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
Clock is Ticking on G7 Traceability
04 october 2024
(idexonline.com) - So the latest sanctions deadline came and went largely unnoticed, with none of the chaos and confusion that accompanied the 1 March ban. Back then, traders were required, for the first time, to provide documentary evidence that the diamonds they were importing were not of Russian origin.
Lab-Grown Diamond Prices Are Falling. Here’s Why That’s Not a Bad Thing
27 september 2024
(robbreport.com) - The man-made stone have never had the cachet or complicated romance of mined stones. But perhaps we’re not thinking expansively enough about their best use.
You can buy a diamond-making machine for $200,000 on Alibaba
20 september 2024
(arstechnica.com) - In an age when you can get just about anything online, it's probably no surprise that you can buy a diamond-making machine for $200,000 on Chinese eCommerce site Alibaba. If, like me, you haven't been paying attention to the diamond industry, it turns out that the availability of these machines reflects an ongoing trend toward democratizing diamond production—a process that began decades ago and continues to evolve.
Is Diamond Production on the Decline?
13 september 2024
(rapaport.com) - The drop in diamond recoveries is a response to market conditions, but also a reflection of diminishing prospects for viable new mines. Diamond miners are postponing sales and reviewing their production plans amid the weak market environment.
The “Diamond Dream” Is in Peril, Analyst Warns
06 september 2024
(jckonline.com) - The future of the diamond market depends on natural gemstones maintaining their traditional allure, business analyst Pranay Narvekar, head of Pharos Beam Consulting, said in an Aug. 11 presentation on “Diamond Market Fundamentals and Natural Supply,” before India’s Gem & Jewellery Export Promotion Council.
