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

The Impossible New Diamond Setting

14 january 2022

(idexonline.com) - Back in 1886 Charles Tiffany introduced his game-changing six-prong solitaire setting to a diamond industry that was still in its infancy. Diamonds had, until then, been set in a bezel so that only the crown was visible, and much of the main attraction was obscured by metal. The Tiffany setting changed all that, exposing far more of the stone than ever before, while still retaining a firm hold. This was at a time when Cecil Rhodes had yet to launch De Beers (that was to happen two years later) and long before diamonds became the go-to gem for a gentleman proposing marriage. Nonetheless the Tiffany setting has endured, and remains a popular choice 135 years later. With all of that in mind, it will be interesting to see how future generations of jewelers and consumers judge the launch last week of a new solitaire diamond setting that appear to achieve "the impossible". It has no prongs, no clasp, no bezel, no visible support of any kind. There have been so-called floating diamonds in the past. They never truly floated.  But this patented invention from New Zealand - Floeting Diamonds - does what no setting has ever managed before.