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.

Yesterday

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.

Yesterday

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.

Yesterday

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...

Yesterday

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.

Yesterday

Huge discounts on polished diamonds to clear inventories

08 july 2019
(TheTimes of India) - Diamantaires in the world’s largest diamond cutting and polishing centre in Surat are offering huge discounts to clear their inventories because prices of polished diamonds have witnessed a sharp fall beyond 20% in the last one year. Diamond traders of Mahidharpura and Varachha diamond markets are purchasing polished diamonds at discounts ranging from 5% to 10% from the manufacturers who fear prices to fall further in the next few months.