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

Following Exposé, De Grisogono Files for Bankruptcy

31 january 2020

Image credit: de Grisogono

( - High-end jeweler de Grisogono has filed for bankruptcy in Switzerland, shortly after reports linked it to shell companies controlled by Isabel dos Santos, the daughter of Angola’s former president, and her husband, Sindika Dokolo. In a statement, the company told JCK that it has been up for sale for “several months now. “Despite important progress, the transaction did not go through,” it said. “Without financial support from the current shareholders and without a new investor, unfortunately, the company cannot continue as a going concern.” If the court approves its filing, all of its 65 Swiss employees will be dismissed, it said.