RAPAPORT... The Dubai Multi Commodities Centre (DMCC) will offer rough lab-grown diamonds at tender for the first time, as it aims to diversify the emirate's trade. The sale, which will be run by Hong Kong-based diamondtrading firm Tony's Auction World, will feature 50,000 carats of synthetic stones created using chemical vapor deposition (CVD). The tender will take place in the Almas Tower a...Read More
RAPAPORT... Lucara Diamond Corp.'s revenue nearly doubled in the firstquarter, as it introduced a new tender process which enables it to sell its higher-value stones faster. Revenue rose 92% to $48.7 million, as sales volume increased50% to 95,057 carats. The average selling price climbed 28% to $512 per caratfor the three months ending March 31. During the quarter, the company's new c...Read More
The Australian Financial Review reported that according to filings with the Australian Securities and Exchange Commission (ASIC), that profits generated in 2018 by Rio Tinto's diamond mine Argyle rose to their highest levels in a decade. The Argyle diamond mine, which is scheduled to close in 2020, registered $370.6 million in revenue which was 26 percent higher than in 2017 and was the mine&...Read More
Access our research platformsSign-in to our platforms to access our extensive research, our latest insight, data and analytics and to connect to our industry experts.As Indonesia heads for the polls on 17 April, Wood Mackenzie's research director Andrew Harwood provides the following commentary:"We predict that President Jokowi will once again defeat his 2014 opponent, Prabowo Subianto, and secure...Read More
The Fancy Color Research Foundation (FCRF) concluded today the results of the Fancy Color Diamond Index' first quarter of 2019. the overall prices decreased by 0.2 percent in the first quarter of 2019, influenced by a decrease in the yellow category. pink diamonds increased by 0.5 percent, blue diamonds showed a very slight decrease of 0.2 percent, and yellow diamonds decreased by 1.5 percent...Read More
RAPAPORT... Gem Diamonds' revenue faltered during the first quarter, as it recovered fewer large diamonds from its Let??eng mine. Sales plunged 51% to $51.9 million for the three months ending March 31, as the average price dropped 42% to $1,900 per carat. During thesame period last year, the miner sold the 910-carat Lesotho Legend for $40million, raising the average price for the period...Read More
GIA is organizing two seminars of interest during the upcoming JCK LV show. Identifying Laboratory-Grown Diamond Seminar Learn the techniques used to identify laboratory-grown diamonds, including HPHT and CVD, through interactive, guided discussion and a hands-on lab. Previous Gemological training and/or experience is recommended. Friday, May 31 - two sessions available: 9:00 to 11:00 a.m. a...Read More
Two reportedly illegal diamonds miners were killed in clashes between protesters and Angolan security forces who they blamed for the deaths of other illegal diamond miners. The protests were staged in Calonda, in Lunda Norte province, after reports that 17 illegal miners had died in a diamond mine. The demonstrators argued these 17 miners had been killed by police, or by the mine's security f...Read More
Access our research platformsSign-in to our platforms to access our extensive research, our latest insight, data and analytics and to connect to our industry experts.China's influence on global commodity markets is unparalled. It's a matter of scale.China imports more than 60% of domestic demand for oil, gas and iron ore. Its imports of oil, LNG and coal account for around a fifth of glo...Read More
A trade war between the United States and China is depressing the price of copper and the red metal would be 5% to 15% higher without the dispute, the chairman for Chile's Antofagasta Plc told a Chilean newspaper on Sunday."Without the commercial war, I am convinced that the price of copper would be between $3.20 and $3.50 per pound," Jean-Paul Luksic said in an interview with El Mercurio.Despite...Read More
Compelling supply and demand projections for copper in the years ahead makes the red metal one of the favourites of industry observers, who see flat-lining mine supply running into increased demand as the world continues to achieve greater electrification. Here's a look at eight active juniors with substantial copper assets in their property portfolios.AURYN RESOURCESWhile Vancouver-based junior A...Read More
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For technology to truly serve the next generation, we have to get smarter about what we're putting in the classrooms.Read full newsRead More
Large diversified miners saw another 12 months of consistently increasing profit margins and cash flows in FY2018.According to Fitch Solutions, the positive numbers are a result of miners streamlining their operations, cutting debt and expenditures, increasing production efficiencies, and incorporating advanced technology in operations to further enhance productivity and reduce costs."Building on...Read More
Investors are standing by for a fresh bout of market turmoil as President Donald Trump turns up the heat on Beijing over trade.The standoff between the U.S. and China appeared to deepen at the weekend after Trump took to Twitter again, this time to say the Chinese may have felt they were "being beaten so badly" in the recent talks that it was better to drag their feet in hopes he would lose the 20...Read More
About 50,000 people rallied this week in the Colombian city of Bucaramanga to express their opposition to the Soto Norte gold project.The $1.2-billion project, proposed by Sociedad Minera de Santander or Minesa, is located in the north-central Santander department, just outside the P??ramo de Santurb??n, an area of the Andes mountains covered with subalpine forests above the continuous tree line b...Read More
The Siberian Coal Energy Company or SUEK has partnered with Zyfra Group's subsidiary VIST Group, to develop an unmanned drilling technology at the Tugnuysky coal mine, located on the border between the Buryatia and Chita regions in south-central Siberia.Officially created in 1989, the open-pit operation has an annual output of approximately 12.5 million tonnes of low-nitrogen hard coal, which is m...Read More
The price of copper dropped to a 15-week low on Monday after China fired back in the mounting trade war with the US. In afternoon trade, copper for delivery in July touched $2.709 a pound ($5,972 a tonne), down 2.4% from Friday's settlement.China will match 25% tariffs on $60 billion of goods imported from the US including precious stones like diamonds, rubies and emeralds, iron ore, and nickel,...Read More