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
PHI Group to invest $5 bln in Vietnam diamond complex
23 february 2023
(theinvestor.vn) - PHI Group Inc., a diversified global holding company that is developing its Asia Diamond Exchange project (ADE) in Vietnam, plans to invest up to $5 billion in the country. The ADE project will consist of rough and lab-grown diamond trading centers in Chu Lai, Quang Nam province on Vietnam’s central coast, and polished diamond centers near Long Thanh International Airport which is under construction in Dong Nai province bordering Ho Chi Minh City, the nation’s southern economic hub.
Rolex Now Has a Resale Program. The Watch World Quakes.
22 february 2023
(nytimes.com) - There is a saying in the high-end watch trade that there are only two kinds of watchmakers: Rolex and everyone else. The privately owned, Geneva-based brand dominates the industry by virtually every measure, although many of these comparisons are based on estimates, as a result of Rolex’s well-known reluctance to share information. In 2021, the company’s sales were estimated to total 8 billion Swiss francs ($8.56 billion), accounting for 28.8 percent of the global watch market’s retail value — up from 26.8 percent in 2020 and 24.6 percent in 2019 — according to a Morgan Stanley report released in March, the most recent information available.
Global coloured gemstone industry experts converge for the ICA Biannual Congress in Dubai
21 february 2023
The ICA Congress on 'The Future of Coloured Gemstones' held in Dubai was hosted by the Dubai Multi Commodities Centre (DMCC) and sponsored by ASHISH VIJAY. The event witnessed a successful response from the global coloured gemstone community with industry experts discussing how to stay current on the geopolitical and social dynamics that are shaping the gemstone industry today.
Angola: From rough diamond to mining giant?
20 february 2023
(miningreview.com) - International investment in Angola’s mining sector has historically been limited relative to oil and gas, with capital deterred by accusations of grand corruption under former president José Eduardo dos Santos. However, the election of reformist president João Lourenço in 2017 ushered in major improvements to the business environment, including a reduction in the role of the state in the economy, a sustained anti-corruption drive and the introduction of greater transparency. Lourenço’s re-election for a second term in August 2022 provides additional grounds for mining investors to reconsider Angola’s potential in 2023.
Russia's conflict diamonds: Who profits most from the ongoing trade?
17 february 2023
(thestar.com.my) - A jeweller wearing gloves carefully drapes diamonds on a bed of velvet in a shop window in Antwerp’s diamond district, a hub for the trade for more than five centuries. Quietly, discreetly, €37bil (RM173.6bil) changes hands here every year, according to the Antwerp World Diamond Centre. Asked where the diamonds come from, a jeweller answers drily: “I wouldn’t ask.”
