Investing.com - This week precious metals traders will be focusing on U.S. inflation data after the Federal Reserve indicated that it is on track to hike interest rates again in December and early next year.Wednesday’s inflation data is expected to show that U.S. consumer prices rose in October. Investors will get another update on the health of consumers from Thursday’s retail sales n...Read More
* Falling oil prices stock growth worries* Industrial, material shares suffer on China growth worries* U.S. producer prices rise more than expected in October* Tobacco shares fall on e-cigarette restriction worries* Indexes down: Dow 0.77 pct, S&P 500 0.92 pct, Nasdaq 1.65 pct (Updates to close, adds commentary)By Sinéad CarewNEW YORK, Nov 9 (Reuters) - Wall Street's three major stock i...Read More
Nov 12 (Reuters) -For other diaries, please see:Top Economic EventsM/DIARYEmerging Markets Economic Events EMRG/DIARYGovernment Debt AuctionsD/DIARYPolitical and General NewsPOL/DIARYU.S. Federal ReserveFED/DIARYToday in WashingtonWASH/DIARY ----------------------------------------------------------- This Diary is filed daily. ** Indicates new events -----------------------------------------------...Read More
The steel scrap sector in the United States still depends on exports to Turkey, a member of the Fastmarkets research team said during the ferrous session at the Bureau of International Recycling (BIR) conference in London.This dependence persists despite the changes in the international markets created by the US' imposition of its Section 232 tariffs on imports of steel products, metals analyst Le...Read More
RAPAPORT... Lucara Diamond Corp. raised its production forecast for the fullyear after recovering more carats in the third quarter than it had anticipated. A strong operational performance at the Karowe mine'sprocessing plant resulted in improved recovery of smaller diamonds, Lucara saidThursday. The miner now expects to recover 325,000 to 350,000 carats in 2018, versusa previous estimate of...Read More
RAPAPORT... A Bulgari diamond ring will lead next month's Christie's NewYork auction with a presale estimate of $13 million to $18 million. The cushion-cut, 8.08-carat, fancy-vivid-blue piece will gounder the hammer at the Magnificent Jewels sale on December 5, the auctionhouse said last week. The stone is one of a number of colored diamonds on offer,including a heart-shaped, 15.56-carat, fa...Read More
RAPAPORT... The World Diamond Council (WDC) will propose an expandeddefinition of conflict diamonds at this week's Kimberley Process (KP) plenarymeeting in Brussels. The broader wording will address "grave and systematicviolence," the WDC said Thursday, without giving more details. The council willpresent the change to attendees before member states vote on the matter, WDCpresident Stephane Fischl...Read More
RAPAPORT... Richemont's jewelry sales increased 12% in the first fiscalhalf, though signs of weakening in Asia raised investor concerns.Jewelry proceeds at Cartier and Van Cleef & Arpels rose to EUR 2.45 billion ($2.77billion) in the six months ending September 30, while watch sales grew 4% year on year to EUR 2.49 billion ($2.82 billion), Richemont reported Friday.At constant exchange rates,...Read More
MOSCOW – Russian diamond miner Alrosa said on Friday that its sales of rough and polished diamonds totalled $242.8-million in October, a year-on-year decrease of 28%.Alrosa said in a statement that its total diamond sales from January to October rose 6% year-on-year to $3.9-billion.AdvertisementTo watch Creamer Media's latest video reports, click here AdvertisementRead More
(IDEX Online) - The Central African Republic's (CAR) Minister of Mines and Geology, Leopold Mboli Fatran (pictured above), has appealed to international diamond mining and trading companies to engage in responsible sourcing in the country together with the CAR. It is the intent of the CAR government to look for partners for structural reform of its artisanal mining sector to revive the...Read More
(IDEX Online) - The Dubai Diamond Exchange (DDE), a subsidiary of DMCC, the world's flagship Free Zone and Dubai government authority on commodities trade and enterprise, in collaboration with Stargems Group, completed six successful rough diamond tenders of SACIM goods (Anhui-Congo Mining Investment Company) with over 2 million carats sold. The tenders were held at the Almas Tower with ar...Read More
(IDEX Online) - Rio Tinto's 2018 Argyle Pink Diamonds Tender collection of 63 rare pink, red and violet diamonds from its Argyle mine in Australia has delivered a record result reflecting strong global demand for fancy colored diamonds, the miner said. "These results are also a reflection of Argyle approaching the end of its mine life, with the supply of these extremely rare diamonds becom...Read More
(IDEX Online) - ALROSA said its rough diamond sales last month amounted to $233.9 million, while sales for the first 10 months of 2018 amounted to $3.8 billion. In October, ALROSA's total group sales were $242.8 million, a 28% decline on the year, with polished diamond sales amounting to $8.9 million. ALROSA's total diamond sales in January-October 2018 grew 6% YoY and amo...Read More
As the ferro-alloys community prepares to gather in Lisbon for a busy few days of meetings and contract negotiations, Fastmarkets outlines some of the key topics likely to dominate discussions at this year's International Ferro-alloys Conference, on November 11-13.Is the ferro-vanadium mating season nearing completion?What promises to be a busy few days in Lisbon for purveyors of ferro-alloys may...Read More
In an operation that lasted a couple of days and that involved four airplanes, police officials, forest rangers and the National Guard, Brazilian authorities dismantled a number of open-pit gold and cassiterite mines operating illegally in the heart of the Amazon.The unregulated mine sites were installed in Jamanxim and R?-o Novo National Parks, located in the northern Par?? state and which extend...Read More
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The British Columbia government announced this week that, after one year of consultations with Indigenous peoples, industry, communities, environmental organizations and the public, it introduced legislation to modernize the environmental assessment of major resource projects.In a media statement, the provincial administration said that the idea behind the changes is to provide "a clear and timely...Read More