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.
Yesterday
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.
Yesterday
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.
Yesterday
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.
Yesterday
Anglo American appoints Anne Wade as senior independent director
Anglo American has appointed Anne Wade as senior independent director, effective immediately.
Yesterday
Biting Frost of Crisis
12 january 2009
If we try to epitomize the evaluations and moods reflected by the Russian mass media last November and December, it will be correct to say that jewelry trade in this country is getting the feel of crisis. If two or three months before this period there was a surge in sales (although not in every province), this time jewelry industry participants are openly speaking about decreased demand for their products.
Precious Metals Market
11 january 2009
The latest metals monthly report from Fortis/VM Group suggests that the majority of the metals markets must expect further price declines in the first quarter of 2009, before a recovery that will take prices higher by year-end, although gold will be more robust.
Design 2009
31 december 2008
As the current year is ticking off its last hours many jewelers hope the New Year bells will chime in a fresh breeze in their business. It will, but not for pipe dreamers. The coming year may turn into an opportunity for those who will be able to conquer a “tight-fisted” market where design is going to be its major selling commodity shaped into slimmer but more enticing jewelry.
Jewelry Business: Sailing Upwind
30 december 2008
On the drab background of generally downbeat business news brought by the four winds of the globe some segments of the jewelry industry seem to be gearing up for better times ahead.
Sharp Drop In Rough Diamond Prices Signals Harder Times For Jewelers
29 december 2008
Now with demand failing and the dollar strengthening diamond prices should drop which is exactly what is happening. Some firms have already lowered their asking prices on smaller goods according to industry analysts. But demand still hasn’t increased. The question is will diamond producers voluntarily work in unison to limit the sale of rough to protect prices in the absence of the “Cartel”?
