(IDEX Online) - Galatea Ltd., a wholly-owned subsidiary of Sarine Technologies Ltd has further stepped up its enforcement initiatives against the fraudulent use of its Galaxy (R) inclusion mapping technology and systems, Sarine said in a statement.   Galatea is taking action against a manufacturer in Surat, India for its deliberate under-reporting of rough stone weights and underpayment of am...Read More

RAPAPORT... The average price of rough diamonds sold by MountainProvince fell in December as a large proportion of the goods on offerwere smaller stones, the company said. The miner sold 364,000 carats of rough from itsGahcho Ku?(C) mine at an average price of $53 per carat, for a total of$19.1 million, it reported in a statement Wednesday. The average price was below October's $60 per carat andN...Read More

(IDEX Online) - Retail business in Hong Kong's export markets is expected to grow in the coming year, according to a worldwide study of year-end sales released by the Hong Kong Trade Development Council (HKTDC).   The HKTDC report on preliminary 2017 Christmas sales in Hong Kong's key export destinations - including both traditional and emerging markets - found solid growth in the...Read More

RAPAPORT... Titan Company's jewelry sales grew by a "double-digit"percentage during India's September and October festivals, the retailer said.Dussehra and Diwali, two of the main holidays in the year,occurred in different fiscal quarters at the end of 2017, meaning related saleswere split between the two reporting periods. However, this only had a limitedimpact on sales for the third fiscal quart...Read More

RAPAPORT... Kering has appointed Nathalie Diamantis as head of itsjewelry operations in North America and Latin America, the luxury group said. As president of Kering Jewelry for the Americas, Diamantiswill oversee growth of the Pomellato, Boucheron and Dodo fine-jewelry brandsacross the region, succeeding Alain Huy, the company confirmed with Rapaport NewsWednesday. Diamantis previously spe...Read More

Copper bulls may have set the metal's prices up for a fall in 2018 after a staggering December rally saw prices reach four-year highs, market analyst told Metal Bulletin. The London Metal Exchange's three-month copper price ended 2017 up 30.8% for the year having peaked at $7,312.5 per tonne on December 28. Concerns that up to 40% of global copper mine supply has the potential to be disrupted thro...Read More

RAPAPORT... Sales of jewelry, watches and other luxury items in HongKong rose in the first 11 months of 2017 as tourists returned and localconsumer sentiment recovered, the city's official data authority said.Retail sales for the category grew 5% year on year to $8.49billion (HKD 66.35 billion) for the January-to-November period, Hong Kong'sCensus and Statistics Department said in a statement Wedn...Read More

Trade protection measures in the Middle East could support local steel producers' attempts to capture much of the increased regional steel demand expected in 2018. Gulf Co-operation Council (GCC) nations are due to make a final decision by the second quarter of this year on whether to impose anti-dumping duties on Chinese non-welded oil country tubular goods (OCTG) made of iron or steel with a rad...Read More

The drive for greater transparency in financial markets will power into fifth gear from the start of January as the second iteration of Europe's Markets in Financial Instruments Directive (MiFID II) comes into effect. MiFID II - the European Union's first regulatory update to the directive since 2004 - will kick in on Wednesday January 3 and is designed to make European markets safer and more tran...Read More

Base metals prices on the London Metal Exchange ended mostly higher on Thursday December 4, with only tin bucking the overall upward trend. The three-month nickel price gained more than $200 and copper ended $41.50 higher, albeit below $7,200 per tonne. "We remain positive on copper over the very short-term, expecting the rebound to continue at the start of the year. Our momentum-based indicators...Read More

The seaborne iron ore market reported higher prices on Thursday January 4 despite a big drop in spot rebar prices in east China.Key driversChina's steel markets continued to soften during the day with spot rebar prices in the eastern region tumbling 170-180 yuan ($26-28) per tonne as bad weather dampened downstream demand.The benchmark iron ore futures contract picked up in the afternoon after dec...Read More

Iron ore prices rose above $76 per tonne cfr China on Thursday January 4 despite a subdued Chinese steel market.Metal Bulletin's 62% Fe Iron Ore Index Today: $76.54 per tonne cfr QingdaoDaily change: up by $1.57 per tonneMonth-to-date average: $75.41 per tonneMetal Bulletin's 58% Fe Premium Index Today: $61.94 per tonne cfr QingdaoDaily change:...Read More

Good review of the breakout in the Canadian Venture   HERERead More

SHANGHAI, Jan 4 (SMM)? 1/4 ? Nonferrous metals rallied this afternoon and for the most part finished higher at closure. Lead led the gains with 1% rise while copper and zinc went up slightly. Aluminium slipped, however.The ferrous market saw coke outshine others with 3% jump. Coking coal rose 0.7% and iron ore also edged up. On the other hand, rebar dropped 0.68% and hot-rolled coil slipped 0.56%....Read More

SHANGHAI, Jan 4 (SMM)? 1/4 ? Nonferrous metals rallied this afternoon and for the most part finished higher at closure. Lead led the gains with 1% rise while copper and zinc went up slightly. Aluminium slipped, however.The ferrous market saw coke outshine others with 3% jump. Coking coal rose 0.7% and iron ore also edged up. On the other hand, rebar dropped 0.68% and hot-rolled coil slipped 0.56%....Read More

SHANGHAI, Jan 4 (SMM)? 1/4 ? Nonferrous metals rallied this afternoon and for the most part finished higher at closure. Lead led the gains with 1% rise while copper and zinc went up slightly. Aluminium slipped, however.The ferrous market saw coke outshine others with 3% jump. Coking coal rose 0.7% and iron ore also edged up. On the other hand, rebar dropped 0.68% and hot-rolled coil slipped 0.56%....Read More

U.S. equity index futures were higher this morning. S&P 500 futures were up 6 points in pre-opening trade. Dow Jones Industrial Average futures are expected to open just below 25,000.Index futures moved slightly higher following release of economic news. Consensus for December ADP Private Employment was a decline to 185,000 from 190,000 in November. Actual was 250,000. Consensus for Weekly Job...Read More

SHANGHAI, Jan 4 (SMM)? 1/4 ?Copper: LME copper was under pressure to move towards the 10-day moving average and it is expected to trade at $7,130-7,180/mt today. The main contract SHFE copper is to trade at 54,500-55,500 yuan/mt. In the spot market, the discounts are likely to be narrowed to 90-50 yuan/mt today.Nickel: Nickel futures saw downward correction pressure as Chinese domestic stainless s...Read More

Gold prices reached a five-month low of $1,241 on Dec. 12, but they are now up nearly 6.3% since that dip less than a month ago. That has investors wondering, "Should I buy gold in 2018?"While every investor has different goals, we think investing in gold in 2018 will be one of the most profitable decisions you can make this year.In just a bit, we'll show you Money Morning Resource Specialist Pet...Read More

SHANGHAI, Jan 4 (SMM)? 1/4 ?Copper: LME copper was under pressure to move towards the 10-day moving average and it is expected to trade at $7,130-7,180/mt today. The main contract SHFE copper is to trade at 54,500-55,500 yuan/mt. In the spot market, the discounts are likely to be narrowed to 90-50 yuan/mt today.Nickel: Nickel futures saw downward correction pressure as Chinese domestic stainless s...Read More