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
Russia to become one of world’s largest gold and platinum group metals producers within next decade
27 may 2021
(resourceworld.com) - Russia plans to become one of the world’s largest producers of gold and platinoids within the next decade by starting development of the Sukhoi Log and Fedorova Tundra Projects – two of the country’s largest resource-rich regions in terms of gold and platinum group metals reserves respectively, according to recent statements by senior state officials and analysts. Regarding gold, particular attention will be paid to the development of Sukhoi Log, the world’s largest undeveloped greenfield gold project, located in the Irkutsk region of Russia.
Millennials Say Lab Diamonds Shine Just Like the Real Thing
26 may 2021
(bloomberg.com) - Pandora AS, which makes more pieces of jewelry than any other company in the world, said that it would no longer use mined diamonds and instead turn to lab-grown stones. Known for affordable charms beloved by young shoppers from China to the U.S., Pandora is the ideal candidate to spearhead this type of sparkler. But when it comes to high-end bling, it’s hard to see synthetic diamonds replacing the real thing anytime soon.
Edition 350 of WINC
25 may 2021
(idma.co) - Dear IDMA members and industry colleagues! As you most likely know, the diamond and jewelry trade has been rather bothered by the recent announcement by Pandora and its decision not to use diamonds any longer in its fashion jewelry lines. Of course, many feel that we have talked about this enough, but an opinion piece in Rough & Polished by the British industry consultant - and former De Beers executive - Richard Chetwode caught my eye.
Israeli Bank Financing of the Diamond Industry Slashed
24 may 2021
(edahngolan.com) - Israeli bank financing of the diamond industry was cut by 33% in 2020, falling below $500 million for the first time in 30 years. The decline reflected shrinking activity in 2020 and a decline in reliance on bank financing. But mostly, it reflects banks’ balking at dealing with the complications of working with diamond firms. According to the Bank of Israel, Israeli bank financing totaled 1,733 million NIS, or $498.75 million, in the fourth quarter of 2020. This is a 6.8% decline in bank financing compared to the third quarter of the year.
Pandora’s Bollocks: How a Charm Company Manipulated the Media
21 may 2021
() - Just about everyone in the jewelry trade—as opposed to just about everyone in the consumer media—agrees that Pandora’s decision to stop carrying natural diamonds and launch a lab-grown line was no big deal. After all, in 2018, only 0.04% of the gemstones—of any kind—Pandora used were natural. Last year, it sold 55,000 pieces with natural diamonds, out of 85 million jewelry items total. I can think of a dozen jewelers that could cause an earthquake if they decided to no longer sell natural diamonds. Pandora isn’t one of them. So why did its announcement make headlines across the world?
