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
The Prospect of Diamond Origin Determination: In Brief
26 may 2023
(rapaport.com) - Is it possible to analyze a diamond and determine where it was mined? It would be ideal if a quick and non-destructive measurement could reveal the geographic origin of any diamond. In principle, this is feasible for some gemstones, but the prospect is considerably more difficult for diamonds. Here is a brief overview based on a recent article that explored this topic in detail, entitled Methods and Challenges of Establishing the Geographic Origin of Diamonds, published in Gems & Gemology, Fall 2022.
G7 Vows To Curb Russian Diamond Trade, Strengthen Measures To Weaken Revenue Streams
25 may 2023
(gjepc.org) - In a united effort to curtail Russia's revenue streams and apply additional pressure amid escalating tensions, the Group of Seven (G7) nations announced following its meeting in Hiroshima their commitment to imposing restrictions on the trade and use of diamonds sourced from Russia.
Breaking The Ice: A Top Miner's Bold Plan To Reshape Arctic Living
24 may 2023
(ibtimes.com) - In a bold move Russian mining powerhouse Nornickel has stepped onto the ice to engage with the indigenous people of Tukhard, a remote Arctic settlement. Collaborating with architectural wizards Wowhaus and the Norilsk Development Agency, Nornickel is pursuing a UN-sanctioned relocation plan for these residents, currently nestled in an industrial sanitary zone.
Mining industry predicts vast platinum undersupply in 2023
23 may 2023
(mining-technology.com) - The World Platinum Investment Council has predicted a 938,000oz deficit in platinum production owing to continued palladium shortages.
G7 Vows To Curb Russian Diamond Trade, Strengthen Measures To Weaken Revenue Streams
23 may 2023
(gjepc.org) - (gjepc.org) - In a united effort to curtail Russia's revenue streams and apply additional pressure amid escalating tensions, the Group of Seven (G7) nations announced following its meeting in Hiroshima their commitment to imposing restrictions on the trade and use of diamonds sourced from Russia.
