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
Flawed Diamonds Are Seeing a Complex Downturn
18 august 2023
(rapaport.com) - The price gap between nicer and inferior diamonds has widened in the lower clarities as buyers cherry-pick the best stones, according to manufacturers and exclusive Rapaport data.
An inconvenient truth… there’s not enough critical metals to reach net zero
15 august 2023
(mining.com) - So today, we’re going to deliver you perhaps a more pressing ‘inconvenient truth,’ one that’s set to undo our multi-generation assumption that energy supplies would remain cheap and abundant. I set the scene back in June showing you why this energy crisis is being born out of years of under investment in the oil and gas industry.
Silver Jewellery Exports To Soar New Heights
11 august 2023
(gjepc.org) - India is the largest market for silver jewellery and silverware, and it is growing exponentially since the last few years. The country’s silver jewellery exports for FY 2022-23 grew 8% year-on-year to $2.93 billion.
Japanese researchers cut semiconductor wafers from diamonds with a new laser technique
07 august 2023
(techspot.com) - A new laser-based technique developed by a team of Japanese scientists from Chiba University seemingly provides a way to "effortlessly slice" diamonds along the optimal crystallographic plane.
Lab-Grown Prices Are Holding Up at Retail, Says De Beers
03 august 2023
(rapaport.com) - Retail prices of lab-grown diamonds are falling more slowly than wholesale prices and are often unsustainably high, De Beers chief financial officer Sarah Kuijlaars told Rapaport News.
