US Holiday jewelry sales expected to skyrocket

According to Mastercard SpendingPulse, US jewelers can expect revenue from jewelry sales in the US between November 1 and December 24 will grow 59% compared to the same period last year.


Australia becomes world’s biggest producer of gold for first time

Australia has become the world’s biggest producer of gold for the first time, having played second fiddle to China for the last decade. Australia unearthed 157 tons of gold in the first half of the year, pipping China by four tonnes.


Nigerian minister mulls death penalty for gold smuggling – report

Nigeria’s deputy minister in charge of mines and steel development has called for the death penalty for gold smuggling in the West African country.


Gemfields back to black

Gemfields is expected to register a net profit after tax of $23.8-million in the first half of the year compared with the net loss after tax of $56.7-million, a year earlier. Earnings per share are expected to be 2 US cents from a loss per share of 4...


Debmarine Namibia's new diamond recovery vessel to arrive in SA next week

Debmarine Namibia’s new N$7 billion diamond recovery vessel, Additional Mining Vessel #3 (AMV3), is expected to arrive in Cape Town, South Africa next week ahead of commissioning early next year.


Russia may become major market for India's polished diamonds

26 december 2014
(The Times of India) - If things go in the right direction, then Russia would be the next big market for the polished diamonds manufactured in Surat. Diamond exporters and dealers like to presume that Prime Minister Narendra Modi's appeal to Russian President Valdimir Putin at World Diamond Council (WDC) hosted by Gems and Jewellery Export Promotion Council (GJEPC) in New Delhi to allow jewellery manufacturers of Russia to export rough diamonds and import polished diamonds without any import duty was a part of understanding between the two countries.