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
Diamond Tech Companies’ Race to Trace Goods
30 august 2024
(rapaport.com) - With the clock ticking to implement industry-wide tracking systems, the major players are pushing their platforms — but working together is the most likely key to success.
Mercury could have an 11-mile underground layer of diamonds, researchers say
23 august 2024
(edition.cnn.com) - A layer of diamonds up to 18 kilometers (11 miles) thick could be tucked below the surface of Mercury, the solar system’s smallest planet and the closest to the sun, according to new research.
Fuelling the Green Transition: The Mining Investment Gap
16 august 2024
(lbma.org.uk) - It’s been widely noted, with the energy transition, that we are moving from a hydrocarbons- to a minerals-based economy. Less well known, is that the mineral resources required to reach current net-zero targets exceed known supplies. Projected shortages extend not just to rare earths and battery minerals – which are a major concern – but also to mainstream metals. The International Energy Agency (IEA) predicts that, on the current trajectory, global production of copper and nickel will satisfy only 70% and 80% of the respective requirements by 2035.
Diamonds in South Africa are losing their sparkle
09 august 2024
(businesstech.co.za) - Diamond mining in South Africa, historically pivotal to the economy and livelihoods of many across the country, faces challenges as production recently hit a decade low. Despite this downturn, reinvestments by the one of the biggest diamond companies in South Africa, and some developments in the electricity and logistics sector, offers hope for a resurgence.
What Can We Learn from De Beers’ Diamond Price Index?
02 august 2024
(rapaport.com) - Anglo American has moved away from announcing De Beers’ sales results on a sight-by-sight basis, ending a practice that had existed since January 2016. Instead, the diamond company said it would provide better sales data on a quarterly basis. One of the areas where the company has enhanced its transparency is pricing.
