Diamond market quiet as US dealers takevacation. America supporting the trade with steady retail sales and expectedboost from Independence Day weekend. Midstream under pressure with tightliquidity, slow orders and excess inventory. Weak sentiment continues aspolished prices soften. 1 ct. RAPI -1.4% in June. Manufacturers buying polishedrather than rough, as they need to focus on profitability inst...Read More
Cautious sentiment amid ongoing liquidityconcerns and sparse orders. Heavy monsoon rains affecting business, with delaysin delivery and worker arrivals. Fewer foreign buyers in Mumbai. Good demandfor top-make SIs and lower piqu?(C) goods. Manufacturers keeping production 30% to40% below last year's levels. RoundRead More
RAPAPORT... High-end online retailer Net-a-Porter isset to launch an invitation-only digital platform, selling exclusive jewelry toits most loyal members. From later this month, customers whohave been awarded EIP (Extremely Important People) status by Net-a-Porter willbe able to access EIP Priv?(C), a "private and personalized online space" within the Net-a-Porterwebsite. The digital "destination"...Read More
RAPAPORT... When it comes to the size of a diamond, looks can be deceiving, admits Garry Holloway. Two stones with an identical carat weight might not look the same size due to light leaking out of the stone. "Most diamonds are cut too deeply, and therefore measure small [in millimeter terms] for their carat weight," explained Holloway, founder of Melbourne-based Holloway Diamonds. "Deep-cut...Read More
Watch and jewelry sales were finally back in the black in April, but overall, market growth in the US retail jewelry sector remained subdued, compared to the sales results of the same month in 2018. Year-over-year, total jewelry and watch sales grew 1.5 percent in April. Please note that the US government publishes sales data of jewelry two months "after the fact." Interesting enough, while total...Read More
RAPAPORT... Mary Lou Keen, trade-show manager at theAmerican Gem Trade Association (AGTA), is retiring after three decades at the organization. Keen has been responsible for developing AGTA's presenceat a range of national events - including the AGTA GemFair Tucson, the AGTASpectrum Awards and the AGTA pavilion at the JA New York Summer Show. She wasalso pivotal in debuting the AGTA GemFair Las Ve...Read More
Kathryn Parker and Flavio Cereda, equity analysts at Jefferies, wrote in a research note quoted on Insideretail.asia, that sentiment within Hong Kong has almost unanimously worsened since March due to the lingering effects of the trade war reducing high-quality tourism traffic into the territory, the rebalancing of prices after Mainland China's VAT cut, ongoing Hong Kong protests and closer m...Read More
The 19th Congress of the International Colored Gemstone Association (ICA) will take place at the Shangri-La Hotel in Bangkok from 12th to 15th October 2019, enabling industry experts to share their latest knowledge and insights with members of the trade and industry professionals. The biennial ICA Congresses are organized in member countries across the world. Thailand will be the first country to...Read More
A group of investors from Europe and Canada at the Timantti Diamond Project near Kuusamo, Finland, in May 2019. The photo shows part of the Grey Wolf Kimberlite excavated after removing less than two meters of overburden. If it is up to the exploration company Arctic Star Exploration Corp. of Vancouver, Ca., the Timantti Diamond Project, near Kuusamo, Finland, will become a diamond mine,...Read More
Greenland shines brightly in the rare earth spotlightSPONSOREDgreenland minerals'When top miners commit to an aspiration, that does trickle down'SPONSOREDdeloitteBlack Rock readies for race to graphite productionSPONSOREDblack rock miningE25 powering towards Butcherbird PFSSPONSOREDelement 25The unlisted Solaris was spun out of growing gold producer Equinox Gold (TSXV: EQX) last year.Read More
Two-time Vale president Eliezer Batista diesLeadershipLook beyond market approach to project valuations: van ZylLeadershipGreenland shines brightly in the rare earth spotlightSPONSOREDgreenland minerals'When top miners commit to an aspiration, that does trickle down'SPONSOREDdeloitteThe update "unlocked additional value" at the Alacran deposit and added resources for the Montiel East, Mont...Read More
Quality emerges at Galan's blue-chip lithium addressSPONSOREDgalan lithiumMining Journal sister title MiningNewsNet understands there are protestors and some temporary ‘boom gates' along the roads, but they have not impeded operations at the underground mine. MNN was unable to verify claims that vehicles are unable to travel to and from the site. Quality emerges at Galan's...Read More
Yesterday, the Dow Jones Industrial Average moved above its previous inter-day high at 26,951.81 to close at an all-time high.The NASDAQ Composite Index closed just below its inter-day all-time high at 8,176.08. StockTwits released yesterday @EquityClockPharmaceutical ETF $PPH moved above $59.16 setting an intermediate uptrend.Technical action by S&P 500 stocks to 10:00: Quiet. Intermedia...Read More
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Partners Mountain Province Diamonds (TSX: MPVD; NASDAQ: MPVD) and De Beers seem to be ???nding their stride at the Gahcho Ku?(C) mine, in the Northwest Territories.Mountain Province owns a 49% stake in the open pit mine, while De Beers is the majority owner and operator.The partners are in the early stages of making changes in the plant that will allow them to recover larger and higher quality dia...Read More
Jean-Marc Lieberherr readily concedes that the industry he represents and speaks for - global diamond mining - has an image problem. "There are so many misconceptions about diamond mining," says Lieberherr, chief executive of???cer of the Belgium-based Diamond Producers Association. "Issues from the 1990s, like conflict diamonds that funded several African civil wars, are real scars in the history...Read More
At The Northern Miner's Canadian Mining Symposium, held at Canada House in London, U.K., Yamana Gold (TSX: YRI; NYSE: AUY) executive chairman Peter Marrone spoke on the many changes at Yamana over the past few years, and the possible avenues for growth ahead. Below is an edited transcript of the session, held on May 22, 2019.______________I hope to reflect on some of the themes that perhaps other...Read More
Greenland shines brightly in the rare earth spotlightSPONSOREDgreenland minerals'When top miners commit to an aspiration, that does trickle down'SPONSOREDdeloitteBlack Rock readies for race to graphite productionSPONSOREDblack rock miningE25 powering towards Butcherbird PFSSPONSOREDelement 25Last week's ‘From the Capital' column outlined a historically unusual macro backdrop, raising...Read More
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Positive political change in James BayGuest's website:https://secure.kaiserresearch.comProduced by https://www.HoweStreet.comDon't miss out - Stay Informed!Receive the HoweStreet.com Weekly Recap with thought provoking podcasts, radio and articles delivered to your inbox.Sign up for the HoweStreet.com Weekly Recap on the homepage at https://www.HoweStreet.com#DiscoveryWatch #Gold #JuniorMinersRead More