RAPAPORT... Diamcor's average selling price rose to just under $112 per carat at its latest rough tender as demand shifted to higher-value goods, the miner reported last week.The company garnered $271,263 from the sale of 2,427 carats it produced at its Krone-Endora at Venetia mine in South Africa, which has been on care and maintenance since March. The price was 4.7% higher than the $107 per...Read More

RAPAPORT... Dubai has embarked on an eye-catching campaign to attract the global diamond industry to the emirate - and has lit up the world's tallest building to mark the launch.The story of a diamond's creation recently appeared on the side of the 830-meter Burj Khalifa skyscraper, promoting the city as a future hub for the trade, the Dubai Multi Commodities Centre (DMCC) said Friday. The di...Read More

RAPAPORT... Indian industry leaders have renewed their calls for limits on rough imports during the Covid-19 crisis, noting that diamond demand remained uncertain.The Gem & Jewellery Export Promotion Council (GJEPC) and four other trade bodies have told members to "maintain self-discipline" and only to buy rough in line with current demand. They also urged them to "exercise great caution"...Read More

(IDEX Online) - The IDEX Polished Diamond Price Index was flat throughout July, closing just a fraction up on the start of the month. It rose by 0.29 per cent, compared with a slight fall of 0.35 per cent in June. May was another straight-line month, down by a negligible 0.04 per cent. The index rose by 0.7 per cent in April, prompting hopes of a post-COVID recovery, but there has been little...Read More

(IDEX Online) - Israel's government is facing calls to set up an international free trade facility to kickstart the recovery of the country's crisis-hit diamond industry.A delegation from the Israel Diamond Exchange (IDE), led by its president Yoram Dvash, presented its case for increased government aid at a special hearing of the Knesset Economics Committee.The committee is calling on t...Read More

(IDEX Online) - Jacob the Jeweler, watchmaker to rappers and celebs, has unveiled a $7m timepiece, encrusted with 189 carats of diamonds.The Billionaire Ashoka takes its name from unique cut of the stones, which in turns is named after the third-century Indian warrior King Ashoka Maurya.The patented cut is said to optimize brilliance and can make a stone looks up 30 per cent larger than an emerald...Read More

Since the year beginning, oil exports went down by 8.8%, to 140.2 million tonnesRead full newsRead More

Russian Energy Minister Alexander Novak said earlier that Russia's compliance rate in June had been 99%Read full newsRead More

(Bloomberg) -- Tech and pharma may be getting the attention these days, but three mining billionaires are quietly padding their fortunes with an investment that's decidedly more old school.Saudi Arabia's Mohammed Al Amoudi and Russia's Alexander Nesis and the family of Suleiman Kerimov have the largestRead full newsRead More

Karangahake Gorge Historic Walkway in Karangahake, New Zealand, follows an old railway line with access to an abandoned gold mine. Bring a flashlight.Read full newsRead More

KORE Mining Ltd. (TSXV: KORE) (OTCQB: KOREF) (Read full newsRead More

Gold stocks continue to dominate the mid-pandemic stock markets. For a mix of momentum and safety, this asset class cannot be beaten amid high uncertainty and crushing market forces. In particular, Centerra Gold (TSX:CG) shot up 6% today, as investors woke up to its mix of growth and value. Its share price has now seen an outstanding 50% growth in the last three months.This is still a strong play...Read More

Self-directed investors can start making money online with stocks after they’ve created a stock investing account at a financial institution. There are two straightforward ways to make money — through price appreciation and dividends.What drives stock price appreciation?Two things drive stock price appreciation: business performance and valuation expansion. Here are examples for illust...Read More

Image from Metso Outotec. Metso Outotec closed on Monday the acquisition of the Australia-based fastener and wear monitoring technology provider Davies Wear Plate Systems, extending its wear lining portfolio and capabilities. The acquired technology includes fasteners with a unique locking mechanism that does not require traditional studs and nuts and enables faster and safer...Read More

Los Santos tungsten mine, Spain. Image by Almonty Industries. The global tungsten industry has yet to achieve success in expanding a supply chain outside China's dominant resource base, but new raw material sources could change the picture.Tungsten is a rare earth element (REE) and is on the US government's list of minerals considered critical to its economic and national security.The mineral is...Read More

I'm not a gold bug...I've always operated by the old Mark Twain quote that the definition of a gold mine is "a hole in the ground with a liar standing at the top."When I used to think of gold investing, I imagined an old prospector panning for it in a shallow creek, wearing a ragged hat and muddy overalls. I pictured end-of-the-world preppers screaming about burying gold in your backyard before th...Read More

File image. Barrick Gold (NYSE:GOLD, TSX:ABX) announced Monday it has grown its exploration team through the appointment of geologists Aoife McGrath and Leandro Sastre in the newly created positions of vice president exploration for Africa and Middle East, and Latin America and Asia Pacific respectively.The world's second-largest gold miner in March unveiled a 10-year production plan aimed at b...Read More

Brucejack mine, British Columbia. Image from Pretium Resources An incident took place last Friday at Pretium Resources' (TSX, NYSE: PVG) Brucejack mine near Stewart, British Columbia, leading to the death of one worker, the company reported over the weekend.The isolated incident occurred during maintenance at a support facility on surface, Pretium said in a media statement.The injured employee wa...Read More

Gold reversal. Stock image. Gold prices retreated from a record high on Monday as US and European equities rose on positive economic data and the dollar climbed. Worries over rising coronavirus cases and its impact on the global economy still remain, limiting bullion's losses.Spot gold fell 0.4% to $1,967.97 per ounce by noon EDT, after reaching an intraday high of $1,984.70 per ounce. Gold futur...Read More

Here are five Fastmarkets stories you might have missed on Monday August 3 that are worth another look.The year 2020 has been the ultimate stress test for commodity market participants and will stay challenging amid significantly impaired consumer demand trends due to the Covid-19 pandemic, according to the chief executive officer of Concord Resources. Mark Hansen said the economy is operatin...Read More