RAPAPORT... De Beers' production grew 25% year on year to 8.9 million carats in the first quarter as the company responded to strong demand and benefited from improved conditions at its mines.The rise partly reflected a favorable comparison with a period of operational difficulties a year earlier, when high rainfall in Botswana and at the Venetia mine in South Africa restricted output.Product...Read More
RAPAPORT... Kering's jewelry and watch divisions grew sharply in the first quarter amid strong sales in North America and Western Europe.Revenue from the company's "other houses" segment, which includes jewelry and watches, rose 35% year on year to EUR 973.4 million ($1.05 billion) for the three months ending March 31, the company said last week. "Kering's other houses posted an extremely strong f...Read More
RAPAPORT... De Beers has inked two exploration agreements with the Angolan government, paving the way for the miner's return to the African country after a decade-long absence.The 35-year "mineral investment contracts" are for license areas in northeast Angola, De Beers said last week. They cover all stages from exploration to mining. The company expects to begin exploration activities this y...Read More
RAPAPORT... US consumers are expected to spend a record amount on jewelry this Mother's Day as they look to find "meaningful" gifts for their loved ones, according to a National Retail Federation (NRF) survey."Jewelry remains a timeless gift selection for Mother's Day and continues to capture an increasing market share," said Phil Rist, vice president of strategy for Prosper Insights & Analyti...Read More
(IDEX Online) - Wonder Woman actress Gal Gadot is the face of Tiffany & Co's campaign for its new high jewelry collection.She wears a dandelion-inspired diamond necklace, an orchid brooch and a diamond and sapphire thistle necklace from its spring Blue Book collection, entitled Botanica. She also wears several of Jean Schlumberger's masterworks, including his iconic Bird on a Ro...Read More
(IDEX Online) - Bulgari has crafted a platinum, diamond and emerald tiara to mark Queen Elizabeth II's 70 years on the throne.The Italian jeweler says a a team of five, led by a master goldsmith, spent over 1,500 hours creating the piece, which is to be sold privately. No price has been disclosed.The tiara features a 63.44-carat Zambian emerald, carved with a blooming lotus flower. It i...Read More
(IDEX Online) - The Jewelers' Security Alliance (JSA) is offering a reward of up to $5,000 after a pawnshop owner in New York was bludgeoned to death with a metal pipe.Arasb Shoughi, 60, was so badly beaten that police initially thought he'd been shot in the head.He was attacked during a jewelry robbery at the Global Pawn Shop, on Jamaica Avenue, Queens, on 28 March, and died in hospital...Read More
Why do we hate mailmen so much? What have America's mail carriers done to deserve such disrespect?We've mandated these folks deliver mail to us six days a week. And we expect them to do it despite any and all weather conditions.Mail carriers have to make anywhere from 200 to 800 delivery stops a day. Each delivers thousands of letters, packages, and mailers every single day. And if a single postca...Read More
Share this article VANCOUVER - Paycore Minerals Inc. [CORE-TSXV] reported exploration drilling results from the 100%-owned FAD property in the Battle Mountain-Eureka gold belt in Nevada. Paycore common shares commenced trading on the TSX Venture Exchange today.Drilling highlights include the first hole drilled to test for near-surface mineralization intersected multiple mineralized horizons over...Read More
Share this articleTORONTO - Kinross Gold Corporation (TSX:K; NYSE:KGC) announced today that it has entered into a sale agreement with Asante Gold Corporation (CSE: ASE; FSE: 1A9) to sell its 90% interest in the Chirano mine in Ghana for a total consideration of $225 million in cash and shares. The Ghanaian government has a 10% carried interest in Chirano.Upon closing of the transaction, Kinross wi...Read More
We spoke with Donald Bubar, who is a Professional Geologist and CEO of Avalon Advanced Materials Inc. (TSX: AVL, OTCQB: AVLNF), a Canadian mineral development company, specializing in sustainably produced materials, for clean technology. The Company is developing -domestic critical materials supply chains, including establishing a new lithium battery materials refinery, in Thunder Bay, and getting...Read More
Back in 2011, I found myself alone on the roads of suburban Baltimore. It was a foggy night like the one pictured below, except I was driving a 2001 Civic with a broken radio and 200,000 miles on the odometer. Not far from home, I rolled to a stop in front of a traffic light that looked old enough to be gas-powered. With nowhere in particular to be, I sat and waited. And waited. And waited....Aft...Read More
Kitco News, Released on 4/25/22Todd "Bubba" Horwitz of BubbaTrading.com discusses gold's next moves with David Lin, anchor for Kitco News. 0:00 - Market reaction2:26 - China growth6:11 - The Fed and inflation9:16 - Oil, taxes12:50 - Food prices15:22 - Gold performance18:22 - Stock market outlook19:14 - Gold price outlook Todd Horwitz - known as Bubba - is chief market strategist of BubbaTrading.co...Read More
Road To Roota, Released on 4/25/22Great discussion on the necessity to BUY Physical Silver at these artificial derivative price dislocations. 81-1 Gold/Silver Ratio is a..."No Brainer!"Bix Weir has 30 years' experience in the financial industry with various fortune 500 companies. He is the creator of the "Road to Roota Theory" and his commentary is published at www.RoadtoRoota.com. Bix has dedicat...Read More
Rebel Capitalist, Released on 4/25/22George Edward Gammon is an American real estate investor and entrepreneur. He produces and stars in a popular YouTube Channel. Prior to 2012, George started, owned, and operated multiple businesses ranging from conventions to advertising. The last growing to 24 million in annual revenues and over 100 employees. After 12 years as a successful entrepreneur, at th...Read More
Stansberry Research, Released on 4/25/22"The initial stages of soaring inflation are actually beneficial for inflation," and for the borrower, asserts Bert Dohmen, founder of DohmenCapital.com and publisher of the Wellington Letter. With real inflation currently calculated near 16%, "people will soon run out of spending power," he tells our Daniela Cambone. "Transitory inflation is a figment of ec...Read More
Rebel Capitalist, Released on 4/25/22George Edward Gammon is an American real estate investor and entrepreneur. He produces and stars in a popular YouTube Channel. Prior to 2012, George started, owned, and operated multiple businesses ranging from conventions to advertising. The last growing to 24 million in annual revenues and over 100 employees. After 12 years as a successful entrepreneur, at th...Read More
The Daily Gold, Released on 4/24/22It is counterintuitive but since 2016, Gold & Silver have performed well after peaks in inflation and poorly once inflation became entrenched. Much of the reason is due to real interest rates, which drive precious metals. Peaks in real interest rates have coincided with peaks in inflation. Gold & Silver are setting up to bottom when the rate of inflation peaks an...Read More
CNBC, Released on 4/25/22"The have no choice but to raise 50 basis points," says @elerianm. "But the marketplace itself will have to revisit this very aggressive bout of hikes that is being priced in and ask the question, 'Does that make sense?" pic.twitter.com/e4dQMEngwJ- Squawk Box (@SquawkCNBC) April 25, 2022 Mohamed El-Erian is the Chief Economic Adviser of Allianz, a multinational financial s...Read More