RAPAPORT...The International Diamond Week in Israel (IDWI) closed Wednesday with participants noting steady trading among local dealers in the absence of Chinese buyers.Delegations from China and Hong Kong were scheduled to attend the three-day event, but canceled due to travel restrictions initiated during the coronavirus outbreak. Approximately 300 overseas buyers attended, organizers reported,...Read More
(IDEX Online) - Gem Diamonds has announced that its revenue for Q4 2019 increased 41% to $51.3 million (Q3 2019: $36.3 million)The volume of diamonds sold increased 17 percent to 29,945 (Q3 2019: 25,631) while the average per-carat price increased by 21 percent to $1,713 per carat (Q3 2019: $1,417 per carat). That figure improved to $1,753 per carat for the first tender of 2020.During Q4 2019, Gem...Read More
RAPAPORT... Italian luxury brand Bulgari has confirmed it will not be participating in the 2020 edition of Baselworld, a little over a week after Gucci announced it was exiting this year's show.The reasons behind Bulgari's departure were not specified in a statement Baselworld released Tuesday. However, the LVMH-owned brand "remains open" to a return next year, it noted. "We will take our dec...Read More
London-listed Gem Diamonds says following pressure on prices for larger high-quality diamonds last year, signs of improvement have been noted since December.Diamond prices for smaller commercial-type diamonds also remained under pressure for most of last year, with polished inventory levels remaining high for the company, but Gem on Thursday noted that the prices of these goods had also improved i...Read More
(IDEX Online) - Despite the growing spread of coronavirus, the 65th Bangkok Gems and Jewelry Fair will still open on February 25. The show organizer, the Department of International Trade Promotion (DITP), has announced stringent security measures that will be in place to prevent the spread of the illness. These include thermal scanners and thermal guns at all entrances and exits with nurses...Read More
RAPAPORT... Italian jewelry brand Pomellato has embarked on a three-month partnership with Paris-based Vestiaire Collective, enabling it to reward customers for selling their pre-owned pieces on the luxury resale platform.For every Pomellato piece re-sold through the site by May 11, customers will receive a voucher for 10% off Pomellato's new collection. This can be redeemed on its websi...Read More
(IDEX Online) - Wuhan-based Kingold Jewelry, Inc., one of China's leading manufacturers and designers of 24-karat gold jewelry, ornaments and investment-oriented products, has said that it expects the current situation in China will have a "material impact" on its operations in the first quarter of 2020.In compliance with the government health emergency rules in place, Kingold has been tempor...Read More
Russian diamond miner Alrosa is gearing up the launch the ‘perfect shift’ project, aimed at improving performance and reducing downtime of the mining fleet at its Aikhal division.The company explains that its Aikhal division has started to look into organisational changes required for the mine’s efficiency improvement initiatives back in late 2019. To adapt the ‘perfect shi...Read More
RAPAPORT... Kering, the owner of high-fashion houses Gucci and Yves Saint Laurent, reported robust sales in its jewelry and watch divisions in 2019, led by a strong performance in the Asia-Pacific region."Performance was solid double-digit in jewelry [at] Boucheron, Pomellato and Qeelin," said Kering CEO Fran??ois-Henri Pinault in an earnings call transcribed by Seeking Alpha. "Pomellato bene...Read More
RAPAPORT... Bonhams has named executive chairman Bruno Vinciguerra as its new CEO, replacing Matthew Girling, the auction house said Monday.Girling is leaving the company after 23 years. He joined its management team in 1999 and was appointed global CEO in 2015.While Girling was at the helm, Bonhams successfully extended its international reach, opening a salesroom in Hong Kong in addition to its...Read More
