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
Lack of energy, logistics challenges eroding emerging miners' profitability, viability
15 may 2023
(miningweekly.com) - The significant electricity shortages in South Africa and the significant logistics constraints, especially for bulk commodities, are eroding junior and emerging miners' profitability, with some having to close down as they cannot afford or sustain their operations through the use of generators.
Inherent Value of Natural Diamonds
12 may 2023
(idexonline.com) - Inherent value. That's a phrase that's been swirling about my mind in recent weeks as I've tried to resolve a nagging diamond-related doubt. Thankfully I am now cured, so I shall unburden myself and explain the doubt. And the resolution.
The new ‘blood diamonds’: the elaborate plan to halt Russia’s trade
11 may 2023
(ft.com) - If you’ve worn, touched or seen a diamond which was cut and polished in the past decade or so, the chances are it passed through Surat, India. India boasts more than 90 per cent of the world’s diamond manufacturing, and this historic trading city on the north-west coast is the industry’s capital. Surat’s polishers, who sit in cramped offices hunched over abrasive wheels to transform rough rocks into dazzling gems, have won the city its reputation in part by tackling small gems hewn from Siberian mines.
Opinion: Is the rise in watch theft a real phenomenon or a media panic?
11 may 2023
(watchpro.com) - Just because one doesn’t know personally any actual victims, is the wristwatch crime wave exaggerated? Is it merely fodder for the tabloids? Naturally, we hear about celebrities who were targeted, as they are inherently newsworthy. Whether or not one has personal experience, directly or by acquaintance, of watch thefts, the problem has gone beyond only the police handling the monitoring. Aware of the impact these robberies have on their clients, elements in the industry are addressing the situation.
EU implicates Hong Kong in Russia sanctions-busting
10 may 2023
(euobserver.com) - Belgium's Antwerp World Diamond Centre can keep on buying some €1.5bn of diamonds a year from the Kremlin-owned Alrosa company, the draft EU compromise indicated.
