(IDEX Online) - Swiss jeweler De Grisogono has filed for bankruptcy, putting 65 jobs at risk. The Swiss luxury jeweler is caught up in an alleged money-laundering scandal involving Angola's richest woman, Isabel dos Santos, and her husband, Sindika Dokolo.Dos Santos is the daughter of Angola's former president, Jos?? (C) Eduardo dos Santos, who ruled Angola for 38 years until 2017. She i...Read More
RAPAPORT... Sales of jewelry and watches at LVMH increased 7% in 2019 amid a strong year for Bulgari.Revenue from the categories rose to EUR 4.41 billion ($4.85 billion), driven by Bulgari's Fiorever collection, which contributed significantly to growth following its launch at the end of 2018, LVMH said Tuesday. The brand's Serpenti Seduttori watch line was well received, while Chaumet and Hu...Read More
(IDEX Online) - The Plumb Club has appointed Michael O'Connor as marketing director. O'Connor, an industry veteran with over 35 years' experience in the industry, will be in charge of the organization's strategic marketing plan and initiatives.He has held positions as director of corporate marketing for Frederick Goldman, Inc., as well as senior vice-president for Platinum Guil...Read More
Seaborne coking coal prices were unchanged on Thursday January 30, despite Australian miner Anglo American confirming a 'geotechnical issue at Moranbah North [mine in Queensland, Australia] during development works, which resulted in a roof fall incident.'Fastmarkets' indicesPremium hard coking coal, fob DBCT: $152.29 per tonne, unchangedPremium hard coking coal, cfr Jingtang: $162.73 per tonne, u...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.Oil demand growth has been weak in 2019, with the OPEC+ group surprisingly extending their cuts by a further 500 kbd through to end of Q1 in 2020. In spite of that, fears of sustained weak demand growth have restricted Brent to mid US...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.India's renewables target of 175 GW capacity (100 GW of solar and 75 GW of wind) by 2022 is an ambitious endeavour. Even with significant cost declines, Wood Mackenzie expects about 76% of the target to be met by 2022 and this would s...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
Seaborne iron ore prices were down on Thursday January 30 while market participants further lowered estimates of physical transaction prices amid talk of steel production cuts in China and resulting concerns over the impact on mills' raw material procurement. Fastmarkets iron ore indices62% Fe fines, cfr Qingdao: $84.94 per tonne, down $1.90 per tonne62% Fe low-alumina fines, cfr Qingdao: $86.55 p...Read More
(IDEX Online) - Lucapa Diamond Company Limited has signed an agreement with Safdico International, a subsidiary of Graff International, to cut and polish a portion of rough diamonds from the Lulo alluvial mine. Safdico can purchase up to 60 percent of production from Sociedade Mineira Do Lulo (SML), which Lucapa operates and in which it holds a 40-percent share.Under the terms of the agreemen...Read More
RAPAPORT... The Sixth Mediterranean Gemmological & Jewellery Conference will feature a roundtable debate on marketing lab-grown diamonds.The conference will take place from May 15 to 17 in Thessaloniki, Greece.Michael Schlamindger of Swarovski and Mark Cullinan of Cullinan Diamonds will be among the panelists at the discussion, which asks how synthetic diamonds and gems should be marketed...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
John Meyer, Sergey Raevskiy and Simon Beardsmore of SP Angel clinched the top spot on the base metals leaderboard for the Apex fourth-quarter 2019 predictions, with an accuracy rating of 99.29%, while Rhona O'Connell of INTL FC Stone came top for precious metals with a rating of 99.26%.For steel raw materials, ABN Amro's Casper Burgering topped the leaderboard with a 97.44% accuracy score.Click on...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.Comstock Resources today tightened its grip on the Haynesville basin with a US$2.2 billion cash-and-stock deal to buy privately-held Covey Park.Robert Clarke, director, US Lower 48, at global natural resources consultancy Wood Mackenz...Read More
Artemis all set thanks to unique approachSPONSOREDartemis resourcesOverall copper production is forecast to grow 20.5% through 2030 to 7.04 million tonnes a year, peaking in 2027 at 7.33Mt based on the portfolio of projects Cochilco maintains, while production from existing mines is forecast to fall 30% over the period to account for 4.08Mt in 2030. Lower grade, deposit exhaustion are the main rea...Read More
Artemis all set thanks to unique approachSPONSOREDartemis resourcesTotal copper production for the December quarter amounted to 80,900t, up 4% year on year but down 2.4% quarter on quarter, taking full year output to 311,400t - 4% ahead of guidance. KAZ said the slight quarter on quarter drop was "due to seasonal impact on oxide volumes and lower grades" at Aktogay, while higher grades were offset...Read More
Artemis all set thanks to unique approachSPONSOREDartemis resourcesIn a November 2018 report, RFC Ambrian declared the cupboard was bare for copper M&A, despite most copper miners having the financial capacity to deal and a desire to restock portfolios.Read More
Artemis all set thanks to unique approachSPONSOREDartemis resourcesMarket indices, diversified mining equities and commodity prices sank at the start of this week amid concerns about the impact of the virus which originated in China, with the country accounting for about half of global demand for mined commodities. Artemis all set thanks to unique approachSPONSOREDartemis resourcesRBC's Tyler...Read More
A mixture of fears over supply disruptions amid the Wuhan coronavirus outbreak and low stocks in Rotterdam are giving European traders enough leverage to increase their offers substantially, which has already an effect on prices.Fastmarkets' manganese 99.7% electrolytic manganese flake, in-whs Rotterdam price assessment rose to $1,725-1,800 per tonne on January 29, up by 3.7% from $1,680- 1,720 pe...Read More
U.S. equity index futures were lower this morning. S&P 500 futures were down 21 points in pre-opening trade. Index futures were virtually unchanged following release of economic reports at 8:30 AM EST. Consensus for first estimate of fourth quarter was growth at a 2.1% annual rate, unchanged from the third quarter. Actual was 2.1%. Consensus for Weekly Jobless Claims was 215,000 versus upwardl...Read More
In a January research note on battery raw materials, consultants Wood Mackenzie outlined the main themes to look for in 2020: The following is an edited version of the article. For more information visit www.woodmac.com.1. Key EV markets to start growing againIn 2019, the world's largest electric vehicle (EV) market contracted. According to the Chinese Automotive Manufacturers Association, NEV sal...Read More