News
Tharisa meets FY2026 guidance, Karo Platinum fully funded as net debt swings to $51m
Tharisa has reported full-year production in line with guidance for both platinum group metals (PGMs) and chrome concentrates, while confirming its Karo Platinum project in Zimbabwe is now fully funded following a $300 million bond issue.
Today
Israel’s diamond sector poised for revival following tax reforms and De Beers comeback
De Beers, one of the world's major diamond market players, has announced the resumption of its operations in Israel after a nine-year absence, which became the latest sign of revival of the diamond industry in the country.
Today
Kefi Gold and Copper restarts Tulu Kapi development after safety review
Kefi Gold and Copper has resumed development at its Tulu Kapi gold project in Ethiopia following a suspension that began on September 7 after a serious safety incident three days earlier.
Today
Nornickel implements smart melt monitoring system
Norilsk Nickel has installed a smart melt monitoring system at its metallurgical plant in Norilsk in collaboration with Reksoft. The system uses computer vision to assist the converter operator in identifying phases during the tapping process.
Today
ALROSA to help amplify Arctic agenda at UN
In preparation for the 31st UN Climate Change Conference (COP31), ALROSA experts and other stakeholders from Russia discussed a unified approach to strengthening the country’s position and the Arctic agenda at UN climate conferences.
Today
The Rarest And Most Expensive Precious Metal Isn’t Gold
15 march 2023
(iflscience.com) - It’s commonly believed that gold is one of the rarest and most expensive precious metals – but while it does rank pretty high comparatively, there is one metal that has it beat hands down both for price and rarity. The monetary worth of different metals is inconsistent, differing slightly depending on demand and access. Due to the versatility of gold, its conductivity, durability, and good looks place it firmly in the top five most expensive metals. Gold prices stand at over $1,850 per ounce at the time of publication – impressive, but nothing compared to rhodium.
Quest for world’s biggest diamonds gives De Beers a headache
14 march 2023
(english.alarabiya.net) - To the southeast of the teeming herds of wildlife in the Okavango Delta in Botswana, an offshoot of the Lundin mining dynasty is extending its search for the world’s biggest diamonds. Lucara Diamond Corp. is sinking an 800-meter (2,624-foot) shaft to ensure the kimberlite orebodies at its Karowe mine keep producing the 1,000-carat-plus gems that set it apart. However, the $550 million investment is potentially less significant than the second prong of the miner’s strategy. That involves changing the way diamonds are sold, indirectly posing a challenge to industry giant De Beers.
Will the watch industry say I do to lab-grown diamonds?
13 march 2023
(watchpro.com) - As more watch brands embrace the alchemy of diamonds grown in a laboratory, Robin Swithinbank says the value and romance deficit in a man-made gemstone will have luxury buyers digging in the dirt. If you’ve come across the illusory truth effect, you’ll recognise the theory that the more familiar we become with a false idea the less likely we are to believe it’s wrong. Framed in 1977 by researchers at the Villanova and Temple Universities in Pennsylvania, it suggests that even if, at first, we are inclined to see a falsehood in a statement, upon hearing it several more times, we will steadily become inured to it. How susceptible we are depends on our gullible gene. Actually, it doesn’t. But you get the point.
Will AI Replace Diamond Graders?
10 march 2023
(idexonline.com) - There are no absolutes in diamond grading. It's like any job in the world that relies on people making judgments. There will always be differences of opinion, borderline cases, bad days, irritable people and human error. Different labs may well give the same stone a different grade. Sometimes the same lab will give it a different grade on re-submission. So it'll come as no big surprise to those in the industry that there were discrepancies between labs when the Canadian TV station CBC did an undercover investigation. The focus of the story, by the government-funded broadcaster, was on jewelry retailers "deceiving" customers, but ultimately the labs took the blame.
Zim, India seek fresh diamonds deal
09 march 2023
(thestandard.co.zw) - Zimbabwe and India have opened discussions that could end up with diamonds from Harare being traded in special zones in the Asian economic powerhouse, diplomatic sources told Standardbusiness on Friday. The special Indian market, known as special notified zone (SNZ) is a trading centre where businesses can import and trade in rough diamonds without triggering income tax assessments. It is located at the Bharat Diamond Bourse in Mumbai, and has facilities for the receipt, storage and viewing of imported rough diamonds in addition to auctions and sales.
