RAPAPORT... Johanna Levy has joined the Gemological Institute of America (GIA) as its first vice president of environmental, social and governance (ESG) programs.Levy will spearhead the GIA's sustainability policy and practices. The aim is to advance its consumer-protection mission of moving itself and the industry closer to a more sustainable future, it said in a LinkedIn post last week.Before jo...Read More
RAPAPORT... De Beers has appointed Ivette Nersesyan-Stephanopoulos as vice president of Code of Origin and trade services for North America.In her new role, Nersesyan-Stephanopoulos will be responsible for promoting and growing De Beers' trust-mark program, which enables retail jewelers to sell the miner's diamonds and tap into its branding. She will also endorse the company's trade services to th...Read More
RAPAPORT... Rapaport's Avi Krawitz chats with Wesley Tucker, head of digital transformation and Tracr at De Beers, about the industry's drive to develop diamond tracking programs. In this episode of the Rapaport Diamond Podcast, Tucker outlines the progress Tracr has made as De Beers works toward putting all of its production on the platform. The two discuss how the miner can enable more sigh...Read More
(IDEX Online) - Two suspects have been arrested after an armed robbery in Phoenix, Arizona, USA, that left a jewelry store worker in a critical condition with a gunshot wound.Matthew David Jones, 22, and Helen Ann Simmons, 18, were caught two days later at Huntington Beach, California, 400 miles away, following an hour-long car chase that was caught on camera.One suspect allegedly pointed a gun at...Read More
(IDEX Online) - GIA is to open a lab in Dubai for the first time, it was announced today.It is scheduled to open in mid-2023, offering its services to over 1,150 diamond companies at the Dubai Multi Commodities Centre (DMCC).News follows an announcement in February that Dubai had overtaken Antwerp as the top trading hub globally for rough diamonds - over $22.8bn in 2021.The move "reflects Dubai�...Read More
(IDEX Online) - Trans Atlantic Gem Sales (TAGS) sold around $35m at its July rough tender in Dubai, as it reported "fragility" in the market.That's an increase on sales in June of $25m, which were up from $20m in April. TAGS said it presented around $50m of goods in a full range of sizes, and sold around 70 per cent."Overall, prices in sizes -3grs held up well, 3-6grs performed less well as d...Read More
"Most of the impact to production came from lower-grade ore and crushing circuit throughput," Copper Mountain's president and CEO Gil Clausen said.Read More
U.S. equity index futures were lower this morning. S&P 500 futures were down 15 points in pre-opening trade. Walmart plunged $7.70 to 124.32 after the company lowered fiscal second quarter and annual guidance. Other major retail stock prices also responded on the downside to the news. Whirlpool gained $3.35 to 168.00 after reporting higher than consensus second quarter results.Cadence Design S...Read More
In this week's episode, we take a closer look at Alcoa's Q2 earnings call, featuring Alcoa president and CEO Roy Harvey and CFO William F. (Bill) Oplinger, who discuss rising energy costs, the benefits of a strong U.S. dollar, challenges to smelter profitability and ongoing environmental initiatives to reduce greenhouse gas emissions.All this and more with host Adrian Pocobelli.Music Credits:"R...Read More
The equity in Aztec Minerals (TSXV: AZT; US-OTCQB) jumped as much as 41.5% on Tuesday after it announced a deal with private concern Kootenay Silver Inc. to acquire a 100% interest in the Cervantes porphyry copper-gold project in Sonora state of northwestern Mexico.Aztec has agreed to issue to Kootenay 10 million shares at 25 ? apiece in return for Kootenay's 35% interest in Cervantes. Kootenay wi...Read More
Frontier Lithium (TSXV: FL; US-OTC: LITOF) has released results for four drill holes completed at the Spark pegmatite, part of the company's PAK lithium property located north of Red Lake, Ont.The current drill program began in May 2022 and is still in progress. The initial drill holes were designed to quickly convert the inferred resource within the central portion of the Spark deposit to the ind...Read More
Wallbridge Mining (TSX: WM; OTC: WLBMF) has reported positive assay results from ongoing resource drilling at its flagship Fenelon gold project, further expanding the lateral footprint of the deposit beyond its initial 2021 resource estimate.Fenelon is located 80 km east of Agnico Eagle Mining's (TSX: AEM; NYSE: AEM) Detour Lake gold mine at the centre of Wallbridge's land package, which covers ro...Read More
Australia-based Greenland Minerals (ASX: GGG) said on Tuesday it will fight the Greenland government's draft decision to reject a mining permit for the company's Kvanefjeld rare earths project, based on a nationwide ban to uranium exploitation and exploration passed in November.The miner's vast Kvanefjeld project, one of the world's biggest, was granted preliminary approval in 2020. While focuse...Read More
Meet the 1979 Comuta-Car...This example was once used by a local film production company, Spicer Productions, and resides today in the Baltimore Museum of Industry. The Comuta-Car was an updated version of a very similar electric vehicle called the CitiCar, which was produced from 1974-77. Despite looking like a Star Trek shuttlecraft, the CitiCar (along with ancestors the Comuta-Car and Comuta-...Read More
At 170 carats, the gemstone is one of the largest rough diamonds ever recovered globally and is believed to be the largest pink diamond recovered in 300 years. The Lulu joint venture has now recovered 27 stones exceeding 100ct, with the Lulo Rose the fifth largest from the field. The largest ever diamond recovered in Angola was the 404ct 4th February Stone, also from the Lulo concessions...Read More
We spoke with David D'Onofrio, CEO of White Gold Corp. (TSX.V: WGO, OTCQX: WHGOF, FRA: 29W), a gold exploration Company, with a district-scale portfolio of 17,584 quartz claims across 30 properties, covering approximately 350,000 hectares, representing over 40% of the Yukon's emerging White Gold District. The Company's flagship, White Gold property, hosts the Company's Golden Saddle and Arc deposi...Read More
CNBC, Released on 7/27/22Jeffrey Gundlach, DoubleLine CEO, joins 'Closing Bell: Overtime' to discuss the market reaction to the Fed decision to hike 75 BPS.Jeffrey Gundlach is the Chief Executive Officer and Chief Investment Officer of DoubleLine Capital. He is recognized as an expert in bond and fixed income investments. His investment strategies have been featured in leading publications from ar...Read More
Rich Dad Radio Show, Released on 7/27/22Trends are examples of significant change at the macro or global level. Today's guest explains how "while the governments control their nations, the game is fixed, despite their manipulations, the end-game economic trends can be forecast." Gerald Celente, the Founder/Director of the Trends Research Institute and publisher of the weekly Trends Journal magazin...Read More
Reluctant Preppers, Released on 7/27/22We're seeing markets rolling over, but this is just the beginning, says Nick Barisheff, CEO Of BMG Group. "This is not going to be a dip. This is going to be a collapse." This crisis could devastate investors, he says, or it could be an opportunity of a lifetime for those who can see it coming and invest accordingly. He discusses a study he commissioned which...Read More
Financial Survival Network, Released on 7/25/22Markets are going crazy, and we're seeing a bit of a crash/pullback in commodities. Charles Nenner comes on the show to present how we can understand this phenomenon in terms of cycles. Charles has been known for using cycle analysis to predict future market moves, and in this episode, he explains some of the logic behind cycles in commodities, gold,...Read More