RAPAPORT... Lucapa Diamond Company has recovered a 117-carat, gem-quality diamond from its Lulo alluvial mine in Angola.The stone is the miner's 14th over 100 carats from Lulo to date, and its first in that size category this year, it said Thursday. Lucapa found the stone in mining block 19, located between its high-value mining block 6 and mining block 8 portions of the deposit. That area wa...Read More
RAPAPORT... The Canadian Jewellers Association (CJA) has appointed diamond-crime expert Kelly Ross managing director of loss prevention.Ross spent 23 years as an officer with the Royal Canadian Mounted Police (RCMP), specializing in crimes involving diamonds, gemstones and precious metals, the CJA said Monday. He was also the lead Canadian delegate to the Financial Action Task Force (FATF) ty...Read More
(IDEX Online) - A 117-carat diamond has been recovered Lulo alluvial mine in Angola. This is the 14th 100+ carat stone found at the mine.The diamond was among the specials (+10.8 carat diamonds) recovered from Mining Block 19. This area is located between the prolific Mining Blocks 6 and 8, which have produced 12 of the +100 carat diamonds found at the mine, including the country's biggest re...Read More
RAPAPORT... Belgium has introduced legislation requiring managers of diamond companies to prove their good conduct and knowledge of money-laundering laws.The rules, passed in November by royal decree, are intended to control access to the sector and came after the Financial Action Task Force (FATF) called for improvements.Firms wishing to trade diamonds or continue as an accredited diamond bu...Read More
RAPAPORT... Robbins Brothers has appointed Marc Friedant CEO, to succeed Andy Heyneman, who is stepping down after 14 years with the jeweler.The company has promoted Friedant from president and chief financial officer, positions he has held since July 2018, it said Tuesday. Previously, Friedant served as chief financial officer for Qualawash Holdings, Vogue International and Clement Pappas. He was...Read More
(IDEX Online) - The Women's Jewelry Association (WJA) has launched its "March is Me Month," encouraging women to buy jewelry for themselves. The campaign, which kicks off on March 1, coincides with this year's International Women's Day on March 8.As part of the campaign, WJA has developed a logo and several taglines, including a brand guide with appropriate colors for the campaign,...Read More
The World Federation of Diamond Bourses (WFDB) is mourning the passing of Sergey Oulin, who died on December 31, at the age of 69.WFDB president Ernie Blom has, on behalf of the organisation, expressed sadness at the loss of Oulin, who was the president of the Diamond Chamber of Russia and a former member of the WFDB executive committee.AdvertisementIn paying tribute to Oulin, Blom said he had &ld...Read More
The CIS export market for pig iron was largely quiet in the week to Thursday January 9, awaiting more clarity after the year-end holidays, particularly in the scrap sector.Fastmarkets' weekly price assessment for high-manganese pig iron, export, fob main port Black Sea, CIS, was $320-325 per tonne on January 9, unchanged week on week.Suppliers returned to the market with offers varying within the...Read More
Physical iron ore prices fell on Thursday January 9 following derivatives losses amid paused restocking from Chinese mills and a big increase in steel inventories.62% Fe fines, cfr Qingdao: $94.37 per tonne, down $1.85 per tonne.62% Fe Pilbara Blend fines, cfr Qingdao: $93.46 per tonne, down $1.85 per tonne.62% Fe low-alumina fines, cfr Qingdao: $95.22 per tonne, down $1.65 per tonne.58% Fe fines...Read More
The seaborne coking coal price fob DBCT rose again on Thursday January 9, although trading activity has waned from a day earlier. Fastmarkets indices Premium hard coking coal, fob DBCT: $148.30 per tonne, up $2.04 per tonne Premium hard coking coal, cfr Jingtang: $157.35 per tonne, unchanged Hard coking coal, fob DBCT: $122.33 per tonne, unchanged Hard coking coal, cfr Jingtang: $134.02 per tonne,...Read More
Revival takes staged approach to Beartrack-ArnettSPONSOREDSarama right in the middle of big exploration, corporate build-upSPONSOREDsarama resources Exore excels in Cote d'IvoireSPONSOREDexore resourcesArtemis all set thanks to unique approachSPONSOREDartemis resourcesThe experienced mining, energy and agricultural sector transaction advisor believes mining's M&A trend, which gained moment...Read More
China has granted allowances for 3,180 tonnes of ferrous scrap imports in the second round of import quotas issued by the China Solid Waste & Chemicals Management Center on Wednesday January 8. This represents a more than four-fold increase from the previous ferrous scrap quotas which totaled 610 tonnes issued in October 2019. The first round of import quotas for 2020, announced at the end of Dece...Read More
If you ask an executive at your local mill in the United States which way prices will go in 2020, they will probably tell you nowhere but up.That would not be incorrect. Between late October and the end of last year, US steel mills rolled out four price increases totaling at least $150 per ton ($7.50 per hundredweight). And prices have since risen steadily.Fastmarkets' daily steel hot-ro...Read More
RAPAPORT... Jewelry sales at Titan Company strengthened during the third fiscal quarter amid solid bridal demand, the Indian retailer said Saturday.Revenue grew 11% year on year for the three months ending December 31, which included the important Diwali season, according to a trading update. Consumer sentiment has been low recently because of an economic slowdown in India, leading to a decli...Read More
Overseas buyers have become more willing to pay for Chinese hot-rolled coil, although China's domestic market experienced some weakness on Thursday January 9.DomesticEastern China (Shanghai): 3,880-3,920 yuan ($559-564) per tonne, unchangedNorthern China (Tangshan): 3,620-3,630 yuan per tonne, widened downward by 10 yuan per tonneTransactions in Shanghai were largely concluded at 3,900-3,920 yuan...Read More
Export prices for Chinese rebar picked up slightly on Thursday January 9 on an appreciating yuan, while the domestic market was flat amid inactivity.Eastern China (Shanghai): 3,680-3,710 yuan ($530-534) per tonne, unchanged Northern China (Beijing): 3,540-3,570 yuan per tonne, unchangedRebar demand remained persistently weak, which continued to weigh on prices during the day.Traders did not lower...Read More
Chinese stainless steel prices maintained their downward trend over the past week amid sparse trading activity.Nickel futures on the London Metal Exchange and the Shanghai Futures Exchange picked up in the first couple of days this week after falling sharply, but they failed to push up spot prices for stainless steel due to soft demand, sources said.The three-month nickel contract on the LME ended...Read More
Trader and consumer restocking sent prices for cobalt metal higher on Wednesday January 8, with firmer Chinese equity markets, salts prices and raw material payables also underpinning sentiment. Fastmarkets assessed the price for cobalt standard grade, in-whs Rotterdam at $15.55-16.50 per lb on Wednesday, up 2.4% from Friday. The cobalt alloy-grade, in-whs Rotterdam price was marginally...Read More
Join Fastmarkets' web seminar on what could be in store for the minor metals markets now most stocks formerly held by the Fanya Metal Exchange in China have been sold off in auctions.The whereabouts of minor metal stocks held by the now defunct Fanya Metals Exchange has been a weight on the outlook of minor metals prices and contract negotiations since the exchange collapsed in 2015.Fastmarkets wi...Read More
A second auction for the 3,609.5 tonnes of indium once held by the defunct Fanya Metal Exchange has been scheduled for January 17, according to an official notice published via the Alibaba judicial online platform on Thursday January 9.The latest sale comes after a previous auction at the end of last year failed to attract any bids.Next week's auction will close at 10am Shanghai time on January 18...Read More