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...
Yesterday
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.
Yesterday
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.
Yesterday
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.
Yesterday
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.
13 october 2026
Another shipping crisis strikes, threatening delays to Black Friday shopping
23 august 2021
(cnbc.com) - Key points: Western Europe and China’s Henan province — a key transport hub and home to several major businesses — are grappling with the aftermath of devastating floods. The disasters have damaged railways used for the delivery of goods and raw materials in both regions. Supply chain software firm E2open said there will be probably fewer and smaller discounts for the peak online shopping season.
Why did Tiffany Walk away from Costco Fight?
20 august 2021
(idexonline.com) - Tiffany & Co has never been afraid of going to court to protect its trademarks. In 2003 it was awarded $550,000 in statutory damages after the website www.finest4less.com refused to withdraw 28 counterfeit Tiffany items. Tiffany told the court it deserved the compensation - and wanted to deter counterfeiters. In 2010 it went head-to-head with the third-party platform eBay for enabling others to trade off its name. It alleged direct and contributory trademark infringement, trademark dilution, and false advertising by virtue of the fact that the e-commerce giant had allowed counterfeit Tiffany jewelry to be advertised online. It lost. Public court records in the US indicate that Tiffany embarked on at least 28 lawsuits between 1991 and 2016 over its copyrights, patents, and trademarks. So it was surprising to learn that the iconic New York jeweler was walking away from a fight with Costco, a fight it had pursued with zeal for almost eight-and-a-half years.
Jewelry Industry Is On The Verge Of Complete Collapse: National Task Force On Hallmarking
19 august 2021
(businessworld.in) - The Task Force states that the Bureau Of Indian Standards (BIS) cannot change the tradition and fabric of the jewelry industry by putting the livelihood of lakhs of jewellers at stake and thus affecting millions of dependents. The National Task force was formed out of 350 Associations / Federations representing East, West, central, North and South zones of the entire Gems & Jewellery Industry. The objective of this committee is to ensure a smooth implementation of mandatory hallmarking across the country. The Ministry of Consumer Affairs formed an ‘Advisory Committee’ headed by DG BIS, with members comprising from BIS, various Ministries, export council, consumer forum and 3 members from the domestic Industry. As of today, post 3 meetings of the Expert Committee and 4 meetings of the Advisory Committee, barring a few issues, no substantial resolutions have taken place and nor any clarifications are being issued. BIS as an independent authority is only issuing FAQs, which has so many defects and ambiguities. It seems that the BIS is hell-bent upon enforcing things in their own way, not realizing the gravity of the concerns of the industry.
Russia ready for significant increase of domestic gold mining in years to come
18 august 2021
(resourceworld.com) - Russia plans a further major increase of domestic gold mining in years to come that will be achieved through the development of new gold mines and accelerating the further development of the already existing gold mines, according to recent statements made by representatives of some leading Russian gold mining companies and local media reports.
In terms of gold reserves, Russia currently ranks first in the world with a share of about 13%, while ranking 3rd in terms of production with a share of about 9%. Last year, gold production in Russia amounted to 340.17 tons, slightly less than in 2019 with a reduction of 0.98%. There is a possibility that gold production in Russia may have already significantly increased this year.
Diamond exploration resumes in Naujaat
17 august 2021
(nunavutnews.com) - North Arrow Minerals is continuing to evaluate the potential value of diamond reserves at its Naujaat property with a large-scale sampling program this summer. Ken Armstrong, CEO of North Arrow Minerals, said the company is hoping to get a better sense of the value of a special kind of coloured diamond that has been retrieved from previous samples. “There are these really intriguing potentially high-value diamonds,” said Armstrong. The Vancouver-based mining company has been evaluating the small area just a few kilometres outside of Naujaat since 2014. In the summer of 2014, North Arrow carried out a 1,350-tonne bulk sample of kimberlite in the area. That was followed by a 234-tonne mini bulk sample in 2017. Now the company is back to perform a 2,000-tonne bulk sample.
