Sentiment improving afterDe Beers reduced rough prices 5%-7% at Nov. sight. Better demand for RapSpecA3+ polished, driven by US holiday orders. Chinese demand and reduced supplysupporting 0.30 to 0.50 ct. D-G, IF-VS categories. Potential US-China tradedeal boosts expectations for Chinese New Year. 1 ct. RAPI -0.1% in Oct.; 0.30ct. RAPI +1.5%. Surat manufacturers on Diwali vacation and expected to...Read More
Mumbai market still not fully operational asdealers return from Diwali vacation. Surat factories closed for another week ortwo.Dealers focused on filling US orders and select demand from China.Shortage of top-quality SIs due to reduced manufacturing. Cutters hoping forbetter profit margins after Diwali break following De Beers rough price cuts. RoundRead More
RAPAPORT... Prices of yellow diamonds decreased in the thirdquarter, driving down the overall fancy- color index even while pinks and bluesremained steady, the Fancy Color Research Foundation (FCRF) said. The index for yellows fell 1.5% quarter on quarter for the threemonths ending September 30, and 4.9% year on year, according to the FCRF, whichreleased its quarterly Fancy Color Diamond Inde...Read More
(IDEX Online) - Hong Kong- based Sightholder KGK formally inaugurated its new cutting plant in Luanda, Angola earlier this week. This is the country's fourth diamond-cutting plant and is a partnership between KGK (65 percent), UST (30 percent) Sodiam EP 5 percent and UST (30 percent), reports the Angolan press agency. The partners have already invested $5 million out of a planned $2...Read More
RAPAPORT... KGK Diamonds has become the fourth company to open acutting factory in Angola as part of a national project to boost localmanufacturing, the government said in a post on its Facebook page Monday. The Hong Kong-based sightholder launched the operationtwo months ago, with a formal ceremony taking place Monday in the presence ofDiamantino Azevedo, the minister of minerals, resources...Read More
RAPAPORT... Tiffany & Co. has asked LVMH Mo?<
Angola Diamond Sales Increase 11.7% in Q3(IDEX Online) - Angolan diamond sales increased 11.7 percent in the third quarter of 2019. Revenues reached $294.85 million compared to 2018, an increase of $30.7 million, reported Macauhub. Sodiam, the Angolan national diamond trading company, said the country sold 2.94 million carats of diamonds during the quarter, an increase of 46 percent or 7...Read More
RAPAPORT... The Rapaport Diamond Podcast interviewed Stephen Lussier, De Beers' vice president, consumer and brands, after the company published its annual Diamond Insight Report.Lussier outlines the key takeaways from the report, titled Diamonds and Love in the Modern World, stressing how the industry can capitalize on the trends in modern relationships. While the bridal segment has struggled to...Read More
(IDEX Online) - Prices of fancy color diamonds remained stable in the third quarter of 2019, according to the Fancy Color Diamond Index (FCDI) published by the Fancy Color Research Foundation. The prices of pinks remained stable this quarter. The slight decrease of 0.1 percent overall was due to a 3-percent decrease in the 5 carat fancy pink category. However, all fancy vivid pinks rose by 0....Read More
(IDEX Online) - The World Jewellery Confederation (CIBJO) has produced a coral report ahead of its annual congress in Bahrain this month. This is the ninth in a series of special publications prepared for the congress. The report was prepared by the Coral Commission, which is headed by Vincenzo Liverino.It covers environmental issues, in particular the efforts by the industry to address the impact...Read More
RAPAPORT... Mountain Province saw a net loss in the third quarter,hampered by bad weather and the negative impact of currency fluctuation. The company reported a loss of CAD 25.8 million ($19.6million) from its Gahcho Ku?(C) mine in Canada for the three months endingSeptember 30, compared with a profit of $17.5 million ($13.3 million) theprevious year, as the Canadian currency weakened agains...Read More
HARARE – Zimbabwean mining firms want to retain all of their export earnings in foreign currencies, saying they are disadvantaged by having a proportion paid to them in Zimbabwe dollars.President Emmerson Mnangagwa's government is pinning its hopes on the mining sector, which generates Zimbabwe's biggest export earnings, to drive the recovery of an economy grappling with power cuts a...Read More
Poster South Africa mine regeneration on trackSPONSOREDorion mineralsAs part of a wide-sweeping management change, the company also appointed Linda Chang as CFO, Purni Parikh as SVP corporate affairs and corporate secretary and James Steels to its board.Solaris intends to undertake a non-brokered private placement financing to raise up to C$5.5 million at C40c a share plus a three-year half warran...Read More
Polymetal building with good momentumSPONSOREDpolymetal internationalAt Cangrejos, the indicated mineral resource is now 469 million tonnes grading 0.59 grams per tonne gold and 0.12% copper and the inferred resource is 255Mt grading 0.43g/t gold and 0.08% copper.Read More
Nordic Mining prepares for lift-offSPONSOREDnordic miningIronRidge derisks through diverse discoveries SPONSOREDironridge resources Polymetal building with good momentumSPONSOREDpolymetal internationalAfrica's rising resource nationalism ups stakes for minersSPONSOREDverisk maplecroftThe resolution, put forward by a group of shareholders led by the Australasian Center for Corporate Responsibil...Read More
U.S. equity index futures moved higher this morning. S&P 500 futures were up 12 points in pre-opening trade. Index futures responded to news that China and the U.S. agreed to phase out some of their tariffs.Index futures were virtually unchanged following release of the Weekly Initial Jobless Claims report at 8:30 AM EST. Consensus was a drop to 215,000 from a revised 219,000 last week. Actual...Read More
An attack against workers travelling to Semafo's (TSX: SMF) Boungou mine in southeastern Burkina Faso has left 39 dead and 60 wounded.A convoy of five buses escorted by military personnel came under fire on a public road about 40 km from the mine.It is the third attack in the last 15 months targetting employees of the Canadian mining company, which operates two mines in the West African nation.Try...Read More
Trevali Mining (TSX: TO) released Q3 financial and operating results from its operations in Canada, South America and Africa. Q3 zinc production came in at 106.8 million pounds payable, a new record for the company and a slight increase over the 105.2 million pounds payable produced in Q2 2019.All-in sustaining costs for the quarter were at US$0.96 per pound zinc, a slight improvement over the US$...Read More
Nordic Mining prepares for lift-offSPONSOREDnordic miningIronRidge derisks through diverse discoveries SPONSOREDironridge resources Polymetal building with good momentumSPONSOREDpolymetal internationalAfrica's rising resource nationalism ups stakes for minersSPONSOREDverisk maplecroftCardinal Resources released a summary of a feasibility study for its Namdini gold project in Ghana on 28 Octobe...Read More
La salida de Estados Unidos del Acuerdo de Par?-s fue una de las principales promesas de campa??a de Trump, lo que representa un duro golpe a nivel mundial para el combate al cambio cl??im??tico.07 noviembre de 2019 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.f...Read More