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
Sergey Vybornov, President of ALROSA – “Sales to Gohran do not Mean Going into the Thriftbox”
03 february 2009
There is not a single industry in the world economy left unaffected by the crisis. The luxury market is no exception – people stopped spending money to buy diamonds. Sergey Vybornov, President of ALROSA, in his interview to the Vedomosty Daily told how diamond mining companies would back up the market and how ALROSA was going to weather out rough times.
Pre-New Year Jewelry Sales in Russia
02 february 2009
In the run-up to the New Year almost all jewelry networks promised discounts for their goods to attract customers to their stores. Russian Information Agency RosYuvelirExpert compared offerings of various stores to find out how the networks are winning over their clients.
Watch-Making Industry in 2009
30 january 2009
In its own way, the ‘crisis’ denotes an important cultural transformation. The inflation that has been symbolic, in terms of image, and concrete, in terms of size, of the gigantic ‘monster’ timekeepers - these ‘über-watches’ that have flourished nearly everywhere - is now over. It reminds us of the car lots full of unsold Hummers and SUVs.
Unemployed in the Land of Diamond Fields
28 january 2009
Although Russia met the crisis more or less prepared, the problem of unemployment has not skirt this country and is manifested ever more persistently causing social tension in provinces, including those mining diamonds.
Discount Eastern Style – One Kilo of Gold
27 january 2009
The Middle East is brisk with business these days flocked by gold hunters from around the world, including Russia, who are coming here after gold bullions and coins, which are selling like hot cakes pushing gold statistics upwards. Gold’s performance is impressive considering the massive wealth destruction that took place elsewhere in financial and commodities markets.
