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
De Beers Anticipates Fewer Sightholders, More Involvement in Polished
29 november 2024
(jckonline.com) - De Beers expects to have fewer sightholders going forward, and it will work closer with them on polished sales, CEO Al Cook told diamond industry analyst Edahn Golan in an interview at the Facets 2024 conference.
For Diamonds, Trump’s Return Could Go Either Way
22 november 2024
(rapaport.com) - Since Donald Trump’s reelection as US president on November 5, one respected member of the diamond and jewelry community sent this reporter an animated dancing Trump GIF, while another called him a con man. The politician divides the industry as much as he divides the world.
Gen Z and millennials proudly wear ‘lab-grown’ diamonds, oblivious to the fact they’re made from burning coal in China and India
15 november 2024
(fortune.com) - The muted sounds of hammering and sanding drift down to the first floor of Bario Neal, a jewelry store in Philadelphia, where rustic artwork that mimics nature hangs on warmly-lit walls.
New Fund Planned to Drive Natural Diamond Demand
12 november 2024
(jckonline.com) - Diamond business leaders meeting at today’s Dubai Diamond Conference agreed to establish an industrywide fund to support category marketing for natural diamonds, sources tell JCK.
Dreaming of diamonds: Generations dig for fortune in India's gem town
08 november 2024
(bbc.com) - Panna is among the country’s most backward regions - its residents face poverty, water scarcity, and unemployment. But it's also home to most of India’s diamond reserves and remains a prime destination for diamond hunters.
