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
Evidence-based report welcomed by small and junior diamond miners
28 september 2021
(miningweekly.com) - Small and junior diamond miners are facing persistent challenges from a policy and regulatory perspective, which has resulted in a significant decrease in the number of small miners over recent years, a report titled ‘Status of the South African Small and Junior Diamond Mining Sector’, states. The report, which, was written by Nelson Mandela University geology graduate (MSc) Sinazo Dlakavu was published in August by the Africa Earth Observatory Institute, under the auspices of the Nelson Mandela University.
The report, finds that, in March 2020, there were about 220 small and junior miners in South Africa. The gradual but significant decline in the number of small and junior diamond miners has contributed to the rising unemployment rate in South Africa. These hard-hit areas include Namaqualand on the west coast of South Africa; the Northern Cape, including the historical diamond centre of Kimberley; and the North West province.
Direct to the jeweller: diamond miners are bypassing the traditional sites
27 september 2021
(miningmx.com) - A diamond may be forever, but the routes that the gems take from the mine to consumers are not set in stone. The traditional site auctions pioneered by De Beers are being bypassed, with gems being sold directly to manufacturers – an almost revolutionary concept compared to ingrained practice. A trailblazer on this front is Lucara Diamond Corporation, a Toronto-listed company that operates the Karowe mine in Botswana. Lucara last year shook up the diamond sector by agreeing a novel supply agreement with Antwerp-based HB Antwerp. That agreement was extended in April of this year to December 2022.
Why Afghan Gems Could Be Subject To Sanctions
24 september 2021
(jckonline.com) - In 2019, after Trump administration officials demanded the industry declare the source of all its materials, a gem cutter complained to JCK that would be a nearly impossible task.
Take the Tucson gem shows, he said. When grabbing lapis lazuli samples from a big bucket, there was no way he could determine whether every last piece came from a mine in an area controlled by the Taliban. (Most lapis comes from Afghanistan.) Then, as now, the Taliban was subject to U.S. sanctions. But the militant group was not on most people’s minds two years ago. Nor was the U.S. government issuing regular warnings about Taliban lapis, the way it has been doing with Burmese rubies. Now the Taliban is on everyone’s mind, and it’s quite possible that any gem that comes from the areas of Afghanistan it controls could be illegal to import into the United States.
Ecosummit to be held in Krasnoyarsk
23 september 2021
“Eco-Summit: Siberian Perspective” will kick-start on October 1. It will be held in Krasnoyarsk, on the territory of the Bobrovy Log fan park. During the discussion club experts will share their experience on the conservation of ecosystem biodiversity of the UN SDGs and the role of volunteering in biodiversity conservation.
Luxury Resale Is China’s Next Retail Battleground
23 september 2021
(jingdaily.com) - Resale has become a hot topic in the global luxury industry, with the market seeing steady growth as platforms like The RealReal and Vestiaire Collective find themselves joined by more brand-owned efforts and retail partnerships aimed at developing the “circular economy.” Like much else that goes on in today’s luxury market, rising interest in resale among brands and groups like LVMH and Kering is being driven by demand among millennial and Gen Z consumers. Whether they’re buying secondhand luxury goods because they simply cannot afford new collections, or out of an interest in sustainable consumption, consumers born after 1980 — particularly in fast-growing markets like China — are more open to purchasing used luxury goods than their older counterparts.
