RAPAPORT... Pandora is set to unveil a total overhaul of its branding, as its aims to reengage with consumers following consistently disappointing sales.The Danish jewelry retailer will launch a new "company purpose, brand expression and visual identity," while introducing a revamped store design, online shops, and design collaborations with global franchises, it said last week. The company w...Read More

RAPAPORT... India's polished-diamond exports slid 13% in the first six monthsof the year, reaching their lowest level since a market slump in the secondhalf of 2015. The drop reflected a slowdown in the trading and manufacturingsectors, resulting from weak liquidity and profitability. Rough and polishedtrading also fell significantly in June, according to data from the Gem &Jewellery Export Pr...Read More

RAPAPORT... Jewelers of America (JA) has elected Holly Wesche, athird-generation jeweler, to head its board of directors. Wesche, who is the owner of Wesche Jewelers in Florida, willsucceed outgoing chair John Henne, the organization said last week. She waspreviously president of the Florida Jewelers Association, speaker for theJewelers Education Foundation, and vice chair of the Leading...Read More

RAPAPORT... Tango Mining plans to dispose of its South African coalbusiness to focus on its diamond operations, amid "continued operational success" at its Oena mine, the company said. Kevin Gallagher, a director of Tango, will purchase theminer's 74% interest in Kwena Group, which holds its three ongoing coal projects. Aspayment, Gallagher will return nearly 40 million shares of common stock...Read More

RAPAPORT... Retail sales of jewelry and other luxury items fell sharplyin Hong Kong in June amid increasingly cautious consumer sentiment and aslowdown in tourism. Revenue from jewelry, watches, clocks and other valuablegifts dropped 17% year on year to HKD 5.75 billion ($734.4 million), themunicipality's Census and Statistics Department reported last week. Sales inall retail categories slipp...Read More

The World Gold Council reported that central bank buying and healthy ETF inflows were the driving forces behind gold demand throughout the first half of 2019. Growth during the first half in jewelry demand was largely the product of a more positive environment for Indian consumers. Shifts in bar and coin investment were very much price-related: as the gold price powered its way to multi-year highs...Read More

The Fancy Color Research Foundation (FCRF) reported that for the second quarter of the year the Fancy Color Diamond Index (FCDI) indicated a decrease of 0.1 percent in overall prices of fancy color diamonds. Pink diamonds continued to rise, while prices of blues and yellows declined. Comparing this quarter to the corresponding quarter in 2018, Pink diamonds showed an upturn of 0.4 percent in for t...Read More

Sometimes, a vacationing tip pays off in a big way. Josh Lanik, a 36-year-old schoolteacher from Hebron, Nebraska, recently visited Crater of Diamonds State Park on a family vacation. After spending about two hours searching for diamonds on July 24, Lanik left with a brandy-colored gem weighing just over two carats. According to Lanik, he was searching near the southwest edge of the park's 37...Read More

Reuters reported that Zimbabwe will repeal its indigenisation and economic empowerment legislation dealing with ownership of foreign-controlled companies and replace it with a new empowerment law, Finance Minister Mthuli Ncube said on Thursday. In an address to the Zimbabwean parliament, Minister Ncube said foreign investors can now take majority stakes in the platinum and diamond sectors. It shou...Read More

Jewelers of America (JA), the USA's leading national jewelry trade association elected Holly Wesche, owner of Wesche Jewelers in Melbourne, FL, as Board Chair. She succeeds John Henne, of Henne Jewelers in Pittsburgh, PA. Wesche was elected on July 30, 2019 at Jewelers of America's Board meeting that also welcomed new Directors. "Holly Wesche has already made tremendous contributions to...Read More

Thickened tailings deposition for closureSPONSOREDsrk consultingNew mineral sands miner polishes its ImageSPONSOREDimage resourcesAustralian Vanadium targets growing energy-storage and steel marketsSPONSOREDaustralian vanadiumSaturn's high-grade discovery gives Apollo Hill a rocketSPONSOREDsaturn metalsOxfam's report, 'Buried Treasure', upon which the article is based, argues that Australia sh...Read More

SINGAPORE / ACCESSWIRE / August 1, 2019 / Singapore-based fintech GoldFinX has released details in a document for press analysis of its first potential deal, thus kick-starting a steady flow of what should be many more similar initiatives in the 2nd half of 2019.This report highlights its commitmentRead full newsRead More

On April 21st of this year, the government quietly made a move that will usher in a brand-new, multibillion-dollar industry.But it wasn't something that it actively did - like pass a new law or kill an old regulation. It was actually something it didn't do...The U.S. government neglected to renew a patent that had been on the books for 16 years. It was - at the time - a rather forgettable ripple i...Read More

The three-month copper price on the London Metal Exchange continued its downtrend over Monday August 5, closing below the nearby $5,700-per-tonne support level to reach its lowest settlement since June 2017, while nickel futures near $15,000 per tonne. Nickel continued to trade down over the day, closing at $5,685 per tonne after slipping to an intraday low of $5,640 per tonne this morning and fai...Read More

Palladium futures dropped by more than 7% on Thursday to log their largest one-day loss in over four months and leading broad declines in the New York metals market. The steep losses for the metal came as the U.S. dollar DXY, -0.23% touched a two-year high in the wake of the Federal Reserve monetary policy decision Wednesday. The U.S. central bank delivered a widely-expected quarter-point interes...Read More

Tin's three-month price on the London Metal Exchange declined during morning trading on Monday August 5, maintaining its downward price action while nickel futures traded higher.Reaching an intra-morning low of $16,800 per tonne from a high of $17,025 per tonne, tin's futures price is down by some 1.3% on the day with just over 60 lots traded as of 9:05am London time. Selling pressure began t...Read More

Here Are 3 Hot Things to Know About Stocks Right Now The Dow Jones Industrial Average finished down more than 700 points, or nearly 3%, Monday in its worst day of the year as China hit back at President Donald Trump's move to accelerate tariffs on China-made goods by allowing the yuan to slip to the lowest levels against the dollar in more than a decade.  Tyson Foods (TSN) share...Read More

Sentiment in financial markets continues to weaken following last week's collapse of US-China trade talks and US president Donald Trump's latest threat of tariffs on Chinese goods.Equities in Asia tumbled this morning, Monday August 5, and the yuan has dropped below seven to the dollar - the first time since 2008. Weakness in Asian currencies suggests wide-scale market unease. Gold price reaches a...Read More

Beijing allowed the yuan to tumble to its weakest level in a decade against the US dollar and asked state-owned companies to suspend imports of US agricultural products, Bloomberg reported, following US president Donald Trump's surprise threat late last week of further tariffs.Trump's move saw commodity prices slump on the London Metal Exchange, with economic bellwether copper closing down 2.9%.Fr...Read More

The following is an email sent to me this morning by my friend since 1980 Ray Langevin of Ste-Foy, Quebec. Ray is chastising me for suggesting that we may need corrections. He has hurt my feelings with his admonishment not because he may be totally correct but because he writes in English better than I can.KC, you see what may happen when you call me to tell me that the gold market has gone up too...Read More