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
Is the Lab-Grown Diamond Pivot Finally Here?
15 march 2024
(jckonline.com) - Jeff Zucker, the former head of NBC Entertainment and CNN, once warned media companies not to trade “analog dollars for digital pennies.” A similar situation now exists with lab-grown diamonds.
Embracing new tech in marine diamond mining
07 march 2024
(miningweekly.com) - To increase the net present value (NPV) of Namibia’s marine diamond mining sector, four strategies – economies of scale, economies of scope, productivity and efficiency improvements, and improvements to the quality of the resource – can be assessed as potential options.
The Chairwoman of the Council of Federation noted the successful progress of Norilsk Nickel’s Sulfur Program
01 march 2024
During a visit to the Krasnoyarsk Territory, the Chairwoman of the Council of Federation Valentina Matviyenko said that Norilsk Nickel’s projects coupled with social responsibility programs are commendable.
Experts hold public discussions on lithium deposit development in the Murmansk Region
23 february 2024
(porarctic.ru) - The preliminary results of the ethnological expert examination and the method for loss estimation were presented at the consultations with the residents of the villages of Lovozero and Krasnoshchelye (representatives of the Sami people) and the Komi and Nenets reindeer herders, as well as at the meeting of the working group consisting of the indigenous minorities and reindeer herding peoples.
Diamond Industry Gears Up for Tighter Controls
16 february 2024
(rapaport.com) - New sanctions on Russia will fast-track the adoption of traceability programs across the supply chain. Should they wish to sell those diamonds into the Group of Seven (G7) countries, companies will have to prove their goods were sourced from non-Russian production.
