RAPAPORT... De Beers increased prices of certain lower-value rough diamonds at its November sight as US consumer demand strengthened ahead of the holidays.Prices in the cheapest categories rose by low-single-digit percentages, customers told Rapaport News. This included stones under 0.75 carats, as well as items in piqu?(C) and other lower-quality categories. De Beers declined to comment.Whil...Read More

Kinross said in its September quarter results the mill was ramping up and was expected to reach pre-fire throughput levels in December, with Q4 production from the asset forecast at 15,000 goldRead More

RAPAPORT... Alrosa has raised its production plan for this year amid buoyant rough demand and a tight supply situation.The miner will recover around 32.5 million carats in 2021, compared with a previous outlook of 31.5 million carats, it said Thursday in its quarterly earnings report. The increase had been under consideration since earlier this year, as rough sales have soared and inventories...Read More

RAPAPORT... A collection of Romanov jewels smuggled out of Russia for safekeeping during the 1917 revolution has smashed its high estimate at a recent Sotheby's Geneva sale.The set, which includes a 26.80-carat Ceylon sapphire and diamond brooch and a pair of earrings with step-cut sapphires weighing 6.69 and 9.36 carats, went for $884,972 at Wednesday's Magnificent Jewels and Noble Jewels sale, S...Read More

New life for one of New Zealand's oldest gold minesSPONSOREDoceanagoldPolarX finds extra copper potential in AlaskaSPONSOREDpolarxAzure eyes province potential ahead of Andover resourceSPONSOREDazure mineralsAmerican Pacific building US copper positionSPONSOREDamerican pacific miningAt the COP26 conference in Glasgow, in the past week, Australian prime minister Scott Morrison outlined a techno...Read More

(IDEX Online) - Tributes have been paid Helene Fortunoff, who built a houseware business into a multi-million dollar jewelry empire.  She has died aged 88.She established the fine jewelry division of Fortunoff in 1957 with her first husband Alan Fortunoff, building up a network of stores with flagship on Fifth Avenue. She was highly respected as leader in jewelry merchandising and design.She...Read More

Europe's biggest copper producer, Aurubis, has approved the planned construction of a secondary smelter in the US state of Georgia to tap into the availability of recycling materials and lower electricity costs in the country, the company said on Wednesday November 10.When fully operational, the plant could process as much as 90,000 tonnes per year of complex scrap, including circuit boards and co...Read More

(IDEX Online) - A 1957 Omega watch shattered all expectations when it sold for $3.4m - 30 times its high estimate.The stainless steel Speedmaster Broad Arrow Ref. 2915-1 (pictured) with chocolate brown "tropical" dial became the most expensive Omega ever sold at auction.It broke a record set  Elvis Presley's Tiffany-signed Omega, a gift from RCA Records in 1960, which sold for $1.8 milli...Read More

The volume of copper held outside London Metal Exchange-listed warehouses plunged by 56% in September, with inventories of most base metals falling during that month, according to the LME's latest off-warrant stock report.The total amount of metal held outside of LME sheds was down for a second consecutive month to 673,599 tonnes. This was a year-to-date low and was down by 17% from 813,916 tonnes...Read More

(IDEX Online) - A Cartier aquamarine and diamond brooch that belonged to Princess Margaret is expected to sell for $54,000 to $68,000 at auction.Queen Elizabeth's younger sister received it as 17th birthday gift from her mother, ahead of her first foreign trip, to South Africa.The Art Deco-style oval hoop is set with circular-cut aquamarines, each shoulder with hexagonal-cut aquamarine highli...Read More

China's output and sales of automobiles continued their year-on-year decline in October due to the continuing semiconductor chip shortage, the China Association of Automobile Manufacturers (CAAM) said in its monthly report published on Wednesday November 10.Automobile output and sales in the country dropped by 8.8% and 9.4% year on year respectively, both to 2.33 million units in October, CAAM dat...Read More

Johnson Matthey (JM) is pursuing the sale of all or parts of its battery materials division following a detailed review.This reflects the high capital intensity of those operations in the face of competition from more established large-scale, low-cost producers, the UK-based specialty chemical and sustainable technologies company said in a press release on Thursday November 11.Growth in demand for...Read More

Prices for hot-rolled coil in the United States rose slightly, but remained among the lowest level in months, with market sentiment still primarily bearish.Fastmarkets' daily steel hot-rolled coil index, fob mill US was calculated at $92.50 per hundredweight ($1,850 per short ton) on Thursday November 11, up slightly from $92.33 per cwt on Wednesday and down by 1.94% from $94.33 per cwt on Novembe...Read More

Prices for flat steel imported to the United States diverged on Wednesday November 10, with hot-rolled coil and hot-dipped galvanized prices falling while cold-rolled coil prices increased.This comes when domestic prices in the US have generally begun to level off. Fastmarkets' assessment for steel hot-rolled coil, import, ddp Houston was $1,440-1,510 per short ton ($72.00-75.50 per hundredwe...Read More

The capacity expansion at ArcelorMittal Brasil's Monlevade unit will serve either the domestic or export markets with high-quality special steel products, chief executive officer Jefferson De Paula told Fastmarkets on Thursday November 11.In addition to steel cord, the plant makes special bar quality (SBQ) products, springs and other material, mainly focused on the automotive industry. Strong dema...Read More

PolarX finds extra copper potential in AlaskaSPONSOREDpolarxNew life for one of New Zealand's oldest gold minesSPONSOREDoceanagoldAzure eyes province potential ahead of Andover resourceSPONSOREDazure mineralsAmerican Pacific building US copper positionSPONSOREDamerican pacific miningThe CRDN commissioned an in-depth indigenous rights and knowledge study (IRKS) focusing on the Patterson Lake Ar...Read More

Steel billet prices to Egypt declined in the week to Thursday November 11, with demand from the private sector remaining weak, while government-funded projects continued, sources told Fastmarkets.Local rebar prices in Egypt have been unchanged since October 28 at E ?14,900-15,350 ($946-975) per tonne ex-works, including 14% VAT. ...Read More

PolarX finds extra copper potential in AlaskaSPONSOREDpolarxNew life for one of New Zealand's oldest gold minesSPONSOREDoceanagoldAzure eyes province potential ahead of Andover resourceSPONSOREDazure mineralsAmerican Pacific building US copper positionSPONSOREDamerican pacific miningThe miner said Fundo Vale, its non-profit investment arm, would join the initiative with R5 million which would...Read More

Turkish rebar and wire rod export prices remained largely unchanged over the past week amid limited demand, market participants told Fastmarkets on Thursday November 11.Turkish steelmakers have been offering rebar for export at $740-745 per tonne fob on an actual-weight basis since last week, but market participants said the workable price was closer to $730 per tonne fob. Fastmarkets' weekly...Read More

PolarX finds extra copper potential in AlaskaSPONSOREDpolarxNew life for one of New Zealand's oldest gold minesSPONSOREDoceanagoldAzure eyes province potential ahead of Andover resourceSPONSOREDazure mineralsAmerican Pacific building US copper positionSPONSOREDamerican pacific miningThe pair said the alliance would deliver "a fully connected, automated, zero carbon emitting, end-to-end mining...Read More