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
Ehud Laniado, a well-known Israeli diamantaire, died last weekend - Saturday, March 1, 2019 - in a clinic in Paris, France where he was to undergo cosmetic surgery. According to the French publication Le Point, the cause of dead was cardiac arrest following a procedural injection in the abdomen. Laniado was the owner of the Mercury Diamonds company. He spent his early years in Africa and later in...Read More
JOHANNESBURG (miningweekly.com) – De Beers Group on Thursday night celebrated the successful conclusion of the first phase of its Enterprise Development Project for Diamond Beneficiators.Five black South African-owned diamond and cutting companies graduated following a three-year entrepreneurial development programme.AdvertisementFacilitated by De Beers Sightholder Sales South Africa (DBSSSA...Read More
The 63rd Bangkok Gems & Jewelry Fair which was held February 20 to 24, 2019 at Challenger Halls 1-3, IMPACT in the suburban Bangkok. The event welcomed over 14,000 visitors from 118 countries. According to the organizers, the number of foreign visitors was up 5.4 percent compared to 2018. Trade generated at the event was nearly 2.1 billion baht ($66 million). Thailand's Deputy Minister of Com...Read More
The Young Diamantaires group, an international networking group for young diamantaires, held a successful and well-attended get-together in Hong Kong during the recent HKTDC show. The Young Diamantaires group an initiative by Rami Baron, Chair of Promotion Committee of the World Federation of Diamond Bourses (WFDB) "The Young Diamantaires met for an evening of drinks and networking. The vibe was...Read More
HRD NV of Antwerp will begin will issuing laboratory grown diamond jewellery reports. In an online announcement, HRD stated that "...our laboratory has the knowledge and instruments needed to thoroughly analyse your jewellery. Every diamond of the jewellery piece is tested to determine whether it is natural or laboratory grown. If all diamonds set in the jewellery piece are found to be Laboratory...Read More
RAPAPORT... Macy's and J.C. Penney noted strong sales in their jewelry divisions in the fourth fiscal quarter, even as overall results disappointed.Macy's also said it would implement a new strategy to focus on the category, as well as other products that mattered most to its customers. "[We plan to] invest in areas where the company already has strong market share to drive disproportionate g...Read More
India's The Enforcement Directorate (ED) announced it had seized "movable and immovable properties located in Mumbai and Surat, having market value of Rs147.72 crore consisting of eight cars, plant and machinery, consignments of jewellery, paintings and immovable property, owned by Nirav Modi and his group companies, namely Firestar Diamond International Private Limited, Firestar International Pri...Read More
The Windhoek Observer reported that the Namibian government is in talks with its eastern neighbour Botswana on the possibility of Namibia becoming a center of diamond polishing in an effort to promote regional industrial integration and development, Mines and Energy Minister, Tom Alweendo was quoted. Namibia has observed how the arrival of De Beers in Gabarone and the resulting job creation have...Read More
Turkish steel mills continued to book deep-sea scrap at a slow pace at the end of last week and prices remained largely steady at the start of this week, sources said on Monday March 4.A steel mill in the Iskenderun region booked a European cargo, comprising 17,500 tonnes of HMS 1&2 (75:25) and 17,500 tonnes of bonus at an average price of $314.50 per tonne cfr on late Friday or Saturday.The cargo...Read More
Turkish domestic scrap prices have remained largely stable over the past week on moderate demand, sources said on Monday March 4.Fastmarkets' weekly price assessment on Monday for domestic auto bundle (DKP-grade) scrap in Turkey was TRY1,650-1,820 ($307-338) per tonne delivered, narrowing upward from the TRY1,630-1,820 per tonne of last week.This...Read More
The latest bids, offers and deals in the global markets for iron ore, pig iron, direct-reduced iron and other steelmaking raw materials.Latest transaction: iron oreIron oreVale, Global Ore, 70,000 tonnes of 65% Fe Iron Ore Carajas, traded at $98.30 per tonne cfr China, bill of lading...Read More
Physical iron ore trading was lackluster on Monday March 4 amid declines in the futures markets.MB 62% Fe Iron Ore Index: $87.69 per tonne cfr Qingdao, down $0.23 per tonne. MB 62% Fe Pilbara Blend Fines Index: $87.09 per tonne cfr Qingdao, down $0.23 per tonne. MB 62% Fe Iron Ore Index-Low Alumina: $89.88 per tonne cfr Qingdao, down $0.22 per tonne. MB 58% Fe Premium Index: $76.11 per tonne cfr Q...Read More
Seaborne iron ore concentrate and pellet markets continued to face low liquidity and falling prices in the week to Friday March 1, given limited demand from China for high-grade materials.Concentrates The weekly Fastmarkets MB 66% Fe Iron Ore Concentrate Index stood at $96.94 per tonne cfr China last Friday, down by $6.03 per tonne from February 22.The daily Fastmarkets MB 65% Fe Iron Or...Read More
The seaborne coking coal market came under some downward pressure on Monday March 4, with transactions for premium products being concluded below prevailing levels.A March-loading cargo of a top Australian brand was sold at $216.50 per tonne cfr China to an end user in northern China. The same brand of material had traded at $217.38 per tonne cfr China last Friday.An April-loading cargo of premium...Read More
Three-month base metals prices on the London Metal Exchange were for the most part stronger on the morning of Monday March 4, with all but tin in positive territory. The complex recorded an average gain of 0.4%, while tin was down by 0.1% at $21,630 per tonne. Nickel led on the upside with a 1% gain to $13,305 per tonne, having closed last Friday at $13,175 per tonne, and copper was up by 0.3% at...Read More
The Chinese government is in talks with local companies, including Minmetals, to sell the ammonium paratungstate (APT) stocks it holds in Fanya Metal Exchange warehouses, sources told Fastmarkets at an industry conference in London last week.Some 29,651 tonnes of APT are still held by the collapsed Fanya - equivalent to almost three months' output in China. No agreement has been reached so far but...Read More
Base metals prices on the London Metal Exchange were predominantly lower during morning trading on Monday March 4, with progress in the US-China trade talks and a continued downtrend in LME inventories doing little to spur strong buying. The three-month copper price is down by 1% and trading around $6,400 per tonne after reaching levels above $6,500 per tonne last week. Volumes traded in the metal...Read More
Eastern promise for PolarXSPONSOREDpolarxAltech ticks boxes on path to production SPONSOREDaltech chemicalsHe said the company was ready to kick off development of its $1.Read More
Eastern promise for PolarXSPONSOREDpolarxAltech ticks boxes on path to production SPONSOREDaltech chemicalsHe said the country had US$59.Read More
U.S. equity index futures were higher this morning. S&P 500 futures were up 10 points in pre-opening trade. Index futures responded to an additional 1.12% increase in the Shanghai Composite Index in overnight trading on expectation of an imminent U.S./China trade deal.Amazon added $16.27 to $1688.00 after Evercore raised its target price on the stock to $1965 from $1800.Bed Bath & Beyond (...Read More