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Everything you need to know about the Platinum shortage

UK global speciality metals and chemicals company Johnson Matthey has reported a huge rise in the shortage of platinum available and a slight increase in the level of supply of palladium in the markets.

Johnson Matthey PLC is a specialty chemicals company which manufactures pharmaceutical materials, catalysts, and pollution control systems. The Company also refines platinum, gold and silver, palladium and produces colour and coating materials for the glass, ceramics, tile, plastics, paint, ink, and construction industries. Johnson Matthey has operations around the world and is seen as central to the metals investing marketplace.

Here is everything you need to know about the platinum shortage report from Johnson Matthey.

Increasing high demand for Platinum

The level of demand for Platinum has risen, against the level of supply, at the highest rate since 1999. This is because platinum is being used more and more in the chemical industry, electrical and glass sectors. Also platinum is an attractive commodity for investors, with “unprecedented offtake by investors” This refers to demand increasing because of a new rand denominated exchange-traded fund. Between its launch in April 2013 and the end of September 2013, it accumulated 660,000 ounces of platinum metal, benefiting from “considerable pent-up demand” from South African investors who are subject to limits on overseas investments.

More traditional users of platinum, jewellery and car manufacturing have actually reported less demand as both sectors have been hit by the recent economic downturn.

What will happen in the future with the platinum shortage?

The Southern African investment demand looks set to impact on the demand of the metal more and more and as the economy improves worldwide the need for cars and jewellery will increase.

The key is supply. Can supply from the mines in Russia, South Africa, North America and Zimbabwe increase to match the growing demand? In Russia mines have been hit by unscheduled repair work and union action in South Africa has reduced output. These are short term issues and should now increase supply. Zimbabwe is an embryonic market with large growth prospects.

Also with an increasing stable, long term demand for platinum from investors, companies will be keen to maximise returns so expect supply to increase quickly.

Is the demand for Palladium the same?

No. Palladium is used widely for catalytic converters for cars, and jewellery. There is not as much investment appetite as platinum and supply is still outweighing demand. Also Russia, the world’s biggest producer of Palladium has stock piled high levels of the metal, and can reduce the stock to meet demand.

Platinum and Palladium still represent highly attractive metal settings for rings and precious jewellery. Online retailer DiamondGeezer.com provides a range of metal settings including yellow and rose gold, silver, platinum and palladium, along with a full range of styles and shapes, and diamonds cuts. They provide a bespoke deign and fitting service with a 30 day money back or exchange and tweak service and a huge range of rings ,bracelets ,necklaces and watches to suit your budget.

CLICK HERE for platinum engagement rings

Blood Diamonds

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  • CONFLICT DIAMONDS AND THE KIMBERLEY PROCESS
    The term Conflict or Blood Diamonds refers to diamonds that have been traded in the country of origin and their revenues have funded violent conflict and human rights abuses.
  • OUR CONFLICT DIAMONDS STATEMENT
    ‘The diamonds on this site and those that we sell have been purchased from legitimate sources not involved in funding conflict and in compliance with United Nations resolutions.We DiamondGeezer.com hereby guarantee that these diamonds are conflict free, based on  written guarantees provided by the supplier of our diamonds’

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Diamond engagement Rings

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Scientists at the University of Nottingham have engraved a microscopic portrait of the Queen onto a second-hand diamond in celebration of the Queens Diamond Jubilee. It has been said that the diamond might be given as a gift to the Monarch. This tiny engraving is so small that it could fit onto a postage stamp 300,000 times measuring just 46 by 32 microns. Prof Martyn Poliakoff, Dr Michael Fay and Dr Christopher Parmenter from the university’s Nanotechnology and Nano science Centre used a beam of charged gallium ions to engrave it on to the diamond. Prof Poliakoff has said that he would like the diamond to be used as a celebration of the Queen’s Diamond Jubilee; others would like it to be given to the Queen. Use DiamondGeezer.com to have your own personal microscopic message, your own fingerprint, your own signature or even your very own Queens head to celebrate the Diamond Jubilee engraved onto your diamond. Speak to one of our diamond experts to find out more by email: sparkle@diamondgeezer.com or phone us on: 01451 810595 We look forward to speaking with you!

Sniffer Dogs the Future of Mining

Why Dogs Are Man’s Best Friend

It is well known (or a well known saying at least) that dogs are a man’s best friend and diamonds are a girls. Well what happens when man’s best friend can be trained to locate a girls sparkling companion?

The Sniffer Dogs

Back in the 1960’s countries like Sweden, Finland and Russia were having some success in the trade of what they called ore dogs at the time. Basically sniffer dogs were used by geologists to locate metal ores such as nickel for the steel industry. However when the steel industry all but collapsed in the early 80’s it seem that the dogs sniffing for metals were forgotten about. Whilst people are very aware of sniffer dogs used in the police to sniff out drugs or bombs it is doubtful people have heard of dogs used for sniffing out diamonds.

It is not that crazy to think dogs may be able to sense metal ores after all the sniffer dogs used in the police force are quite remarkable. The dogs are trained to use their superior sense of smell to detect all sorts of substances perhaps most commonly drugs or explosives and in some cases dogs are used to search for missing humans and even human remains although these are usually known as hunting dogs or cadaver dogs.

Finding Diamonds

Recently geologist Peter Bergman has attempted to bring back the sniffer dogs into the mining trades. Setting up his company OreDog four years ago he has been training his dogs to sniff for certain mineral ores. Whilst some countries have got on board with this technique if his latest endeavor to train sniffer dogs to smell for kimberlite pays off more countries will no doubt stop and take notice. Kimberlite is the rock known to contain diamonds and is often difficult to locate. However Peter Bergman took his most experienced sniffer dog, Rex to South Africa where the dog was put to the test. In South Africa, Rex was there to sniff for gold and diamond ore and it would seem that Rex has the ability to sense approximately twenty different ores including kimberlite.

