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
June 2024 Market Update: De Beers, G7 & Other Changes
21 june 2024
(edahngolan.com) - The diamond industry is going through changes on a number of fronts, some of them fundamental. Issues such as De Beers announced sale, the impact of G7 sanctions on Russian diamonds, the increasing importance of traceability, the rise in demand for lab-grown diamonds amidst sinking prices, China’s struggling economy, and growing tensions with the West are among those that are – or should be – on everyone’s mind in the industry.
Interview With Botswana President Mokgweetsi Masisi
14 june 2024
(jckonline.com) - At the JCK show in Las Vegas, Botswana’s president, Mokgweetsi Masisi, sat for an interview with JCK news director Rob Bates last Saturday, following a fireside chat with JCK editor-in-chief Victoria Gomelsky the night before. The Q&A below includes excerpts from both conversations.
Fantasy becomes reality at our think-tanks
10 june 2024
On the second day of the St. Petersburg International Economic Forum (SPIEF) held in the northern capital [of Russia] from June 5 to 8, Andrey Grachev, Vice-President of the Norilsk Nickel company, answered the Rossiyskaya Gazeta (RG) correspondent’s questions about the present and future of the Russian Arctic.
Why Signet and De Beers Are Working Together on a New “Beacon”
06 june 2024
(jckonline.com) - Signet Jewelers and De Beers are launching a joint campaign to promote natural diamonds, built around a new “beacon” product reminiscent of De Beers’ past efforts like the three-stone ring and Journey jewelry with graduated stones.
Facing Facts: India's Record Silver Imports from UAE - A Paradigm Shift in the Supply Chain?
31 may 2024
(lbma.org.uk) - India is the second largest consumer of silver in the world and to meet this demand, the country depends mostly on imports. In a normal year, imports easily breach 6,000 tonnes, and at times – like in 2022 – even 8,000 tonnes.
