News
Indian jewellers promote natural diamonds amid competition from lab-grown stones
Falling prices for lab-grown diamonds and their resulting rise in market share are transforming India’s diamond jewellery market and prompting jewellers to take proactive measures.
Today
Ethiopia opens first gold refinery to serve region
Ethiopia has inaugurated its first gold refinery, a $50 million joint venture that the government hopes will establish the country as a regional hub for precious metals processing, Prime Minister Abiy Ahmed announced over the weekend, according to Reuters...
Today
Anglo American bets R11.2B on South African mining's future
Anglo American has reaffirmed South Africa's potential as a premier mining investment destination, even as the company commits R11.2 billion ($677 million) to an ultra-high dense media separation iron-ore project at Sishen in the Northern...
Today
Nornickel forecasts $4 billion in precious metals revenue for 2026 - report
A senior Nornickel representative noted that the company expects to generate $4 billion in revenue from precious metals sales this year.
Today
Russia to build first permanent REM magnet plant
In 2028, Russia is set to start the construction of its first plant for manufacturing permanent magnets from rare-earth metals (REM) in the city of Glazov, to be commissioned in 2029 with an initial capacity of 500 tonnes per year, said Andrey...
Today
Israel’s Diamond Financing Sinks to $0.5 Bln
16 may 2025
(edahngolan.com) - Bank financing for Israel’s diamond industry has plummeted to $508 million (1.88 billion NIS) utilized in 2024, representing a historic low. The Israeli diamond center is experiencing a protracted decline in market activity, resulting in diminished financing utilization and allocation.
Peabody claims material adverse change in Australia steelmaking coal assets deal, Anglo American says not so fast
14 may 2025
Peabody Energy, a leading coal producer, formally notified Anglo American that it believes a material adverse change (MAC) has occurred, potentially jeopardising its planned acquisition of Anglo’s Australian steelmaking coal assets.
Facing Facts: Outstanding Return Followed by Speculative Tariff Premiums
09 may 2025
(lbma.org.uk) - Gold’s outstanding rise overwhelmed the leading global equity indexes in 2024, underscoring its growing value as a safe asset against ever-rising market turbulence.
Misleading advertising under the microscope
30 april 2025
(jewellermagazine.com) - A recent announcement from the Australian Competition and Consumer Commission (ACCC) has highlighted areas of concern that will be targeted in the year ahead, and jewellery business owners would be wise to take notice
Precious Metals and Trump 2.0: A Time of Elevated Uncertainty
25 april 2025
(lbma.org.uk) - It is said that history does not repeat itself but it sometimes rhymes, and as President Trump took the oath of office for a second time in January 2025, there were many familiar verses from his first term.
