RAPAPORT... Richline Group has promoted three team members to executivepositions in its jewelry division, following the appointment of Dave Meleski (pictured) as CEO. Bobby Kempler will take on the newly created role ofpresident of the jewelry segment, the Berkshire Hathaway-owned manufacturersaid last week. Kempler joined Richline in 2017 after its acquisition of SamuelAaron Group, of which...Read More
RAPAPORT... Pandora has opened a new manufacturing center in Bangkok, Thailand,aiming to speed up production and comply with consumers' sustainability demands. The facility, named Triple A, will produce more than 1.5million pieces of jewelry per week, and shorten production time to four weeksfrom the current five to eight weeks, Pandora said Friday. "We are very proud to celebrate the official ope...Read More
ASX-listed Lucapa Diamond Company and its partners Empresa Nacional de Diamantes (Endiama) and Rosas & Petalas have completed a further sale of 1 782 ct of alluvial diamonds from the Lulo project, in Angola.The parcel achieved gross sale proceeds of $2-million, or A$2.7-million, representing an average price of $1 150/ct, or A$1 530/ct.AdvertisementThe sale excluded a number of large white spe...Read More
(IDEX Online) - The Italian Exhibition Group (IEG) will be joining Emerald Expositions at The Las Vegas Convention Center for the launch of PREMIER in 2019. IEG is the organizer of approximately 60 events, including the VICENZORO shows, as well as pavilions at other US-based trade events, and it will showcase a significant pavilion of Italian Made jewelry from some of the most highly regar...Read More
The widely-anticipated third-quarter European ferro-chrome benchmark price reduction is likely to be smaller than early estimates, market sources say, amid rising spot prices in China and Europe. The ferro-chrome benchmark is negotiated quarterly by a leading South African ferro-chrome producer and a major stainless steel mill. The second-quarter price settled at $1.42 per lb and the third-quarter...Read More
(IDEX Online) - Belgium's Scientific and Technological Research Center for Diamonds (WTOCD) says that after more than 10 years of research it has succeeded in developing a technology that fully automates the polishing process. The WTOCD, the research center of the Antwerp World Diamond Centre (AWDC), said that, as a result, diamonds can be polished 10 to 20 times faster than by hand. A...Read More
(IDEX Online) - Sales of fine jewelry and fine watches rose by 9.5 percent in the U.S. market in April, when compared to the same month a year ago, as the graph below illustrates. Sales were an estimated $7.2 billion, according to preliminary data from the U.S. Commerce Department. Strong Start to 2018 Jewelry Sales American jewelry consumers appear to be in a stron...Read More
(IDEX Online) - Carats.io has announced that it has appointed former Israel Diamond Exchange and Israel Diamond Institute Managing Director Eli Avidar as president. Carats.io is an Israeli startup issuing the first cryptocurrency backed by diamonds, thereby establishing the first-ever financial market for diamonds. The company uses state-of-the-art Big Data and blockchain technologie...Read More
The Department of Water and Sanitation (DWS) and the Minerals Council South Africa (MCSA) have reached a significant milestone in a collaborative exercise on water conservation and water demand management aimed at driving water savings and usage improvements in the mining industry.The collaboration between the DWS and the MCSA has evolved over several years, with the most recent project being the...Read More
(IDEX Online) - Global jewelry trends expert Paola De Luca will give a presentation with PGI China at the June 21-24 Hong Kong Jewelry & Gem Fair about new consumers of platinum jewelry and emerging design trends. De Luca, a leading authority in jewelry design forecasting, will join PGI China at the show on June 21 in presenting her latest research into the types of new consumers who bu...Read More
Libero issued shares, worth about C$936,000 (US$710,000) comprising a 19% stake in the junior, and a 2% net smelter returns royalty to B2Gold for 100% of the project.Mocoa has an in-pit inferred resource of 636 million tonnes at 0.33% copper and 0.036% molybdenum, or 0.45% copper-equivalent, for 6.31Blb CuEq.Libero said Mocoa was near the Ecuador border and was discovered in 1973 when the United N...Read More
The latest news and price moves to start the Asian day on Tuesday June 19.Nickel prices on the London Metal Exchange fell on Monday June 18, closing below $15,000 per tonne for the first time since May 29, pressured by a strong dollar index and low trading volumes across the complex. Read more in our live futures report.Here are how prices looked at the close of trading:Common themes throughout th...Read More
Turkish scrap import prices were flat on Monday June 18 due to a silent market following Turkey's public holiday on Friday and before the election outcome at the end of the week.Some buyers could be waiting until the election outcome to get a better picture of current market conditions, Metal Bulletin was toldThe Turkish lira has continued to depreciate against the US dollar in...Read More
German steelmakers have settled their monthly scrap contracts for June, with a slight decrease up to ?,?5 ($6) per tonne, sources told Metal Bulletin.Metal Bulletin's June monthly price assessment for domestic grade-E3 scrap in Germany was ?,?280-295 ($325-342) per tonne delivered on June 18, compared to ?,?280-300 per tonne delivered in May."Supply and...Read More
Taiwan's ferrous scrap imports increased by 36% on the year in April, according to the territory's customs agency.Taiwan imported 290,009 tonnes of ferrous scrap during the month, 76,452 tonnes higher than the 213,557 tonnes it took in a year earlier, data from the Taiwanese Customs Administration showed.March's...Read More
Chile's antitrust regulator FNE has launched a probe into Tianqi's recent acquisition of a stake in Chemical and Mining Society (SQM), the world's second largest lithium producer, to determine the possible effects on the market.Chinese miner Tianqi Lithium, the Asian nation's largest producer of the white metal, purchase last month a 24% stake in Chile's SQM from Canada's Nutrien (TSX:NTR), furt...Read More
There is no doubt that gold traders and investors are still pondering the reasons for Friday's dramatic $25 decline. In fact, gold's pricing through the end of last week contained several interesting nuances that are typically not seen.On Thursday of last week, gold futures rose approximately five dollars per ounce. However, the net change brought about by buying and selling minus dollar strength...Read More
Three-month base metals prices on the London Metal Exchange were broadly down during Asian morning trading on Monday June 18, with a stronger dollar weighing on the complex.The copper price at $6,994 per tonne as at 4.16am London time, is down $26 per tonne from last Friday's close, with around 560 lots traded on Select so far.Elsewhere in the complex, nickel also gave back some of the gains it ac...Read More
(Kitco News) - Gold prices are slightly higher in early-afternoon U.S. trading Monday. The market saw a tepid corrective and short-covering bounce after sharp losses suffered on Friday that saw the yellow metal hit a six-month low. There was also some risk aversion in the marketplace today that might also be giving gold some mild support. August Comex gold futures were last up $2.00 an ounce at $1...Read More
(Kitco News) - There is a silver lining to gold’s massive selloff Friday, which is that maybe the market has been shaken out of its doldrums, according to one currency analyst.In a report released over the weekend, John Kicklighter, chief currency strategist noted that before gold’s nearly 2% drop Friday, activity in the metal was hovering at its lowest point since 2000. Looking forwar...Read More