Despite gold prices being at the highest in the last three weeks, India’s sales in just one city totalled 300 kg on Sunday, as the country’s festive season of Diwali kicks off.
Just when major miners thought it was better to ditch their diamond divisions, giant Rio Tinto (LON, ASX, NYSE: RIO) says it is looking at the business with renewed enthusiasm, as a deposit the company discovered in India in 2004 has started to bear its shiny fruits.
A 6.8-magnitude earthquake hit northern Myanmar on Sunday, collapsing a gold mine, a bridge, damaging several old Buddhist pagodas and leaving as many as 12 people feared dead.
The Archduke Joseph diamond, one of the world's most famous and rarest gems from Europe's aristocracy, is expected to reach up to $25 million when it goes under Christie’s hammer on Tuesday.
Accusations of Chinese miners being dubiously brought into the Canadian province of British Columbia to work in coal mines has prompted the federal government not only to investigate the issue, but to review its entire temporary foreign worker program.