Gold ended lower on Friday, distancing itself from the more-than six-year high it settled at a day earlier, but the metal's investment haven appeal contributed to a third weekly climb in a row. "Drivers for gold have included global growth in negative interest rate bonds, the decline in real interest rates in the U.S., [and] uncertainty regarding U.S./China trade policy and political unrest in Hon...Read More
Here are five Fastmarkets MB stories you might have missed on Friday August 16 that are worth another look.An oversupply that has been branded the leading cause of the persistent price weakness seen in China's vanadium market during the first half of 2019 will likely continue to act as a headwind for the rest of the year, market sources told Fastmarkets.Chinese domestic battery-grade lithium...Read More
RAPAPORT... Revenue at Gem Diamonds fell in the first half of the yearamid weakness in the market. Sales of rough diamonds from the Let??engmine in Lesotho plunged 44% to $94.5 million by value, and dropped10% to 55,714 carats by volume, the miner reported last week. The average price declined to $1,697 percarat, compared with $2,742 per carat in the same period a year ago. Total sales w...Read More
RAPAPORT... A 10.64-carat pink diamond ring worth up to $25.5 millionwill go under the hammer at Sotheby's Hong Kong sale. The fancy-vivid-purplish-pink center stone is internallyflawless, the auction house told Rapaport News Friday. Sotheby's willoffer the piece, which is flanked by white diamonds, at its Magnificent Jewelsand Jadeite sale on October 7. The ring has a presale estimate of HKD...Read More
RAPAPORT... De Beers will allow more rejections than usual at thisweek's sight, aiming to ease pressure on the market without reducing prices. Customers will be free to refuse 50% of available goods amid a slump in rough demand, a broker told RapaportNews on condition of anonymity. The company will also buy back up to 20% ofsightholders' purchases, compared with the standard 10%, he added. Unlike...Read More
RAPAPORT... Albert Milton, managing director of De Beers'Botswana joint venture, has died, the company said Friday. Milton passed away early Friday morning after becomingunwell Thursday night in Johannesburg, where he was admitted to the hospital. "De Beers is shocked and saddened by the sudden death ofAlbert Milton," the miner said. "We extend our deepest condolences to Albert'sfamily, rela...Read More
RAPAPORT... Tiffany & Co. has launched its first comprehensive collection of men'sjewelry, breaking away from its traditional style by offering a more modern alternative. The move is part of the retailer's plan to attract a wideraudience and appeal to millennial consumers. While in the past Tiffany hasoffered a range of men's products, including money clips, cuff links and rings,the new c...Read More
The Gulf Times published an interesting news item, reporting on how couples chose their engagement rings. Here is an excerpt. The full article can be read here. "When Megan Shoemaker's boyfriend proposed to her in February 2017, he knew better than to purchase a classic engagement ring dominated by a glittering white diamond. Instead, he selected a grey marquise-cut sometimes calle...Read More
A group of Venezuelans that moved to the US to "start a new life" are suing a $30 million cryptocurrency Ponzi scheme that allegedly backed its coins with real diamonds. Last month, a group of Venezuelans submitted a lawsuit claiming they were fraudulently promised massive returns on investments into the supposed diamond-backed cryptocurrency, Argyle Coin, Law360 reports. The perpetrators, Jose An...Read More
On September 1, 2019, diamonds, gems and jewelry imports from China will be slapped with a 10 percent tariff, affecting some $13 billion worth of goods that are expected to be imported toward the holiday season. US jewelry industry leaders have been trying to avert the verdict but in spite of their efforts, which included a high-brow delegation led by David Bonaparte of Jewelers of America (JA) to...Read More
The De Beers Group published the following announcement on Friday August 16: "De Beers Group is shocked and saddened by the sudden death of Albert Milton, Managing Director, Debswana, the 50/50 joint venture between the Government of the Republic of Botswana and De Beers Group. Albert became unwell in Johannesburg on Thursday evening. He was admitted to hospital but died early this (Friday) morni...Read More
You won't find 'tizzy' among the 2,500 words in the Dictionary of Economics, but it's a good word to use if you're talking to your grandmother.Read full newsRead More
"The stock price of most #energy companies are highly correlated to the rise and fall of #oil and #gas prices. Is #Exxon's #dividend safe? Read this Seeking Alpha contributor's analysis and join the discussion here. https://t.co/M5SETmMzo5 #investing #stocks #dividends #trading"Read full newsRead More
"Read full newsRead More
"Resource Big News Roundup: Angkor Receives Approval for Cambodian Oil and Gas Concession; Progressive Planet Receives Largest Order for Rock Dust; Giyani Announces Positive PEA for its Manganese Project in Botswana https://t.co/6o8tkuZMDb #resource #batterymetals #preciousmetals"Read full newsRead More
Columbus Gold Corp. (CGT: TSX, CGTFF: OTCQX) ("Columbus") is pleased to provide an update on the Montagne d'Or gold project.Montagne d'Or continues to garner strong local support as a catalyst for economic growth of French Guiana.As required by French regulations, the Montagne d'Or joint-ventureRead full newsRead More
You won't find 'tizzy' among the 2,500 words in the Dictionary of Economics, but it's a good word to use if you're talking to your grandmother.Read full newsRead More
The major gold miners' stocks have soared in recent months, fueled by gold's decisive breakout to new bull-market highs. Nothing motivates traders like performance, so interest in this long-neglected sector has exploded. While gold stocks' technicals and sentiment have greatly strengthened, their just-reported Q2'19 results reveal whether their underlying fundamentals support their powerful surge...Read More
Richard Milhous Nixon did some very, very historic things in his storied career.Many of you probably lived through them...He was a lawyer, a U.S. representative, a senator, a vice president, the 37th President of the United States, the only president to resign the office, and - years later - resurrect his presidency as a disembodied cartoon head.He had quite a career is all I'm saying.Now, I'm not...Read More
Aug 19, 2019 Guest(s): Phillip Streible Senior Market Strategist, RJO Futures Silver has quite a bit of upside potential left, and once the gold-silver ratio breaks below the 200-day moving average, it could be "game on" for silver prices, this according to Phil Streible, Senior Market Strategist of RJO Futures. "I think a $20 year-end target on silver or $1,600 on gold is completely not out of...Read More