News
Tharisa meets FY2026 guidance, Karo Platinum fully funded as net debt swings to $51m
Tharisa has reported full-year production in line with guidance for both platinum group metals (PGMs) and chrome concentrates, while confirming its Karo Platinum project in Zimbabwe is now fully funded following a $300 million bond issue.
Yesterday
Israel’s diamond sector poised for revival following tax reforms and De Beers comeback
De Beers, one of the world's major diamond market players, has announced the resumption of its operations in Israel after a nine-year absence, which became the latest sign of revival of the diamond industry in the country.
Yesterday
Kefi Gold and Copper restarts Tulu Kapi development after safety review
Kefi Gold and Copper has resumed development at its Tulu Kapi gold project in Ethiopia following a suspension that began on September 7 after a serious safety incident three days earlier.
Yesterday
Nornickel implements smart melt monitoring system
Norilsk Nickel has installed a smart melt monitoring system at its metallurgical plant in Norilsk in collaboration with Reksoft. The system uses computer vision to assist the converter operator in identifying phases during the tapping process.
Yesterday
ALROSA to help amplify Arctic agenda at UN
In preparation for the 31st UN Climate Change Conference (COP31), ALROSA experts and other stakeholders from Russia discussed a unified approach to strengthening the country’s position and the Arctic agenda at UN climate conferences.
Yesterday
Helzberg Reports Roaring Sales of 2ct. Lab-Growns
11 april 2022
(diamonds.net) - Helzberg Diamonds’ lab-grown products saw strong growth last year as the lower prices let consumers buy larger stones, according to the company’s CEO. The 2-carat lab-grown diamond has become “the new 1-carat mined diamond,” Beryl Raff said in a panel discussion at the recent Dubai Diamond Conference. “In 2021, we sold, in units, 50 times more 2-carat labs than we sold 2-carat mineds,” Raff continued. “That customer took the average ticket up with it: Where they would have been a $4,000 to $6,000 customer, they became a $7,000 to $9,000 customer, because the difference [in price relative to the size] is enormous.”
The Russian Question: deciphering the diamond disruption
08 april 2022
(jewellermagazine.com) - The Ukraine conflict and the resulting sanctions on Russia have had a major impact on the international diamond industry. Robert Bouquet analyses the effect on the distribution pipelines and what’s in store for the jewellery sector.
The Diamond Origin Dilemma
07 april 2022
(diamonds.net) - The recent US sanctions on Russian diamonds have shone a spotlight on the trade’s traceability programs, and have left retailers between a rock and a hard place.
Gold jewellery is trending among China’s Gen Z
06 april 2022
(voguebusiness.com) - Gold jewellery is trending among China’s Gen Z customers, shaking up a market dominated by silver and diamonds. Gen Z and millennials accounted for 20 per cent of gold jewellery purchases in Beijing malls, up from 10 per cent last year, according to a report by CCTV Finance. In an interview with CCTV Finance, Ye Bin, the store manager of China Gold's flagship store in Beijing, said that sales during the Spring Festival holiday increased by 60 per cent year-on-year, driven by younger customers. And, there’s growing potential: a survey conducted by the World Gold Council in 2021 found that 60 per cent of Chinese consumers have not yet purchased gold jewellery, but are considering it, up from 16 per cent in 2016.
Russia Turns To Gold, Platinum, Diamonds and Rare Earths As Ruble Value Diminishes
05 april 2022
(russia-briefing.com) - US analysts had better have had their sums right in casting out Moscow when it comes to Russian global dominance in precious metals, diamonds, and rare earths, while the US dollar continues its decline against global gold reserves.
