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
Lab-grown diamonds? Demand is growing but old school jewellery dealers say the unique backstory of ‘natural’ stones can’t be beat
02 june 2023
(scmp.com) - Billions of years in the making, buried deep under the Earth’s crust in extreme heat and pressure, diamonds have long been synonymous with rarity and indestructibility. But when you remove that elemental interplay of forces, do diamonds still hold the same appeal?
A shift to privatisation: What does it mean for mining in Angola?
01 june 2023
(miningreview.com) - Angola’s government has expanded its Privatisation Program (Propriv) until 2026, with 73 additional assets and companies to be privatised. This is aimed at increasing private sector involvement, attracting investments, and boosting employment and economic growth.
De Beers may curtail diamond sales as consumers in China take foot off pedal
31 may 2023
() - De Beers today reported weaker fourth cycle sales which totalled $480m compared to $542m in sales for the previous cycle. The fourth quarter sales were also significantly lower than sales of $604m achieved in the fourth cycle of the previous financial year.
Will Forevermark Last Forever?
30 may 2023
(jckonline.com) - This year’s American Gem Society (AGS) Conclave featured a De Beers sponsorship or two—but none by its signature brand, De Beers Forevermark, which used to be one of the annual event’s main underwriters.
Botswana President Launches Another Attack Against De Beers
29 may 2023
(voanews.com) - Botswana President Mokgweetsi Masisi has again criticized a 54-year-old partnership with world-leading diamond producer De Beers, saying his country will not back down on demands for an improved deal.
