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
Battery metals lose lustre as surge in supply outpaces demand
14 november 2023
(bloomberg.com) - In the fast-moving world of battery metals, 2022 already feels like a bygone era. Back then, prices were soaring, automakers were fretting about long-term shortages and Elon Musk was describing lithium costs as “insane.”
G7 Russian Diamond Ban Unlikely to Start in January
03 november 2023
(jckonline.com) - While many had hoped the G7 ban on Russian polished diamonds would take effect on Jan. 1, 2024, it will probably start next March at the earliest, sources involved in talks on planning the ban tell JCK.
Precious Metals and Clean Energy
27 october 2023
(lbma.org.uk) - Decarbonisation, energy security and developing the next generation of high-value manufacturing jobs are three major global-scale challenges that will increasingly dominate the economic, political and social landscape over the coming decades.
Super-Cheap and Super-Expensive
20 october 2023
(idexonline.com) - Lab growns are heading in two directions - super-cheap and super-expensive. The collapse of WD Lab Grown Diamonds, with debts of almost $45m, surely tells us something about the state of the industry, as prices plunge. And so does the launch by Fred, one of LVMH's maisons, of the first high jewelry collection to feature lab growns.
Pink Diamonds Erupted to Earth’s Surface after Early Supercontinent’s Breakup
16 october 2023
(scientificamerican.com) - Argyle Mine is famous for its rare pink diamonds, and scientists now think they know how these formed: a tectonic collision followed by the breakup of a supercontinent.
