The world's top diamond producer by output, Alrosa (MCX:ALRS), ran an experiment at its Zapolyarnaya pipe, which is a part of the Verkhne-Munskoye deposit in the west of Yakutia, and found that the area has the potential to become one of its richest in large diamonds deposits.The test, which took place from March 11 to March 15, 2019, consisted in feeding the processing plant N12 in the town of Ud...Read More
RAPAPORT... A twin-stone blue diamond ring will be the top lot at nextmonth's Christie's New York auction, with a presale estimate of $6 million to $8million. The piece, bearing two pear modified brilliant-cut, fancy-vivid-blue, VS2-clarity diamonds weighing 3.06 and 2.61 carats, will go underthe hammer at the Magnificent Jewels sale on April 16, the auction house saidlast week. Christie's w...Read More
Alrosa predicts that the Zapolyarnaya pipe in its Verkhne-Munskoye diamond deposit in west Yakutia may become one of its richest sources for large diamonds. During a week-long experiment conducted earlier this month, about 100,000 tons of ore from the Zapolyarnaya pipe was processed with the goal to establish the quality, color and clarity grades of the diamonds samples and to assess the cost per...Read More
RAPAPORT... Gem Diamonds has recovered a 161-carat rough stone, the first over 100 carats it has reported this year. It found the high-quality, white, type IIa diamond on March 21at its Let??eng mine in Lesotho, the company said Friday. Last year, Gem Diamonds found 15 stones weighing more than100 carats, a record for the company. That haul included the 910-carat LesothoLegend, which sold fo...Read More
The American Gem Society (AGS) will honor three leaders in the jewelry industry at its annual Circle of Distinction Dinner on Tuesday, July 30 at the Plaza Hotel in New York City.Alan M. Zimmer, President and CEO of REEDS Jewelers, Inc., will receive the AGS' Lifetime Achievement Award for his significant contributions to the industry throughout his career. Caryl Capeci, President, Chow Tai Fook N...Read More
Aron Shum, principal of the Hong Kong-based Coronet company, established yet another Guinness World Record, this time for a watch set with most diamonds. The feat was achieved during the earlier this month during Baselworld, the prestigious Swiss watch and jewelry trade fair. It was Coronet's 9th Guinness World Record. The 'Mudan' diamond watch features 5,858 diamonds. The 18-karat gold...Read More
"Attendance was excellent, and people were in a spending mood" is how Dave Siminski, vice president of sales and marketing at United Precious Metal Refining in Alden, New York, described the atmosphere of the 2019 MJSA Expo, which ran March 10-12. Siminski--was among the many exhibitors at this year's show,. Over the course of those three days, more than 3,000 buyers crowded the aisles at New...Read More
British-based trading and investment group Energy Financing Team (EFT) said on Saturday it will take its 300 megawatt (MW) Stanari coal-fired power plant in northern Bosnia offline for a 35-day overhaul from March 25.The Stanari power plant in Doboj is the first privately-funded power plant in the Western Balkans which came online in 2016. It produced 2,056 gigawatt hours (GWh) of electricity in 2...Read More
ENDEAVOUR ACHIEVES FIRST GOLD POUR AT ITY CIL PROJECT 4 MONTHS AHEAD OF SCHEDULE View News Release in PDF HIGHLIGHTS Over 8.5 million man-hours have been worked without a lost time injury The ...Read full newsRead More
ENDEAVOUR ACHIEVES FIRST GOLD POUR AT ITY CIL PROJECT 4 MONTHS AHEAD OF SCHEDULE View News Release in PDF HIGHLIGHTS Over 8.5 million man-hours have been worked without a lost time injury The ...Read full newsRead More
"Coming soon! #Cookies #Beverages #Drinks #Beer #Alcohol #Copacking #Distribution #Transportation #CEO #Formulation #Edibles #THC #California #USA #Investing"Read full newsRead More
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Precious metals were supported by a down dollar after the US Federal Reserve decision to pause interest rate hikes for 2019.Read full newsRead More
"Video Interview - Chantelle Schieven, research head at Murenbeeld & Co.: Ignore the Day to Day - Gold is a Long-term Investment. https://t.co/oityE0W8NQ #gold #investing"Read full newsRead More
Rio Tinto, the world's No. 2 iron ore miner, said on Sunday it was suspending rail operations in the Pilbara region and mining at the Robe Valley operations in Western Australia as a severe tropical cyclone hit the state's far north.The suspension comes after Rio, BHP, and Fortescue on Thursday cleared their ships from ports ahead of Cyclone Veronica, which reached land south of Port Hedland, the...Read More
The mid-tier gold miners' stocks have been rallying on balance in recent months, carving a solid young upleg. They've mostly finished reporting their latest fourth-quarter results, revealing how they are faring fundamentally. Their operating and financial performance is very important for investors, as the mid-tier realm is where most of the gold-stock sector's gains accrue. They fared reall...Read More
Growing economic and geopolitical uncertainty continues to weigh on stocks and support the price of defensive assets — notably, gold. There are growing claims among analysts that gold could reach US$1,400 an ounce or even higher during 2019. This will be a boon for gold miners with high-quality low-cost operations, like Dundee Precious Metals (TSX:DPM).Production at Krumovgrad commencesThe i...Read More
Amarillo Gold (TSXV: AGC) has reinterpreted its resource model for the Posse gold deposit at its Mara Rosa gold project in Goias State, Brazil, and with it updated the project's resource estimate. The company says its new model fundamentally alters its understanding of mineralization at Posse.The updated resource model spans three contiguous zones and includes a higher grade core that Amarillo cou...Read More
Despite the claims by some pundits that silver, known as poor man's gold, is overdue for a massive rally, there are signs that the white metal will remain weak over 2019. This is a tremendous deterrent against choosing to invest in primary silver miners, particularly when it is considered that even with gold firming to over US$1,300 per ounce, silver has failed to perform.Lack of investmentThe whi...Read More
British Columbia Investment Management Corporation (BCI) says it will vote against the proposed merger of Goldcorp (TSX: G; NYSE: GG) and Newmont Mining (NYSE: NEM) due to Goldcorp's decision to award its chairman, Ian Telfer, a $12 million retirement allowance.BCI, which provides investment management services to B.C.'s public sector and has about $145.6 billion under management, says the retirem...Read More