RAPAPORT... Long before the threat of tariffs on Chinese goods loomed large,brick-and-mortar retailers in the US were facing challenges. So far this year,US retailers have announced plans to shut down over 7,000 stores after almost6,000 closed in 2018, according to research and advisory firm CoresightResearch, which estimates that the total could climb as high as 12,000 by theend of the year.With...Read More

RAPAPORT...The stability of the diamond industry is largely in thehands of 122 manufacturers and dealers that buy rough on a contractual basis. Many of the sector's current problems have resulted from too much rough entering the market in the past two to three years. Most of that supply is provided through the long-term sales programs that De Beers, Alrosa,Dominion Diamond Mines and Rio Tinto...Read More

RAPAPORT... Sales and profit at Kingold Jewelry decreased in the secondquarter as the China-based gold supplier noted a decline in demand for itsbranded jewelry. Total revenue dropped 12% year on year to $598 million inthe three months ending June 30, the manufacturer and designer of jewelry,ornaments and investment products said last week. Profit fell 7% to $12.6million. The decrease in sal...Read More

RAPAPORT... Lucara Diamond Corp.'s profit fell in the second quarteramid an increase in the production of smaller stones from its Karowe mine,which yielded a lower average price. Profit declined to $700,000 in the three months ending June30, compared with $19.7 million during the same period the year before. Revenuefrom the Botswana deposit dropped 34% year on year to $42.5 million, even assa...Read More

RAPAPORT... Alrosa's July sales slumped to their lowest point in three years, as weakness in the rough market continued to impact demand.   The Russian miner's total sales slid 50% to $170.5 millionfor the month, it reported Friday. Rough-diamond sales, which account for thebulk of the company's revenue, dropped 51% to $164.6 million. Polished salesincreased 11% to $5.9 million. Pre...Read More

The online edition of the Windhoek Observer reported that the review panel of the Central Procurement Board (CPB) has rejected an appeal that was filed by Prestige Diamond and Global Diamond Valuators Namibia, with regard to the awarding of the diamond valuation tender to Gem Diamonds Namibia. The panel decided in past July that there was no legal merit to the filed appeal. "Alternatively, the Rev...Read More

The Alrosa Group, the world's larhets diamond miner in volume, shared its diamond sales data for past July and the first seven months of 2019. Alrosa's sales for July 2019 stood at $170.5 million. Rough diamond sales came to $164.6 million, while polished diamond sales reached the $5.9 million mark. In the first seven months of the year, Alrosa sold $1,981 billion: $1,948.7 billion of ro...Read More

Sometimes life's important lessons are learned doing the most menial tasks. Editor's Note: This editorial ran several years ago, but is worth repeating. I no longer own the ISG as it is now the IIJA, a 501(c)3 non-profit entity since I donated the school to serve the industry. And I certainly don't make a six-figure income anymore, but that is my choice also. However, the story belo...Read More

"De Zeen" website reports on a Louis Vuitton exhibition that showcases its collaborations with leading artists over the past 160 years, complete with custom bags and a tropical pop-up shop. The Louis Vuitton X exhibition can be seen at  468 North Rodeo Drive building in Beverly Hills, Los Angeles. It has 180 items from the French fashion house's archive on display. The items are displaye...Read More

The closure of the world's biggest diamond mine ???,?" Argyle, in the Kimberly region of northern Australia - has drawn the attention of the international business press. In July, Bloomberg's diamond specialist Thomas Biesheuvel and his colleague David Stringer wrote an extensive piece about it.  Argyle, "famed more for the fistful of coveted pink and red gems it yields each year th...Read More

PALM BEACH, Florida, Aug. 8, 2019 /PRNewswire/ -- There are many reasons why the price of gold fluctuates, but one of the current reasons is the intensifying...Read full newsRead More

BRIEF-Avesoro Resources Says Security Breach At Youga Gold Mine:BRIEF-Avesoro Resources Says Security Breach At Youga Gold MineRead full newsRead More

After a major trend change, it can be difficult for the majority of investors and market watchers to shift and adjust accordingly to the new trend.It's no different in the current case of precious metals which, other than a huge rally in the first half of 2016 have been dead money for the majority of the current decade. Despite the newfound bullish fundamentals and bullish technical action, plenty...Read More

The gold bull market we've long told you would come and prepared you for is here, with prices hitting $1,500 per ounce today. That's a nice, round number that gets people's attention. There will be more gold experts soon, as happens with these things.But we are still very early in this cycle. So I thought I'd offer some points for perspective. 1. Precious metals stocks have been in a projected b...Read More

Aug 12, 2019 Guest(s): Anthony Scaramucci Former White House Communications Director Anthony Scaramucci, former White House Communications Director, no longer supports President Donald Trump for re-election, admitting that he couldn't agree with the president's divisive political stances. "I think a lot of his policies have been great, but I think we run the risk here if we run this 100 - 0 lit...Read More

Aug 12, 2019 Guest(s): Jeff Tomasulo Founder & CEO, Vespula Capital Editor's note: this video first aired on July 12, 2019. A recession is a natural part of the business cycle, and policy makers should not be artificially propping up the economy, said Jeff Tomasulo, founder and CEO of Vespula Capital. "My view on it, and this has been my view for the last nine years, is that I don't want a marke...Read More

After a major trend change, it can be difficult for the majority of investors and market watchers to shift and adjust accordingly to the new trend.It's no different in the current case of precious metals which, other than a huge rally in the first half of 2016 have been dead money for the majority of the current decade. Despite the newfound bullish fundamentals and bullish technical action, plenty...Read More

Here Are 3 Hot Things to Know About Stocks Right Now The Dow Jones Industrial Average closed down nearly 400 points Monday as fears of a global recession from the U.S.-China trade war weighed on Wall Street and falling bond yields and unrest in Hong Kong dented sentiment. Viacom (VIAB - Get Report) shares declined following reports the media giant was close to a merger agreement...Read More

Greatland has issued shares and warrants at 1.85p to raise 4.177 million. Its share price (LSE: GGP) was down 2% early today at 1.79p, capitalising it at about £60 million. The funds raised by SI Capital and Numis Securities improved Greatland's cash balance to about £6.4 million.The 225.8 million new shares come with warrants exercisable at 2.5p within two years.Greatland CEO Gervaise...Read More

The company, which says it has completed construction of a barge landing-ramp for ship loading, will use Pangaea Logistic Solutions to transport about 40,000 tonnes of sample material from 100%-owned Dundas, described by Bluejay as "the world's highest-grade mineral sands ilmenite project"."Receipt of the export permit from the Greenlandic Government and the approval to ship the bulk sample to Que...Read More