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.
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Visit: 969
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.
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Visit: 1015
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.
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Visit: 687
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.
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Visit: 455
‘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.
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Visit: 1057
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.
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Visit: 839
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.
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Visit: 818
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.
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Visit: 837
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.”
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Visit: 1797
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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Visit: 2274