The price of gold, which has already increased significantly during 2020, hit new seven-year highs this week surging past US$ 1,773 per ounce. The move was a reaction to what was believed to be the second wave of coronavirus infections in different countries, the fear of fresh restrictions on economic activity, and possible fresh stimulus […]
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]]>Consumers have been making more “meaningful” jewelry purchases during the lockdown, according to research by De Beers. Spending more time with family, and less time commuting, has shifted the focus from towards pieces that represent feelings of love and connection, rather than fun or practicality. Almost half (45%) of those surveyed in the company’s monthly […]
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]]>British miner BlueRock reports record output since it re-opened Kareevlei, in South Africa, after COVID-19 restrictions were eased. Production has been averaging almost 2,000 tons a day since 11 May 2020, up almost two-thirds on Q4 of 2019. Modifications to its ore-processing equipment have increased production at minimal cost and reduced operating costs at Kareevlei […]
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]]>The Gem & Jewellery Export Promotion Council has begun the process of identifying those artisans doing daily wage jobs within the industry who are in need of financial assistance during the ongoing lockdown in the country as a result of the current global novel coronavirus pandemic. A database is being prepared electronically with artisans being […]
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