Nosiphiwo Mzamo: South Africa’s State Diamond Trader to buy diamonds from other African countries

South Africa’s State Diamond Trader (SDT) is set to buy diamonds from other African countries starting with Botswana. SDT’s chief executive Nosiphiwo Mzamo told Rough & Polished’s Mathew Nyaungwa at the country’s inaugural diamond show, which...

10 february 2025

Edahn Golan: Halo effect from lab-grown diamonds driving high demand for large, 2-carat natural stones in the U.S.

Edahn Golan, owner of the eponymous Edahn Golan Diamond Research and Data, told Rough & Polished's Mathew Nyaungwa in an exclusive interview that their research found a halo effect from lab-grown diamonds. He said the trend among lab-grown diamond...

27 january 2025

Paul Zimnisky: We will see a modest recovery in natural diamond demand and prices in 2025

According to Paul Zimnisky, an independent diamond and jewellery analyst and consultant based in the New York metro area, the natural diamond industry will see a modest recovery in demand and prices this year. Zimnisky said a moderate recovery would...

13 january 2025

African Diamond Council makes traceability its top priority, wants KP to embrace Authentia.io

The African Diamond Council (ADC) has made traceability its foremost priority and has been contributing to a traceability solution called Authentia.io for the last three and a half years, which is now ready to globally satisfy the traceability...

16 december 2024

Gaetano Cavalieri: CIBJO leading the jewelry industry on critical issues

One of the gem and jewellery industry’s most well-known and respected personalities, Dr. Gaetano Cavalieri, has been the president of the World Jewellery Confederation (CIBJO), for the past 23 years. CIBJO is the oldest international organisation...

09 december 2024

AngloGold Ashanti anticipates a decline in first-half earnings

03 august 2023

AngloGold Ashanti expects its basic earnings for the six months ended 30 June 2023 to be between $25 million and $54 million, resulting in basic earnings per share (EPS) between 6 and 13 US cents, a decrease of 82% to 92% compared to the prior-year period.

Comparative basic earnings and earnings per share were $298 million and 71 cents, respectively.

It predicted that the period's headline earnings would be between $125 million and $155 million, with headline earnings per share (HEPS) between 30 and 37 cents, a decrease of 48 to 58 percent compared to the prior period.

The headline earnings and HEPS for the prior year were $300 million and 71 cents, respectively.

Due to non-cash impairments and derecognitions in Brazil, the anticipated decline in basic earnings for the period compared to the prior period was $103 million after taxes, or 24 cents.

Cuiabá's Queiroz metallurgical factory, Córrego do Stio, suspended operations due to operational underperformance during the buttress at Calcinados tailings storage facility and derecognition.

Anglo Gold expects gold production for the period to reach 1.236Moz (million ounces), compared to 1.233Moz during the prior period.

Following a stronger second quarter, it predicted that gold production would be marginally higher year-over-year, with enhanced production contributions from Obuasi, Sunrise Dam, Geita, Iduapriem, and Tropicana operations.

The increase in gold production was also driven by a higher overall recovered grade for the group, partially offset by lower tonnes processed.

Mathew Nyaungwa, Editor in Chief of the African Bureau, Rough&Polished