IIJS Premiere 2021 concludes successfully; generates around $6.75 bn business

The 37th edition of IIJS Premiere 2021, the flagship trade show of the Gem & Jewellery Export Promotion Council (GJEPC) of India, held in Bengaluru concluded successfully with the participation of 1,300+ exhibitors and over 21,000 visitors...

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Henan LiLiang Diamond issues public offering; listed on the second board

Henan LiLiang Diamond Co. Ltd issued its initial public offering and was listed on the second board recently as announced by Guangzhou Diamond Exchange (GZDE), an international diamond trading platform serving as a gateway for the diamond industry...

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Gareth Penny, Norilsk Nickel Chairman arrives in Norilsk

Gareth Penny, Chairman of the Board of Directors of Norilsk Nickel arrived in Norilsk to personally get acquainted with the progress of work on the company’s most important projects in the Norilsk Industrial Region (NIR).

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Armenia puts up for sale more than half of valuables from state reserve

On September 24, the Government of the Republic of Armenia approved the sale of the most illiquid valuables stored in the vaults of the State Treasury of Precious Metals and Stones supervised by the Ministry of Finance of Armenia. The auctions will take...

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Caledonia Mining acquires new gold mining project in Zimbabwe

Caledonia Mining has entered into an agreement to acquire the mining claims over the Maligreen project, a property situated in the Gweru mining district in Zimbabwe from Pan African Mining for $4 million.

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Alrosa Nearing Inventory Deal with Govt.

07 august 2020

(diamonds.net) - Alrosa expects to finalize a sale of rough to Gokhran in the next two months, aiming to reduce its stockpiles while ensuring the diamond industry doesn’t receive a flood of goods. Gokhran — Russia’s state gem and precious-metal depository — will store the diamonds until the market stabilizes, Alrosa deputy CEO Evgeny Agureev said Monday. The parties are currently negotiating the sale terms. “It will be very important for our industry, because [it] will also provide the confidence to [the] midstream that [excesses of diamond stocks will be] limited,” the executive told Rapaport News. “The government will not try to sell these goods in [the] short term.” Gokhran often buys from Alrosa to help it during downturns, mostly notably in 2009, when it purchased an estimated $1 billion worth of inventory. Last year, the governor of Yakutia, which owns Alrosa shares, proposed that the miner sell $500 million to $1 billion of goods to the state. The current talks are about a transaction in that range, Agureev confirmed.