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
World’s largest miners set to reward investors as never before as cash hits all-time record
24 june 2021
(miningmx.com) - The world’s largest mining companies have never been more cash generative, but they are reticent to spend on new projects raising the risk of under-supplying the metals market, said PwC in a report published today, Mine 2021. Andries Rossouw, mining leader for PwC’s Africa practice, said the largest mining companies felt at risk of becoming caught up “in the hype” created by significant price increases. They were also wary of greenfields expansion, preferring projects that were cash generative and sustainable. But he added: “There’s a real risk of under-supplying the market and damaging it.”
Will Chinese Tourists Visit A Re-Opened Europe?
23 june 2021
(jingdaily.com) - France released a color-coded map laying out eased entry protocols for the summer travel season, featuring eased restrictions that apply to seven countries deemed “green.” Meanwhile, visitors from countries colored “orange” will need a negative COVID-19 test even if vaccinated. China, among other countries such as Britain and the US, is counted as orange. A plan to start lifting border controls should assist France’s crucial tourism industry as the country emerges from its third pandemic lockdown. However, Chinese netizens had negative reactions toward the new policy, and many commented that they would not visit France at the current stage except for necessary business travel.
Diamond Suppliers See ‘Unprecedented’ Sales
22 june 2021
(diamonds.net) - It’s almost as if wholesalers want to say, “Pinch me.” Sales have been so consistent and strong since January that they’re comparing it to Christmas. Even as inventory prices keep rising, they are savoring this welcome sales streak — for now.
Banking on Diamonds
21 june 2021
(diamonds.net) - In both financial and diamond industry terms, 2017 seems like an eternity ago. Bankers at the Dubai Diamond Conference in October of that year gave a stark warning to the diamond sector: The trade is over-financed, insufficiently transparent, not profitable enough, and altogether too risky. This was their unanimous observation, to the discomfort of the audience. With bank credit amounting to an estimated $13 billion at the time, lenders claimed the industry could function sufficiently on just $8 billion. Bankers were already reducing their exposure to the trade’s risks, and many had closed their diamond units altogether. Today, bank credit has reached that $8 billion level, according to estimates from Bain & Company (see graph). Meanwhile, the diamond industry appears to have enhanced its stature among lenders. In an unexpected twist, the midstream radically improved its liquidity position during the challenging pandemic period.
What Next for Mehul Choksi?
18 june 2021
(idexonline.com) - There's a movie to be made, for sure, about Mehul Choksi. We just need to establish some facts - any facts - before we settle on a script and make some critical casting decisions. And we may need to run it by him first. Bear in mind that he took Netflix to court over his brief appearance in the Bad Boy Billionaires documentary. But we'll cross that bridge when we come to it.
