RAPAPORT... Gemological Science International (GSI) has appointed Alethea Inns as its chief learning officer, to oversee the grading company's education programs. "Alethea brings valuable expertise and extensive knowledge to her role, which will contribute to our long-term goals," said Debbie Azar, president and cofounder of GSI. Inns was previously the director of gemology and education at t...Read More
RAPAPORT... Gem Diamonds has recovered a 442-carat, type II diamond from the Let??eng mine in Lesotho, claiming the stone ranks among the largest gem-quality rough discovered this year. "The recovery of this remarkable 442-carat diamond, one of the world's largest gem-quality diamonds to be recovered this year, is further confirmation of the caliber of the Let??eng mine and its ability to consiste...Read More
RAPAPORT... Tiffany & Co. has postponed the unveiling of its new-look flagship store in New York due to the impact of Covid-19 on activity in the city. "Due to the temporary halt of all non-essential construction activity in New York City and certain related matters in response to Covid-19, [the company] expects this renovation to be completed in spring 2022," the jeweler explained in a Securi...Read More
(IDEX Online) - Consumers in the US now have more disposable cash for diamond purchases, having canceled vacations and other "experience" spending, says De Beers.Almost half (44 per cent) of the 500 adults surveyed said coronavirus had freed up their savings, and over two thirds said they had money available that had been earmarked for flights and accommodation.One in eight who had canceled travel...Read More
(IDEX Online) - Gem Diamonds has unearthed a 442-carat Type II stone, reckoned to be worth $18m, at its Letseng mine, in Lesotho.Let?... ?eng is the highest dollar per carat kimberlite diamond mine in the world and has yielded 60-plus white gem quality diamonds over 100 carats since it was acquired by London-based Gem, in 2006."The recovery of this remarkable 442 carat diamond, one of the wo...Read More
(IDEX Online) - Sales of fancy color diamonds have again been too slow for trade body the FRCF to produce a quarterly price index.But it says it can see signs of a recovery for Q3.The Fancy Color Diamond Index (FCDI) tracks changes in wholesale buying prices of yellow, pink and blue stones.In April, as the coronavirus pandemic hit, the Fancy Color Research Foundation (FCRF) said there was in...Read More
Subsidiary Pebble Limited Partnership said the permitting process continued to move forward amid reports the US Army Corps of Engineers (USACE) was going to publish details about its approach to wetlands mitigation for the project on Monday.The Pebble Partnership responded to a Politico article claiming Trump had plans to block the project."We firmly believe that the implication pushed by Politico...Read More
RAPAPORT... Gem Diamonds has recovered a 442-carat, type II diamond from the Let??eng mine in Lesotho, claiming the stone ranks among the largest gem-quality rough discovered this year. "The recovery of this remarkable 442-carat diamond, one of the world's largest gem-quality diamonds to be recovered this year, is further confirmation of the caliber of the Let??eng mine and its ability to consiste...Read More
RAPAPORT... Tiffany & Co. has postponed the unveiling of its new-look flagship store in New York due to the impact of Covid-19 on activity in the city. "Due to the temporary halt of all non-essential construction activity in New York City and certain related matters in response to Covid-19, [the company] expects this renovation to be completed in spring 2022," the jeweler explained in a Securi...Read More
Artemis all set thanks to unique approachSPONSOREDartemis resourcesSubsidiary Pebble Limited Partnership said the permitting process continued to move forward amid reports the US Army Corps of Engineers (USACE) was going to publish details about its approach to wetlands mitigation for the project on Monday.The Pebble Partnership responded to a Politico article claiming Trump had plans to block the...Read More
RAPAPORT... Gem Diamonds has recovered a 442-carat, type II diamond from the Let??eng mine in Lesotho, claiming the stone ranks among the largest gem-quality rough discovered this year. "The recovery of this remarkable 442-carat diamond, one of the world's largest gem-quality diamonds to be recovered this year, is further confirmation of the caliber of the Let??eng mine and its ability to consiste...Read More
Elon Musk promises a "giant contract" with the miner that can supply nickel for Tesla Inc. batteries at low cost with minimal environmental impact, yet the industry's messy track record may make that deal difficult to clinch.Read full newsRead More
Exxon Mobil Corp is limiting output at its flagship offshore project in Guyana to 100,000 barrels-per-day (bpd) due to more issues with the reinjection of natural gas, the South American country's environmental regulator said on Friday.Read full newsRead More
Federal approval of a controversial gold and copper mine in Alaska that would be the largest in North America may be put on hold on hold after a small group of influential Republicans launched a full-court press to block the project.Read full newsRead More
The three-month copper price on the London Metal Exchange continued to lose momentum on Friday August 21, slipping below$6,500 per tonne.Copper's three-month price on the LME closed at $6,482.50 per tonne on Friday afternoon, falling from an intraday high of $6,650 per tonne, on a day that saw 17,690 copper lots traded by the 5pm close.Copper's benchmark cash/three-month spread was recently tradin...Read More
Fastmarkets copper concentrate treatment and refining charge (TC/RC) index continues to set new lows and has done for three weeks in a row. Major Chinese smelters are well-stocked for the third quarter, with Collahuasi, Cerro Verde and some clean brands reported being bought in the high $40s, Fastmarkets heard. Traders' buying levels are heard to be in a range of high $30s to low $40s,...Read More
Three-month base metals prices on the London Metal Exchange were mostly down during morning trading on Friday August 21 after the release of key purchasing managers' index (PMI) data out of Europe disappointed, while copper futures took the brunt of the decline over the morning in a 1.2% drop. Copper's outright price on the LME was recently seen at $6,535 per tonne, slipping below nearby resistanc...Read More
An overview of the battery raw materials markets and the latest price moves.Read More
Key data from the pricing sessions in Europe, Asia and the United States for the week ended Friday August 21.China Seaborne manganese ore prices slipped after sentiment was undermined by weakening domestic portside ore and spot alloy markets. Portside ore prices fell after traders lowered their offer prices to attract buying interest. Many alloy smelters, however, retreated from the market over th...Read More
Adam HamiltonArchivesAug 21, 2020 The mid-tier gold miners in this sector's sweet spot for upside potential have had a spectacular run since March's stock panic! That catapulted them to extremely-overbought levels, necessitating a correction to rebalance sentiment. The mid-tiers' just-reported Q2'20 operational and financial results reveal whether those big gains were fundamentally-righteous, and...Read More