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
India's Lab Grown Gift to the US
04 july 2023
The world's biggest diamond manufacturing country presented the world's biggest diamond buying nation with a gift last week. A lab grown diamond. Gifts formally exchanged between heads of state are highly symbolic. The fact that India selected a diamond that was grown in a lab, rather than one mined from the ground, sends a clear and very sustainable message.
Cartier creative director — we must approach a stone with ‘humility’
29 june 2023
Jacqueline Karachi has never worked anywhere besides Cartier. About 20 years ago, she became the second woman to bear the creative director title at Cartier following Jeanne Toussaint, a legendary designer who steered the brand’s creative efforts between 1933 and 1970, and developed many of its hallmarks.
Lightbox Engagement Rings Are De Beers’ Biggest Gamble Yet
26 june 2023
Out of the blue, De Beers’ lab-grown diamond brand, Lightbox, began selling engagement rings on its website last Thursday. Unlike the carefully choreographed 2018 Lightbox launch, De Beers never made an announcement or issued a press release in advance. Sightholders felt blindsided.
The ability to adapt to a changing world is of importance
19 june 2023
At the XXVI St. Petersburg International Economic Forum held from June 14 to 17, Vice President of Mining and Metallurgical Company Norilsk Nickel Andrey Grachyov answered - on the sidelines of the Forum - the questions of the RG (Russian Newspaper) correspondent.
A pivot to Africa: What projects on the continent may be of interest to the Russian business
13 june 2023
The Russian-African partnership - suspended since Soviet times - is once again becoming relevant in the context of the global agenda.