A spike in the reported death toll from the novel coronavirus (2019-nCov) in China led to a pullback in risk asset prices in early trading this morning, Thursday February 13, but the spike is not all what it seems.The sudden jump in the number of new cases reported was due to a change in how the infection is being reported, rather than a sudden jump in people actually being infected. The latest da...Read More
U.S. equity index futures were lower this morning. S&P 500 futures were down 19 points in pre-opening trade. Index futures responded to news of a spike in reported coronavirus cases in China. The Shanghai Composite Index dropped 20.83 to 2905.07 in overnight trade.Index futures were virtually unchanged following release of economic news at 8:30 AM EST. Consensus for Weekly Jobless Claims was a...Read More
Talisker Resources (CNSX: TSK; US-OTC: TSKFF) only listed on the Canadian Stock Exchange last April, but the junior holds more than 70% of the up-and-coming Spences Bridge belt in southwestern British Columbia.Talisker is a spinout of South America-focused explorer Sable Resources, which staked the Spences Bridge belt claims in B.C. in just one day in September 2018.Matt Filgate, a senior geologis...Read More
The Canadian Institute of Mining, Metallurgy and Petroleum (CIM) recently released its updated Canadian standards and guidelines for the valuation of mineral properties (CIMVAL 2019).Its new code is the result of a multi-year process by CIM's Special Committee on the Valuation of Mineral Properties (CIMVAL), and underwent rigorous internal and external review prior to its adoption by the CIM Counc...Read More
Cardinal heading down familiar gold roadSPONSOREDcardinal resourcesSarama right in the middle of big exploration, corporate build-upSPONSOREDsarama resources Exore excels in Cote d'IvoireSPONSOREDexore resourcesCase study: platform financeSPONSOREDminexiaGold's backers have a seemingly never-ending list of reasons to buy the metal. It protects against inflation and the economic failure accompa...Read More
This is an edited summary from the World Gold Council, based on its "Gold Demand Trends Full Year and Q4 2019" report. To access the report, visit www.gold.org.Gold demand fell 1% in 2019 as a huge rise in investment flows into ETFs and similar products was matched by the price-driven slump in consumer demand.It was a year of two distinct halves: resilience and growth across most sectors in the fi...Read More
Barrick Gold (TSX: ABX; NYSE: GOLD) posted a better-than-expected quarterly profit and rewarded investors with a 40% dividend increase, thanks to strong gold prices.The world's second-largest gold producer reported adjusted net earnings in the three months to December of US$300 million, or US17 ? a share, up from US$264 million and US15 ? recorded in the third quarter. Analysts' average estimate f...Read More
Diana Lein, actriz, habla en entrevista sobre el estreno de la pel?-cula 'Rencor tatuado' que llega a los cines este 14 de febrero.13 de febrero de 2020COMENTA ESTE VIDEO Y COMPARTELO CON TUS AMIGOSPara m??s informaci??n entra: http://www.youtube.com/excelsiortvNo olvides dejarnos tus comentarios y visitarnos enFacebook: https://www.facebook.com/ExcelsiorMexTwitter: https://twitter.com/Excelsior_M...Read More
Rodrigo Elizarrar??s, Consultor y analista pol?-tico, aborda diversos temas en materia de seguridad en M?(C)xico.13 febrero de 2020 COMENTA ESTE VIDEO Y COMPARTELO CON TUS AMIGOSPara m??s informaci??n entra: http://www.youtube.com/excelsiortvNo olvides dejarnos tus comentarios y visitarnos enFacebook: https://www.facebook.com/ExcelsiorMexTwitter: https://twitter.com/Excelsior_MexSitio: http://www....Read More
Fadlala Akabani,Titular de la Sedeco, habla en entrevista sobre el apoyo que se brindar?? a las MiPyMes industriales en M?(C)xico.13 de febrero de 2020COMENTA ESTE VIDEO Y COMPARTELO CON TUS AMIGOSPara m??s informaci??n entra: http://www.youtube.com/excelsiortvNo olvides dejarnos tus comentarios y visitarnos enFacebook: https://www.facebook.com/ExcelsiorMexTwitter: https://twitter.com/Excelsior_Me...Read More