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
Barrick CEO says West must demonstrate more resiliance in strife-torn Africa
22 may 2023
(miningmx.com) - The West had to show more resiliance supporting nations in conflict if it was to secure the minerals demanded of the current commodities supercycle. This is the view of Mark Bristow, CEO of Barrick Gold who said that violence in Sudan was unlikely to get “out of control” because Saudi Arabia was committed to intervention.
The Future of Recycled Diamonds
19 may 2023
(idexonline.com) - Jewelers in India have done something unusual. What I found unusual was the fact that every one of the 50,907 diamonds, a total weight of just over 130 carats, was recycled. As indeed was every gram of gold (total weight 460 grams).
US firm aims to cut investors in on $1.2tn diamond market
18 may 2023
(ft.com) - A New York-based technology company is attempting to succeed where several firms have failed and make the $1.2tn global market for diamonds more accessible to financial investors, through the creation of a futures contract and a fund tracking the price of the gems.
The pros and cons of the trillion-dollar coin
17 may 2023
(theweek.com) - The clock is ticking on America's debt ceiling. Treasury Secretary Janet Yellen announced this week that the federal government will "run out of money to pay its bills" if Congress does not raise the debt limit by June 1. With Republicans and Democrats gridlocked over the issue, another option has emerged as a possible-fail safe: The trillion-dollar platinum coin.
Big-Spending Chinese Shoppers Are Splurging on Luxury at Home, Not Abroad Anymore
16 may 2023
(bnnbloomberg.ca) - China’s big-spending shoppers are back, to the relief of the global luxury industry. But in a pandemic-era shift, they’re doing more of their spending at home, even with mainland borders open again — and the consequences for foreign destinations and brands once reliant on deep Chinese pockets could be dire.
