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.

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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.

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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.

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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...

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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.

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Tensions Rise over Definition of Conflict Diamonds

12 july 2021

(diamonds.net) - A recent global meeting of the Kimberley Process (KP) ended in controversy as Chinese delegates allegedly clashed with a representative of nonprofit organizations on the issue of conflict diamonds. Attendees from China interrupted a closing statement by Shamiso Mtisi, the coordinator of the Civil Society Coalition, after he criticized the country’s approach to the matter, Mtisi claimed this week. Part of the Chinese delegation left the Zoom meeting in protest, according to another participant. Speaking at last month’s intersessional, Mtisi singled out China, India and Angola for failing to make progress on the KP’s definition of conflict stones, a central point of debate within the KP.