RAPAPORT... Alrosa has unearthed a rough stone weighing 232.4 caratsat the Udachnaya pipe, its largest in more than three years. "Such large, gem-quality crystals are extremely rare,"Evgeny Agureev, deputy CEO of Alrosa, said last week. "Of course, they arepresent at Alrosa's deposits, but we have not seen them since 2016, when twodiamonds weighing over 200 carats were mined." The octahedron...Read More
RAPAPORT... LVMH Mo?<
RAPAPORT... Kering, the owner of high-fashion houses Gucci and YvesSaint Laurent, reported robust sales in its jewelry and watch divisions in thethird quarter amid growth in China and the introduction of new collections. "Jewelry delivered solid growth, with a very good quarter atBoucheron and strong performances from Pomellato and DoDo, while Qeelin pursuedits successful expansion in mainlan...Read More
(IDEX Online) - Reports are rife that LVMH has approached Tiffany & Co about a possible takeover of the U.S. jeweler.According to Reuters, LVMH, which is the world's largest luxury group by sales, submitted a preliminary, non-binding offer to Tiffany earlier this month. Tiffany has reportedly not yet responded to the offer.The merger would give the French company a way to expand into the...Read More
(IDEX Online) - Sales of fine jewelry and fine watches increased by 2 percent in the U.S. market in August compared to the same month a year ago, as the graph below illustrates. This is the second successive month that sales have increased since the start of the year. While the increases are small, they are sure to come as something of a relief for retailers as they head into the holiday season.&n...Read More
(IDEX Online) - A 50-carat diamond worth $1.84 was stolen from a display at the International Jewellery Tokyo AUTUMN on Thursday. According to reports, the diamond was last seen in a glass showcase at 5pm. An hour later, just after the show closed, the diamond had vanished and the case left unlocked. The stone was displayed by a company from Saitama, north of Tokyo, and was the only item...Read More
(IDEX Online) - Russian diamond miner Alrosa has announced the discovery of a rough diamond weighing over 230-carats at the Udacnhaya kimberlite pipe. The rare specimen is the largest gem-quality diamond found by Alrosa in the past three years. The 232.4-carat octahedron has a yellowish hue and several chips. Its dimensions are 40?'...39?'...23 mm.In the first nine months of the y...Read More
Oriole's deepening footprint in West Africa is paying offSPONSOREDoriole resourcesPoster South Africa mine regeneration on trackSPONSOREDorion mineralsSilver Mines times Bowdens to perfectionSPONSOREDsilver mines limitedAfrica's rising resource nationalism ups stakes for minersSPONSOREDverisk maplecroftVale's net profit rose to US$1.654 billion or 32c per share from $1.408 billion or 27c i...Read More
Here are five Fastmarkets MB stories you might have missed on Friday October 25 that are worth another look.The London Metal Exchange has set out its requirements for responsible sourcing, outlining three routes to compliance, it said on Friday October 25. The requirements will be underpinned by the Organization for Economic Cooperation and Development's due diligence guidance.A group of metals an...Read More
Activity at Vale's On??a Puma nickel unit in the Brazilian northern state of Par?? will ramp up throughout November following a favorable judicial ruling allowing it to reopen, the company's chief of base metals operations, Mark Travers, said.The smelter at the site has been running as normal using stocked nickel ore, Travers added in a conference call on Friday October 25 to discuss the company's...Read More
Kirkland Lake, Ontario - (October 23, 2019) - RJK Explorations Ltd. (“RJK” or the “Company“) (TSXV: RJX.A) is pleased to announce that, further to its press release dated September 6, 2018, the Company has entered into an amending agreement dated September 22, 2019 with the optionor (the "Amendment Agreement") amending the original option agreement between the Company and...Read More
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