RAPAPORT... Israel's polished-diamond exports fell 37% year on year to $1.9 billion in the first 10 months of 2020, according to figures the government released last week.The decline, which reflects the impact of the pandemic, eased slightly in August when the global diamond market picked up, with polished exports for that month down 3% year on year. However, orders slipped 10% in September a...Read More

RAPAPORT... Jewelry was one of the top-selling categories at Macy's during the third fiscal quarter, even as overall sales declined at the department-store chain.Group revenue dropped 23% to $3.99 billion in the three months ending October 31, while comparable-store sales - at owned and licensed shops open for at least a year - fell 20%, the retailer reported last week. However, sales rose at the...Read More

RAPAPORT... Luk Fook has projected a sharp fall in revenue and profit for the first half of the fiscal year amid a resurgence in the coronavirus in the second quarter and its economic impact.Revenue declined 50% year on year during the April-to-September period, while profit decreased 40%, the Hong Kong jeweler said. However, those figures are better than the company had expected given the rise in...Read More

(IDEX Online) - Luxury spending will fall by almost a quarter this year as coronavirus sees the sector contracting for the first time in over a decade.Management consultants Bain & Co predict a 23 per cent drop in 2020, down by $257bn. Sales had been increasing year on year since 2009.They say the industry is "on a path to recovery by 2022-2023".Jewelry has seen sustained demand in Asia, and a...Read More

(IDEX Online) - The Namibian government is to waive a royalty charged to Namdeb, the diamond venture it runs jointly with De Beers.The company says it needs to invest more heavily in marine explorations - which already account for three quarters of its production - as land deposits run out, but can't afford to do so.It pays a 10 per cent royalty on diamond sales and 55 per cent corporate tax...Read More

(IDEX Online) - Jennifer Lopez became the latest showbiz icon to wear Forevermark diamonds as she was honored at The People's Choice Awards Los Angeles.The singer/actress sported just over 36 carats of Rahaminov Asscher diamonds set in a pair of platinum drop earrings, and a Black Label square diamond bangle set in 18k white gold (2.25 ctw).J.Lo, 51, (pictured) accepted an award for Peop...Read More

Scoped for growth: Nevada Copper shifts into production modeSPONSOREDnevada copper corp.Candelaria was suspended a month ago after the AOS Union's 550 workers at the operation joined the Candelaria Mine Workers Union in strike action after talks broke down.Lundin said the AOS Union had accepted the last formal offer which was presented by Candelaria on November 12.Scoped for growth: Nevada Copper...Read More

Scoped for growth: Nevada Copper shifts into production modeSPONSOREDnevada copper corp.The Montanore mine would potentially impact multiple streams designated as high-quality waters under Montana law with any release of copper, zinc, chromium, iron, manganese, ammonia, sediment and other pollutants harmful or toxic to aquatic life.While Hecla claimed the mine would use state-of-the-art technology...Read More

In a day that's often good for gold and mining stocks, investors are selling everything.Read full newsRead More

In a day that's often good for gold and mining stocks, investors are selling everything.Read full newsRead More

If you have got only a few dollars to spare and want to start investing, worry not. Investing in stocks, even with small amounts, can generate a considerable amount of wealth in the long term. Several TSX-listed stocks are trading at smaller dollar amounts but have strong fundamentals that could help these companies to outperform the broader markets in the long run. So, if you want to start i...Read More

The wealth-eroding effects of inflation are pretty insidious, especially over the long run. Many central banks desire to get inflation at that healthy range of about 2%. But sometimes, even hawkish central bank intentions may be forced to navigate off the path of its target.With the coronavirus crisis sparking an unprecedented magnitude of money-printing, there are fears that we could be in for an...Read More

Warren Buffett has been one of the top investors in the equity markets for almost six decades. So, whenever the Oracle of Omaha buys or sells a stock, it is big news for investors. Warren Buffett-owned Berkshire Hathaway recently reported its 13F filings, which revealed that the company reduced its exposure to Barrick Gold (TSX:ABX)(NYSE:GOLD) by 42% in Q3.Investors were surprised when Berkshire H...Read More

Here are five Fastmarkets stories you might have missed on Monday November 23 that are worth another look.European steel association Eurofer has filed a request to the European Commission to extend safeguard measures beyond their original expiration date of June 30, 2021, Yuriy Rudyuk, partner at Brussels-based law firm Van...Read More

The London Metal Exchange base metals complex had a small collective dip at the close of trading on Monday November 23, correcting after most base metals had gone to multi-year or year-to-date highs in the preceding week.Sentiment was cautious at the end of Friday with the three-month prices of metals such as copper, lead and nickel rallying and up by about 2%, but with market participants worried...Read More

Copper production could resume at Lundin's Candelaria copper mine in Chile after the company agreed a new collective bargaining agreement with a portion of striking workers there, Fastmarkets understands.Lundin reached a deal with around 550 workers from the AOS Union who had been striking over payment while workers...Read More

Jack ChanPosted Nov 23, 2020Gold sector as represented by $HUI is on a long-term BUY signal.Long-term signals can last for months and are more suitable for investors.Short-term is on SELL signal. Short-term signals can last for days and weeks and are more suitable for traders. COT data is supportive for overall higher gold prices.COT data is supportive for overall higher silver prices.Our ratio is...Read More

Lundin Mining has agreed a 30-month collective labor agreement with around 550 workers at its Candelaria copper unit in northern Chile, partially ending a month-long walkout at the site.On Friday November 20, the Canada-headquartered miner said the Candelaria AOS Union in Chile had accepted the company's latest offer, which was presented to the union on November 12.The miner still n...Read More

The European ferro-silicon market has risen over the past week to a range not seen for more than six months, sources told Fastmarkets on Monday November 23.And with tight domestic availability and no likelihood of any significant volume of imported material for some time to come, there was expectation in the market of further price increases in the coming weeks.Underscoring market sentiment for an...Read More

The IHS Markit Flash US Composite PMI put the overall expansion up from 56.3 in October to 57.9 in November, the highest level since March 2015.Meanwhile Oxford University and AstraZeneca said interim trial data showed their vaccine candidate offered a high level of protection and did not require extremely cold temperatures for storage.However AstraZeneca shares closed 3.8% lower in London given t...Read More