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
Jewelry Websites Experience Double-Digit Growth despite Slowdown
02 september 2009
In Great Britain online sales are expected to more than double to $34.6 billion (GBP 21.3 billion) by the end of 2011, making up for the expected decline in trade at U.K. high street stores. A survey by online payment system PayPal predicted that sales in physical stores will plummet by up to $13.5 billion (GBP 8.3 billion) by the end of 2011 while online sales are expected to rise to GBP 21.3 billion from just less than $14.6 billion (GBP 9 billion), resulting in modest growth for overall sales.
Diamond mining is not forever, SAfrica learns
01 september 2009
The glittering diamonds are almost gone and as the lustre fades on South Africa's Diamond Coast, desperate ghost towns are left clinging to the last signs of life. The heyday of diamond mining may be over, but the restoration of a once-pristine landscape along the country's west coast should turn this wasteland of scarred earth into a tourist paradise.
International Reserves of the Russian Federation
31 august 2009
Russia’ international (gold and foreign exchange) reserves, which were continuously growing from 2000 and on 08.08.2008, by the time the crisis started to affect its national economy, were fixed at a record level of $598.1 billion, are an important factor of stability in the Russian economy. Having such a great amount of financial reserves Russia has virtually not invested them in its own economy but instead rendered an indirect assistance to the economies of the United States and Eurozone investing its reserves into dollars, euros and securities of these countries. On the other hand, Russia has spent much effort to attract foreign investments.
Recession Affects Sales of Wedding Bands in U.S.
28 august 2009
The results of the bridal study conducted by the Jewelry Consumer Opinion Council (JCOC) revealed some interesting marriage trends in light of the U.S. recession that remains firmly in place. Most noteworthy, even though the sample size of the study was relatively small, with only 362 online participants, 25 percent said that the wedding plans had been postponed, either temporarily or indefinitely, due to the recession. An additional 3 percent cited non-economic reasons for postponed weddings.
Myanmar is Gearing Up for Facet Sri Lanka 2009
27 august 2009
Despite the downturn in the world economy and U.S. government’s sanctions against it Myanmar judging by the recent show of precious gems held there was affected neither by the first, nor by the second. What’s more, trying to consolidate its success won during its own exhibition this country is now gearing up for the show in Sri Lanka.
