Manufacturers

De Beers prepares for next phase of G7 diamond import requirements

De Beers Group has confirmed that it is fully prepared to meet the requirements that now extend to diamonds of 0.5 carats and above, following the expansion of G7 import restrictions on Russian diamonds on 1 September 2024. De Beers’ proprietary Best Practice Principles and Pipeline Integrity standards have long…

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Gem Diamonds revenues rise by 9% in H1

Gem Diamonds has reported a 9% increase in revenues to US$77.9m (£60.6m) as it sold 56,944 carats in H1 2024 (H1 2023: 52,163 carats). From 1 January 2024 to 30 June 2024 the group also achieved an average price of US$1,366 (£1063.7) per carat and saw a 10% increase in…

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Royal Mint unveils new e-waste gold extracting factory

The Royal Mint has announced the launch of a new factory which will extract gold from electronic waste. Located in south Wales, the 3,700 sqm facility uses chemistry from Canadian clean tech company Excir to extract gold from printed circuit boards (PCBs). The factory has scaled the innovative technology from…

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De Beers to sell Australian iron ore right to Taurus Funds Management

De Beers Group has announced the sale of an iron ore royalty right related to the Onslow Iron project in West Pilbara in Australia, as part of its focus on streamlining the business and divesting non-core assets in support of its Origins strategy. Taurus Funds Management will acquire the subsidiary…

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The Royal Mint appoints global head of growth for precious metals

The Royal Mint has announced that Nick Bowkett will take on the role of head of Growth for precious metals, leading its expansion into new markets globally. The Royal Mint is the UK’s home of precious metals, having worked with them for over 1,100 years. Today, it operates a “thriving”…

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Wolf celebrates 190th anniversary with book

Wolf has added to the celebrations of its 190th anniversary by releasing a book; Wolf: A Family History of Boxmaking. The book, written by Simon Wolf and Rachael Taylor, tells the story of Wolf all the way from its foundation in 1834. It includes photography and untold tales of the…

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Petra Diamonds appoints new CFO

Petra Diamonds has announced the appointment of Johan Snyam as its new chief financial officer, with effect from 1 October 2024. Snyam will succeed Jacques Breytenbach who, as previously announced, will be stepping down from his position as chief financial officer and director of the company at the end of…

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The Royal Mint signs £100m deal with RARCOA to expand in US

The Royal Mint has signed an exclusive distribution deal to grow its commemorative coin business in the US. The deal with the Rare Coin Company of America (RARCOA) is projected to turnover £100m over the next three years. Since 2022, The Royal Mint has seen a 118% increase in the…

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De Beers welcomes G7 sanctions on Russian diamonds

De Beers has stated that it fully supports the intent of the G7 sanctions on Russian diamonds. For these to be effective, the group said that the sanctions must be “practical, industry-wide and enforceable”. In response to requests from G7 governments, De Beers offers the following perspectives. Timing: Import restrictions…

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De Beers unveils ‘Origins’ strategy to enhance and revitalise natural diamonds

De Beers Group has unveiled its new five-year Origins strategy to enhance value across its business from mining through to retail. The business will be streamlined and investments will be focused on high return projects in core upstream assets, midstream technologies, natural diamond retail and synthetic diamond technology solutions. As…

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