Anglo records EBITDA of R63 bln in H1

Anglo Platinum has recorded earnings before interest, taxes, depreciation, and amortisation (EBITDA) of R63.3 billion in the first six months of 2021, a 385% increase from R13.1 billion in the first half of 2020.

Today

IIJS Premiere 2021 to be held in Bengaluru from 15 to 19 September

India International Jewellery Show (IIJS) Premiere 2021, the Gem & Jewellery Export Promotion Council’s (GJEPC) flagship trade show is being organised in physical form from September 15 to 19, 2021 at the Bangalore International Exhibition...

Today

HKTDC twin jewellery events open in Hong Kong

The HKTDC Hong Kong International Jewellery Show and HKTDC Hong Kong International Diamond, Gem & Pearl Show, opened on 25 July at the Hong Kong Convention and Exhibition Centre (HKCEC) and will run until 29 July.

Yesterday

Zim gold output improves following central bank intervention – report

Zimbabwe's gold output improved last month by 75% to 2,924 tonnes from 1,668 tonnes in May following incentives introduced by the Reserve Bank of Zimbabwe (RBZ), according to the local media.

Yesterday

Petra reports 109 incidents of illegal incursions onto Williamson in three months

Petra Diamonds has reported 109 incidents of illegal incursions onto its 75%-owned Williamson mine, in Tanzania during the period from 1 April to the end of June 2021.

Yesterday

The road to recovery

19 july 2021

(diamonds.net) - There is a buoyancy about the diamond market that has surprised many at the halfway point of the year. Considering the struggles the industry has endured in the past decade, diamantaires aren’t necessarily used to the positive forces shaping the trade in 2021. “Coming off a difficult last year, there’s no doubt the diamond industry performed better than most [industries],” says Paul Rowley, executive vice president of diamond trading at De Beers. “The market has shown remarkable resilience.” Not that the industry grew in 2020; growth was still negative year on year, with jewelry retail sales down by about 10% to 12%, according to De Beers estimates. But by most accounts, the diamond trade — along with the broader luxury sector — gained market share during the pandemic as consumers spent less on travel and had more discretionary dollars for buying gift items.