RAPAPORT... Nine jewelry designers have received the ManufacturingJewelers & Suppliers of America (MJSA) Vision Award, which honorsoutstanding creativity, craftsmanship and technological prowess in the field. Prizes include cash and gift certificates for tools andsupplies, as well as scholarships for students, the trade body said Tuesday. Winnerswill also be profiled in the MJSA Journal, and r...Read More

RAPAPORT... The Las Vegas jewelry week ended on Monday with tradingreflecting a steady US market, despite the slower foot traffic at the variousshows. "Traffic was a bit down, but it was an okay show," saidone Israeli polished supplier exhibiting at the JCK fair. "Dealers were lookingfor goods, and retailers were maintaining relationships." Some noted that activity was better for jewelry suppliers...Read More

LUANDA – Angola will make changes to how its secretive diamond industry works in order to attract more investment, increase production and secure higher government revenue, President João Lourenço said on a visit to Antwerp, Belgium.Africa's second-largest crude producer is trying to open up and diversify its economy after suffering a dramatic slowdown due to lower oil pric...Read More

(IDEX Online) - The GIA said it is offering its new Advanced Synthetic Diamond Seminars in August in Mumbai and London, and in October at its world headquarters in Carlsbad, California.   The seminar dates coincide with gem and jewelry events or tradeshows in each city. Participants will have the opportunity to gain in-depth knowledge of advanced diamond identification techniques and to have...Read More

(IDEX Online) - The World Diamond Council (WDC) System of Warranties (SoW) has entered a public review period following the completion of an industry review.   The SoW review and reform process is part of the WDC Strategic Plan and is intended to help industry participants better implement and demonstrate commitment to responsible business conduct when buying or selling rough and polished di...Read More

(IDEX Online) - Botswana Diamonds has been awarded the 2.5 hectare Mooikloof kimberlite pipe concession close to De Beers' flagship Venetia Mine.   "The award of the Mooikloof Prospecting Licence is an important development for Botswana Diamonds," the firm said. "Mooikloof is a known 2.5 hectare diamondiferous kimberlite pipe last prospected in 1986. The adjacent Oaks mine was owned and...Read More

(IDEX Online) - Synova, a manufacturer of high-precision laser diamond cutting systems, has opened its second Micro-Machining Center (MMC) in India.   The new MMC, located in Mumbai, will allow Synova to better serve existing local customers and to meet the growing market demand in the area, the firm said.   The new MMC offers laser sawing jobs such as straight sawing, pie sawing and fa...Read More

JOHANNESBURG (miningweekly.com) – A return of capital expenditure (capex) and inorganic sources of growth are seen as a key corporate priority for 2018 and beyond, CRU Group senior consultant Aleksander Popovic said on Wednesday.The provider of marketing intelligence to mining told the Junior Indaba that the company’s 200-response April survey showed that the managing of supply-side fu...Read More

Egypt's biggest steel producer, Ezz Steel, enjoyed strong local demand and recorded a 190% increase in consolidated earnings before interest, taxes, depreciation and amortization (Ebitda) in the first quarter of 2018, the company said on Tuesday June 5.The company was helped in this by Egypt imposing anti-dumping duties on rebar imports from China, Turkey and Ukraine for a period of five years wit...Read More

Aim-listed Botswana Diamonds has been awarded a prospecting licence for the 2.5 ha Mooikloof diamondiferous kimberlite pipe concession, in Limpopo, South Africa.The award of the Mooikloof prospecting licence is an important development for Botswana Diamonds, since the company believes that past explorers have systematically underestimated the kimberlite pipe size, grade and diamond quality of the...Read More

Domestic prices for mesh-quality wire rod produced and delivered in Southern Europe went unchanged over the past week, but prices could come under pressure amid continued weak demand, sources said on Wednesday June 6.The Southern European domestic price for mesh-quality wire rod was ?,?520-535 ($608-626) per tonne delivered on June 6."Non-integrated mesh producers are squeezed right now and they a...Read More

Domestic prices for steel beams in Southern Europe edged up this week on a dip in stock levels while Northern Europe prices remained stable, with demand continuing to be mixed, sources told Metal Bulletin on Wednesday June 6.Metal Bulletin's weekly price assessment for domestic S235-grade, 200x200mm category-2 H-beam in Northern Europe was unchanged week on week at ?,?590-620 ($690-725) per tonne...Read More

Key data from the Wednesday June 6 pricing session in Europe. Key drivers - Alloy producers reckon the market will consolidate above $5 per kg duty delivered paid in June due to increased consumer demand.- But traders reckon there is buying availability below that level. A 60-tonnes tender from Swedish steelmaker SSAB with a deadline on Thursday should provide spot price guidance...Read More

The following Metal Bulletin noble alloys and ores prices changed on Wednesday June 6:Noble alloys Molybdenum Europe drummed molybdic oxide, $/lb: $11.45-11.55 per lb from $11.40-11.50 Ferro-molybdenum basis 65%...Read More

The following Metal Bulletin minor metals prices changed on Wednesday June 6:Minor metals Cadmium MB free market min 99.95%, cents/lb: 125-140 cents per lb from 130-145 centsCadmium MB free market min 99.99%, cents/lb: 127-145 cents per lb from 130-150 centsCobalt MB China domestic,...Read More

Holta Invest, an investment company that owns Nizi Group, has bought Swedish metal powder maker Metal Powder Technology (MPT) to strengthen its presence in the metal powder business, the company said on Wednesday June 6.Holta Invest did not disclose the purchase price at the time of publication.Last year, MPT generated revenue of ?,?33 million ($38 million) from its sales of metal...Read More

Key data from Metal Bulletin's Wednesday June 6 pricing session in China.Molybdenum concentrate MB Chinese free market, 45% Mo, in-warehouse China, RMB/mtu Key drivers:- Market participants expect molybdenum prices to remain stable in June despite the rainy season in China, which might affect...Read More

The US stainless steel scrap market "has become boring," some industry participants said, although that has brought some stability."I like boring if we can make money," one major processor said."Any price changes we see in this market are very incremental," another major processor said, also indicating that the next move he sees "will be downward because there is too much metal in the marketplace....Read More

Turkish steel producers have continued to book deep-sea scrap for July shipments following the decision by the United States to impose a 25% tariff on steel imports from the EU, Canada and Mexico, sources said on Wednesday June 6.The US move, following its Section 232 trade investigation, was expected to raise the demand for Turkish rebar now that the tariff also applied to regions that had been g...Read More

The seaborne coking coal market was subdued on Wednesday June 6 though prices continued to experience support.Buyer sources in India and China said that they were keen to procure June- and July-laycan spot cargoes despite recent price increases. "Some of our term cargoes of premium hard coking coal have been delayed but we've made up for some of that shortfall with spot tonnages," a buyer source i...Read More