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
IDEX Online Research: Polished Diamond Prices Unchanged in October
18 november 2009
Polished diamond prices showed almost no movement during October, the final month for diamond shipments into the U.S. market for Christmas consumption, according to the IDEX Online Polished Diamond Price Index. The Index had its narrowest trading range in months – it moved less than a hundred basis points between the high point and the low point during October.
India buys 200 tonnes of IMF gold for $6.8bn
17 november 2009
The sale surprised traders who expected China to buy the gold and fuelled speculation that other governments, including Beijing, may be ready to diversify their reserves. The International Monetary Fund has sold 200 tonnes of gold to the Reserve Bank of India for $6.8 billion, quietly executing half of a long-planned bullion sale that has threatened to slow gold's ascent.
Zale Reports $190M Loss for FY09
16 november 2009
Zale Corporation reported that its fiscal-year 2009 results were "significantly below expectations," www.diamonds.net says. The jeweler's revenues fell 16.8 percent to $1.78 billion and it reported a loss of $189.5 million, or $5.94 per share. For fiscal-year 2008, Zale's revenues were $2.14 billion and the jeweler restated its profits as $631,000, or one cent per share, down from the previously reported $10.8 million.
Scepticism over Alrosa sales, price claims
13 november 2009
A flurry of sales and revenue claims posted on the Alrosa website have yet to be substantiated by the chief executive, Fyodor Andreyev, or Alrosa's spokesman, Andrei Polyakov.
Fall fashion favors neck, wrist wear
13 november 2009
The editors of the fall fashion magazines have spoken, and for the upcoming season, they're placing their bets on oxidized sterling silver and yellow gold in close-to-the-collar necklaces, statement-making cuffs and stacks of bangles.
