* China drags Asia shares lower; Europe flat* Wall St drops after weak industrial earnings, hawkish Fed* 10-year U.S. yield climbs to 3.217 percent* Oil falls further on rising U.S. inventories (Updates prices, changes comment, dateline from previous LONDON)By Rodrigo CamposNEW YORK, Oct 18 (Reuters) - The U.S. dollar index rose on Thursday alongside Treasury yields after Federal Reserve policymak...Read More
Activist group Ecologists in Action and other organizations visited the European Parliament in Brussels and demanded the closure of all active mines in Spain.Backed by left-wing MP Xabier Benito, the environmentalists organized a conference titled "Mining in Europe: the new extractive challenge." At the forum, they said that mining activities, which in their view have been experiencing a boom in S...Read More
* China sell-off drags Asia shares lower* 10-year U.S. yield little changed after rise to 1-week high* Oil falls further on U.S. data; Saudi, Iran limit drop (Updates prices, changes comment)By Rodrigo CamposNEW YORK, Oct 18 (Reuters) - Stocks fell sharply on Thursday while the Japanese yen rose in a move toward safety assets, with traders citing the Sino-U.S. trade war, Italy's budget concerns an...Read More
* FTSE 100 hands back earlier gains, ends down 0.3 pct* CRH (LON:CRH) tumbles after weak Heidelbergcement results* Unilever declines as volume miss overshadows sales growth* Healthcare boosted by Novartis results (Updates prices, adds details)By Josephine Mason and Helen ReidLONDON, Oct 18 (Reuters) - Britain's top share index eased on Thursday as disappointing earnings hurt construction m...Read More
Investing.com - Gold prices were flat on Thursday as investors paused to digest the latest meeting minutes from the Federal Reserve.Comex gold futures for December delivery inched up 0.06% to $1,228.10 a troy ounce as of 8:02 AM ET (12:02 GMT).The hawkish Fed minutes showed that while the central bank had some doubts about the economy, it still planned to gradually increase interest rates in Decem...Read More
Oct 18 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 1000 GMT on Thursday:** Hungarian holding companies Konzum KONU.BU and Opus Global OPUSG.BU announced a plan to merge, creating a combined entity with a market capitalisation of about 350 billion to 400 billion forints ($1.25 billion to $1.43 billion). German copper products maker Wieland-Werke has submitte...Read More
The Turkish deep-sea scrap market showed signs of renewed activity on Thursday October 18, with prices being pushed upward by rumors of a new cargo booking.So far this week, no deep-sea cargo bookings have been heard, but rumors of a European cargo being sold were circulating on the market today. But the details began to emerge...Read More
Melee weakand prices softening as rupee depreciation (-8% in three months to INR 73.53/$1on Oct. 18) impacts Indian demand. Threat of undisclosed synthetics alsoinfluencing jewelers to avoid melee inventory. US orders and memo for 0.70 to1.99 ct. diamonds supporting the market. Sears files for bankruptcy,highlighting need for retailers to innovate, improve in-store and onlinecustomer engagement, a...Read More
Drop in sentiment amid rupee depreciation and Surat bankruptcy rumors.Small-scale manufacturers under pressure as domestic demand for under-0.25 ct. goodsdeclines. Steady US interest in SI-I1 diamonds. Fewer foreign dealers in themarket than during last week's Bharat Diamond Bourse buying event. Jewelerscautious ahead of Diwali festival as weak rupee inflates gold prices. RoundRead More
RAPAPORT... Three major Las Vegas trade shows have joined forces to holdtheir 2019 exhibitions at the same location to make attendance easier forbuyers. The American Gem Trade Association (AGTA) Gem Fair, the LasVegas Antique Jewelry and Watch Show, and Premier will all take place atthe Las Vegas Convention Center (LVCC) from May 30 to June 3, the organizers ofthe events said Wednesday. Visit...Read More
Total proceeds from Mountain Province Diamonds' (TSX: MPVD) latest sale were $24.2 million netted from 366,505 carats, the company announced today."These results were in line with our expectations and reflect current market conditions. We saw good price bids for our better quality larger goods where, the majority of our value lies," said Stuart Brown, Mountain Province Diamonds president in a stat...Read More
RAPAPORT... Christie's is set to auction a 24-carat diamond necklace thatMarilyn Monroe wore for the premiere of her 1953 movie Gentlemen Prefer Blondes.The fancy-yellow, VS2-clarity Moon of Baroda - which originated from the famous Galcondamine that also produced the Hope Diamond - is estimated at $500,000 to$750,000. Christie's will also auction an autographed photo of the actressweari...Read More
Imported steel billet prices in Egypt decreased in the week ended Thursday October 18, with demand in the country remaining weak.Fastmarkets' weekly price assessment for steel billet imported into Egypt was $480-485 per tonne cfr on Thursday, falling from...Read More
TORONTO/LONDON, Oct 18 (Reuters) - Anglo American unit De Beers is going after lucrative, but elusive high-tech markets in quantum computing, as it aims to expand its lab-grown diamond business beyond drilling and cutting.Element Six, De Beers' synthetic diamond arm, is building a $94 million factory in Portland, Oregon, an expansion that comes as scientists from Moscow to London push to develop d...Read More
RAPAPORT... The Israel Diamond Exchange (IDE) has expanded its collaborationwith Alibaba by introducing sales directly to Chinese consumers. Israeli diamonds will be available as loose stones on Ali Auction, the Asian e-commercegiant's luxury platform, the IDE said Wednesday. The bourse will launch theventure at the inaugural China International Import Expo in Shanghai in earlyNovember. The n...Read More
MOSCOW, Oct 18 (Reuters) - Several major Russian companies are exploring ways to do deals abroad without using dollars, spurred on by a U.S. threat to broaden sanctions that have impeded access of some Russian firms to the international banking system.The Kremlin has been pushing companies to conduct more deals using other currencies to reduce reliance on the dollar.Russian Alrosa, the world's big...Read More
(IDEX Online) - This week the Diamond Dealers Club (DDC) welcomed the Israel Diamond Exchange and its members for the fall edition of Israel Diamond Week at the DDC. As in the past, members of both bourses exhibited their goods on the DDC trading floor, now located at 50 West 47th Street. Reports of the week have indicated an increase in business sales and opportunities due to the s...Read More
(IDEX Online) - Israeli diamonds will now be offered for sale directly to Chinese consumers on Alibaba's luxury platform, Ali Auction (paimai.taobao.com). The Israel Diamond Exchange (IDE), which has been working with Alibaba.com for the past year on B2B diamond sales, is expanding its activity in the Chinese market through this prestigious ecommerce site. IDE is the only diamond center to...Read More
Law firm Hogan Lovells Africa head and partner Andrew Skipper on Thursday opened the firm’s Africa Forum conference by stating that, in Africa, there is an understandable combination of optimism and scepticism, but stressed that the available opportunities were enormous.“Currency, corruption and certainty need to change; it is often not happening fast enough, but until that is sorted o...Read More
South Africans aren’t the only ones struggling through the country’s economic slump.The fortunes of Lesotho, Namibia, and eSwatini, formerly known as Swaziland, are beholden to developments in their larger neighbour with their exchange rates pegged to the rand, the worst-performing major currency against the dollar this year. The three nations, together with Botswana, also derive reven...Read More