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...


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.


SA diamond producers welcome ruling on Mining Charter

The South African Diamond Producers Organisation (SADPO) has supported a High Court ruling that the country’s Mining Charter is an instrument of policy, not binding legislation.


Indian diamond exporter under Income Tax radar

The Income Tax department carried out search operations on premises connected to a leading diamond manufacturer and exporter from Gujarat and seized a large volume of unaccounted data. The raids, which began on September 22 based on intelligence input...


New RJC standard for lab-grown materials

Responsible Jewellery Council, the world’s leading standard-setting organisation for the global jewellery and watch industry with 1,500 member companies in 71 countries, announced that it will develop a standard for laboratory-grown materials to establish...


Diamond market now recovering from Covid-19, experts say

22 december 2020

( - The world’s natural diamond market all but shut down at the start of the Covid-19 pandemic. More than eight months later, experts say the market is beginning to recover. In March, the world’s supply chain for natural diamonds came to a screeching halt. The manufacturing hub in India – where almost all of the world’s natural diamonds are cut and polished – closed, along with international diamond showings and many jewellery stores. “The whole diamond pipeline, as it’s called, was just plugged,” said Tom Hoefer, executive director of the NWT and Nunavut Chamber of Mines. “There was certainly a multi-month period where business was essentially halted,” added Paul Zimnisky, a global diamond industry analyst based in New York. That business started to resume in August, Zimnisky said, and has since accelerated. Manufacturing capacity in India is now at around 90 percent of its prior level.