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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A Fancy Contrarian Opportunity

12 april 2021
(streetwisereports.com) - From an investment perspective, diamonds may be one of the last contrarian bets left within the commodity complex. Base metals, battery metals, precious metals—prices of each have surged in the past year as inflation looms. Diamonds have lagged until recently, despite favorable supply-demand dynamics coming out of a long bear market that saw global diamond exploration screech to a virtual halt. Large diamonds and rare colored diamonds are leading the way. Last year Louis Vuitton, the world's most powerful luxury brand and the recent acquirer of Tiffany & Co., purchased two of Lucara's most prized diamonds—the 1,758-carat Sewelo and the 549-carat Sethunya (above)—with plans to turn them into brilliant centerpieces. The Sewelo is the second largest rough diamond ever mined. A 59.6-carat fancy pink diamond, the "Pink Star," sold for a record US$71.2 million in 2017. Smart contrarian investors are taking notice.