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
When ancient eruptions pumped diamonds to Earth’s surface
28 july 2023
(The New York Times) - A new study offers clues to the mysteries of kimberlite eruptions, the source of most of the diamonds mined on Earth today.
A Rough Overhaul: Russia, Botswana, and Excess Supply
25 july 2023
(rapaport.com) - Newly published Kimberley Process numbers give fresh insights into current market developments.
The world’s new largest office building is bigger than the Pentagon
19 july 2023
(CNN) - The Belgian city of Antwerp may be known as the world’s diamond trading hub. But a lesser-known gem capital, Surat, where around 90% of all the planet’s diamonds are cut, now has a record-breaking building to house its mammoth industry.
The case against engagement rings
12 july 2023
(time.com) - Jewelers sent out an alarm earlier this month that people are not buying engagement rings. Sales at Signet, the U.S. jewelry giant that owns Zales, Kay, Jared, and Diamonds Direct, were down almost 10% compared to this time last year. I put it down to people coming to their senses. Diamond engagement rings are corny.
Could silver be a better safe haven than gold?
07 july 2023
Gold often benefits from a flurry of demand in tough times as investors hurry to safe haven assets, but can other precious metals work better as defensive holdings? Silver plays a critical role in the clean energy transition and is not as dependent on market sentiment.
