RAPAPORT... Michael Hill's sales fell 0.8% in its third fiscal quarter,even as strategic changes drove an improvement in March, the company said. Group revenue slipped to AUD 117.6 million ($84.2 million)in the three months ending March 31, the jeweler reported Wednesday. During thefirst two months of the period, the company was in a transition period as it shifted to a new marketing strategy...Read More

RAPAPORT... Watch the third installment of our video blog from the American Gem Society's annual Conclave in Seattle, Washington. Avi Krawitz, Rapaport News Editor andSenior Analyst, discusses what's unique about the event, and what he learned during the three days. Plus, after sitting down with De Beers' Lightbox team, Avi has some thoughts about the lab-grown market.Day 3Day 2Day 1Thumbnail...Read More

RAPAPORT... The original manuscript that brokered the cutting of the3,106-carat Cullinan diamond to create the Crown Jewels of Great Britain isgoing under the hammer at Bonhams. The sale includes the documents the representatives of KingEdward VII and London diamond brokers M.J. Levy & Nephews signed in January1908. A paste replica of the Cullinan diamond in its original rough form, aswel...Read More

RAPAPORT... LVMH Mo?<Read More

RAPAPORT... Sales at Alrosa fell 33% year on year to $377.1 million inMarch, even as the rough market picked up after a weak start to the year.  Rough-diamond proceeds were $369.2 million for the month, also 33% lower thanthe figure the miner reported a year ago. Polished revenue dropped 12% to $8million. However, overall demand has improved versus February, with total salesup 9% month o...Read More

Signet published its Corporate Social Responsibility (CSR) Report for 2018. The report benchmarks Signet's global CSR programs. Some of the highlights from Signet's report include: Signet was the only jewelry retailer selected for the 2019 Bloomberg Gender Equality Index; More than 11,000 Signet team members certified as experts in gemology;An impressive 74 percent of Signet's field leadersh...Read More

The Israel Diamond Exchange announced that the next Israel Diamond Week in Israel (IDWI) is scheduled for February 10 - 12, 2020. This year's show attracted more than 350 foreign buyers from over 30 countries, one-third of whom were first-time visitors to the Israel diamond exchange buildings. Some 150 Israeli firms exhibited polished diamonds, with dozens of additional companies offering hig...Read More

SGL, a London-headquartered diamond grading laboratory, opened a new laboratory in New York City, with premises in the International Gem Tower on 47th Street in Manhattan's diamond district. The New York lab is the company's 16th location, with branches in India, Saudi Arabia, the United Arab Emirates and the United Kingdom. According to an SGL news release, all of the company's laborato...Read More

Multinational jeweller Graff has cut the largest square emerald cut diamond in the world, which ranks as the largest high-colour, highest clarity diamond ever graded by the Gemological Institute of America.Dubbed the Graff Lesedi La Rona, the diamond weighs in at 302.37 ct, and is a top D-colour. It was cut and polished from the principal 1 109 ct Lesedi La Rona rough diamond, which was recovered...Read More

Alrosa sold $377.1 million of rough and polished diamonds in March. Rough diamond sales grew to $369.2 million, against $340.6 million in February 2019, with polished diamond sales increasing to $8 million, against $5 million a month earlier. Sales in the first quarter of the year amounted to $1,004 million - $987.9 million of rough and $16.3 million of polished goods. "The market is gradually sta...Read More

Trans Atlantic Gem Sales (TAGS) concluded its latest rough diamond tender earlier this month at the Dubai Diamond Exchange. The firm tendered productions from South Africa, Angola and Namibia. The firm said that "all materials were of high quality and high color and featured a significant number of large single stones and exceptional specials." The tender was attended by more than 200 firms from I...Read More

Share this articleA Vale SA iron ore mining operation. Source: Vale SA.Vale SA [VALE-NYSE], the world's largest producer of iron ore and nickel, is facing charges in Brazil over a deadly tailings dam breach.A Wall Street Journal report says prosecutors are planning to file criminal charges against the Brazilian miner and its employees over the collapse of the mine waste dam in January 2019, that k...Read More

Eastern promise for PolarXSPONSOREDpolarxThe scoping work only focussed on the opencut resources defined to date, with Xanadu pointing to upside from resource extensions, higher grade underground options and shallow oxide gold potential.Read More

Look beyond market approach to project valuations: van ZylLeadershipAlkane maps own path to world-class critical metals producerSPONSOREDalkane resourcesWestern Atlas drill-ready in NunavutSPONSOREDwestern atlas resourcesGlobal Atomic's 'transformational discovery' changes everythingSPONSOREDglobal atomic corpIt said a syndicate of underwriters, co-led by Canaccord Genuity and GMP Secu...Read More

Two-time Vale president Eliezer Batista diesLeadershipLook beyond market approach to project valuations: van ZylLeadershipAlkane maps own path to world-class critical metals producerSPONSOREDalkane resourcesGlobal Atomic's 'transformational discovery' changes everythingSPONSOREDglobal atomic corpIt said the discoveries of high-grade (plus-1.5% copper-equivalent) and medium grade (>0...Read More

U.S. equity index futures were higher this morning. S&P 500 futures were up 3 points in pre-opening trade. Index futures responded to encouraging news on China/U.S. trade negotiations.Index futures were virtually unchanged following release of economic news at 8:30 AM EDT. Consensus for the March Producer Price Index was an increase of 0.3% versus a gain of 0.2% in February. Actual was an incr...Read More

You hear it all the time from Dr. Oz and other medical gurus: Eat more fruits and veggies. And the USDA recommends five to nine servings each day to help reduce the risk of heart attack, stroke, cancer, and early death.An analysis from the School of Public Health at Imperial College London shows that participants who had 10 servings - 28 ounces - daily experienced a:24% reduced risk of heart disea...Read More

Everyone knows that American shale oil production is booming.The mainstream media has been all over the story.They should be. After all, what the entrepreneurial U.S. oil and gas industry has done to free oil long-trapped in shale rocks has been incredible.But...What not so many people know is that the shale producers are pumping the WRONG KIND of oil. U.S. refineries are desperately short of a di...Read More

Four current Mines students and six recent graduates are among the 2019 winners of the prestigious National Science Foundation Graduate Research Fellowship. The program, which started in 1952 shortly after Congress established NSF, is the oldest continuous graduate fellowship of its kind. It provides three years of support for the graduate education of individuals who have demonstrated potential...Read More

Lumina Gold (TSXV: LUM; US-OTC: LMGDF) has drilled its longest continuous section of mineralization at its Gran Bestia deposit in Ecuador, part of its Cangrejos gold-copper project.The company cut 0.62 gram gold per tonne and 0.11% copper over 626 metres from surface, including 1.14 grams gold and 0.13% copper over 86 metres from 224 metres downhole, and 0.93 gram gold and 0.18% copper over 86 met...Read More