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
US urge EU to impose sanctions on Russian palladium and titanium
04 november 2024
(ria.ru) - Washington is urging Brussels to ban Russian palladium and titanium. The EU has not yet decided to do so, since these materials are strategically important. The aviation and nuclear industries are highly dependent on titanium, and palladium is needed for microchips and automobile catalysts.
Facing Facts: Outlook for India’s Gold Demand Remains Robust, While China Slows on Sluggish Economic Growth
01 november 2024
(lbma.org.uk) - Jewellery demand in the world’s largest physical markets, China and India, contracted, while investment demand leapfrogged in the first half of the year. Collective demand has grown on a year-on-year (y-o-y) basis, but at a slower rate of 4%.
Diamonds are Botswana's best friend but they aren't forever
25 october 2024
(lemonde.fr) - Botswana is Africa's leading diamond producer and the second largest in the world, behind Russia. Gemstones are vital to its economy: their sales account for around 80% of its exports, a third of its tax revenues and a quarter of its GDP, according to the International Monetary Fund (IMF).
What’s Behind Contradictory Trends in the US Diamond Market?
18 october 2024
(rapaport.com) - The US diamond wholesale market is in a mixed state. Retail demand has seen a steady few months. Consumer sales of natural-diamond jewelry and loose stones rose 8.5% year on year in July, according to data provider Tenoris. Yet dealers are reporting slower purchases by retailers than in past years.
Why is palladium price rising?
11 october 2024
(metallplace.ru) - Last week, prices for palladium soared by 20 percent. Against this backdrop, shares of Norilsk Nickel, one of the largest producers of platinum group metals, significantly outperformed the market. In addition to the geopolitical factor, the Federal Reserve System’s meeting, that pushed up the prices for precious metals, Nornickel announced several research and industrial projects in battery production and recycling last week and at the beginning of this one.
