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...The incoming chair of the international certification scheme for conflict diamonds has hit out at a plan by the G7 group of developed nations to track and trace Russian diamonds, warning of “irreparable...
...The business has also been hit by price collapses for diamonds and platinum as well as problems at its Quellaveco copper project in Peru that only started production in 2022....
...Longi’s advances include the replacement of polycrystalline material with monocrystalline in solar panels, allowing greater power production, as well as diamond wire cutting technology, which reduces the...
...Diamonds may be forever but they are also seriously on sale. Natural rough diamond prices have collapsed 26 per cent in the past couple of years....
...Anglo American said the diamond market was suffering from a price rout caused by excess piles of inventory, something that De Beers has previously acknowledged is partly down to lab-grown diamonds cannibalising...
...Lai Ming Yii, research manager at Beijing-based Daxue Consultancy, said young consumers were “choosing to be single” for professional and academic development and because they lacked the financial resources...
...“US consumer demand for natural diamonds was impacted by macroeconomic challenges as well as a rising supply of lab-grown diamonds,” said the world’s largest producer of diamonds....
...“With the best will in the world, the average customs agent will not be able to look at one diamond and another diamond and go, ‘That’s the Russian one’,” said Cook....
...The company’s De Beers diamond division and platinum metals unit have been hit by low prices. Bloomberg first reported news that BHP was considering a potential takeover of Anglo American....
...The US also implemented a unilateral ban on Russian diamonds in March 2022....
...It’s one of the few mineral resources that have increased in price dramatically.”...
...Founded in 2008, WD Lab Grown Diamonds was a frontrunner in an industry that shook up the global diamond sector, making $33mn in revenue last year....
...More than 80 per cent of global rough diamonds are traded through dealers in Antwerp....
Transaction should transform London-listed company into one of the North Sea’s largest producers
...Bison, black diamonds and bureaucrats: an oilman’s holiday plans Scott Sheffield is departing the stage for a second time....
...Diamond declared Chapter 11 bankruptcy last year....
...Anglo American, which owns 79.2 per cent of Amplats, has singled out platinum group metals (PGMs) as one of the two commodities in its portfolio, along with diamonds, that has been struggling, contributing...
...to the resource country as it was to the corporation....
Ithaca’s deal with Eni would simply be trading assets around a troubled basin
...a diamond”....
Also in today’s newsletter, one solar company thinks it has what it takes to go public — despite a down market for the sector
New survey shows geopolitical turmoil, tough macroeconomic conditions and AI spurring shifts in energy markets
...Spanish renewables group Iberdrola has called off its planned $8bn acquisition of PNM Resources, cancelling a deal that would have transformed its Avangrid subsidiary into one of the biggest companies in...
...“Duncan has taken too long — he has been there a year and a half and he’s still reorganising,” said one resources investor who does not hold Anglo stock....
...“To me, it looks like a diamond, it sparkles like a diamond and makes me feel like I’m wearing a diamond,” says the 36-year-old writer and actor, who lives in New York....
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