Bitcoin prices on Thursday finally broke out of a recent lull, dropping as much as 6% and putting the $6,000 level back in play. A single bitcoinBTCUSD, -0.26% was last going for $6,202.07, down 5.5% since Wednesday at 5 p.m. Eastern Time on the Kraken exchange. Earlier in the session, the world's largest digital currency traded to an intraday low of $6,125.75, its lowest level since Sept. 19....Read More
Non-profit organization Geoscience BC recently published a series of maps and geological data whose main goal is to encourage mineral exploration in the Regional District of Kootenay Boundary in southern British Columbia.Known as the Greenwood area, the site is well established since the 1880s as one of the most prolific areas for the exploitation of gold, silver, copper, lead, and zinc in the wes...Read More
Investing.com - Market players are likely to stay focused on global crude supplies in the upcoming week, after a pair of closely watched forecasters said world oil stocks are adequate and the outlook for demand is weakening.The monthly report by the International Energy Agency (IEA) on Friday said the market looked "adequately supplied for now" and trimmed its forecasts for world demand growth thi...Read More
Investing.com - After a week which saw a rout in global equity markets triggered by fears over rising bond yields, concerns about global growth and an escalating trade war there’s a lot on this week’s calendar to keep investors on edge.On Wednesday investors will get the chance to review the minutes of the Federal Reserve’s September meeting, when it raised rates for a third time...Read More
Investing.com - This week precious metals traders will see whether gold’s surge higher can be sustained after a rout in global equity markets which coincided with weakness in the dollar bolstered safe haven demand for the yellow metal.On Wednesday investors will get the chance to review the minutes of the Federal Reserve’s September meeting, when it raised rates for a third time this y...Read More
RAPAPORT... Michael Hill's sales fell 9% in the first fiscal quarter asthe retailer underestimated how much marketing it needed for its strategicshift away from discounting, the company said. Group revenue fell to AUD 112.1 million ($79.7 million), the jeweler reported Friday. While the Australia-based retailerbelieves the new approach will strengthen brand loyalty and raise the value ofits produ...Read More
RAPAPORT... Alrosa sold $7.9 million worth of rough at a large-stoneauction in New York, the Russian miner said Friday. More than 90% of the diamonds on offer - each over 10.8carats - found a buyer at the auction from September 17 to October 5, thecompany noted. A total of 1,300 carats, including a 108-carat white diamond anda 98-carat white diamond with yellow shading, fetched a combined average...Read More
RAPAPORT... Three financial institutions have agreed to guarantee a $125million loan to Botswana's diamond-manufacturing industry to strengthen thenation's economic growth.The US government's Overseas PrivateInvestment Corporation (OPIC) has partnered with Botswana Finance - a subsidiary of diamond-manufacturingcompany Lazare Kaplan International (LKI) - and Stanbic Bank to provide the loan....Read More
(IDEX Online) - CIBJO President Gaetano Cavalieri has called for the creation of government monitored chokepoints for the colored gemstone sector, at which it will be possible to verify the integrity of merchandise accessing the chain of distribution, similar to national Kimberley Process Authorities that verify the identity of rough diamonds entering the global pipeline. He was speaking a...Read More
(IDEX Online) - Stornoway Diamond Corporation reported third quarter sales of 184,620 carats represented run-of-mine production recovered between April and June 2018. Gross proceeds were $24.7 million at an average price of US$103 per carat. On a segmented basis, 140,872 carats of +7 DTC sieve size diamonds were sold at an average price of US$130 per carat ($169 per carat), and 43,7...Read More
(IDEX Online) - ALROSA has sold special size rough diamonds (over 10.8 carats) at an auction in New York, raising $7.9 million. The auction was held from September 17 to October 5. The company sold more than 90% of the lots, with a total weight of over 1,300 carats. The auction was attended by clients from the US, India, Israel, Belgium, the United Arab Emirates and others, ALROSA c...Read More
RAPAPORT... Princess Eugenie's bridal jewels were all about emeralds ather wedding to Jack Brooksbank on Friday. The UK royal wore a headpiece made of brilliant- and rose-cutdiamonds pav?(C)-setin platinum, with a large emerald center stone surrounded by six emeralds on eitherside. The center emerald is 93.70 carats, according to news website The Inquisitr. The princess's grandmother, Queen Elizab...Read More
RAPAPORT... Stornoway Diamond Corporation's average price fell quarteron quarter in the three months ending September 30 due to weakness in theIndian market, it said last week. Prices of smaller and lower-quality stones have decreased sinceJuly due to challenging conditions in India, while larger and high-qualitycategories have remained strong, the company said. The miner's average price of$103 pe...Read More
RAPAPORT... An article entitled "De Beers Jewellers Sees Sales Drop" - published on Diamonds.net and the NewsBrief on Wednesday, October 10, 2018, and in the TradeWire on Thursday, October 11, 2018 - was inaccurate. It referred to De Beers Jewellers' 2017 sales results, but was based on a company filing that only reflected inventory movement around the group, and not sales to consumers.As a r...Read More
"The 2018 annual #WorldRiskReport uses an Investment Risk Index which rates jurisdictions across five risk categories: Legal, Governance, Social, Fiscal and Infrastructure. Find out which countries are considered high risk: https://t.co/sl1MJhZ2bg ($) @M1NEHUTTE @MaplecroftRisk"Read full newsRead More
A loan of $1,725 helps a member to purchase a solar lighting system, a clean cookstove, and a subscription of biomass pellet fuel that will help reduce deforestation.Read full newsRead More
As BMW and other German automakers move forward slowly toward electric cars, there's still plenty of negativity.Read full newsRead More
Even more bad news for Angela Merkel's grand coalition in Berlin...Read full newsRead More
A dramatic defeat of the CSU would first lead to an earthquake in Bavaria, foreshadowing future political developments and structural shifts at the national level; an unexpected comeback of the CSU would probably prompt a political landslide in Berlin.Read full newsRead More
Saudi Arabia warned on Sunday it would respond to anyRead full newsRead More