Russia’s legislators adopt a strange ‘law of intent’ on precious metals and precious stones

Federal Law No. 41-FZ “On Precious Metals and Precious Stones” was adopted in March 1998 and it has undergone 25 amendments since that time. The last amendment to Law No. 41-FZ was made through Federal Law No. 607-FZ dated December 29, 2022. Thus, the...

30 january 2023

WGC: Global economy at inflexion point while moving forward to year 2023

The World Gold Council, in its report 'Gold Outlook 2023' presents a picture of the world's economy and gold playing cat and mouse, given the uncertain situation that might arise in the coming year... After being hit by various shocks over...

23 january 2023

Miners expect year of tumult as recession, risk and consolidation change face of industry

(miningmx.com) - Gold mining companies would turn increasingly to industry consolidation through merger and acquisitions this year, said Mark Bristow, CEO of Barrick Gold. Speaking to Bloomberg News, Bristow also said that his company’s preference was to focus on the...

Today

Provenance Proof: Traceability from the source

(professionaljeweller.com) - A start-up launched in 2017, Provenance Proof develops new technologies and services to provide independent proven transparency and traceability. With digital and physical tracking solutions aimed at all industry players – from mine operators to end...

Yesterday

Electric vehicles throw palladium's mega-rally into reverse

(money.usnews.com) - Palladium, once the cheapest major precious metal, rocketed from less than $500 an ounce in 2016 to above $3,400 last March, leaving platinum and gold for dust. An era of breathtaking palladium rallies is likely to be ending, analysts said, as rising...

31 january 2023

Pan African H2 gold output dips

Today

Pan African registered gold production of 92,307 ounces (oz) in the six months ended 31 December 2022 compared to 108,085 oz, a year earlier.

The growth in demand for smartphones to support silver prices in 2023 - Heraeus Precious Metals

Today

A moderate increase in demand for smartphones will support silver prices in 2023, expects Heraeus Precious Metals, the world's largest processor and seller of precious metals.

Annual gold demand soars to a new decade high in 2022

Today

The World Gold Council’s latest 'Gold Demand Trends' report reveals that annual gold demand in 2022 increased by 18% y-o-y, hitting 4,741t – the highest annual total since 2011.

B2Gold sets target to reduce greenhouse gas emissions by 30% by 2030

Today

B2Gold has set a target to reduce its scope 1 and 2 greenhouse gas (GHG) emissions by 30% by 2030 against a 2021 baseline.

De Beers realises $450m from first rough diamond sale of 2023

Yesterday

De Beers earned $450 million from the first sales cycle of 2023 compared to $660 million, a year earlier or $417 million realised during the 10th sales cycle of 2022, according to data released by Anglo American.

Implats further extends longstop date for RBPlat buyout

Yesterday

Impala Platinum (Implats) has further extended the date set for fulfilment or waiver of the conditions precedent to its buyout offer to Royal Bafokeng Platinum (RBPlat) shareholders to March 31.

Asian gold dealers offer hefty discounts as high prices dent sales

Yesterday

Physical gold dealers in India offered the steepest discounts in 10 months this week to lure customers, as a sharp rally in local prices squeezed demand in the world's second-biggest bullion consumer.

Silver imports to India touch record high in 2022

Yesterday

Silver imports to India touched a record high last year. India imported a total of 9,450 tonnes of silver in the 2022 calendar year. The previous high for silver imports was 8,093 tonnes in 2015.

De Beers to start production at SA's Venetia underground project this year, establishes JV with Endiama in Angola

De Beers is expected to begin production at its Venetia underground project in South Africa this year, almost two years behind the initial commence date. Construction of the underground project started in 2013 and first production was targeted or 2021...

30 january 2023

“Although we’re the 7th world gold producers, we have to buy the metal in USA”

With more than 45 years in the industry, Clemente Guevara runs New Fashion Peru, one of the three largest jewelry companies in the country. All together control the 90% of a 120-million-dollar jewelry export market. Mr. Guevara is also a member of...

23 january 2023

Consumers are testing a vastly less-expensive alternative to natural diamonds - Vin Lee, CEO of Grand Metropolitan

Vin Lee, the self-made billionaire CEO of Grand Metropolitan of USA, is popular as the 'King of Luxury'. The Beverly Hills family office 'Grand Metropolitan' is a $7 billion AUM privately held luxury goods holding company with a 60-brand...

16 january 2023

"Surat Diamond Bourse will become the voice of industry in the coming days," says Vallabhbhai Patel, Chairman of the Surat Diamond Bourse

Vallabhbhai Patel, Chairman of the Surat Diamond Bourse, looks towards the Surat Diamond Bourse (SDB) to play an important role in turning Surat into the world’s largest manufacturing and trading diamond hub in a short period. Vallabhbhai dreamed...

09 january 2023

Why are rough diamond prices falling? Edahn Golan has the answer

Diamond industry analyst Edahn Golan, owner of Edahn Golan Diamond Research and Data, says that rough diamond prices are falling mainly due to lower demand for polished diamonds. He said the midstream sector of the diamond industry is now much more focused...

26 december 2022