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
Green Hydrogen Will Become The 21st Century Version Of Oil
19 april 2024
(forbes.com) - When green hydrogen gets its legs, it will become the ‘new oil’—the energy source that drives the global economy. As such, countries are now preparing and forming international coalitions to position themselves for that future.
Indian Lab-Grown Diamond Manufacturers Keep Growing
12 april 2024
(nationaljeweler.com) - Kira Diam, which bills itself as the largest grower of CVD lab-grown diamonds in the world, installed a 25 megawatt solar plant to power its growing operations. It is one of a number of Indian companies investing in the lab-grown diamond segment despite the stones’ declining price.
The Circularity of the Platinum Group Metals
05 april 2024
(lbma.org.uk) - In the platinum group metals (PGM) industry, we largely take for granted that PGMs are recyclable. Value-driven recovery and refining of these metals from their vast range of industrial applications has been quietly taking place for decades. However, increasingly intense regulatory focus on the circularity of critical metals means we can’t rest on our laurels.
Synthetic Diamonds in the Spotlight
29 march 2024
(rapaport.com) - The industry is entering a new phase in which fashion-jewelry collections and brand development will stimulate growth, note several industry consultants and executives. While the bridal segment has been a boon for the lab-grown market in the past three years, driving sales during a period of hyper-adoption by retail jewelers, fashion is about to explode.
Facing Facts: ‘Cautiously Bullish’ on Gold in 2024
22 march 2024
(lbma.org.uk) - 2023 was a stellar year for gold. However, despite gold’s record-breaking performance last year, investors remain cautious.
