Jewelers of America (JA), the national trade association for businesses serving the fine jewelry marketplace, has announced that submissions are being accepted in four categories for the 18th Annual GEM Awards which will be held on January 10, 2020, at Cipriani 42nd Street in New York. The GEM Awards contest honors the achievements of individuals and companies whose creations raise the visibility...Read More
Debswana Diamond Company (Debswana) has awarded a local contract to Majwe Mining, a joint venture (JV) between Bothakga Burrow Botswana and mining services provider Thiess Botswana, to provide mining services to Debswana’s Cut-9 project at the Jwaneng mine. The value of the contract is $1.2-billion and will span over nine years. The contract includes drill and on-bench services, mining plann...Read More
DiaCam360 has initiated a new venture that will lead to the automated identification of a diamond's color and clarity, based on a proprietary database of hundreds of thousands of images of diamonds that were taken with the DiaCam360. All these images were analyzed by the Deep Learning & AI (Artificial Intelligence) platform developed by the AI department of Matrix, an Israel-based, global...Read More
RAPAPORT... A private collection of more than 800 luxury watches will gounder the hammer at four Sotheby's auctions in London, Geneva, New York andHong Kong over the coming year and a half. The Masterworks of Time sale series comprises pieces from the last500 years that have been out of the public eye for a long time, Sotheby's saidrecently. The collection also encompasses clocks from the past 400...Read More
Jewelry industry analyst Paola De Luca, of the luxury market intelligence agency The Futurist, will speak at COUTURE in Las Vegas about the effects of the digital era and globalization on culture and design directions for the jewelry sector. Recognizing that the conversation in digital society is impacting jewelry design trends, the talk will address how consumer behavior and social changes not on...Read More
Sarine Technologies Ltd. launch a new, innovative sales tool for retailers, the 3D-Origin a 3D-printed accurate model of the rough diamond from which the Sarine Journey verified polished diamond was derived. The 3D-Origin model is generated as an optional add-on to the Sarine Diamond Journey rough-to-polish diamond report. It uses Sarine's proprietary Diamond Journey cloud-based data exclusi...Read More
Following the discovery of the second-largest diamond in Botswana since 2015, the country has received more attention, with investors wanting to invest more in mining projects in the region, says diamond exploration and project development company Botswana Diamonds MD James Campbell. He adds that Botswana Diamonds is currently active in diamond exploration in the Kalahari region of Botswana. He be...Read More
The base metals industry is an exciting prospect for Botswana,as copper mining is increasing, which bodes well for the country’s economy, says Botswana Chamber of Mines (BCM) CEO Charles Siwawa. Although copper- and nickel-producing mines have temporarily closed down, companies such as Khoemacau Copper Mining will start operations in base metals mining in 2020 or in the first quarter of 2021...Read More
RAPAPORT... Jewelry sales at Richemont - the owner of Cartier and VanCleef & Arpels - increased 10% in the past fiscal year, with growth in all regions and channels. Proceeds from the category rose to EUR 7.08 billion ($7.91billion) in the 12 months ending March 31. Sales in the watch divisiongrew 10% to EUR 2.98 billion ($3.33 billion), the company reported Friday. The results reflected...Read More
There should be a new regulatory regime for juniors – one that adheres to the spirit of Mining Charter III, but which introduces reasonable and achievable transformation and procurement targets relative to the size and financial constraints of junior and emerging miners, says Eversheds Sutherland mining head Warren Beech.This proposition is echoed by South African Diamond Producers Organisat...Read More
Seaborne iron ore prices went through corrections on Thursday May 23 after jumping to more than $105 per tonne cfr China a day earlier, but Chinese steelmakers' demand for the material remained robust.MB 62% Fe Iron Ore Index: $103.79 per tonne cfr Qingdao, down by $1.99 per tonne.MB 62% Fe Pilbara Blend Fines Index: $101.98 per tonne cfr Qingdao, down by $1.99 per tonne.MB 62% Fe Iron Ore Index-L...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 transactions: iron oreIron oreRio Tinto, Global Ore, three 170,000-tonne shipments of 62% Fe Pilbara...Read More
Ex-China seaborne coking coal spot prices fell further on the back of a lower offer, while in China bullish sentiment kept prices largely firm.In the ex-China market, a cargo of branded materials was offered at $207 per tonne fob Australia during the day on trading platform Global Coal, $1 per tonne down from a day earlier."The descent in the screen offer is in line with the market situation. Our...Read More
PERTH (miningweekly.com) – Africa-focused diamond miner Lucapa Diamond Company has recovered a 126 ct gem-quality diamond from its Mothae operation, in Lesotho.The diamond is the largest recovered at Mothae since commercial operations started in January this year, and the largest gem-quality diamond ever recovered at the mine.AdvertisementThe diamond was also the sixth stone of more than 50...Read More
The value of De Beers’ rough diamond sales for the fourth cycle of this year fell year-on-year “against a backdrop of macroeconomic uncertainty”, CEO Bruce Cleaver said on Tuesday.Sales decreased to $415-million, compared with $554-million in the fourth sales cycle of 2018.AdvertisementThis was also lower than the sales of $581-million recorded for the third sales cycle of this y...Read More
The continued consolidation of the Indian steel industry is a "right step" in restoring growth and credibility to the domestic markets, Nathani Group's Zain Nathani said at the BIR 2019's World Recycling Convention & Exhibition in Singapore this week.The vice-president of BIR's ferrous division said bankrupt mills such as Bhushan Steel, Monnet Ispat & Energy, Essar Steel and Usha Martin have all f...Read More
Base metals prices on the Shanghai Futures Exchange were mostly down during morning trading on Thursday May 23, with nickel leading the charge lower amid persistent macroeconomic uncertainty and strength in the dollar.Ongoing trade tensions between China and the United States and concerns that a prolonged spat between the two may hamper global economic growth continued to exert downward pressure o...Read More
Hot Chili secures copper 'super hub' SPONSOREDhot chili limitedVimy ready for move to higher uranium groundSPONSOREDvimy resourcesWhite Gold Corp a force in Yukon as exploration drive reaps dividendsSPONSOREDwhite gold corp"It's not regulation that fails, it's [the industry] as engineers and operators"SPONSOREDsrk consultingProfit for the quarter was €14.15 million (...Read More
Look beyond market approach to project valuations: van ZylLeadershipHot Chili secures copper 'super hub' SPONSOREDhot chili limitedVimy ready for move to higher uranium groundSPONSOREDvimy resourcesWhite Gold Corp a force in Yukon as exploration drive reaps dividendsSPONSOREDwhite gold corpAdventus said Nobis subsidiary Unionar was the largest participant in a C$12.1 million (US$9 million)...Read More
The Chinese domestic cobalt sulfate price hit a fresh low for 2019 mid-week amid persistent selling pressure among producers who are mostly struggling to break even, sources said.Fastmarkets' assessment of the price for Chinese cobalt sulfate fell to 44,500-45,500 yuan ($6,444-6,589) per tonne on Wednesday May 22, down from 46,000-48,000 yuan per tonne previously. This placed the assessment at its...Read More