Gold has big year in 2020 and outlook for this year robust. Learn about monetary expansion and gold future prices.Read More

The gold futures price reached US$1,767/ounce this week before retreating, which was the second time it has surpassed US$1,760 in the past two months, marking some of gold's highest levels in several years.Read More

While global miners invested almost $1 trillion in major projects over the last decade, almost one-third of that - $273 billion to be precise - was written off, research from Morgan Stanley shows.In a study carried out in conjunction with PricewaterhouseCoopers (PwC), the American investment bank found that the extent of the write-downs was almost as high as the dividends paid by the world's top...Read More

Chinese battery manufacturers' profit margins are being squeezed significantly by rising procurement costs for battery raw materials, delegates to an industry conference have been told....Read More

With OPEC agreeing to roll over production for nine more months, our 2017 oil price forecast of US$55/bbl for Brent is largely unaffected. But as fundamentals tighten in the second half of 2017, we believe a firmer oil price will further support the US tight oil industry."Today's decision in Vienna sends a signal of continued support for oil prices from OPEC, which helps US onshore drillers make p...Read More

RAPAPORT... De Beers' sales volume and production grew sharply in thesecond quarter amid strong trading conditions, the miner's parent companyreported Thursday. Rough-diamond sales rose 69% to 10 million carats during thethree months ending June 30, Anglo American said. The increase from 5.9 millioncarats a year ago reflects resurgent demand, as well as the fact that De Beersheld three sights duri...Read More

Returns will improve with lower costs and tighter focusOil and gas companies are trying to balance playing a short game and a long game. The dominant strategic theme is strict capital discipline; higher risk investment is off the agenda.But at the same time, there's a need to sow some seeds for future growth. The Majors have stepped up acquisition of new frontier exploration acreage in 2017 - it's...Read More

RAPAPORT... The number of new jewelry businesses in the US jumped 87% inthe first half of the year, even as the industry continued to shrink overall. A total of 133 companies entered the sector in the sixmonths to June 30, compared with 71 in the same period last year, the JewelersBoard of Trade (JBT) reported Wednesday. Most of the new businesses wereretailers (108 versus 59 a year ago), while th...Read More

(IDEX Online) - De Beers Group is pleased to announce that its Canadian mining business, De Beers Canada, has entered into an agreement to acquire 100% of the outstanding securities of Peregrine Diamonds Ltd, the owner of the high quality Chidliak diamond resource located in Canada's Nunavut Territory, at a purchase price of C$0.24 per share, for a total cash consideration of approximately C$107 m...Read More

The Gahcho Kué diamond mine that Canadian miner Mountain Province owns in partnership with Anglo America’s De Beers has recovered 1.93-million carats at an average grade of 2.15 c/t in the second quarter of the year, setting a new quarterly record and delivering a 20% year-on-year production improvement.The mine, located in the Canadian tundra, achieved commercial production last year...Read More

(IDEX Online) - De Beers' rough diamond production increased by 3% to 9.0 million carats, reflecting production increases to meet stronger demand as well as the contribution from the ramp-up at Gahcho Ku?(C), the miner said.  Production in the second quarter was 8.997 million carats compared with 8.742 million carats in the year-earlier period. Botswana (Debswana) production increased b...Read More

Diamond major De Beers announced on Thursday that it would buy Canadian miner Peregrine Diamonds – the owner of the Chidliak diamond resource in Nunavut Territory – for C$0.24 a share, or C$107-million, in cash.The Chidliak resource, 120 km north-east of Iqaluit on Baffin Island, hosts 74 kimberlite pipes, including the CH-6 and CH-7 pipes that are the current focus of Peregrine’...Read More

Comex copper prices were again under considerable pressure with no movement in the ongoing trade war and a stronger dollar combining to weigh on the base metals complex....Read More

RAPAPORT... A higher average price resulted in anincrease in India's polished-diamond exports in June. Outbound polishedshipments have grown this year, with a 9% rise in the second quarter and a 10%jump for the first six months. India Diamond Trade Data for June 2018Read More

(IDEX Online) - The Natural Color Diamond Association has introduced its first educational video, "Natural Yellow Diamonds." The association chose yellow diamonds for its inaugural course because this category constitutes the largest opportunity in the colored diamond industry for growth in affordable jewelry. The video, which is appropriate for both consumers and members of the trade, discusses...Read More

Base metals on the London Metal Exchange were lower across the board during morning trading on Thursday July 19, stymied by a significant advance in the US dollar index while ongoing trade disagreements between the US and other major economies unsettle global commodities. ...Read More

RAPAPORT... The JA New York Show will partner with the NY NOW home-and-lifestyleexhibition next year for an extended four-day event, it said. The shows' organizers will co-host the two events fromAugust 11 to 14, 2019, at the Jacob K. Javits Convention Center in New York.While the shows will remain distinct entities, attendees can use one pass toenter both fairs. "Partnering with the JA New York...Read More

Diamond miner De Beers’ rough diamond production increased by 3% to nine-million carats in the second quarter of this year, reflecting production increases to meet stronger demand, as well as the contribution from the ramp-up at the joint venture Gahcho Kué mine, in Canada.De Beers’ Debswana subsidiary, in Botswana, increased its output by 6% year-on-year to 6.3-million carats,...Read More

RAPAPORT... Diamond production at Rio Tinto rose 7% year on year in the second quarter of 2018, driven by an increase in outputfrom its Argyle mine.Production came to 4.6 million carats for the three months ending June 30, the company said Tuesday. The Argyle asset in Australia yielded 3.5 million carats, an increase of 8% over the same period lastyear. That growth was due to a rise in the am...Read More

Key data from the Wednesday July 18 pricing session in Shanghai....Read More

RAPAPORT... Paramount Jewels has bought New York-based jewelry supplier A. Jaffefor $5.2 million, according to court documents.A. Jaffe is part of Nirav Modi's business empire along withhis other US jewelry companies, Firestar Diamond and Fantasy. Paramount willacquire its inventory, intellectual property, customer information, futureincome from customers' unpaid bills and other assets related to...Read More

PERTH (miningweekly.com) – The share price of ASX-listed Merlin Diamonds rose by more than 14% on Tuesday after the company announced that 32 pink diamonds, totalling 6.63 ct, have been recovered from its Merlin mine, in the Northern Territory.Merlin told shareholders that the company was encouraged by the discovery of these pinks, and it was a good indicator that more significant discoverie...Read More