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
The Ongoing Quest for a Sustainable Diamond
25 march 2021
(jckonline.com) - For years, lab-grown diamond sellers habitually dubbed their products sustainable and eco-friendly. However, in 2019, the Federal Trade Commission (FTC) sent letters to several companies warning them not to use those terms. The issue wasn’t just that the companies provided almost no information about the eco-impact of their processes—though that probably didn’t help. It was the language that they used, what the FTC called “general environmental benefit claims,” which are forbidden under its Green Guides. “It is rare that a product can have an environmental benefit in all the ways that consumers might take away from a general claim,” said FTC attorney Robert Frisby.
Lunar Festival Seals China’s Comeback
24 march 2021
(diamonds.net) - The Chinese New Year of 2020 could not have come at a worse time for the jewelry industry. The spread of the coronavirus across China — and beyond — was suddenly becoming a major threat to public health. Stores shut, and consumers canceled their travel plans. Retailers reported heavy sales slumps. Diamond suppliers, especially in India, feared their Far East clients would miss payments. Hong Kong, which relies on tourist business, suffered an almost instant hit as visitors stayed away, and has still not recovered. But the mainland, after tackling the virus early on and reopening its economy, has seen a rebound exceeding what many observers anticipated. With borders staying closed, domestic consumption has skyrocketed. The result was a far more positive lunar festival in 2021.
Alrosa Raises Rough Prices Again
23 march 2021
(diamonds.net) - Alrosa has increased prices for the third consecutive contract sale, fueling concerns about unsustainable growth and tight manufacturing profits. The adjustments were 4% to 5% on average, with a focus on 1-carat rough and larger, insiders told Rapaport News this week. Prices of that category are now higher than pre-pandemic levels, a customer noted. Alrosa declined to comment on its “commercial strategy,” but a spokesperson said the Russian miner “assures that prices for its goods follow the real, confirmed demand from the midstream sector.”
Why would Gold Fields’ shareholders agree to a merger with Sibanye-Stillwater?
22 march 2021
(miningmx.com) - It seems Neal Froneman is on the takeover trail again and, according to Miningmx is looking “… to reboot Sibanye-Stillwater’s flagging gold narrative” through a merger with either AngloGold Ashanti or Gold Fields, or both. I have a lot to say about that in my capacity as a Gold Fields shareholder which I am declaring upfront because this is an opinion piece and I have strong views on this one. Why on earth would Gold Fields shareholders agree to a merger with Sibanye-Stillwater? It makes no sense to me. The clear winner in such a deal would be Sibanye-Stillwater because it would get hold of Gold Fields’ successful gold operations in Australia, Ghana and South America.
How to solve the diamond industry’s great rift?
21 march 2021
(professionaljeweller.com) - As the diamond industry begins to get back on its feet and look to a post-pandemic world, an internal issue is on the agenda that is threatening to boil over and requires urgent attention. In the 1980s and 1990s it was plagued by the bad press that came with the conflict or blood diamond furore. Large strides had been made by the end of the century, with the estimated portion of the market that conflict stones accounted for reduced from over 20% to a reported 1% in 2004. Despite this success, the industry has never completely shaken off the reputation it gained during these years. Growing consumer demand for provably responsible business practices in recent years has seen the spotlight once more fall on providers of diamonds and diamond jewellery.
