UAE gold jewellery demand shows recovery after lockdown

After almost a year of lockdown and strict restrictions due to the COVID-19 pandemic, UAE’s gold jewellery demand is now witnessing recovery compared to the same period last year.

Today

Zim steel manufacturers back chrome ore export ban

The steel manufacturing sector in Zimbabwe has backed the government’s decision to ban the export of chrome ore as this will help them secure ferrochrome at lower prices. Harare announced the chrome ore and chrome concentrate export ban in August last...

Today

The head of Yakutia advocates the construction of an underground mine at Yubileinaya

The head of Yakutia, Aisen Nikolaev spoke in favor of building an underground mine at the Yubileinaya diamond pipe located 30 km northwest of the village of Aikhal, in an interview with Interfax during the Gaidar Economic Forum held last week in Russia...

Today

Zim gold output up 55% in 2021

Gold deliveries to Fidelity Printers and Refiners rose by 55% in 2021 to over 29 tonnes compared to 19 tonnes, a year earlier, according to the Reserve Bank of Zimbabwe (RBZ). The central bank governor John Mangudya said large gold miners...

Today

Geologists will start prospecting for diamonds in the north of Krasnoyarsk Territory in Russia in an area with resource potential of 150 million carats

The Ministry of Ecology and Rational Nature Management of the Krasnoyarsk Territory and ALROSA signed an agreement to explore promising diamond-bearing areas in the Evenk District in the north of the Krasnoyarsk Territory, the resource potential of which...

14 january 2022

Small Diamonds Seeing Big Gains

11 january 2022

(diamonds.net) - Just like the virus itself, the diamond industry’s recovery from the Covid-19 downturn has come in waves. After a market-wide slump in March 2020, demand for top colors and clarities jumped in the middle of that year as investors capitalized on low prices. The next rebound was in large goods, which were strong for the rest of 2020 and most of 2021. In each case, the rough market reflected the rise in polished trading. All this time, the smaller and cheaper merchandise struggled. That changed, however, in the fourth quarter of 2021, when the more affordable categories enjoyed a resurgence. As of mid-December, polished prices for VS clarities and below were “15% to 20% higher than where they were three months [earlier],” reports Nilesh Sheth, president of New York-based polished dealer Nice Diamonds.