Platinum-group metals price hit due to stagnant auto production

The shortage of semiconductors is negatively affecting the price of platinum-group metals as investors brace for a long-lasting hit to car production.


Zimbabwe security forces arrest 72 illegal diamond miners

Zimbabwe Republic Police and the Zimbabwe National Army (ZNA) arrested at least 72 illegal diamond miners in a joint operation to remove hundreds of artisanal miners who invaded the Charleswood Estate in Chimanimani in search of alluvial diamonds...


Earthquake halts operations at Victorian gold mine

Australia’s White Rock Minerals has suspended underground operations at its Woods Point gold project after an earthquake struck near Mansfield in Victoria. The earthquake struck at 9:15 am on 22 September occurring 10 kilometres beneath the surface at...


DMCC announces Ambassadors of WDC’s System of Warranties

DMCC has announced that its Executive Chairman and Chief Executive Officer, Ahmed Bin Sulayem, and its Special Advisor - Precious Stones, Dr Martin Leake, have been appointed as ambassadors of the World Diamond Council’s (WDC) updated SoW initiative...


WDC launchеd an upgraded and expanded System of Warranties

The World Diamond Council (WDC) has marked the 40th anniversary of the establishment by the United Nations of the International Day of Peace with the official public launch of its upgraded System of Warranties (SoW).


UBS: More than 80K stores likely to close in the next 5 years

05 may 2021

( - The pandemic year was brutal for most retailers, and for many it meant a trip to bankruptcy court. Yet some of the worst fallout is happening now, as the industry takes stock of which consumer trends turn out to be permanent and which may be fleeting. While the extent of any permanent online shift is yet to be determined, for example, UBS joins Wells Fargo, the Conference Board and AlixPartners in its finding that from now on, more consumers will continue to buy more online. In their report, UBS analysts said they assume that e-commerce penetration will reach 27% in 2026, up from 18% last year. That's changing the landscape, literally: By UBS's measure, Amazon last year grew its U.S. fulfillment space by some 100 million square feet; that plus Wayfair's fulfillment expansion reached the equivalent of 21,000 retail stores.