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

Is the sparkle fading?

09 september 2019
(mumbaimirror.indiatimes.com) - According to data compiled by The Gem and Jewellery Export Promotion Council (GJEPC), India’s exports of polished diamonds between April and July dropped to $6.7 billion (a little over Rs 48,012 Crore) as compared to $8 billion (over Rs 57,328 Crore) during the same period last year. Macroeconomic uncertainty, the impact of the US-China trade war, low consumer confidence and large inventories of polished stones, are just some of the challenges before the industry. It’s also been grappling with the threat of diamonds produced by chemical vapour deposition (CVD). And while Paul Rowley, De Beers Group’s EVP — diamond trading and distribution, acknowledges that these and other challenges will make for a bumpy road ahead, he remains optimistic about the industry’s long-term prospects.