The latest forecasts from Fastmarkets' team of analysts is ready to view.With nickel prices down by almost 20% over the space of around ten days during late February and early March, one might have been expecting us to be reporting sharply-lower prices of stainless steel, at least for the most common nickel-containing grades of stainless steel.This is not the case, at least in Europe and the Unite...Read More

The latest forecasts from Fastmarkets' team of analysts is ready to view.We spoke in our previous tracker of stainless steel prices ending 2020 on a high. That trend has continued during early 2021 and, in fact, the upward rally in prices has increased its momentum.Compared with the monthly price increase of some 5% seen at the end of 2020, prices for grade-304 stainless steel in al...Read More

The latest forecasts from Fastmarkets' team of analysts is ready to view.Prices of stainless steel are generally set to reach highs for the year as 2020 comes to a close. For the most common nickel-containing grades of stainless steel, this upward trend is being driven above all by rising nickel prices, which themselves are hitting relatively high levels into the end of 2020.The price increases si...Read More

The latest forecasts from Fastmarkets' team of analysts is ready to view.While much commentary has been written about Asian economies performing far better than those elsewhere this year during the global Covid-19 pandemic, it is stainless steel markets in Europe and the United States that are ending the year in better shape than their Asian counterparts.We do not talk of demand levels or demand g...Read More

RAPAPORT... Gemfields brought in $58.9 million at its first auction of rough rubies in more than a year, expressing optimism as operations at its Mozambique mine gradually resumed.The miner held seven small sales of high-, medium- and commercial-quality goods between March 15 and April 8, noting on Thursday that its last ruby auction had been in December 2019. Viewings took place in Bang...Read More

RAPAPORT... The US government has placed sanctions on an important state-owned gemstone company in Myanmar, its latest attempt to deprive the military of funding.American businesses may no longer transact with Myanma Gems Enterprise (MGE), an entity "responsible for all gemstone activities" in the country, the US Treasury Department said Thursday. A subdivision of Myanmar's Ministry of Mines,...Read More

RAPAPORT... Pandora's revenue increased in the first quarter, even as more than one-third of its stores remain shut due to Covid-19 restrictions.The company's sales rose 13% on an organic basis to DKK 4.5 billion ($719.3 million) versus the same quarter in 2020, the jeweler said last week. Like-for-like sales grew 21% year on year. Sales for the three months ending March 31, 2020, were impacted by...Read More

RAPAPORT... Alrosa's sales grew last month as manufacturers continued to restock inventory amid rising consumer demand in the US and China."Jewelry sales results at key markets, including the US and China, indicate persistently high demand from end consumers," said Alrosa deputy CEO Evgeny Agureev. "Alrosa retains its commitment to a prudent sales strategy, aimed at keeping the industry balance th...Read More

(IDEX Online) - Five banks and two diamond brokers in Italy are alleged to have made $590m by selling clients gems for investment at vastly-inflated prices, according to a Reuters report.Four of the banks - Banco BPM, Banca Aletti, UniCredit and Monte dei Paschi (MPS) - and one broker - IDB - are facing possible prosecution over the alleged fraudulent diamond sales, together with over 100 former e...Read More

(IDEX Online) - Alrosa announced total sales of $345m in March, down slightly on the previous month ($372m), but still in line with its expectations amid ongoing consumer demand.Revenues from rough and polished diamonds were more than double those of March 2020, when the global pandemic struck, and sales dipped to $153m.The Russian state-owned miner said stocks of polished diamonds stocks were at...Read More

(IDEX Online) - Virtual try-on of jewelry . . . the jewelry store as a shopping experience . . . less discounting of jewelry . . . these are a few of the ideas tossed out by the Wall Street Journal in a recent article called "A New Future for Retail After Covid." Actually, the article wasn't specifically addressed to jewelers; we added the word "jewelry" to the topics the newsp...Read More

Environmentalists and tribal leaders are fighting a plan by K2 Gold to sell its mining claims to a large corporation for development.Read full newsRead More

With gold's reputation as a store of value and recent gold-focused merger and acquisition activity, there is renewed investor interest in companies active in this exploration.Read full newsRead More

With gold's reputation as a store of value and recent gold-focused merger and acquisition activity, there is renewed investor interest in companies active in this exploration.Read full newsRead More

Right now is a great time to think about rebalancing one’s portfolio. We’ve had a pretty incredible run over this past year, and investors may be thinking about rotating some gains into sectors that have underperformed of late but are poised for long-term growth.These three picks are ones I’d certainly put in this category. For those seeking long-term gems at more affordable pric...Read More

Boosted by investors’ optimism over demand recovery and economic expansion, the S&P/TSX Composite Index was trading close to its record highs at the close of Friday. Meanwhile, the index is up 10.3% for this year. Amid the investors’ optimism, here are four Canadian momentum stocks that you can buy right now for higher gains. These stocks have outperformed the broader equity market...Read More

Stretched valuations of some top-rallying TSX stocks seem to have started to bother discerned investors. Even though broader markets have continued to soar recently, some Canadian names notably plunged last week. Does it make sense to bet on them after a weakness? Let’s see.FacedriveFacedrive (TSXV:FD) stock has had a massive plunge in the last few weeks. It is currently trading at $18.5 &md...Read More

While markets at large are lingering at all-time highs, some TSX stocks are still trading well below their fair values. Here are three Canadian stocks that offer significant growth potential for long-term investors.Chorus AviationChorus Aviation (TSX:CHR) stock has soared almost 25% so far this year and is still trading almost 50% lower to its last year’s high of $8.0.While almost the entire...Read More

You may be wondering why I said buy the dip for a stock like Enbridge (TSX:ENB)(NYSE:ENB), which is enjoying a recovery rally. This is a stock to buy and hold forever at the current price and even better in a dip. No stock can continue to grow forever. It goes through dips and rallies. The current topic that is moving the entire stock market is the state of the COVID-19 pandemic.What is...Read More

The TSX Index continues to hit new highs, but Canadian investors can still find deals in the market.Why Barrick Gold stock appears cheap right nowBarrick Gold (TSX:ABX)(NYSE:GOLD) traded for $40 per share last summer when gold topped US$2,000 per ounce. At the time of writing, Barrick trades near $26 while gold sits close to US$1,750.The pullback in the price of gold coincided with a sell-off in U...Read More