* European shares down as much as 1.2 pct* German, Japanese economies contract in Q3* Sterling volatility jumps to highest since 2017 election* US crude bounces after longest losing streak in decades* Italy budget woes put euro, Italian debt under pressure* Graphic: World FX rates in 2018 http://tmsnrt.rs/2egbfVhBy Danilo MasoniMILAN, Nov 14 (Reuters) - Oil struggled to find a floor and stocks tum...Read More
The first deals for special high-grade zinc supply in 2019 in Europe point to a decline in annual zinc premiums compared with this year's levels, but Nyrstar's financial troubles are complicating negotiations and raising concerns that supply may turn out to be tighter than anticipated."Not much has been done yet, but [the premium] seems to be lower than last year by at least $10-15 per t...Read More
The latest news and price moves to start the Asian day on Thursday November 15.Base metal prices on the London Metal Exchange were predominantly higher at the close of trading on Wednesday November 14, boosted by a steady rebound in global benchmark crude oil futures and a marginal retreat in the United States' dollar index. Read more in our live futures report.Here are how prices looked at the cl...Read More
RAPAPORT... Bonhams will spotlight a 24.31-carat diamond at its upcomingFine Jewels sale in London, estimating it will fetch $1.7 million to $2.3million. The step-cut, D-color, internally flawless diamond belongsto aprivate collector, and will come to auction for the first time on December 5. The sale will feature several Kashmir sapphires, including acushion-shaped, 8.08-carat sapphire ring...Read More
RAPAPORT... Sotheby's New York will auction a 20.60-carat diamond ring thatFrank Sinatra gifted to his wife on their engagement in 1976. The emerald-cut diamond ring is one of several pieces ofBarbara Sinatra's jewelry that will feature at the Magnificent Jewels auctionon December 4. Frank popped the question by throwing two diamonds on their bedand telling her to pick one. Once she had made...Read More
RAPAPORT... The World Diamond Council (WDC) has released its proposed newKimberley Process (KP) definition of conflict diamonds, which addresses abroader range of human-rights abuses. The definition describes them as "rough diamonds used bypublic security forces or private (including criminal or mercenary) armedgroups to acquire wealth through illegal control, bribery, taxation, extortionor d...Read More
RAPAPORT... Harry Winston bought a pink diamond for more than $50million at Christie's Magnificent Jewels sale in Geneva, setting a worldauction record. The rectangular-cut, 18.96-carat, fancy-vivid-pink stonewent for $50.4 million at the auction Tuesday, becoming the most expensive pinkdiamond Christie's has sold, the auction house said. At $2.7 million per carat,it also achieved...Read More
Golden Ridge Resources (TSX-V: GLDN) has completed its option agreement with Lac Properties Inc. (LAC), a subsidiary of Barrick Gold Corporation, and now has a 100% interest in the Hank project in British Columbia's Golden Triangle District.LAC will continue to hold a 2% NSR on the project as well as certain back-in rights. LAC has the option to purchase a 51% interest in the Hank Project upon a m...Read More
RAPAPORT... Mountain Province decided not to pay a quarterly dividend toshareholders due to challenging conditions in the diamond market, the minerreported. Demand for rough from its Gahcho Ku?(C) mine in Canada was sluggishin the third quarter amid weakness in India, the company said Monday. Prices oflower-value diamonds dropped even as sales increased 15% year on year to CAD74.9 million ($5...Read More
Shares in Canada's Stornoway Diamond Corp. (TSX:SWY) plummeted Wednesday after the miner reported a net loss of $37.6 million for the three months ended Sept. 30 and announced that chief executive officer Matt Manson will leave at the end of the year.Mason will be replaced by chief operating officer Patrick Godin, who joined Stornoway in 2010 and was appointed to the board of directors in 2011....Read More
Tin trades on the Indonesia Commodity & Derivatives Exchange (ICDX) have completely halted because of significant supply disruptions in the country, Fastmarkets heard on Wednesday November 14.The country is the world's second-largest producer of the metal, but the price of tin on the London Metal Exchange continued to show little reaction to the interruption to trading.A joint statement on October...Read More
(IDEX Online) - Christie's sold the 18.96-carat Winston Pink Legacy, the largest and finest fancy vivid pink diamond it has ever auctioned, for $50,375,000, a world auction record price per carat for a pink diamond of $2,656,909. The November Luxury sales in Geneva raised $126,312,257, with registered bidders from 51 countries from six continents participating in the Magnificent Jewels sale...Read More
The Prospectors and Developers Association of Canada (PDAC) has announced the winners of its yearly awards, which recognise the work of international and domestic leaders in the mineral exploration and mining community.The Bill Dennis award went to Peregrine Diamonds, which discovered the Chidliak diamond district, near Iqaluit on Baffin Island. Exploration programmes and engineering studies compl...Read More
(IDEX Online) - Ben Bridge Jeweler, the family-run fine jeweler with 95 retail stores in 11 states and one Canadian province, announced that Chairman and CEO Ed Bridge is retiring as of January 31, with company President and COO Lisa Bridge becoming President and CEO. Having served as the first female President of Ben Bridge Jeweler, Lisa Bridge will now continue her service as the fifth g...Read More
(IDEX Online) - ALROSA sold 119 large special size rough diamonds (over 10.8 carats) with a total weight of 1,890 carats for $10.3 million at the final auction of the year in Vladivostok. The company said that 26 companies from global diamond trading centers secured goods at the sale. "Since the beginning of 2018, we held four auctions there, including the last one, gaining almost $...Read More
GENEVA – The "Pink Legacy", a diamond weighing just under 19 carats, fetched a record 50.375-million Swiss francs ($50-million), purchased by US-based luxury jeweller Harry Winston, Christie's said on Tuesday.Harry Winston, owned by Swatch whose CEO is Nayla Hayek, daughter of the late Swatch founder Nicolas Hayek, promptly renamed it "The Winston Pink Legacy", adding...Read More
The tin premium in Europe remains at a 21-month high amid continued uncertainty over Indonesian supply, while thin spot activity and a closed import arbitrage window kept premiums firm in the United States and China. European participants seek direction amid Indonesian supply outage US traders at odds with buyers in 'dull' market Chinese premiums flat on rising SHFE stocksEuropean premiums hold st...Read More
Mineral exploration and development company Kodal Minerals has received assay results for the first two diamond drill holes completed during the wet season at the Sogola-Baoule and Boumou prospects on the company’s 450 km2 Bougouni lithium project, in southern Mali.The diamond core intersections confirm the geological model and continue to extend mineralisation.AdvertisementIntersections inc...Read More
Comex copper prices moved higher on Wednesday November 14 despite a stronger dollar due to growing optimism that a bilateral trade agreement between the United States and China could be reached in the next few months. The copper price for December settlement on the Comex division of the New York Mercantile Exchange gained 1.25 cents to $2.6995 per lb. Markets have seen chaotic price movement in th...Read More
Kyzyl ramp-up signals new growth path at buoyant PolymetalSPONSOREDpolymetal internationalXiana paid US$25 million in cash for the complex which consists of three operating mines, a concentrate plant, related infrastructure and exploration licences near the northern city of Ovalle."MAP is an excellent cornerstone asset for the Xiana portfolio and we look forward to executing our optimization plans...Read More