It's been a busy week already for the stock market, gold & silver. Matt breaks-it down...by Matt from Silver Fortune via Silver FortuneSilver on the Verge of Lift Off (Stocks on Edge of a Cliff)It's been a busy week already for stocks and metals. Read More
Trading quiet due to Chinese,Indian and Jewish holidays and weak market sentiment. Dealers cautious asfourth quarter begins. Jewelers limiting inventory purchases as shift to interactivedigital shopping experience and omni-channel reduces their in-store stockrequirements. Hong Kong retail sales slump asprotests escalate during Oct. 1 Golden Week. Lower midstream inventorysupporting polished prices...Read More
RAPAPORT... US Customs and Border Protection (CBP) has blocked theimport of rough diamonds mined from the Marange fields in Zimbabwe, claimingthey were produced using forced labor. "CBP is firmly committed to identifying and preventingproducts made with the use of forced labor from entering the stream of UScommerce," Brenda Smith, executive assistant commissioner of the CBP office oftrade, sa...Read More
Short week due to GandhiJayanti national holiday. Few foreign buyers in Mumbai. Prices of 0.30 to 0.40ct., D-G, IF-VVS2 firming as inventory diminishes. Rough trading down.Manufacturers maintaining low production capacity ahead of Oct. 27 Diwalibreak. RoundRead More
RAPAPORT... The Central African Republic (CAR) on Thursday unveiled a program to overhaul its diamond sector, with the goal of increasing its export revenue. Diamond buyers operating in the country must pledge to improve transparency and meet the due-diligence guidelines set out by the Organisation for Economic Co-operation and Development (OECD), according to a decree President Faustin-Archange T...Read More
RAPAPORT... India's polished-diamond exports fell 25% to $1.64 billion inAugust, data from the Gem & Jewellery Export Promotion Council showed. Thedecline reflects a slump in the average export price to $658 per carat, thelowest since August 2017, according to Rapaport archives. Exports of polishedlab-grown diamonds more than doubled to $37.4 million for the month from $15.2million a year ago....Read More
RAPAPORT... De Beers' sales slumped to $295 million in September as the minercontinued to allow sightholders to refuse goods in the prevailing weakrough-diamond market. The company maintained firm prices and offered increasedflexibility to encourage lower purchases, thereby reducing the oversupply inthe polished sector, sightholders explained to Rapaport News. Itcontinued its policy of allowing cl...Read More
RAPAPORT... The Jewelers Vigilance Committee (JVC) will unveil a diamond-supply-chain-protectionkit this month to help retailers understand the Federal Trade Commission's(FTC) revised guidelines for natural and lab-grown stones. The free tool, which aims to help protect the supply chain,comes with a handout that breaks down the exact wording retailers can and can'tuse when advertising natural...Read More
RAPAPORT... Sales of jewelry and other luxury items in Hong Kong sank in August, marking the sharpest monthlydecline on record as protests in the municipality hit tourism and consumption. Revenue from jewelry, watches, clocks and other valuablegifts dropped 47% year on year to HKD 3.93 billion ($501.3 million) during themonth, the municipality's Census and Statistics Department reported Wedne...Read More
(IDEX Online) - As calls go out urging caution over diamonds from the Central African Republic (CAR), the country has announced a "full overhaul" of its alluvial diamond mining sector.A presidential decree signed on September 30 has established a process to allow existing buying houses to formalize their activities. Each buying house must export at least $3 million worth of goods per quarter....Read More
(IDEX Online) - De Beers today said it provisionally sold $295 million worth of rough diamonds at its eighth Sight of the year in September. This is compared to $482 million a year ago - a drop of 39 percent. In Sight seven, the company sold $297 million worth of goods. Accounting for slower sales, Bruce Cleaver, De Beers Group CEO said the company was approaching what is "tr...Read More
(IDEX Online) - Sales of fine jewelry and fine watches declined by 0.8 percent in the U.S. market in July compared to the same month a year ago, as seen in the graph below. Revised figures also show that the situation is less gloomy than previously thought with the declines since the beginning of the year less steep than previously thought (the Department of Commerce periodically revises its numbe...Read More
(IDEX Online) - The World Diamond Council has again cautioned members of the industry to be cautious when purchasing goods from the Central African Republic (CAR).The call comes following recent media reports about rough diamonds being associated with the ongoing conflict in the country. There is some legal trade from the country. The Kimberley Process has designated "green" compliant zones t...Read More
Diamond miner De Beers sold $295-million worth of diamonds during the eighth sales cycle of the year.This was higher than the $287-million worth of diamonds sold during the seventh sales cycle of this year, but well below the $482-million of diamonds sold in the eighth sales cycle of 2018.Advertisement"As we approach what is traditionally a quieter time of year for the diamond industry during...Read More
IronRidge derisks through diverse discoveries SPONSOREDironridge resources Drilling in 2019 totalled 5,400m in four diamond core holes. Two of the three which reached their target depth intersected long intervals of higher than current resource grade material and one hit the new porphyry centre.Drilling highlights included 194m grading 0.74 grams per tonne gold and 1.1g/t silver from surface and a...Read More
Dear Reader,I'm often asked, "How can I get rich in real estate?"Behind this question is a different question: "How can I get the money I need to invest in real estate?"More often than not, the people asking me these questions have had ingrained into them from an early age that saving was a means to getting rich and that if they wanted to invest, they needed to use their own money.Both are myths t...Read More
Gold grabs most of the mining headlines, especially since its recent comeback, but other precious metals such as silver and palladium are also performing well in today's market, giving miners new hope after a prolonged commodities slump.The silver price - seen as both a haven for investors and an industrial commodity - hit a three-year high above US$19 per oz. in early September, while palladium s...Read More
Greenstone Gold Mines, a 50-50 partnership between Premier Gold Mines (TSX: PGM) and Centerra Gold (TSX: CG), reports that its Hardrock gold deposit in northwestern Ontario has grown in grade and ounces from a previous estimate three years ago.The project, 275 km northeast of Thunder Bay in the Beardmore-Geraldton greenstone belt, has measured and indicated resources of 147.5 million tonnes gradin...Read More
Mining CEOs teamed up with young mining professionals in groups of four to raise money for university scholarships at the inaugural Young Mining Professionals golf tournament in Richmond Hill, Ontario. The golf tournament on Sept. 23 at the Summit Golf and Country Club raised $11,000 for the YMP Scholarship Fund, a registered charity that donates 100% of its receipts to students.Seven CEOs too...Read More
White Gold turns heads as exploration steps up a gearSPONSOREDwhite gold corpSilver Mines times Bowdens to perfectionSPONSOREDsilver mines limitedPoster South Africa mine regeneration on trackSPONSOREDorion mineralsLean mining and the fourth industrial revolutionSPONSOREDdassault systemesSince the beginning of 2011, the median return on all surviving ASX-listed resources stocks has been a depressi...Read More