 Future of Mining

If more dogs can be trained to sniff for kimberlite Bergman is hoping he can make a difference in the diamond mining processes across the world particularly in poorer countries. Using sniffer dogs could really make a difference in the cost of technology and would be extremely useful in countries that can not afford  the latest high tech diamond mining equipment.  At present the company is expanding and sniffer dogs are being used all over the world to find nickel, copper and gold in particular, with the company often working with native dogs who can work well and are already adapted to the climate they are in, meaning the sniffer dogs working in Russia are different to those in Australia.

If you are on the hunt for a beautiful diamond ring look no further, you may well have sniffed out a bargain! DiamondGeezer.com have the best quality products for the very best prices available at our online store.

Microscopic Portrait of the Queen Engraved onto a Diamond in Celebration of the Diamond Jubilee

Scientists at the University of Nottingham have engraved a microscopic portrait of the Queen onto a second-hand diamond in celebration of the Queen’s Diamond Jubilee. It has been said that the diamond might be given as a gift to the Monarch.

This tiny engraving is so small that it could fit onto a postage stamp 300,000 times measuring just 46 by 32 microns. Prof MartynPoliakoff, Dr Michael Fay and Dr Christopher Parmenter from the university’s Nanotechnology and Nano science Centre used a beam of charged gallium ions to engrave it on to the diamond.

Prof Poliakoff has said that he would like the diamond to be used as a celebration of the Queen’s Diamond Jubilee; others would like it to be given to the Queen.

Stacking Rings – Coming Soon

DiamondGeezer.com is soon to be launching their new range of Swarovski Crystal Stacking Rings. Stacking rings are the perfect gift as you can just keep stacking. Set in sterling silver, there’s a beautiful range of Swarovski Crystals in many different shapes to make the DiamondGeezer.com stacking rings stand out from all the rest.

The idea of stacking rings is that you take one ring that can also be worn on its own, which you then build up with other stacking rings to create a set. The set will almost look like you bought the ring as one piece when in fact you can chop and change the order you wear your stacking rings or how many stacking rings you want to make your ring look bigger or smaller.

Here are a few tips to make your stacking rings that extra bit more special:

Choose Swarovski Crystals that complement each other in colour – no one wants clashing stacking rings!

Make sure the rings fit comfortably on top of each other with no gaps between them, that would just look messy

The designs on your stacking rings should all go well together, different styles might make elements of your ring look out of place

Now you’re ready, keep an eye out for DiamondGeezer.com’s Swarovski Crystal stacking rings then get stacking!

Anyone for a 150 carat diamond ring (or should I say ‘rock’)?

A Swiss jewellery company has created a diamond ring taken to a new level of brilliance. They have taken a 150 carat diamond and laser cut it into a diamond ring. That’s right, no metal, and no setting just pure diamond. Shawish Jewellery, the company who created this masterpiece have named it ‘the world’s first diamond ring’. It took one year to construct and has been valued at £70 million. All of a sudden Beyonce’s 18 carat, £5 million rock & Kym Kardashian’s 20.5 carat diamond ring don’t seem so special!

The diamond ring was displayed at Baselworld 2012 in Switzerland and is ready & waiting to be bought and loved, depending on your bank balance of course.

Gabriella Chilton, DiamondGeezer.com

New 5p & 10p Coins to Be Made Out of Nickel

The change, proposed by the former Labour government, to save the Royal Mint between £7 million and £8 million a year by abandoning the use of copper & instead using nickel has caused quite a stir. It has been revealed that 5p & 10p coins are going to start being made from steel with a nickel coating which is known to cause a skin allergy problems, hence the reason it not being used in jewellery any more. The ‘silver’ 5p and 10p coins have always been made from a metal known as cupronickel, an alloy made of 75 per cent copper, 25 per cent nickel. Another issue raised with the change in metal coating used for 5p & 10p coins is that the coins are going to be thicker, meaning they may not work in hundreds of thousands of machines around the country causing far too many problems. It’s been said that the change will cost the vending industry £42 million & the coin industry nearly as much as £100 million.

Nickel is Legally Banned from Jewellery & Should Not be Used in Coinage

Why is nickel regulated?

Nickel is known to be one of the most common causes of skin allergies with it affecting 10% of the UK adult population. Nickel sensitive patients develop dermatitis which is caused by nickel permeating through the skin of their hands causing a long-term disability. Avoiding nickel is almost impossible as it is found in hundreds of thousands of substances. The most common sensitisation caused by nickel is through body piercings & is perpetuated by prolonged contact with nickel.

The change in metal for the use of 5p & 10p coins is due to take place from January 1st of next year.

22.79-carat diamond ring to steal the show at New York sale

A cushion-cut diamond ring is set to be the star performer at an upcoming New York auction. Christie’s expects the 22.79-carat colourless jewel to fetch between $2 million and $3 million (£1.3 million and $1.9 million) at the event, entitled All the Colors of the Season.

Specialising in clear and pigmented diamonds, the catalogue of 210 lots also includes a pear-shaped Fancy Intense Pinkish Orange ring weighing 10.91 carats, embellished with half-moon white diamonds, as well as an oval-cut Burmese ruby and diamond ring. Christie’s estimates the total amount made from the auction will be more than $20 million, with items between $600 and $6 million going under the hammer at the sale on December 7th at the Big Apple’s famous Rockefeller Center.

Another recent Christie’s auction held in Hong Kong this week broke the record for the most expensive item ever sold at an Asian auction. The Perfect Pink diamond was bought by an anonymous bidder at the event for $23.2 million.