RAPAPORT... Tiffany & Co.'s latest marketing campaign will star Beyonc?(C) Knowles-Carter and husband Jay-Z, as the luxury jeweler aims for a creative take on modern love.The About Love campaign features Beyonc?(C) wearing the 128.54-carat yellow Tiffany Diamond, the first time it's been worn in a campaign, the company said Monday. The celebrities will also showcase pieces from the Tiffany T c...Read More

RAPAPORT... Rough-diamond prices have fallen by up to 5% on the secondary market since last month's release of goods by Russia's state gem depository, according to estimates from Alrosa.The Gokhran auction on July 23 brought almost $140 million in inventory into the supply chain, easing the sector's shortages, the Russian miner's deputy CEO, Evgeny Agureev, told Rapaport News Thursday.Rough h...Read More

Tiffany & Co. said that singers Beyonc?? (C) and JAY-Z will star in its latest campaign celebrating modern love.   Tiffany's debut of "ABOUT LOVE" marks the latest evolution of the luxury jeweler's new creative direction. The campaign is the result of a close collaboration and a shared vision between both the singers and Tiffany & Co.   "Beyonc?? (C) and JAY-Z are the...Read More

Gem Diamonds Limited is selling Gem Diamonds Botswana Proprietary Limited (GDB) to Okwa Diamonds (Pty) Ltd. GDB's main asset is the Ghaghoo diamond mine in Botswana.   The mine has been on care and maintenance since March 2017, and is wholly owned by GDB. As of 31 December 2020, the gross assets of GDB were US$3.5 million and the loss attributable to GDB for the 12-month period ended 31...Read More

Hot-rolled coil prices in the United States stood firmly above $96.50 per hundredweight ($1,930 per short ton) for a third consecutive business day, while sources remained split as to whether hot band prices are beginning to plateau.Fastmarkets' daily steel hot-rolled coil index, fob mill US was calculated at $96.57 per cwt ($1,931.40 per ton) on Monday August 23, falling by 0.27% from $96.83 per...Read More

Iconic American retailer Macy's saw a huge rise in its share price after releasing solid second-quarter fiscal 2021 results which beat analysts' expectations, with jewelry sales featuring strongly. "The quarterly performance gained from strong sales across merchandise categories, as consumers continued to emerge from pandemic-led impacts," the firm said in a statement, reporting an...Read More

Domestic prices for hot-rolled coil in Northern Europe and Italy were broadly unchanged during the week to Friday August 20 amid low trading activity during the summer holiday slowdown.Fastmarkets calculated its daily steel hot-rolled coil index, domestic, exw Northern Europe at ?,?1,142.50 ($1,336.45) per tonne on Friday, down by ?,?0.63 per tonne day on day from ?,?1,143.13 per tonne. The index...Read More

Domestic hot-rolled coil (HRC) prices in China extended their gains on Monday August 23, buoyed by constrained production but subdued by rising inventories and persistent concerns over demand.DomesticSteel hot-rolled coil domestic, ex-whs Eastern China (Shanghai) was 5,660-5,700 yuan ($870-876) per tonne, up by 30-40 yuan per tonne from Friday August 20.The most-traded HRC contract on the Sha...Read More

China's domestic rebar prices moved up on Monday August 23 on strengthening demand in many parts of the country, though heavy rain continued to keep demand in a few provinces subdued. DomesticEastern China (Shanghai): 5,130-5,170 yuan ($788-794) per tonne, up by 50-60 yuan per tonneConstruction activity has increased in large parts of China, such as the eastern and northern region, on clear weathe...Read More

Spot prices for steel rebar imports into Singapore dipped in the week to Monday August 23 amid pressure on traders to offload cargoes after iron ore prices collapsed last week.Traders were offering Indian rebar at $735-740 per tonne cfr Singapore on a theoretical weight basis, down by $5 per tonne from the previous week."The Hong Kong import market has also been receiving offers at these levels,"...Read More

