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

How to solve the diamond industry’s great rift?

29 march 2021
(professionaljeweller.com) - As the diamond industry begins to get back on its feet and look to a post-pandemic world, an internal issue is on the agenda that is threatening to boil over and requires urgent attention. In the 1980s and 1990s it was plagued by the bad press that came with the conflict or blood diamond furore. Large strides had been made by the end of the century, with the estimated portion of the market that conflict stones accounted for reduced from over 20% to a reported 1% in 2004. Despite this success, the industry has never completely shaken off the reputation it gained during these years. Growing consumer demand for provably responsible business practices in recent years has seen the spotlight once more fall on providers of diamonds and diamond jewellery. Traceable, sustainable and ethical supply chains are now a must for any retailer or brand hoping to trade in precious stones. What do those behind the curtain think about the industry’s dirty reputation?