RAPAPORT... Graff has appointed Marc Hruschka CEO of its US operations as part of its efforts to reach new customers and grow its business."We aim to become more dynamic, broadening our product offering to include everyday diamonds and prioritizing client relationships," Hruschka said Monday.Hruschka has more than 25 years of experience in the luxury industry, most prominently as CEO of Chopa...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.Join us for an exclusive Forum, co-chaired by SVP and Global Head of Metals and Mining, Linda Cardillo Doku and SVP and Vice Chairman of Metals and Mining, Julian Kettle – this event brings together Wood Mackenzie’s top su...Read More
European producers of heavy steel plate have increased their offer prices despite limited trading activity, sources told Fastmarkets on Wednesday January 15.Plate prices in Europe, particularly in the south where the majority of plate producers are re-rollers, have been driven upward by higher slab costs.Fastmarkets' weekly price assessment for steel domestic plate, 8-40mm, exw Southern Europe, wa...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.So this is Christmas, as John Lennon sang: another year over, and a new one just begun. It is the time of year for taking stock and looking to the future, and in that spirit, I have collected a selection of predictions for 2020 from 1...Read More
RAPAPORT... India's polished-diamond exports dropped 16% to $20.62billion in 2019, recording their steepest annual decline since 2012. The decreasereflected a slump in imports volumes and a more moderate decline in the averageprice. Rough imports fell 17% as weakness in the manufacturing sector led to aslowdown in rough buying. India Trade Data for December 2019Read More
German steelmaker Salzgitter has downgraded its full 2019 earnings forecast, the company announced this week.The forecast was corrected due to "non-recurring writedowns" amounting almost ?,?200 million, Salzgitter said on Tuesday January 14.Salzgitter now expects its pre-tax loss for 2019 will be ?,?250-280 million ($278-312 million), having previously expected a pre-tax loss i...Read More
(IDEX Online) - The DMCC has opened a new state-of-the-art luxury vault and safe deposit facility in the Almas Towers in Dubai. This is the second jewelry vault in the Almas Tower, which is the base of many for many of the emirate's jewelry traders.818 Vault is equipped with a secure dual control locking mechanism. Each safety deposit locker has two 10-lever locks that are accessed with two u...Read More
China's hot-rolled coil exporters kept their offers high on Wednesday January 15 although the domestic market weakened, with most of them having secured sufficient numbers of orders amid a strengthening yuan.DomesticEastern China (Shanghai): 3,860-3,890 yuan ($559-564) per tonne, widening downward by 20 yuan per tonneNorthern China (Tangshan): 3,590 yuan per tonne, down 10 yuan per tonnePrices in...Read More
PERTH (miningweekly.com) – Diamond miner Lucapa’s polishing strategy has achieved its first diamonds from a cutting and polishing partnership.The ASX-listed company on Tuesday reported that a 36 ct rough diamond recovered from the Mothae mine, in Lesotho, was manufactured into six polished D-colour diamonds under a partnership with an international diamantaire.AdvertisementThe two larg...Read More
(IDEX Online) - The Jewelers' Security Alliance (JSA) awarded its 15th Annual Industry Service Award to Christina (Chris) Hackler, vice president of Asset Protection- Global for SignetJewelers at its annual luncheon. This marks the first time the award has been presented to a woman."Chris has been a close partner of JSA for many years, and has served on JSA's Board of Directors sin...Read More
(IDEX Online) - I. Hennig has launched an online rough trading platform called Virtual Broker (VB). The platform allows buyers and sellers to negotiate directly. Goods on offer on the platform can be viewed at the Hennig Tenders offices in Antwerp With the new system, buyers and suppliers - who remain anonymous - can close deals without having to wait for a sale to end. This, says I. Hennig,...Read More
(IDEX Online) - GIA (Gemological Institute of America) is hoping to capture consumers' attention with two video ads about its Diamond Origin Report and the 4Cs. The ads are set to run in New York City's Times Square until February 15.The ads went up during the 2019 holiday season and are located on the 56-by-29-foot wrap-around video billboard at 1500 Broadway on the north-east corner at...Read More
The stainless steel scrap market in the United States has continued to show cautious optimism, with prices inching upward amid an easing in material flows. "The stainless train keeps rolling in the right direction," one dealer source said. "It certainly feels like there is some momentum building, but given our experience with stainless steel scrap in 2019, we are being cautious with raising our pr...Read More
Turkish steel producers continued to hold back from the deep-sea scrap markets in an attempt to push down prices while they struggled with weak demand and values for finished rebar, sources said on Wednesday January 15.The country's steel producers went through last week with only one deep-sea cargo bought, when a steel mill in the Marmara region booked a European cargo at an average price of $300...Read More
Cardinal heading down familiar gold roadSPONSOREDcardinal resourcesResolute is selling the project for A$50 million cash, a $50 million promissory note, and further payments potentially totaling another $200 million contingent on future gold prices and productionRead More
Seaborne coking coal prices were steady on Wednesday January 15, with market participants staying on the sidelines.Fastmarkets indicesPremium hard coking coal, fob DBCT: $155.26 per tonne, unchangedPremium hard coking coal, cfr Jingtang: $160.87 per tonne, unchangedHard coking coal, fob DBCT: $125.01 per tonne, unchangedHard coking coal, cfr Jingtang: $135.76 per...Read More
The seaborne iron ore index was rangebound on Wednesday January 15 amid tepid demand from steelmakers in China.Fastmarkets iron ore indices62% Fe fines, cfr Qingdao: $96.44 per tonne, down $0.59 per tonne.62% Fe Pilbara Blend fines, cfr Qingdao: $95.48 per tonne, down $0.59 per tonne.62% Fe low-alumina fines, cfr Qingdao: $97.11 per tonne, down $0.42 per tonne.58% Fe fines high-premium, cfr Qingda...Read More
The Chinese steelmaking industry will focus on six key areas in 2020 to maintain its structured and orderly development, China Iron & Steel Association (Cisa) chairman Gao Xiangming said in a speech at a conference last weekend.These are meant to round out the final year of China's 13th Five-Year Plan and contribute to the stable growth and reform of the Chinese economy.1. Maintain stable, efficie...Read More
U.S. equity index futures were lower this morning. S&P 500 futures were down 2 points in pre-opening trade. Index futures were virtually unchanged following release of economic news at 8:30 AM EST. Consensus for the January Empire State Manufacturing Survey is unchanged from December at 3.5. Actual was 4.8. Consensus for the December Producer Price Index was an increase of 0.2% versus no chang...Read More
The three-month lead price on the London Metal Exchange climbed by 1% during morning trading on Wednesday January 15, building on gains made earlier in the week, while stock volatility failed to influence the aluminium price. Lead's outright price on the LME was recently seen at $1,970 per tonne, while trading volumes were high over the morning at more than 1,500 lots exchanged as of 9:15am London...Read More