The rising cost of coking coal has led to a sharp drop in demand for iron ore lump, sources told Fastmarkets on Monday August 23.Fastmarkets iron ore indices 62% Fe fines, cfr Qingdao: $136.71 per tonne, down $3.73 per tonne62% Fe low-alumina fines, cfr Qingdao: $137.22 per tonne, down $3.93 per tonne58% Fe fines high-grade premium, cfr Qingdao: $106.64 per tonne, down $2.16 per tonne65% Fe Brazil...Read More

China's domestic coking coal market rose sharply in the week to August 23 due to the supply shortage from Mongolia, which also weighed on market sentiment in seaborne coking coal prices in the cfr China market. The fob Australia market inched up amid steady buying interest for October-laycan cargoes, sources told Fastmarkets.Fastmarkets indicesPremium hard coking coal, cfr Jingtang: $381.73 per to...Read More

China imported 88,218 tonnes of ferrous scrap in July, a 16% increase from June, according to the latest Chinese customs data.Of the total, 66,096 tonnes - or 74.92% - originated in Japan.South Korea remained China's second-largest scrap supplier in July, accounting for 14,464 tonnes (16.4%) of imports.Taiwan (3,590 tonnes; 4.07%) and Hong Kong (1,214 tonnes; 1.38%) were other significant sources...Read More

Future remains golden for Rox ResourcesSPONSOREDrox resourcesCashed-up Karora is doubling gold production at a blistering paceSPONSOREDkarora resourcesOzAurum drills in home of goldSPONSOREDozaurum resourcesThe Future of Tailings ManagementSPONSOREDThe latest 22 holes at VC-07 East hit multiple broad intersections of massive, semi-massive, matrix and heavily disseminated nickel-copper sulphides. T...Read More

Analysts noted the "macro meltdown" with commodity prices sharply declining recently and sentiment deteriorating on the back of weak macro data, along with the prospect of the US Fed tapering soon.However in an August 21 note, Christopher LaFemina said in terms of the weaker than expected macro data, Jefferies analysts believed the issues were transitory.He also said the evidence of copper supply...Read More

Prices for seaborne iron ore pellets and concentrate plunged further in the week ended Friday August 20 amid weak demand and a downtrend in the futures market.Fastmarkets iron ore indicesIron ore pellet premium over 65% Fe fines, cfr China: $34.50 per tonne, down $6.70 per tonne. 65% Fe blast furnace pellet, cfr Qingdao: $207.74 per tonne, down $20.62 per tonne.66% Fe concentrate, cfr Qingdao: $16...Read More

U.S. equity index futures were higher this morning. S&P 500 futures were up 15 points in pre-opening trade.JD.com added $2.20 to $245.80 after the company reported higher than consensus second quarter revenues. General Motors slipped $0.28 to $48.52 after the company announced a charge in excess of $1 billion to cover the cost of a recall of its Volt cars.Trillium Therapeutic (TRIL.TO Cdn$7.81...Read More

Key data from Fastmarkets' pricing session on Monday August 23.Key drivers The spot cobalt international metal price for both alloy and standard grades widened downward on lower offers from sellers in a quiet market, with limited buyers seeking spot units and...Read More

Tianyuan Manganese Industry Group (TMI), said to be the world's largest producer of manganese flake, has not halted production, it told Fastmarkets, dispelling a recent rumor that has helped to drive manganese prices to new heights worldwide.Distorted reports of an explosion some time in the week ended Friday August 13 near TMI's operations in Zhongwei, in China's Ningxia province, were heard amid...Read More

The Cobalt alloy grade, in-whs Rotterdam, $/lbtrade log including business, bids and offers reported to Fastmarkets.Fastmarkets publishes trades logs for its key price assessments and indices to bring more transparencyinto the markets it covers and the pricing process it applies.Fastmarkets assessed Cobalt alloy grade, in-whs Rotterdam, $/lb...Read More