Zimbabwe wants half of royalties paid in gems

Mining News Pro - Zimbabwe wants gold, diamond and platinum miners to pay half of their royalties to the government in the commodities themselves and the rest in cash, as the southern African country seeks to build its mineral reserves.

The diamond world is scrambling to keep buying Russian gems

Mining News Pro - US sanctions on Russia’s giant diamond miner are causing chaos through the industry, leaving traders and manufacturers hunting for workarounds to keep tapping one of the world’s main sources of precious gems.

Namibian cuprous oxide gemstone could hold key to quantum computers

Mining News Pro - New research led by the UK’s University of St Andrews found that a special form of light made using an ancient Namibian gemstone could be the key to new light-based quantum computers, which could solve long-held scientific mysteries.

Signet shocks diamond trade with refusal to buy Russian gems

Mining News Pro - Signet Jewelers Ltd., the owner of Kay Jewelers and Zales, sent shockwaves through the global diamond trade on Wednesday, telling suppliers it would no longer buy stones mined in Russia, the world’s biggest source of gems.

‘Hunter drone’ that flies at night could be used to find gemstone deposits

Mining News Pro - Researchers at The University of Hong Kong co-developed an autonomous ‘hunter drone’ that seeks out targets at night using a scanning laser. The mechanism could effectively be used to find new mineral deposits.

The great diamond glut;

Miners stuck with gems worth billions

Mining News Pro - In one of the world’s biggest diamond vaults, hidden inside a nondescript office compound on the dusty outskirts of Botswana’s capital, the precious stones just keep piling up.

De Beers diamond sales jump after terrible year for gems

Mining News Pro - De Beers sold the most diamonds since April in a sign the industry is starting to recover from a slump in demand last year, though the market will require more evidence of a sustained rebound.

Zambia drops 15% export tax on gemstones

Mining News Pro - Zambia will suspend a 15% export tax on gemstones, excluding diamonds, from Jan. 1 next year as the levy, aimed at raising more revenues ended up affecting the country’s output.

Myanmar’s new gemstone law is flawed says Global Witness

Mining News Pro - Myanmar’s parliament has passed a new law governing the gemstone sector. According to international anti-corruption NGO Global Witness, “the law may do little to reform the notoriously corrupt, conflict-tainted, multi-billion dollar jade sector while allowing companies involved in illegal activities and human rights and environmental harms to secure access to the valuable mineral.”

Zimbabwe: Gems to Anchor Foreign Policy

Mining News Pro - The diamond policy approved by Cabinet last week is more than a mining issue as it will be used as a foreign policy tool for Zimbabwe`s re-engagement process, President Mnangagwa has said.

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