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

No Room For Snobbery

07 august 2020
(idexonline.com) - Are you a diamond snob? I'm not asking whether you want them bigger, brighter and beautifuller. I'm asking a different question. I'm asking how you feel when you hear about precious stones being exploited far beyond the traditional world of jewelry? Two stories caught my interest in recent days. The was first was about a US rapper called Gucci Mane having porcelain veneers fitted to his teeth, encrusted with $250,000 of diamonds. The second was about an Australian goldsmith called Colin Burn, who created a chess set worth $4m out of diamonds, pearls and sapphires. You're either nodding your head in approval, or shaking it despair at this point. Diamonds thrive on the position they achieved back in the days of Cecil Rhodes, and which they've sustained until now. Wince if you want to when you see them plastered onto a gadget or fashion accessory, but remember they're fighting the PR battle for you.  So there's no room for snobbery.