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
Belgian Parliament Committee Approves Russian Diamond Ban
01 may 2023
(jckonline.com) - The Belgium Parliament’s Foreign Affairs Committee has approved a resolution calling on the Belgian government to ban Russian diamonds from entering the country and to add Russian state-owned miner Alrosa to the next round of European Union (EU) sanctions.
No Lab Grown Elephant In The Room
28 april 2023
(idexonline.com) - (idexonline.com) - There was no elephant in the room at Israel Diamond Week. Lab growns were very much front and center in the minds of almost everyone who appeared on stage. They are, of course, no threat whatsoever to the natural diamond sector. That'll be why everyone was talking about them. Nobody is in the least bit concerned that they're a sixth of the price, and now account for almost a quarter of the US diamond market by value. Different products, different markets - that's long been the standard line of defense for natural diamonds.
Smelterless low-energy platinum processing concept advances further in Australia
27 april 2023
(miningweekly.com) - A processing pathway away from high-energy pyrometallurgical smelting to low-energy hydrometallurgical platinum group metal (PGM) recoveries has been further advanced by Australian PGMs pioneer Podium Minerals. Podium is reporting a breakthrough in platinum recoveries through a smelterless technology at its Parks Reef PGM Project in Western Australia.
R8-trillion question: Unlocking South Africa’s PGM potential
26 april 2023
(dailymaverick.co.za) - It's an R8-trillion question: how to continue unlocking the massive potential of South Africa's platinum group metals (PGM) industry. “The focus is to realize the world’s largest PGM resource through developing markets, that enable the growth of the PGM mining sector. This would add about R8-trillion to South Africa’s economy by 2050, and about another 1 million direct and indirect jobs,” Roger Baxter, the CEO of the Minerals Council SA, said in a presentation at the PGMs Industry Day organised by Resources 4 Africa in Johannesburg on 28 March.
Amazon Looks to Grow Diamonds in Bid to Boost Computer Networks
25 april 2023
(bloomberg.com) - Amazon.com Inc. is teaming up with a unit of De Beers Group to grow artificial diamonds, betting that custom-made gems could could help revolutionize computer networks. De Beers’s Element Six division will be working on the project with Amazon Web Services’ Center for Quantum Networking, a unit that’s seeking next-generation ways to transmit data securely over longer distances.
