RAPAPORT... Tiffany & Co. has launched a non-fungible token (NFT) that comes with a real piece of jewelry, targeting an exclusive group of digital collectors."NFTiffs" will be available solely to owners of CryptoPunks, a set of valuable NFTs comprising randomly generated pixelated portraits, Tiffany said Sunday in a Twitter post.The retailer will offer 250 digital passes priced at 30 Ethe...Read More
RAPAPORT... Hong Kong's hard-luxury sales grew at a more moderate pace in June as the health situation deteriorated and interest rates climbed.Sales of jewelry, watches, clocks and valuable gifts rose 2.3% year on year to HKD 3.39 billion ($431.2 million) for the month, the municipality's Census and Statistics Department reported Tuesday. While sales increased, June's figure is well below May's 8%...Read More
RAPAPORT PRESS RELEASE, August 2, 2022, Las Vegas... Diamond trading slowed in July as US dealers closed for the two-week summer break. Economic and geopolitical uncertainty fueled caution, leading to a decline in polished prices. The RapNet Diamond Index (RAPI?,,?) for 1-carat goods fell 2.6% during July but remained 4.6% higher than at the beginning of the year. RapNet Diamond Index (RAPI?,,?)...Read More
(IDEX Online) - Tiffany & Co is selling limited edition pendants to owners of CryptoPunks - a set of 10,000 unique and collectible Ethereum blockchain characters.The jeweler says it's taking NFTs (non fungible tokens) to "the next level" by creating NFTiffs, or replicas of the virtual CryptoPunk designs.Each one will have at least 30 stones, among them diamonds and colored gemstones...Read More
(IDEX Online) - Fancy color diamonds prices rose by an average of 0.8 per cent in the last quarter.That's a slowdown on the previous three months (1.0 per cent Q1 2022), but still puts them way ahead of other global indices, says the New York-based Fancy Color Research Foundation (FCRF). In Q2 2022 it says the Dow Jones was down 11.3 per cent, the S&P down 16.4 per cent, gold d...Read More
(IDEX Online) - A jeweler in the US has been jailed for more than 12 years after pleading guilty to an investment scam involving a 77-carat "Yellow Rose" diamond.Joseph DuMouchelle, 61, persuaded a client to make a wire transfer to the seller's account for $12m, claiming he could sell it on for $16m.But the money went into his own account and he promptly withdrew it to pay off personal and bu...Read More
The priority of Petro, who takes office on August 7, will be to undertake a tax reform, targeted at raising more from the middle class, property transactions and inheritance as he seeks to spend moreRead More
Alicanto wows with maiden resourceSPONSOREDalicanto mineralsSavannah eyes major Li production in PortugalSPONSOREDsavannah resourcesMining Journal and MiningNews.Net: Mongolia Country SupplementSPONSORED"There [needs to be] a mindset shift away from patting ourselves on the back for the changes we have already made," Sharon Warburton, who holds non-executive directorships across multiple sectors*,Read More
U.S. equity index futures were lower this morning. S&P 500 Index was down 25 points in pre-opening trade.Pinterest advanced $4.23 to $24.22 after the company released encouraging second quarter results. Elliot Management, an activist investor confirmed recent purchases in the company. Mosaic dropped $1.63 to $49.76 after reporting lower than consensus second quarter revenues and earnings. CF I...Read More
About 700 tonnes of gold-bearing material valued at about $191,357 (ZAR2.5 million) has been recovered in a multidisciplinary enforcement action on eight premises on Monday in South Africa's West Rand, part of the historic Witwatersrand Basin.The South African Police Services' elite crime-fighting Directorate for Priority Crime Investigation said Monday that one illegal miner, known as a 'Zamazama...Read More
Benz Mining (TSXV: BZ; ASX: BNZ) has received assays for the six holes drilled in April 2022 as part of its initial lithium exploration at the Ruby Hill West discovery in Quebec. The best results came from RHW22-006, which intersected 26.4 metres at 1.01% lithium oxide (Li2O) and 3.7 metres at 2.61% Li2O, with tantalum, rubidium and cesium association. Holes RHW22-001, 002, 003 and 005 also showed...Read More
This week's episode features Lincoln Strategic Senior Client Director, Global Mining Recruitment, Erik Buckland, who gives an update on the mining labour market and how technology and robotics are being increasingly used in lieu of employees by mining companies. He also discusses the growing perception of the mining industry as an environmentally-friendly sector, and gives tips to people who are...Read More
Royal Gold (NASDAQ: RGLD; LSE: 0KXS) announced on Tuesday a US$525-million acquisition of a sliding-scale gross royalty on an area including the Cortez mine and Fourmile project in Nevada from Rio Tinto's (NYSE: RIO; ASX: RIO) subsidiary Kennecott Royalty company.The transaction gives the Denver, Colo.-based royalty firm an effective 1.2% gross royalty in an area within the Cortez complex, which i...Read More
Over the July 25-28 trading period, the Dow Jones Industrial Average gained 855.09 points, or 2.7%, to 32,845.13, and the S&P 500 jumped 151.79 points or 3.8% to 4,118.63. Although the Federal Reserve announced a 75-basis point rate hike on July 27, markets reacted positively as the central bank signalled future increases could be more tempered, depending on economic conditions. Shares in Nexa Re...Read More
Over the July 25-29 trading week, the S&P/TSX Composite Index gained 588.44 points or 3.1% to end at 19,104.48. The S&P/TSX Global Mining Index gained 5.15 points or 5.9% to 92.64; and the S&P/TSX Global Base Metals Index added 10.78 points or 7.4%. The S&P/TSX Global Gold Index also turned positive, rising 12.86 points or 5.7% to 238.62, while spot gold advanced US$34.5 or 2% to end the week at...Read More
New Found Gold (TSXV: NFG) has released results from 17 diamond drill holes that were completed as part of an ongoing program exploring a highly prospective segment of the Appleton fault zone (AFZ) immediately north of the high-grade Keats zone at its Queensway project in Newfoundland.AFZ is one of two prominent north-east trending faults that are interpreted to be the primary fluid conduits for g...Read More
Gold Field's (NYSE: GFI; JSE: GFI) intended acquisition of Canada's Yamana Gold (TSX: YRI; NYSE: AUY) remains in limbo, though the South African miner has gained backers and says its shareholders are starting to understand the strategy.Speaking after his second international roadshow to turn deal detractors around, Gold Fields chief executive Chris Griffith said some of the company's investors are...Read More
The S&P/TSX Venture Composite Index gained 38.07 points or 6.26% over the July 25-29 trading session to end the week at 646.04. Battery metals companies were the top gainers in value in the trading week, with Sigma Lithium shares gaining $3.10, or 15.9%, to $22.55 apiece. According to Trading Economics data, lithium carbonate prices in China rose slightly to 476,500 yuan ($90,735.04) per tonne at...Read More
Falcon Gold Corp. (FG:TSX-V), (3FA:GR), (FGLDF:OTCQB); (Read full newsRead More
Lahontan Gold Corp. (TSXV:LG)(OTCQB:LGCXF) (theRead full newsRead More