International News
Anglo American Platinum rebrands as Valterra
Anglo American Platinum Limited has officially rebranded as Valterra Platinum Limited, with trading under the new name commencing on the Johannesburg Stock Exchange (JSE) on 28 May 2025.
The change marks a fresh chapter for one of South Africa’s leading platinum producers. Approved by shareholders at the Annual General Meeting on 8 May, the rebrand was finalised following regulatory clearance from the Companies and Intellectual Property Commission.
Valterra Platinum now trades under the JSE share code “VAL”, with the short name “Valterra” and ISIN ZAE000013181. The final day to trade under the Anglo American Platinum name was 27 May.
The record date for shareholders is 30 May, while account updates reflecting the new name will be completed by 2 June.The JSE debut under the Valterra name symbolises both continuity and a bold repositioning in the market, as the company looks to build on its legacy with a renewed brand identity.
International News
AGTA appeals US Government to Scrap 10% Import Tariff on Gemstones
Trade body seeks exemption for coloured gemstones under new temporary tariff regime, with potential implications for diamonds.
The American Gem Trade Association (AGTA) has formally appealed to the US government to remove the newly imposed 10% global import tariff on gemstones, and potentially diamonds, warning of its impact on the trade.
The tariff was announced on February 20 after the US Supreme Court struck down President Donald Trump’s reciprocal tariffs issued under the International Emergency Economic Powers Act (IEEPA). In response, the administration introduced a temporary 10% import surcharge under Section 122 of the Trade Act of 1974. The measure will remain in effect for 150 days unless Congress votes to extend it, though further tariff mechanisms have not been ruled out.
AGTA has submitted a formal request to the Office of the United States Trade Representative (USTR), urging that precious and semiprecious coloured gemstones be added to the exception list under Annex I or Annex II. The association argued that these stones are not mined domestically in the US and therefore should qualify for exemption.
Previously, AGTA’s lobbying efforts contributed to diamonds and gemstones being included in Annex III — a list of products eligible for potential exemption from duties for “aligned” countries. This had placed Indian diamonds and gemstones on track for relief following a prospective US-India trade agreement. However, it remains unclear whether Annex III provisions apply under the new tariff framework that recently took effect.
If the across-the-board exemption request is denied, AGTA has asked the USTR to confirm whether Annex III remains a viable pathway for country-specific tariff relief on coloured gemstones.
While the current petition focuses on coloured gemstones, AGTA noted that trade experts believe any exemption granted in this category could effectively extend to diamonds, as seen in past trade agreements such as the US–European Union deal.
“We will continue to work tirelessly toward eliminating tariffs on gemstone imports into the US. We remain fully committed to this effort — giving up is not an option,” said AGTA President Bruce Bridges and CEO John Ford.
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