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
Why is a company accused of looting diamonds back in Zimbabwe’s mines?
10 june 2021
(opendemocracy.net) - In 2016, Robert Mugabe, then the president of Zimbabwe, announced that a mining company had looted diamonds worth $15bn from the country. The company was Anjin, a joint venture between a Chinese firm and the Zimbabwean military. Anjin strongly denied the allegations. But considering the dire state of the country at the time – a collapsed healthcare system, chronic fuel and food shortages, dilapidated roads – the claims were explosive. Yet in January this year, the state-owned Zimbabwe Consolidated Diamond Company pulled out of the most lucrative diamond-producing block in the east of the country and handed it over to the very same company: Anjin. Diamonds from Zimbabwe have Kimberley Process certification, which means they are supposed to be traceable. However, in recent months critical questions about accountability and transparency in the country’s diamond-mining sector have resurfaced.
Producing diamonds in a lab is becoming a sustainable alternative to mining
09 june 2021
(runnermag.ca) - Synthetic diamonds are paving the way for a greener and more ethical jewelry industry. Scrolling through Instagram these past couple of days, I have been seeing lots of people I know getting engaged — couples excited for their future posting pictures of their rings with large diamonds. When I saw the rings, it made me think of where the diamonds came from and the process involved. Pandora, the jewelry company, announced earlier this month that their company is switching to selling lab-produced diamonds.
More companies such as De Beers are slowly making the switch to lab-produced diamonds because they are less environmentally harmful and don’t contribute to industries that export blood diamonds, which are diamonds mined in war zones which are sold to fund armed conflicts. Even Signet Jewelers, the world’s largest retailer of diamond jewelry, is expanding its line of lab-produced products.
Bernard Arnault Is Now the World’s Richest Person. Thanks China?
08 june 2021
(jingdaily.com) - Move over, Jeff Bezos; there’s a bigger billionaire in town. On May 24, Forbes named fashion tycoon Bernard Arnault the world’s richest person with an estimated net worth of $186.3 billion, beating out the Amazon founder by $300 million. Tied over the weekend, the chief executive of LVMH saw his personal stake jump more than $600 million after the group’s stock rose 0.4 percent on Monday morning. This, plus strong comebacks from star brands Louis Vuitton and Dior, helped Arnault’s fortune surge over $110 billion since March 2020.
Love for diamonds! Here’s why coloured gemstones are still not preferred by Indians as much as diamonds
07 june 2021
(financialexpress.com) - Diamonds are the most legendary gemstones, symbolic of eternal connections. Since the dawn of time, diamonds have piqued the interest of mankind. No other gemstone can ever replace the emotions of love and devotion evoked by diamond, which makes it all the more popular. Although, coloured gemstones are high on both men and women’s wish lists for jewellery but not as much in demand as diamonds. Indians in particular are known to place the highest value in gold, followed by diamonds.
Petra's $6m Human Rights Settlement
04 june 2021
(idexonline.com) - On May 12, 2021, Petra Diamonds announced that it had agreed a $6m settlement over alleged human rights breaches at its Williamson mine, in Tanzania. The UK-listed miner made no admission of liability, but its own investigation concluded that the security teams it employed to protect the sprawling of 30km2 kimberlite resource from illegal miners had been responsible for some deaths and many injuries.
