(IDEX Online) - Iconic jeweler Harry Winston has been displaying the record-breaking vivid pink diamond named after its founder at its New York store - and says it is accepting sales inquiries.The 18.96-carat rectangular-cut gem became the priciest pink diamond ever sold by auction house Christie's when it went for $50.4im n November 2018. The Pink Legacy Diamond went on display fo...Read More
(IDEX Online) - India is to host its first major gem and jewelry trade show since the start of the Covid pandemic.Visitors to India International Jewellery Show (IIJS) Signature 2021 in April will only be admitted on production of a recent negative Covid-19 report.The show, expected to attract over 750 exhibitors, signals a return to "business as usual" after a year in which virtually all shows ac...Read More
RAPAPORT... The India International Jewellery Show (IIJS) Signature exhibition will run next month in Mumbai, marking the sector's first large trade fair since the onset of the Covid-19 pandemic, organizers said.The annual event will take place from April 7 to 12 at the Bombay Exhibition Centre in the Goregaon neighborhood, India's Gem & Jewellery Export Promotion Council (GJEPC) announce...Read More
(IDEX Online) - Year-on-year diamond prices for February were up 1.9 per cent, the biggest monthly increase for over two years. They have been climbing for almost a year now and appear to be finding their level after recovering from the doldrums of the first Covid waves. After the disruption of the early months of the pandemic, the graph has resumed its traditional wave pattern. Monthly prices wer...Read More
RAPAPORT... Sarine Technologies plans to list its shares on the Tel Aviv Stock Exchange, aiming to widen its access to investors around the world.The move would leave the Israel-based company with two listings, as its stock is already traded on the Singapore Exchange. Both bourses recently allowed companies to float on a second exchange. Sarine, which supplies manufacturing equipment to the d...Read More
Access our research platformsSign-in to our platforms to access our extensive research, our latest insight, data and analytics and to connect to our industry experts.Ann-Louise Hittle, vice president, Macro Oils, at global natural resources consultancy Wood Mackenzie, said: “OPEC+ took the market by surprise today when it decided to roll over its quota, saying that rather than anticipate a d...Read More
RAPAPORT... China saw strong growth in platinum-jewelry demand in the fourth quarter of 2020, as the economy began to rebound from the coronavirus pandemic, Platinum Guild International (PGI) reported.Demand for branded collections grew by up to double-digit figures in the country compared to the same period in 2019, the trade organization said last week. Platinum-jewelry manufacturing rose 14% ye...Read More
RAPAPORT... The discussion surrounding conflict diamonds has evolved. Frustrated by the failure of the Kimberley Process (KP) to address today's broader ethical challenges, the trade has developed several programs to compensate. Groups such as the Responsible Jewellery Council (RJC) and private entities have systems in place to assure buyers that their diamonds can be fully accounted for, have don...Read More
The European ferro-titanium price dropped over the week to Wednesday March 3, with the range widening lower, which surprised industry sources because an acute shortage of scrap has been pushing up all titanium markets in recent months, sources said.The dip in ferro-titanium prices should be brief, however, given the upward pressure on prices from tight feedstock supplies, which is squeezing alloy...Read More
Trafigura has confirmed it will hold a 19% stake in the Goro nickel mining and processing complex in the South Province of the French territory of New Caledoniia, 1,200km east of Australia.The announcement by the Swiss trading and mining company comes alongside reports that electric vehicle car maker Tesla will source material from the mine for use in its batteries.Trafigura is part of the Prony R...Read More
Some US aluminium traders reacted positively to Commerce Secretary Gina Raimondo's comments on the Section 232 steel and aluminium tariffs, which she called "effective" in a televised interview on Thursday March 4."Let me say those tariffs have been effective. The data show that those tariffs have been effective. And I think what President Biden has said is we're going to have a whole-of-governmen...Read More
Copper is effective at killing bacteria on high-touch transit surfaces, results from a trial study backed by Canadian miner Teck Resources showed.Based on sample-testing that was performed on transit and in a lab, the trial concluded that select copper products on transit are durable and kill up to 99.9% of all bacteria within one hour of the bacteria's contact with the surface.The trial, which be...Read More
The sell-off in the London Metal Exchange three-month nickel price continued on March 4, with the metal down to its lowest since November 2020 during early trading, with a higher US Dollar also dragging the rest of the complex down by an average of 2%.The US Dollar was up to as much as 91.17 at 9am, from Wednesday's 5pm reading of 90.88, while the rise in yields of the US 10-year Treasury bonds to...Read More
China's stainless steel prices decreased in the past week amid a flagging nickel market.The three-month nickel contract on the London Metal Exchange ended the official session on Wednesday March 3 at $17,864 per tonne, down by $1,538 per tonne (7.9%) from $19,402 per tonne a week earlier.DomesticStainless steel cold-rolled coil 2mm grade 304 domestic (Wuxi): 15,600-16,900 yuan ($2,412-2,613) per t...Read More
Chinese nickel premiums widened upward in the week to Tuesday March 2, with a favorable import arbitrage and increased spot liquidity providing support, while terms in Europe and the United States were broadly flat.Nickel premiums rise in China, ore prices set another record highEuropean cut cathode premium rises 5%, others flatUS premiums unchanged as participants remain watchfulChina's refined m...Read More
Hot Chili knock, knock, knockin' on tier 1 doorSPONSOREDhot chiliThe company started drilling in mid-December and after a short break for Christmas, Xtract announced on January 12 that "significant copper mineralisation" had been intersected in the first hole fromRead More
Eight industry associations representing various steel end-consumers in Europe have sent a letter to the European Commission (EC) asking for termination of the region's safeguard measures imposed on steel imports.The European Commission started an investigation on February 26 into the possible extension of existing safeguard measures, which are applied to imports of 26 steel product categories.The...Read More
Import prices for flat-rolled steel in South America soared in the week to Friday February 26 on a swift increase in bulk freight rates and higher offers from Chinese mills, returning to the market after the Lunar New Year holiday, sources said.By the end of the week, some of offers previously presented to the continent were pulled, due to uncertainties regarding delivery. Reduced availability of...Read More
Hot Chili knock, knock, knockin' on tier 1 doorSPONSOREDhot chiliThe update comes as copper remains close to a near-10-year high reached in February, when it surged above US$9,000 a tonne and $4/lb for the first time since 2011, on tight supply and economic optimism.SAVANT's global activity dispersion index average was 45.8 for February, compared with 46.5 a month earlier when significant fall...Read More
Domestic prices for steel hot-rolled coil (HRC) in Northern Europe inched further up day on day on Thursday March 4 due to a coil shortage and strong demand, sources told Fastmarkets.Fastmarkets calculated its daily steel hot-rolled coil index, domestic, exw Northern Europe at ?,?750.00 ($905.59) per tonne on Thursday March 4, up by ?,?1.25 per tonne from ?,?748.75 per tonne on March 3, based...Read More