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
Brace for Change, The Year of Realignment Has Arrived
17 january 2025
(edahngolan.com) - The outgoing year was clearly a particularly challenging one. It required diamond industry companies to reconsider their future and created an opportunity to pivot towards reinventing diamonds as a true luxury item. The coming year should be the year of realignment. In 2024, the diamond industry, from producing countries to retailers, was rattled.
Human-Centric Arctic
06 january 2025
The Council for the Development of the Far East, Arctic and Antarctic under the Federation Council of Russia has made "human-centric" development of the regions the main topic of its meetings in 2024. The key to solving the problems facing the Arctic Zone of the Russian Federation (AZRF) is the active participation of businesses in the implementation of large-scale public-private partnership projects.
The diamond industry is at an inflection point
20 december 2024
(mckinsey.com) - After surging during the pandemic, diamond prices have reversed to multiyear lows. Proactive moves by players across the value chain can help ensure stability and longevity in the years to come.
US Retail Offers Hope for Recovery
13 december 2024
(rapaport.com) - Will positive end-of-year jewelry retail sales pull the diamond trade out of its current predicament? Expectations were rising as the holiday period kicked off in November. US consumers were upbeat in the run-up to the annual shopping frenzy, despite a contentious election that took place on November 5.
Andrey Grachev: In the context of modern challenges, the development of the Arctic becomes a national priority
04 december 2024
(24rus.ru) - On December 12-13, the XIV International Forum “The Arctic: Present and Future” in honor of A. N. Chilingarov will be held in St. Petersburg. Andrey Mikhailovich Grachev, Vice President of the International Public Organization “Association of Polar Explorers” spoke about what the participants of the event could expect.
