Trading in Mumbai relatively slow as May summer break ends and dealers returnfrom Las Vegas. Inventory levels declined slightly in past month aftermanufacturers reduced polished production. Rough market cautious amid tightprofitability. Good demand for lower-color (J-K) diamonds. Local jewelry marketstable. RoundRead More

RAPAPORT... Signet Jewelers has lowered its sales outlook for the restof the year, after revenue fell in the first fiscal quarter. Total sales declined 3.3% to $1.43 billion in the threemonths ending May 4, the retailer reported Thursday. Same-store sales -at branches open for a year or more - slipped 1.3%.Signet now expects sales of $6 billion to $6.06 billion forthe current fiscal year ending Ja...Read More

By Chaim Even-Zohar and Pranay Narvekar Last year the diamond pipeline pretty well succeeded in Faking the Diamond Dream.    Some of the largest companies discovered that defaulting on debts of hundreds of millions of dollars had become the new source of value. Lenders tried to recover lost value by suing clients - some of whom responded in kind. Court appointed forensic investigato...Read More

RAPAPORT... Chow Tai Fook's sales and profit rose during the fiscalyear amid increased purchases of gold jewelry and an expansion of the company'sretail network in China, it said Thursday. Group sales grew 13% to HKD 66.66 billion ($8.5 billion) forthe year ending March 31. Retail sales in mainland China climbed 8% to HKD30.42 billion ($3.88 billion), while revenue from Hong Kong and Macau ju...Read More

According to a 2016 report published by the US-based think tank Global Financial Integrity (GFI), the Indian government lost a staggering $13 billion to trade misinvoicing. This amount is equivalent to 5.5 percent of the value of the country's total revenue collections in 2016, the Economic Times of India reported. In 2016, almost two-thirds of Indian imports that appear to be most at risk fo...Read More

RAPAPORT... Shipments of polished diamonds to the US grew 4% to $5.51billion in the first quarter, as a stronger March canceled out a negative startto the year. Imports rose 13% to $2.23 billion for the month, compared with a1% rise in January and a 3% decline in February.US Diamond Trade Data for March 2019 Millions unless stated otherwiseRead More

Alrosa, the world leader in diamond mining in volume, held an international auction for +10.8-carat rough diamonds in New York early this month. The company sold 101 gem-quality diamonds at a total weight of 1,550 carats. The auction netted Alrosa a total of $ 8.8 million. Some 90 companies, from Belgium, Hong Kong, India, Israel, Russia, the UAE and the USA participated in the auction. "Our aucti...Read More

Nompumelelo (Mpumi) Zikalala has hit the ground running as the newly appointed MD of De Beers Group Managed Operations in South Africa and Canada, which employ more than 5 500 people, including contractors. The focus of the De Beers Group Managed Operations leadership team is on the Venetia Mine, Gahcho Kué Mine and De Beers Marine. The streamlining of operational management and identificat...Read More

American jeweler to the stars Le Vian celebrated 20 years of its record-busting Chocolate Diamonds with a glittering retrospective catwalk, while raising almost $500,000 for children's and cancer charities. Le Vian models sashayed down the runway in a packed Las Vegas ballroom at the Venetian Hotel on Sunday, June 2, in a catwalk show that looked both to the past and the future, with an audie...Read More

The First Lady of the Republic of Botswana, Mrs. Neo Jane Masisi, opened the Forevermark company's annual breakfast held at JCK LUXURY, sharing the important role that diamonds have played in the story of her own life as well as for her country with Forevermark jeweler and manufacturing partners. "It is thanks to the enduring desire for the diamond dream and the revenues Botswana has subsequ...Read More

Having recently completed a large facility management project for diamond processing organisation the Diamond Trading Company (DTC) in Gaborone, Botswana, industrial rope-access specialist Skyriders has found a faster, more efficient way of conducting maintenance on site through rope access.The project, which was completed this month for DTC at its head offices, involved sorting out defective ligh...Read More

Signet Jewelers, one of the United States' leading retailers of diamond jewelry, filed its sixth consecutive Conflict Minerals Report with the U.S. Securities and Exchange Commission (SEC). Signet disclosed that its supply sources of gold from the Democratic Republic of The Congo (DRC) were guaranteed to be conflict free. The firm also reported it had "extended its 3TG diligence and reporting...Read More

Australia-based Lucapa Diamond Company has launched a $3.3.-million, 12-month exploration programme to locate the kimberlite source of the high-value alluvial diamonds that it currently mines at the Lulo mine, in Angola.The programme is based on a technical review of Lulo kimberlite exploration results to date, including those of the 2018 drilling programme, which confirmed a further 70 kimberlite...Read More

Alkane maps own path to world-class critical metals producerSPONSOREDalkane resourcesThe court will determine whether to allow a referendum to ask the question, "are you in agreement with mining exploitation in the territories of the communities in the parishes of Lita, Carolina,Read More

Altech ticks boxes on path to production SPONSOREDaltech chemicalsThe major, which has been previously criticised by sections of the Australian resources sector for the paucity of information provided about Winu, revealed details from 11 diamond core drill holes.Read More

It has been one disappointment after another in the world of trade and economic data - now the IMF has cut its 2019 economic growth forecast for China to 6.2%, while the US and Mexico failed to reach a trade deal that would have averted tariffs. The only relief is coming in the form of potential for easier monetary policy, makes for a gloomy outlook.The outlook could be saved if a t...Read More

Altech ticks boxes on path to production SPONSOREDaltech chemicalsToronto-listed Lundin agreed to invest A$4.3 million in PolarX this week for 14.Read More

Lithium's next generationSPONSOREDneo lithiumHot Chili secures copper 'super hub' SPONSOREDhot chili limitedVimy ready for move to higher uranium groundSPONSOREDvimy resourcesFinally, a changed mining tech M&A landscapeSPONSOREDatricoThe company unveiled a positive preliminary economic assessment for its Vizcachitas copper-molybdenum project yesterday, which considered an openpit m...Read More

Altech ticks boxes on path to production SPONSOREDaltech chemicalsHe believes the gold market is slowly coming back to life, with consensus opinion holding a bull run is in the offing.Read More

U.S. equity index futures were higher this morning. S&P 500 futures gained 8 points in pre-opening trade.European Central Bank maintained overnight lending rates Index futures were virtually unchanged following release of economic news at 8:30 AM EDT. Consensus for Weekly Jobless Claims was unchanged from the previous week at 215,000. Actual was 218,000. Second estimate of first quarter real P...Read More