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
5 Risks That Could Derail China’s Luxury Market
03 august 2021
(jingdaily.com) - Key Takeaways: An aging, slow-growing, or even shrinking population could threaten the fundamentals of China’s unprecedented economic growth. A Global Times 2021 survey reported that 41.7 percent of respondents “look down on the West” versus 18.4 percent five years ago. Chinese tariffs of up to 218 percent on Australian wines have made it virtually impossible for that country’s winemakers to do business in China, resulting in a traumatic development for the Australian wine industry.
Not Enough Rough
02 august 2021
(diamonds.net) - Alrosa is not used to buying diamonds. As the largest producer of rough by volume, the Russian miner accounts for about one-quarter of global supply and is therefore second only to De Beers in setting the tone for the market. It was therefore somewhat unusual that Alrosa bought the majority of rough at an auction held by Russia’s state gem repository Gokhran in July. The company is usually a seller to Gokhran when it has excess inventory to offload. This time, Alrosa needed to fill inventory gaps ahead of its July sale. In other words, it didn’t have enough rough to meet demand. This strange scenario was another indication of how strong the rough market has been in 2021.
Sales continue to climb, but the cost of inventory is rising as well
30 july 2021
(diamonds.net) - What a difference a year makes. Optimism was abundant in the market this past month, carrying through to predictions of a strong holiday season. Even with an eye on shrinking margins, positivity reigned.“The one thing we have to look out for is price increases — if and when they come,” said Yosef Poplack, vice president of sales at New York-based wholesaler Gem Wave.
Gem Wave’s niche in melee, layouts and matched pairs of fancies has temporarily shielded the company from the tight margins that many in the industry are facing, Poplack said. While he has not encountered any problems securing inventory, he believes the reduced workforce at Indian factories due to Covid-19 is a concern for the industry. As to whether politics was affecting his business, he declared that it was “not even an issue” and that the important thing was “getting the domestic and global economy going.” “Retail stores are buying jewelry,” Poplack reported, adding that even last summer, he’d been able to “sneak into the office” and ship out goods to new clients, who continue to buy from him. Several months ago, Gem Wave expanded its offerings to include Gemological Institute of America (GIA)-graded stones of half a carat and up in rounds and all fancy shapes. All its inventory is “100% natural mined diamonds,” a selling point the company displays on its website and documents. Poplack’s association with several trade groups has helped further his company’s reputation and extend its client base, he said. And his consistent advertising has generated calls from potential clients. “If things keep going the way they are now, I can only see business increasing through the holiday season as demand gets higher. Things are coming back to life.”
Lab-grown diamonds vs mined gems: exploring the ethics behind jewellery's favourite stone
29 july 2021
(thenationalnews.com) - Pandora, the Danish company that makes more jewellery than any other in the world, most of it inexpensive, announced in May that it will no longer sell mined diamonds, instead switching to exclusively laboratory-made stones. “They are as much a symbol of innovation and progress as they are of enduring beauty, and stand as a testament to our ongoing and ambitious sustainability agenda,” said chief executive Alexander Lacik, who announced the launch of Pandora’s Brilliance range of jewellery featuring lab-grown diamonds. The diamond industry, however, is not happy about Pandora’s claims and leading industry organisations published a swift rebuke, objecting to a “false and misleading narrative” in the Pandora announcement, “which positioned laboratory-grown diamonds as an ethical choice versus natural diamonds”.
Cyrille Vigneron: ‘You have to explain Cartier’s classics to a young generation in a modern way’
28 july 2021
(ft.com) - Cyrille Vigneron is in a different mood to when I interviewed him five years ago, shortly after his appointment as chief executive at Cartier. He did not say so at the time but, looking back, “Cartier had lost its appeal [by] trying to get into areas that were not so credible or not so much in the Cartier DNA”. This was particularly true of watches. As well as making large and complicated watches, it had launched sporty lines — but sales were slow. In 2016, Vigneron took the painful decision to buy back €200m worth of stock. “There is no way you can change your product offer if you leave products on the market,” he explains. “Either your retailers will stop buying, or what would be visible would not be so appealing for customers. Most of the [watches] were destroyed to recycle the gold.”
