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.

17 september 2021

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.

17 september 2021

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.

17 september 2021

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...

17 september 2021

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.

17 september 2021

Sparkle fades for diamond industry as demand wanes

11 september 2019
(thenational.ae) - Millennials are killing the diamond industry. At least, they are taking their money and spending it elsewhere, much to the dismay of jewellers and diamond miners. Diamond sales are struggling precisely at a time when a new generation of young people are expected to be getting married – with young men especially digging into their wallets to pay for engagement rings. When they do spend money on diamonds, it is just as likely to be a synthetic stone, grown in a laboratory rather than retrieved from a mine. Martin Rapaport, editor of the diamond industry’s voice, Rapaport Diamond Report said as much in a recent widely circulated editorial.