Manufacturers
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Oct- 2024 -18 October
De Beers’ GemFair purchases its 10,000th diamond
De Beers Group has announced that GemFair, its programme focused on developing a responsible sourcing model for the artisanal and small-scale diamond mining sector, has reached the key milestone of purchasing its 10,000th diamond since launching in 2018. GemFair aims to support the formalisation of the artisanal sector by raising…
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10 October
Diamond prices decline in September
Diamond prices dropped in September as the market continued to suffer from an oversupply, according to Rapaport’s RapNet Diamond Index. As a result, Indian manufacturers reduced rough-buying and polished production to rebalance supply and demand. This adjustment also led to a decline in polished inventories, but will take a few…
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Sep- 2024 -2 September
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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Aug- 2024 -14 August
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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8 August
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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Jul- 2024 -23 July
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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9 July
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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5 July
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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Jun- 2024 -28 June
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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11 June
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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