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
Is China to Replace India?
26 august 2009
China may soon displace India as the leading diamond processor in the world, thanks to its favorable government policies, vast pool of skilled technicians and robust domestic demand.
There cannot be a 50-percent discount for polished diamonds a priori – Kristall’s General Manager
25 august 2009
As is known, polished diamonds are forever and they will always remain pricy. However, the financial crisis which hit the economy late last year demonstrated that speculating in “eternal values” may contest this rule: rough diamonds and polished diamonds started to turn cheaper in some period. Over six month later the industry is showing first signs of recovery. Maxim Shkadov, General Manager of Kristall, Russia’s biggest diamond manufacturer, described to Interfax the situation on the rough and polished diamond market and the role played on it by the state.
Diamond Watches are a Strong Seller
24 august 2009
The good news about watches is that, despite the economic downturn, they're increasing as a percentage of overall sales for some 27 percent of National Jeweler's product panel members, and they are holding steady for yet another 48 percent.
Danziger Warns Luxury Marketers to Align Strategy with New Spending Norms
21 august 2009
After the recession, high net worth consumers will not return to spending their money on luxury goods the way that many marketing professionals have come to expect. The future will be "very ugly" for any luxury brand that fails to pay attention to the shift, warns Pam Danziger, industry marketing expert, following her extensive research into spending patterns of affluent consumers.
Playing Dangerous Games with Indian Diamond Banks
20 august 2009
In Mumbai diamond circles there is much talk about a candid “name and shame” letter in which a major diamond industry financing institution identifies a number of clients (some of them DTC Sightholders) who are defying their borrowing covenant with the bank, defaulting on their obligations and skirting the laws of the land.
