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
Is Botswana’s Deal With HB Antwerp a Threat to De Beers?
24 april 2023
(jckonline.com) - The government of Botswana announced it was taking a 24% equity stake in HB Antwerp and said that state-owned diamond trader Okavango will supply the company with diamonds for five years. (JCK will have a larger look at the issues in Botswana, including its contract negotiations with De Beers, later this week.) Rafael Papismedov, one of HB Antwerp’s four co-founders, spoke to JCK about whether he considers his company competition for De Beers, how his 3-year-old business has attracted so much attention, and why he believes the traditional ways of the diamond trade are “nonsense.”
Russian Doll Diamonds That Slipped Through The Net
21 april 2023
(idexonline.com) - In 150 years of modern diamond mining we have extracted, according to GIA estimates, approximately 4.5 billion carats. Of those 4.5 billion carats, there have been just three documented cases of a "diamond within a diamond". And all of them have been in the last four years, which seems to be a somewhat unequal distribution across time. Unless there's another explanation.
Diamond Trade Pressures GIA to Rethink Digital Dossiers
20 april 2023
(rapaport.com) - Diamond dealers and manufacturers have complained to the Gemological Institute of America (GIA) about its new paperless dossier reports, claiming they reduce security and are less popular among retailers. The reports — available for 0.15- to 1.99-carat, D- to Z-color diamonds — have caused consternation in the industry since the GIA switched to digital-only versions at the beginning of this year. GIA customers who submit a diamond receive the stone back in a small envelope that shows the key specifications and a unique QR code that links to an online report. Although the girdle gets inscribed, other people can easily copy the code and associate it with a different diamond, according to traders who spoke with Rapaport News in recent weeks.
The Rise of Asset Tokenization
19 april 2023
(lcx.com) - Tokenization has the potential to radically transform how assets are owned, utilized, and monetized, thus revolutionizing the financial landscape.With the rise of asset tokenization, it is possible to create a wide range of new financial products, enabling every individual and organization, irrespective of wealth or size, to broaden their entire investing portfolio on a worldwide platform. Tokenization is one of the best ideas to evolve from the blockchain and finance industries. It is gaining popularity in many fields, including real estate, the arts, and even sports.
The 3D Printing Revolution
18 april 2023
(rapaport.com) - When award-winning jewelry designer and manufacturer Christian Tse first dabbled in 3D printing in 2001, the technology’s capabilities were rudimentary. Tse saw potential, though, and eventually sought to collaborate with US-based 3D printing company Desktop Metal to develop a precious-metal printer for fine jewelry. The result was the Production System P-1, which debuted to the trade in 2022 alongside Tse’s precious-metal print powders in silver, gold, platinum, and rose gold.
