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

Stake on Diversification

08 december 2008

The impact of the financial crisis will bring some sectors into a recession, says a new report by business consulting firm Bain and Co. commented by the National Jeweler Magazine. How much and how long depends in part on how companies react. The most resilient will be those with strong international and diversified brands.

Threats Concealed behind Global Financial Crisis for Russian Diamond Industry

05 december 2008

The global financial crisis originated in America continues to pick up steam. The crisis on the mortgage market flopped to the world’s stock markets having collapsed stock quotes across all trading floors. The Russian economy being part of the global system has turned involved into this process.

Blue Topaz

04 december 2008

GemClear LP, an independent laboratory licensed by the U.S. Nuclear Regulatory Commission (NRC) to test gemstones for radiation, has issued its first Exempt Distribution Certificate for mounted blue topaz to a Fifth Avenue jeweler, National Jeweler reported.

Internet Does Not Give Ground

03 december 2008

According to a Jewelry Consumer Opinion Council (JCOC) study, the Internet is a way of life for 95% of those polled, says the Israel Diamond Industry Portal. Exactly 70% of panel members use the Internet several times a day or more and 25% use the Internet at least once a day. Google is the most commonly used search engine when searching for fine jewelry. Another 11% of those polled stated they use multiple search engines when searching for fine jewelry online. Some one-third of panel members have purchased fine jewelry online with Internet auction sites, the most common choice for online shoppers.

Burmese Ruby

02 december 2008

As is reported by National Jeweler, on September 29, 2008 the American embargo on importing gems from Myanmar came into force. This happened 60 days after President George Bush signed the Tom Lantos Act into law. National Jewler says the gemstones which have already been imported to the United States from Myanmar may take part in any transactions, at least until all such stones will be sold.

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