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Russian miner Alrosa has suspended its membership in the Responsible Jewellery Council (RJC), both organizations announced last week. The development came just over a month after Russia’s invasion of Ukraine. The RJC board of directors voted to accept Alrosa’s decision, the standards groups said Friday. Alrosa exited the RJC board in early March, but remained […]

Ukraine President Volodymyr Zelensky criticized the Antwerp diamond industry in an address to the Belgian parliament Thursday, accusing it of prioritizing profit over peace, according to media reports. “There are people for whom Russian diamonds sometimes sold in Antwerp are more important [than Ukraine’s war effort],” Zelensky said in remarks that the Associated Press cited. […]

The London Metal Exchange said it had introduced daily price limits for all its metals and would commission an independent review into the events that led to chaos in the nickel market last month. The LME has brought in 15% upper and lower daily price limits for all of its physically delivered metals plus cash-settled […]

Canada’s federal budget will include an investment of at least C$2-billion ($1.6-billion) for a strategy to accelerate the production and processing of critical minerals needed for the electric vehicle (EV) battery supply chain, two senior government sources said. Prime Minister Justin Trudeau’s government, which is due to release its budget on Thursday, will make the […]