A crucial change to GIA grading reports could restore confidence among the trade and consumers.
Category: Mining
Company sale “advancing,” says Anglo American.
High-quality emerald production offset weak ruby grade recovery.
Gareth Penny-led consortium would pay $750 million up front, Bloomberg says.
Sales value down 24% in fourth quarter and flat for full year.
Revenue down 27% in first half.
Increase in first-half average price offsets decline in volume.
Second-quarter sales down 44% by value.
Company retrieves 33,000 carats in second quarter after deposit closure earlier in the year.
Company plans to pause production at its South African deposit for two years.
Sale likely to be finalized by the end of 2026, official says.