Nornickel’s shareholders reduce the company’s authorized capital

Nornickel announced that today its shareholders taking part in the Extraordinary General Meeting approved the reduction of the company’s authorized capital by RUB 791,227 to RUB 152,863,397 cancelling 791,227 repurchased ordinary shares with par value...

12 august 2022

DMCC to support JGT Dubai 2023 as its official partner

DMCC has announced that it will support Jewellery, Gem & Technology Dubai (JGT Dubai) as the official partner of its second edition to be held in February 2023.

12 august 2022

Lucara boosts H1 revenue as strong diamond market continues

Lucara Diamond realised revenue of $120.5 million from its Karowe mine, in Botswana during the first half of 2022 compared to $99.4 million, a year earlier. It said strong rough and polished diamond market fundamentals continued, despite growing global...

12 august 2022

Jubilee completes £58m investment to expand PGM, copper, cobalt operational footprint

Jubilee Metals has completed its £58 million investment programme in South Africa and Zambia that has reshaped the company and provided expanded production across PGMs, chrome, copper and cobalt. It said the investment also laid the platform for the...

12 august 2022

Mountain Province Diamonds announces 2Q results

Mountain Province Diamonds Inc. announced its operating and financial results for the second quarter ended June 30, 2022.

12 august 2022

Growing Diamonds, Saving the Planet

05 august 2022

( - There was much excitement last month when Lusix announced a $90m funding round, not least because LVMH was among the investors. The French luxury conglomerate now owns the iconic US jeweler Tiffany & Co. Lusix makes lab-grown diamonds. Tiffany has made its position clear on lab-growns, namely that it sees no role for them in a luxury brand. So the fact that its investment arm was joining the rush to be a part of Lusix's success raised some eyebrows. But that's a discussion for another time. What I find no less interesting is a detail that emerged in a subsequent conversation I had with Lusix CEO Dr Silviu Reinhorn about how the company uses nothing but solar power to create its diamonds. More than that, I discovered, Lusix actually generates surplus power that it puts into the grid for ordinary consumers.