News
De Beers transfers initial BWP 1 billion contribution to Botswana’s Diamonds for Development Fund
De Beers has transferred its initial BWP 1 billion ($73 million) contribution to the Diamonds for Development Fund, marking a major milestone for the initiative designed to support Botswana’s long-term economic diversification.
Today
Valterra Platinum's refined PGM output falls 41%, sales decline 27%
Valterra Platinum's refined platinum group metal (PGM) production decreased by 41% to 576,900 ounces for the third quarter ending 30 September 2026.
Today
Swiss watch exports rise 11.7% in September, driven by sharp U.S. shipments increase
In September, the value of Swiss watch exports grew by 11.7% compared to the same period last year, reaching 2.226 billion Swiss francs ($2.74 billion). This marks the fourth consecutive month of growth.
Today
New $1.8bn copper smelter under construction in Kazakhstan
Construction of the Aktogay copper smelter has begun in the Abai Region of eastern Kazakhstan. The $1.8 billion project is being implemented by the KAZ Minerals group.
Today
Anglo American appoints Anne Wade as senior independent director
Anglo American has appointed Anne Wade as senior independent director, effective immediately.
Today
Luxury on the low
02 december 2009
With inconspicuous consumption the new imperative for the stylish, jewelry designers keep diamonds, metals subtle.
Despite economy, 'green' still draws interest
01 december 2009
New York - All that glitters and is "green" was on full display last night in Manhattan at eco-luxe, a one-night showcase of luxury products that are eco-friendly and sustainable, according to National Jeweler. Fittingly held at environmentally conscious restaurant Rouge Tomate, the event showcased everything from reusable water bottles designed to cut down on plastic waste to a $3,000 wedding dress made entirely of 100-percent-natural Portuguese cork.
Jewelry Industry Dissociated from the State
30 november 2009
In the annual message of the President of the Russian Federation to the Federal Assembly the jewelry industry has not been mentioned among priority issues. And jewellers themselves - for instance, from the Guild of Jewellers of Russia Association – came to know in actual practice about the absence of constructive interest on the part of appropriate ministries and agencies towards the jewelry industry. Sometimes, this comes to the point of absurdity: the jewelry public expresses its intention to fight smuggled goods to meet the interests of consumers, while the Federal Customs Service is stoutly against disclosing data on jewelry import and export (these data could help to calculate the share of illegal jewelry traffic in the Russian retail market).
Market stirs, with pick-up expected in 4Q
27 november 2009
While the trend of buy-backs recently reared its head in the diamond world (read: Cash for Diamonds USA), experts recommend that sales professionals focus on the enduring value of the diamond jewelry purchase. A big fourth-quarter marketing push expected from De Beers might give the category a much-needed boost for the holiday season.
Consumers weigh in on the 'new frugality'
26 november 2009
For the past six months, we've seen and heard about the recovery of the U.S. market: the DOW has ticked up and the Fed chair has said the recession is "likely over." But ultimately, the consumer will determine when our economy is back on track when you consider that consumer spending accounts for roughly 70 percent of U.S. economic activity.
