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

De Beers prohibits clients dealing in lab-grown diamonds from using its logo

24 december 2019

(indiatimes.com) - De Beers, world’s largest diamond mining company, has issued guidelines to its sightholders informing them that business entities dealing in both natural and lab-grown diamonds will not be allowed to use the company’s logo. In a letter issued to companies in Surat and Mumbai, the mining company, which in 2018 forayed into gem-quality synthetics with the launch of its Lightbox brand, is demanding that the businesses make full disclosures about their products, segregate synthetics from their natural supply and avoid making unproven claims.