. Under her leadership, the SDT is set to reaffirm South Africa’s major role in the global diamond industry through innovation, sustainability, and ethical sourcing.
