RAPAPORT... The diamond industry has a complicated relationship with fluorescence.Historically, both the trade and consumers saw value in a diamond that fluoresced under ultraviolet light. The perception was that it added to the color of the diamond while also providing various niche marketing opportunities. Take the '80s disco era, when neon was in and a glow-in-the-dark diamond might have been c...Read More
RAPAPORT... Burglars stole jewelry, diamonds andgemstones valued at more than $1 billion from the historic Green Vault museum in Germany on Monday morning, according to media reports. The thieves gained access to the Dresden museum by twistingback iron grill bars on a ground-floor window, after a nearby fire at a powerdistributor likely disabled the museum's alarm system, German news outlets said....Read More
European steel association Eurofer is preparing to lodge a complaint with the European Commission (EC) regarding alleged dumping of hot-rolled coil originating from Turkey, market sources told Fastmarkets on Tuesday November 26.The complaint is likely to be in the final stages of preparation and is expected to be sent to the EC in the first quarter of 2020, according to market participants.The EC...Read More
RAPAPORT... Hong Kong-based jeweler Tse Sui Luen (TSL) raised concerns about theimpact of the Hong Kong protests on its business, as weak consumer sentimentdented sales. "The weak local consumer sentiment as a result of citywideprotests has made it challenging for retailers to operate," the company saidlast week. "The situation was exacerbated by the significant drop in visitorarrivals, parti...Read More
Import prices for steel slab in Southeast Asia and East Asia were stable over the past week due to poor demand despite rebounding prices for downstream flat steel products."Demand remains lackluster because the price spread between slab and hot-rolled coil is not wide enough for re-rollers to accept," a trader in Taiwan said.Restocking activity in Southeast Asia's main HRC import market in...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
(IDEX Online) - The Gem & Jewellery Skill Council of India has announced that it will be hosting the first Indian Jewellery Excellence Symposium in Mumbai. The two-day meeting will include sessions on different on management, skill and technical subjects. Scheduled sessions include the future in designing using CAD, blockchain technology and upskilling bench skills to reach global standar...Read More
RAPAPORT... Stargems sold nearly $50 million worth of rough diamonds ata tender in Dubai this month. A total of 577,000 carats of high-quality rough from acrossAfrica went on sale at the Dubai Diamond Exchange's Almas Towers, withmore than 500,000 of those originating from the Sacim mine in the DemocraticRepublic of Congo. More than 200 international buyers attended the sale,one of the larges...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
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.Perhaps a false sense of security had crept in. Plentiful oil supply, carefully stewarded in 2019 by OPEC+ to get the market closer to balance, and moderate prices. Rising geopolitical tension,even around Iran, seemed a nebulous...Read More
(IDEX Online) - Thieves have stolen three diamond jewelry sets from the Dresden Green Vault. Each set consists of 37 parts each, leading to fears the thieves may try to break them up. Officials are still trying to establish how much was taken in the robbery.According to press reports, there is speculation that the thieves gained entry to the museum after disabling the alarm system by setting fire...Read More
CIS export billet prices continued to rise on Monday November 25 after several fresh bookings from last week came to light. However, some market participants said that buying activity had begun to slow since Wednesday because customers had booked significant volumes earlier in the week.Fastmarkets' daily steel billet index, export, fob Black Sea, CIS, was $384 per tonne on November...Read More
The global diamond industry will require a new narrative and a rebranding to secure its future, a new report has warned.The Dubai Multi Commodities Centre (DMCC) states in its ‘Diamonds Changing Forever’ report that the global industry is at a “major inflection point”.AdvertisementPrices are steadily decreasing, profitability is in decline and access to finance is restricte...Read More
China's hot-rolled coil prices slid on Tuesday November 26, with buyers not in a rush to restock amid rising supply.DomesticEastern China (Shanghai): 3,700-3,720 yuan ($526-529) per tonne, down 10-20 yuan per tonneNorthern China (Tangshan): 3,640-3,660 yuan per tonne, down 10-30 yuan per tonneA Shanghai-based trader said trading overall thinned on Tuesday, with losses in the futures mark...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.The time is right for the mining industry to invest in new projects. The fundamentals are clear: we forecast supply gaps across a number of key commodities by 2028.Investors are understandably concerned that the mining industry will r...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.Shockwaves from Tsingshan's new stainless steel hub in Indonesia are reverberating across South East Asia and beyond, according to Wood Mackenzie.“Competitively priced exports of Indonesian stainless product have provoked varyin...Read More
RAPAPORT... Gem Diamonds has recovered two diamonds weighing more than100 carats from its Let??eng mine in Lesotho. The miner found a 120-carat, high-quality, white, type IIa diamond onNovember 20, and a 125-carat, low-quality stone on November 19, it said. The stones are the ninth and 10th of that magnitude for the company so farthis year. It recovered five high-quality white stones and thre...Read More
Diversified miner Anglo American has become a member of ResponsibleSteel, a nonprofit organisation and the steel industry's first global, multi-stakeholder standard and certification programme.ResponsibleSteel covers the entire steel supply chain, from raw material supply through steel processing to use, reuse and recycling.AdvertisementIt provides a forum to build trust and achieve consensus...Read More
Turkish steel mills remained quiet in the deep-sea scrap markets on Tuesday November 26 with prices unchanged, according to market sources.Mills booked four deep-sea cargoes last week at steady prices. The bookings from the Baltic Sea region sold at $260 per tonne and $261 per tonne cfr for HMS 1&2 (80:20) throughout the week ended Friday November 22.Mills are still expected to book a few more...Read More
Seaborne iron ore prices fell back below $90 per tonne cfr China on Tuesday November 26 after reclaiming the mark a day earlier, amid losses in steel markets.Fastmarkets iron ore indices62% Fe fines, cfr Qingdao: $89.30 per tonne, down $1.62 per tonne.62% Fe Pilbara Blend fines, cfr Qingdao: $89.33 per tonne, down $1.62 per tonne.62% Fe low-alumina fines, cfr Qingdao: $88.71 per ton...Read More