Platinum-group metals price hit due to stagnant auto production

The shortage of semiconductors is negatively affecting the price of platinum-group metals as investors brace for a long-lasting hit to car production.


Zimbabwe security forces arrest 72 illegal diamond miners

Zimbabwe Republic Police and the Zimbabwe National Army (ZNA) arrested at least 72 illegal diamond miners in a joint operation to remove hundreds of artisanal miners who invaded the Charleswood Estate in Chimanimani in search of alluvial diamonds...


Earthquake halts operations at Victorian gold mine

Australia’s White Rock Minerals has suspended underground operations at its Woods Point gold project after an earthquake struck near Mansfield in Victoria. The earthquake struck at 9:15 am on 22 September occurring 10 kilometres beneath the surface at...


DMCC announces Ambassadors of WDC’s System of Warranties

DMCC has announced that its Executive Chairman and Chief Executive Officer, Ahmed Bin Sulayem, and its Special Advisor - Precious Stones, Dr Martin Leake, have been appointed as ambassadors of the World Diamond Council’s (WDC) updated SoW initiative...


WDC launchеd an upgraded and expanded System of Warranties

The World Diamond Council (WDC) has marked the 40th anniversary of the establishment by the United Nations of the International Day of Peace with the official public launch of its upgraded System of Warranties (SoW).


Botswana: The New Swing Producer

05 september 2014

(IDEX Online) - When the experts of the International Monetary Fund (IMF) issue in-depth reports on a specific country, the governments involved generally listen – especially in developing countries in Africa. These reports aren’t unilateral exercises; they are the outcome of an extensive bilateral consultation process with the relevant governmental bodies. Last month’s IMF report on Botswana particularly focuses on the role of diamonds. But, far more significantly, the report reflects the IMF’s and thegovernment’s understanding of the policies – or the needed policies – to optimize the economy’s benefits from the commodity.