RAPAPORT... Lucara Diamond Corp. saw sales and profit recover in the first three months of 2021 as demand improved and a supply deal with a Belgian manufacturer bore fruit.Revenue jumped 56% year on year to $53.1 million for the period, the miner reported Thursday. Net profit stood at $3.4 million, compared with a loss of $3.2 million a year earlier."Lucara has bounced back in the first quart...Read More

RAPAPORT... Leading trade organizations have lashed out at Pandora's recent statements about lab-grown stones, claiming the retailer misrepresented natural diamonds and caused harm to the industry.Pandora announced it would no longer sell mined diamonds and would instead stock synthetics, linking the decision to its environmental goals. The launch of a lab-grown line will help "tran...Read More

RAPAPORT... A heart-shaped diamond ring was the top seller at a recent online sale by Heritage Auctions, while a Tiffany & Co. brooch sparked a heated bidding war.The 3.55-carat, D-color, internally flawless, type IIa diamond garnered $112,500 at the May 3 Spring Fine Jewelry auction, which saw participation from nearly 900 bidders, the Dallas, Texas-based auction house said last week. A marqu...Read More

RAPAPORT... The Responsible Jewellery Council (RJC) has elected eight trade members to lead forums representing different parts of the supply chain.The group chose the new forum representatives at its virtual annual general meeting (AGM) on May 5, the RJC said last week. They will work closely with RJC executive director Iris Van Der Veken to expand responsible practices across the global jewelry...Read More

RAPAPORT... Jewelry sales in the US more than tripled in April as consumers anticipated a return to gatherings and events, according to Mastercard SpendingPulse.Sales in the category increased 255% year on year during the month, benefiting from a strong base comparison with April of last year when the Covid-19 pandemic forced many US stores to close, Mastercard said last week. Government stimulus...Read More

(IDEX Online) - Industry leaders have reacted angrily to Pandora's claim that lab-grown diamonds are ethically preferable to mined gems.The Danish jeweler announced last Tuesday that it would source only lab-grown stones and that it was launching its first range of jewelry featuring "sustainably lab created diamonds".An alliance of industry bodies is now calling on Pandora to withdraw its "fa...Read More

(IDEX Online) - The largest diamond ever cut in Russia is expected to fetch up to $20m at auction on Wednesday.The 100.94 carat emerald cut diamond, called the Alrosa Spectacle, has been graded by GIA as Type IIa, D color, IF.It was cut from a 207.29-carat rough stone unearthed in 2016 at the Zarnitsa kimberlite pipe in the Sakha Republic (Yakutia) - Russia's first ever diamond mine. The...Read More

RBC Capital Stick to Their Hold Rating for Eldorado Gold CorpRead full newsRead More

Fremont project has a resource of 9.36 million tonnes grading 1.71 grams gold per tonne for 515,000 oz. of gold.Read full newsRead More

Copper is on a roll right now. Indeed, soaring copper prices align with the market’s expectation of growth in the near future.Copper is one of those base metals that is highly correlated to expectations of economic growth. Accordingly, as recovery measures, vaccine drives, and climate pledges continue to strengthen this economic outlook, copper has taken off.With copper now trading arou...Read More

Gold has traditionally been a key hedge against market uncertainty. With valuations where they are today, hedging at least a portion of one’s portfolio certainly seems like a prudent idea.This safe haven is often looked to as a hedge due to its negative correlation to overall markets. However, gold has surprisingly underperformed my expectations of late. Accordingly, there are some concerns...Read More

The broader market is continuing to reach new record highs in May. The TSX Composite Index settled at 19,472 on Friday — its all-time closing high. While some of the Canadian tech stocks have seen a correction in May so far, most energy and mining stocks continue to gain amid the ongoing market rally.Let’s take a closer look at three of such soaring mining stocks that are leading the m...Read More

The Canadian equity markets continued their uptrend, with the S&P/TSX Composite Index rising 1.9% last week. The decline in bond yields, improvement in commodity prices, and the expectation of improvement in corporate earnings have driven the index higher. Meanwhile, these three Canadian stocks outperformed the broader equity markets last week by rising over 10%. Let’s assess whether the...Read More

May 10, 2021 Guest(s): George Milling-Stanley State Street Global Advisors The state of Arkansas has recently signed legislation that removes sales taxes on gold, silver, platinum, and palladium bullion and coins. The move has been lauded as making it easier to use these coins as money in the state. "Including Arkansas, 40 U.S. states now fully or partially exempt gold and silver from the sales...Read More

Here are five Fastmarkets stories you might have missed on Monday May 10 that are worth another look.European buyers have purchased substantial volumes of cold-rolled coil from China for the first time in about five years, despite the product being subject to anti-dumping tariffs, sources told Fastmarkets on May 10.Consuming...Read More

Nickel's price on the London Metal Exchange was down by 2% on Monday May 10 and back to levels seen one week earlier, with base-metals prices across the board lower following an extended bullish period during which copper, aluminium and zinc reached new highs.The three-month nickel price was the most strongly affected by profit-taking on Monday, and was last seen at $17,705 per tonne, down from Fr...Read More

Jack ChanPosted May 10, 2021Gold sector as represented by $HUI is on a long-term BUY signal.Long-term signals can last for months and are more suitable for investors.Short-term is on BUY signal.Short-term signals can last for days and weeks and are more suitable for traders. COT data is supportive for overall higher gold prices.COT data is supportive for overall higher silver prices. Our ratio is...Read More

The MySteel 62% Australian fines price rose about 3% to a new high of US$207.50 per tonne, while the Fastmarkets price rose 8.6% to $US230.56 a tonne.Copper reached a fresh high intraday of $10,747.50/t on the London Metal Exchange but closed down 0.4% to $10,378.75/t."The major driver of the moves [in the base metals complex] in the past fortnight has been fresh money inflows largely driven by in...Read More

The company's US advisory group recommended the decision following a three-day workshop, suggesting the plans advanced under recently departed managing director Michael Schlumpberger, under anRead More

May 10, 2021 Guest(s): Nouriel Roubini CEO, Roubini Macro Associates Valuations in risk assets continue to climb, which only strengthens the argument for rotating capital into defensive assets, such as gold, ahead of a potential market correction, said economist Nouriel Roubini, CEO of Roubini Macro Associate and professor at the NYU Stern School of Business.Roubini cited several potential trigg...Read More