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
How Petra Diamonds Ended Up in a Human Rights Mess
17 june 2021
(jckonline.com) - Hans Merket, a researcher with the International Peace Information Service (IPIS), says he didn’t go into Tanzania expecting to learn about people getting hurt and killed. His group simply wanted to measure how mines were viewed by surrounding communities. But when they got to Mwadui, the area around the Williamson diamond mine, he kept hearing how mine security forces had taken violent action against purported trespassers on the mine area. There were reports of people being shot, stabbed, beaten, locked up, and killed.
Is Luxury Ready for Double the Amount of Millionaires in China?
16 june 2021
(jingdaily.com) - HSBC estimates that Chinese consumers are getting richer. The country will more than double its number of millionaires over the next five years. The middle class will also expand from about 340 million to over 500 million during that same period. “An expanding middle class will underpin medium to long-term economic growth, and stronger consumer spending boosts domestic demand, business confidence, and capital expenditure,” HSBC economists led by Qu Hongbin wrote. “A rising middle class will also increase imports of goods and services, and attract foreign companies to invest in China.”
De Beers facing minimum $100K fine for environmental charge
15 june 2021
(cabinradio.ca) - De Beers Canada is facing a minimum $100,000 fine for an alleged environmental breach after diesel was spilled at the site of its former Snap Lake mine in 2017. The diamond corporation has been charged under the Canadian Environmental Protection Act, as earlier reported by the CBC, for allegedly contravening petroleum storage tank regulations by allowing the release of liquid petroleum into the environment from a storage tank system.
Diamond Shortages Driving ‘Crazy’ Rough Prices
14 june 2021
(diamonds.net) - India is experiencing a shortage of diamonds as rough supply has dropped and polished goods remain stuck at the Gemological Institute of America (GIA). Traders are struggling to source rough, and face rising prices when buying from miners and at tenders, Indian manufacturers told Rapaport News this week. This has made it hard to meet strong demand from the US and China.
Diamond enters the blockchain
11 june 2021
(journal.hautehorlogerie.org) - LVMH, Richemont and Prada have just announced the launch of the Aura blockchain. In the diamond sector, nanotechnology and blockchain-enabled solutions are emerging as the future of traceability. As the boom in cryptocurrencies continues, blockchain is making deep inroads in the luxury industry. The surge in digital transactions by shoppers confined at home during national lockdowns is certainly part of the reason, but not the only explanation. Consumer demand for transparency, longer product lifecycles and the expanding pre-owned market where fakes are rife has also created the conditions for new solutions, and blockchain technology is without doubt one of the most promising.
