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.
Today
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...
Today
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...
Today
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.
Today
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...
Today
Empty offices, lost orders: India's diamond hub stands idle as steep US tariffs loom
29 august 2025
(reuters.com) - The Surat Diamond Bourse — billed as the world's largest office complex, surpassing even the Pentagon in size and symbolizing India's growing trade ambitions — stands eerily quiet, with only a few traders at work
Will Trump’s India tariffs shut down world’s biggest cut diamond supplier?
22 august 2025
(aljazeera.com) - For Kalpesh Patel, Diwali, the festival of lights celebrated across India, might well mark lights out for his eight-year-old diamond cutting and polishing unit. The 35-year-old employs about 40 workers who transform rough diamonds into perfectly polished gems for exports at the small factory in Surat, a city located in the western Indian state of Gujarat.
Are Diamonds Even a Luxury Anymore? De Beers Reckons With Price Plunge
15 august 2025
(wsj.com) - De Beers chief executive Al Cook wants to save a generation of lovers and newlyweds from what he calls a “huge con” when it comes to buying diamonds.
Lab Grown Grading: The Big Divide
08 august 2025
(idexonline.com) - Should lab growns be graded like natural diamonds? It's a simple enough question, but the answer is not so straightforward, as evidenced by three announcements in recent weeks by three labs - all taking different positions.
Trump’s Critical Minerals Obsession Reignites Deep-Sea Mining
01 august 2025
(bloomberg.com) - The leader of one of the most aggressive seabed mining startups spent years invoking global warming to spark interest in extracting avocado-sized rocks rich in electric-vehicle battery metals from the bottom of the ocean.
