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
The Embarrassment of Having to Explain Your ‘Monster’ Diamond Ring
18 december 2023
(wsj.com) - Couples find that lab-grown diamonds make it cheaper to get engaged or upgrade to a bigger ring. But there are rocky moments.
Norilsk Nickel presents metals market review
05 december 2023
Norilsk Nickel, the world’s largest producer of palladium and high-grade nickel and a major producer of platinum and copper presents the twelfth review of the nickel, copper and platinum group metals (PGM) markets.
Time to Tackle the Diamond Industry’s Pre-Pandemic Challenges
01 december 2023
(rapaport.com) - Economic headwinds, Chinese caution and the threat of lab-grown are the trade’s current concerns. But the recurring difficulties that existed before Covid-19 have not gone away.
Diamond certification head hits out at G7 plans to target Russian producers
28 november 2023
(ft.com) - The incoming chair of the international certification scheme for conflict diamonds has hit out at a plan by the G7 group of developed nations to track and trace Russian diamonds, warning of “irreparable harm” to African producers.
Norilsk Nickel notes the return of some of the company's metal buyers
17 november 2023
Some of the clients of Norilsk Nickel, who refused to purchase the company's metals earlier, now come and discuss the return and contracts for 2024, according to the company's director for contacts with the investment community Mikhail Borovikov cited by INTERFAX.
