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
If Platinum, then Fine
22 october 2008
An effort by the U.S. Federal Trade Commission to broaden the use of the word “platinum” to include alloys combining platinum with base metals has drawn strong criticism from a number of jewelers, which believe that such widened interpretation will cause confusion among jewelry buyers.
A Few Strokes to Consumer’s Portrait
21 october 2008
Mass consumers in the United States and European Union countries are forced to trim their spending due to economic problems, the Expert Magazine states. Growing unemployment, inflation and a lack of confidence in the future – all these factors contributed to a more careful treatment of cash.
Consumer Stuff of Deluxe Edition
20 october 2008
Quite recently, diamond-encrusted cellular phones and notebooks as well as cars inlaid with gold and Swarovski crystals were on everyone’s lips viewed upon as moneybags’ freaks. However, this segment of the jewelry and diamond market is developing at a brisk pace finding more and more partisans among the largest marketers.
Recession does not Guarantee New Upswing
17 october 2008
Jewelry experts and industrialists continue their dispute about how strong is the influence of economic problems on the state of affairs in the industry. The opinions aired are opposite.
Customs against Tolling
16 october 2008
The Central Excise Customs lodged a claim with the biggest jewelry companies in Russia for hundreds of millions of roubles – the customs agency already filed more than 30 lawsuits to the Arbitration Court of Moscow. The customs authorities demand that duties be paid not only from the cost of manufacturing jewelry abroad, but also from the cost of rough materials belonging to Russian ordering customers. Payment of such duties will trigger jewelry price growth and sanctions to jewelers for violating the customs regulations.
