(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

Here are five Fastmarkets stories you might have missed on Monday April 12 that are worth another look.Tata Steel has introduced carbon surcharges on steel products manufactured in Europe to balance the rising cost of such emissions, the company's spokesman told Fastmarkets on April 12.Rio Tinto and Turquoise Hill...Read More

NextSource Materials, a battery materials development company in which Sir Mick Davis' Vision Blue Resources is an investor, said it has entered into a partnership with two companies within the Tesla supply chain.Toronto, Canada-based NextSource, which is developing the Molo graphite mine, added that it has finalized a binding agreement to construct and operate a battery anode facility to produce...Read More

Jack ChanPosted Apr 12, 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.Gold is bounci...Read More

The three-month nickel price was down by the greatest percentage on the London Metal Exchange at the close on Monday April 12, with Chinese warnings of higher prices over the weekend driving the entire complex down as well. The stainless steel additive was down to $16,134 per tonne on Monday, its lowest in two weeks, following a 1.2% drop on Friday to $16,628 per tonne. Nickel, along with the rest...Read More

Here are five Fastmarkets stories you might have missed on Monday April 12 that are worth another look.Tata Steel has introduced carbon surcharges on steel products manufactured in Europe to balance the rising cost of such emissions, the company's spokesman told Fastmarkets on April 12.Rio Tinto and Turquoise Hill...Read More

"Comments from Chinese Premier Li Keqiang weighed on markets as it is the second time in just a few days top officials talk about cost controls after last year's surge in commodity prices," Marex Spectron's Anna Stablum said.Nickel closed down almost 3% on the London Metal Exchange and copper was down 0.79% to US$8,864.25 per tonne.Gold has ranged from about $1,684 to $1,756 an ounce over the past...Read More

National Iranian Copper Industries Co's (NICIC) three copper-related projects will come online this year to produce an extra 400,000 tonnes of copper concentrate, according to local media reports. That could bring in an estimate revenue of $800 million to the company, which was established by the Iranian state and was subsequently privatized, according to a Tehran Times report on April 6 that cite...Read More

Seaborne low and high-grade manganese ore prices continued to fall in the week to Friday April 9 while market activity was light and sentiment continued to drop concurrent with pricing expectations among participants from both sell and buy sides failing to approach portside prices levels.Fastmarkets' manganese ore index, 37% Mn, cif Tianjin was calculated at $4.49 per dmtu on Friday April 9, down...Read More