(rapaport.com) - Now, the industry is adjusting to the consequences of the Russia-Ukraine conflict and the associated US sanctions on Alrosa. Market forces have not yet enabled that to play out fully. The conflict will likely become even more important in 2023 than it was in 2022 as the supply-demand dynamic adjusts and source-verification programs gain steam. Other factors are also expected to affect the trade in 2023. The US and Chinese economies are experiencing lingering uncertainty, while the lab-grown market continues to grow and evolve. Finally, De Beers and the Botswana government are set to sign a deal that could have wider significance for the industry.
News
Norilsk Nickel plans another indexation of employees in July 2023
In the spring of 2022, the management of Norilsk Nickel, despite the complexity of the situation, decided not to reduce social programs and not to reduce remuneration. Indexation is also planned for employees this year.
Today
Platinum jewellery sales in the US declined by 7% YoY in Q4 2022
In MasterCard Spending Pulse’s reports, sales growth in the jewellery sector dipped by 3.8% YoY in October and declined by 5.4% from 1 November to 24 December in the USA.
Today
State visit highlights the successful partnership between the Antwerp diamond sector and South Africa
From the 22nd until the 27th of March, his and her Majesty, the King and Queen of Belgium, are on an official visit to the Republic of South Africa to emphasize the strong bilateral relations between both countries.
24 march 2023
Gemfields boosts revenue in 2022 despite macroeconomic pressures
Gemfields achieved record revenues of $341.1 million in 2022, up 32% compared to $257,7 million in 2021, mainly from the sale of rough emeralds and rubies.
24 march 2023
Gem Diamonds fails to find a buyer for Ghaghoo mine, faces closure
Gem Diamonds has failed to find a buyer for its Ghaghoo Diamond Mine in Botswana’s Central Kalahari Game Reserve (CKGR), which had been on care and maintenance since February 2017. Mmegi reports that the diamond miner, which is currently focused...
24 march 2023
