RAPAPORT... De Beers has pledged to donate GBP 10,000 ($13,641) to support skills development for a jewelry-design student in one of the four countries in which it operates.The Provenance Award, part of the De Beers Group Designers Initiative, will go to an up-and-coming designer in Botswana, Canada, Namibia or South Africa, the miner said Tuesday.The company will announce the winner at its Shinin...Read More
Access our research platformsSign-in to our platforms to access our extensive research, our latest insight, data and analytics and to connect to our industry experts.Wood Mackenzie’s latest outlook report shows that the art of balancing oil markets and the refining sector in 2021 hinges upon three key themes – OPEC+ production, Covid-19 developments, and the energy transition.Following...Read More
Access our research platformsSign-in to our platforms to access our extensive research, our latest insight, data and analytics and to connect to our industry experts.On Friday 15th February 2019, Vale announced there was a fire affecting a conveyor belt system at its distribution centre in Malaysia. Vale anticipate this will result in a 10 to 15 day halt in operations and note that a planned 10 da...Read More
RAPAPORT... Most US jewelers have recorded sales growth since stores reopened, supported by a shift toward digital business and strong engagement-ring demand, according to a study into the pandemic's impact on the market.One-third of retailers said post-lockdown sales had been slightly higher than a year earlier, while a further 21% reported a "significant surge," a survey found. Some 27% exp...Read More
After rising steadily since mid-October 2020, most stainless steel scrap prices in the United States held steady or inched lower over the past week, while dealers said sales negotiations with consumers for the month of February were under way."With steel prices dropping and nickel slipping today, I would assume stainless is giving back recent gains with interest this week," one dealer said.The&nbs...Read More
Access our research platformsSign-in to our platforms to access our extensive research, our latest insight, data and analytics and to connect to our industry experts.The New York Harbor Product Storage report is the first of its kind and relies on the same highly calibrated infrared camera, aerial diagnostic and proprietary technologies we use to measure and deliver our industry standard Cush...Read More
RAPAPORT... Helzberg Diamonds has teamed up with celebrity designer Jenny Packham to create a colorless lab-grown diamond bridal collection, which it claims is the first in the jewelry industry.The 12-piece line, which contains both engagement rings and wedding bands, is available online and at a selection of Helzberg stores, the Berkshire Hathaway-owned jeweler said Tuesday. Prices begin at $700...Read More
(IDEX Online) - US jeweler Helzberg is expanding its own-brand offering, with a new range of a dozen lab-grown diamond engagement rings.It's been selling other brands of bridal and other lab-grown jewelry since 2017.But it has now partnered with Jenny Packham, a favorite designer of the British Royal Family, who has created a dozen platinum rings with colorless lab-grown diamonds.Helzberg say...Read More
RAPAPORT... De Beers' rough-diamond sales soared to $650 million in January, its highest for any month since 2018, as manufacturers replenished inventory following the holiday season.The total was 18% more than the $551 million the miner garnered a year earlier, and 44% above the $452 million it reported in December, De Beers said Wednesday. This was despite the company implementing a sharp i...Read More
Access our research platformsSign-in to our platforms to access our extensive research, our latest insight, data and analytics and to connect to our industry experts.Rising stocks of concentrate, high treatment charges and difficulties in selling less desirable qualities of concentrate was expected to result in mine production losses over the next few years. But coronavirus has changed this dynami...Read More
Access our research platformsSign-in to our platforms to access our extensive research, our latest insight, data and analytics and to connect to our industry experts.Different markets, different cycles. Mining companies suffered for their sins in the downturn a little earlier than the oil and gas sector. Now they are emerging into a new upturn, also ahead of the game. What challenges do...Read More
(IDEX Online) - Junior miner Diamcor says it has resumed operations at Krone-Endora mine, in South Africa, after almost a year of Covid-enforced closure.The Canadian company has delivered 4,174 carats of rough diamonds for tender and sale since December. The mine had been closed since March because of the pandemic.It acquired the deposit at Venetia Project from De Beers in February 2011, and...Read More
Mining revenues soared in Brazil during 2020 despite the Covid-19 pandemic, led mainly by higher iron ore prices and an increase in total production, Brazilian mining institute lbram said on Tuesday February 2.Revenues totaled 209 billion Reais ($38.7 billion) for the mining industry last year, up by 36% from 153 billion Reais in 2019, lbram reported. Iron ore contributed the most to that number,...Read More
(IDEX Online) - Botswana is increasing its value-added tax to boost revenue after a disastrous year for diamonds and other minerals.The country relies on mining for 80 per cent of its foreign earnings and has been badly hit by the global pandemic.Finance minister Thapelo Matsheka announced a VAT increase from 12 per cent to 14 per cent when he presented his annual budget on Monday, the first time...Read More
A summary of London Metal Exchange warrant premiums from across the globe for the week to Wednesday February 3.Please click...Read More
(IDEX Online) - A young Indian jeweler has smashed the Guinness World Record for the most diamonds set in one ring - a dazzling 12,638.Harshit Bansal, 25, took the title from another Indian jeweler, Kotti Srikanth, whose 7,801-diamond ring was officially recognized in September 2020.Harshit, founder of Renani Jewels in Meerut, said he was inspired to set a new record while studying jewelry design...Read More
(IDEX Online) - De Beers today reported $650m of rough sales at its first sight of 2021 - the highest figure for three years.It reflects a need for the midstream to restock, coupled with a more flexible approach by the miner and a sight that was extended beyond its normal week because of ongoing travel restrictions.The provisional $650m figure is the highest since January 2018, when actual sales f...Read More
Zinc's price was nearly 2% higher on the London Metal Exchange with dip-buying having started and futures prices edging upward on Wednesday February 3, following two days of decreases, with the easing of the Dollar Index helping to support metal prices.Zinc's three-month price closed 1.8% higher at $2,615 per tonne on Wednesday at 5pm, the first time it has closed above the $2,600 per tonne mark s...Read More
Rio Tinto has launched Start, the equivalent of a nutrition label for responsible aluminium, while the company continues its push to increase transparency and traceability in the industry.Using blockchain technology, Start will give customers a digital sustainability label containing key information about the site where the aluminium was produced.It will cover ten criteria: carbon footprint, water...Read More
The prices of all base metals, with the exception of zinc, on the London Metal Exchange eased on Wednesday February 3, with the rising dollar index continuing to cap futures prices on the exchange. Zinc's three-month price was the only one to see a small rise on Wednesday morning to $2,581.50 per tonne from Tuesday's 5pm closing price of $2,569.50 per tonne. Nevertheless, the galvanizing metal's...Read More