US Holiday jewelry sales expected to skyrocket

According to Mastercard SpendingPulse, US jewelers can expect revenue from jewelry sales in the US between November 1 and December 24 will grow 59% compared to the same period last year.


Australia becomes world’s biggest producer of gold for first time

Australia has become the world’s biggest producer of gold for the first time, having played second fiddle to China for the last decade. Australia unearthed 157 tons of gold in the first half of the year, pipping China by four tonnes.


Nigerian minister mulls death penalty for gold smuggling – report

Nigeria’s deputy minister in charge of mines and steel development has called for the death penalty for gold smuggling in the West African country.


Gemfields back to black

Gemfields is expected to register a net profit after tax of $23.8-million in the first half of the year compared with the net loss after tax of $56.7-million, a year earlier. Earnings per share are expected to be 2 US cents from a loss per share of 4...


Debmarine Namibia's new diamond recovery vessel to arrive in SA next week

Debmarine Namibia’s new N$7 billion diamond recovery vessel, Additional Mining Vessel #3 (AMV3), is expected to arrive in Cape Town, South Africa next week ahead of commissioning early next year.


Duffy to be supported by “seasoned miners”, says Petra’s Dippenaar as makes final bow

22 february 2019
( - Outgoing Petra Diamonds CEO, Johan Dippenaar, who will leave the company at the end of March after more than 12 years in the job, has no immediate plans other than spending time with his family, he said in an interview on Monday. Duffy, who was most recently involved in a renewable energy start-up, does not have the same in-depth knowledge of the diamond sector as Dippenaar. However, Dippenaar said Duffy would be supported by a strong CFO and COO, both of whom are “… seasoned diamond miners and marketers”, as well as by chairman, Adonis Pouroulis.