(IDEX Online) - EyeOnJewels has launched a local online marketplace for jewelry in the US that is standardizing the shopping process. The new service enables consumers to find fine jewelry and watch products from local vetted and certified jewelers without having to search them individually. Using EyeOnJewels, shoppers can add items from different retailers to their cart and pay for them in o...Read More
RAPAPORT... Alrosa's sales increased 11% year on year to $363.8 million in December as demand in the manufacturing sector continued to rebound, the Russian miner said Monday."In December, we observed signs of stabilizing diamond demand that had emerged earlier in the second half of the year amid the gradual restoration of market balance," said Alrosa deputy CEO Evgeny Agureev. The month...Read More
(IDEX Online) - The International Gemological Institute (IGI) has opened a new center in Shanghai. The new office includes classrooms and a lab is located in the Fosun building in the Bund Financial Center. IGI said the center will offer enhanced educational and grading services as well as gemological information. "IGI's Shanghai base will promote mutual understanding between IGI and the...Read More
(IDEX Online) - The Carnegie Institution of Washington is alleging that its patents for growing diamonds are being infringed by some well-known lab-grown makers. The institute has filed lawsuits in New York against six companies, including Pure Grown Diamonds Inc. and IIa Technologies PTE Ltd., reports Bloomberg.The disputes have arisen over the use of Carnegie's chemical vapor deposition (CV...Read More
De Beers Group’s diamond brand, Forevermark, unveiled the first boutique in its Next Generation Retail Concept, located within jewellery department store Caibai, in Beijing, China.The newly renovated 100 m2 boutique breaks away from the traditional across-the-counter service, inviting consumers to discover the world of Forevermark through an immersive, interactive and informative experience,...Read More
Turkish steel producers continued to hold back from the deep-sea scrap markets on the second day of the working week because of the soft rebar market and firm scrap prices, sources said on Tuesday January 14.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 per tonne...Read More
Seaborne iron ore prices strengthened further on Tuesday January 14 amid continued appreciation of the yuan against the dollar and lower shipments from Australia and Brazil. 62% Fe fines, cfr Qingdao: $97.03 per tonne, up $1.10 per tonne. 62% Fe Pilbara Blend fines, cfr Qingdao: $96.07 per tonne, up $1.10 per tonne. 62% Fe low-alumina fines, cfr Qingdao: $97.53 per tonne, up $1.33 per tonne. 58% F...Read More
Seaborne coking coal prices were stable on Tuesday January 14 while trading activity took a breather.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 tonne, unchanged ...Read More
Indian steel producer Jindal Steel and Power (JSPL) has reopened a major direct reduced iron (DRI) plant to boost its steel output by a further 1.5 million tonnes in the period from April 2020 to March 2021, the firm said on Tuesday January 14. JSPL bucked the general trend of output cuts among India's steel producers in late 2019, the company said in its quarterly results on January 2. Bumper sal...Read More
Artemis all set thanks to unique approachSPONSOREDartemis resourcesChina's unwrought copper imports rose 9.1% in December from the previous month to their highest since March 2016, customs data showed on Tuesday, Reuters reported, with improving industrial activity and dwindling scrap metal supply lifting demand.Imports of copper concentrate came in at 1.928 million tonnes, down 10.6% from Novembe...Read More
Artemis all set thanks to unique approachSPONSOREDartemis resourcesLast year, BHP posted its highest profit in five years and declared its biggest ever dividend payment.Read More
Artemis all set thanks to unique approachSPONSOREDartemis resourcesThe Vancouver-headquartered company said Monday the 2019 production figure came in at the lower end of its annual guidance at 87.2 million pounds of copper-equivalent (Cu-eq), and it expected 2020 output to rise by a third to between 100-113Mlb of Cu-eq.Management expects another production increase in 2021 to 102-115Mlb Cu-eq and...Read More
The three-month nickel price on the London Metal Exchange tumbled 3% during morning trading on Tuesday January 14 after a sell-off of just under $600 brought the price below the $14,000 per tonne psychological support level. The outright nickel price on the LME was recently at $13,720 per tonne, while trading volumes were high over the morning at more than 3,500 lots exchanged as of 9:15am London...Read More
China's hot-rolled coil exporters raised their offers on Tuesday January 14 on a weakening dollar, but thin trading kept domestic prices flat.DomesticEastern China (Shanghai): 3,880-3,890 yuan ($562-564) per tonne, unchangedNorthern China (Tangshan): 3,600 yuan per tonne, unchangedA Shanghai-based trader said there was barely any movement in the market with trading activity thinning due to downstr...Read More
De-risking Base metal prices have experienced some sharp rebounds after the risk-off episode sparked by the deadly US airstrike on a top Iranian commander on January 3. The focus now is on the signing of the ‘phase 1’ US-China trade deal this week, which could further de-risk the outlook. Aluminium: High enough for now Aluminium prices have been working steadily higher since their Octobe...Read More
Base metals prices on the Shanghai Futures Exchange were mostly down at the close of morning trading on Tuesday January 14, with the downtrend led by nickel, which is reversing the strength seen on Monday.The most-traded March nickel contract closed Tuesday's morning trading session at 110,250 yuan ($15,981) per tonne, down by 2,960 yuan per tonne - or 2.6% - from Monday's close of 113,210 yuan pe...Read More
Return of positive risk sentiment Events over the past two months have generally been supportive of risk sentiment while trade tensions between the US and China continue to ease. With the phase one trade deal set to be signed on January 15, both countries have also agreed to restart semi-annual talks aimed at resolving economic disputes, a process which was previously abandoned at the start of the...Read More
Silicon and bulk alloys producer Ferroglobe has appointed Marco Levi as its chief executive officer, replacing Pedro Larrea, who leaves the company to seek new professional challenges, according to a company statement on Monday January 13. The new chief executive will be in charge of designing a new strategy that will lead the ferro-alloys maker, which has recently moved its headquarters to Madrid...Read More
Aluminium The LME three-month aluminium price managed to find support at the 20 DMA ($1,801 per tonne) as well as the December 2019 low UTL on Friday January 10. Also, it was well-bid into the close of trading that same day, settling above the psychological price level of $1,800 per tonne and trading either side of it early this week. The rising 20 DMA remains an all-important short-term dire...Read More
Sharp price recovery has further to run... The LME copper price has rebounded sharply since it hit an intraday low of $6,089 per tonne on January 3, as the risk-off response to the escalation of US-Iran geopolitical tensions proved short-lived. However, its quarter-to-date average dropped to $6,175 per tonne last week, compared with $6,185 per tonne in the prior week, around $225 per tonne or 3.5%...Read More