RAPAPORT... Pandora's shares rose 12% after the company released preliminary results indicating it would meet its sales outlook for the year.The Danish jeweler expects same-store sales - at branches open for at least a year - to have fallen 4% in the fourth quarter of 2019 and 8% for the full year, it said Monday. The figures are in line with the forecast the company issued at the beginning o...Read More
PERTH (miningweekly.com) – Diamond miner Lucapa Diamond Company has reported record production for the three months to December, with 14 007 ct recovered during the quarter.The Mothae operation, in Lesotho, produced 9 837 ct during the quarter, while the Lulo mine, in Angola, produced a further 4 170 ct.AdvertisementLucapa on Monday said that the record results for the December quarter contr...Read More
(IDEX Online) - IDEX Online has launched the 2020 edition of its annual trade fair and guide.The guide provides details regarding a wide range of trade fairs taking place throughout the year. It also provides information relating to De Beers' Sight dates in 2020. Click here to see the 2020 issue of the Trade Fair Guide. Read More
(IDEX Online) - Tiffany & Co. recently unveiled its newly redesigned Shanghai flagship store. At 10,000 square feet, the store has doubled in size and is the largest Tiffany outlet in Asia. The two-story store also houses the Chinese Mainland's first Tiffany Blue Box Cafe, which is located on the upper level. It carries high jewelry designs, classic collections, fashion accessor...Read More
(IDEX Online) - Danish jewelry company Pandora has announced that it will meet its sales forecast for 2019. The company said that based on unaudited financial numbers, its fourth-quarter same-store sales are expected to be down 4 percent. For the full year, it expects to see a decline of 8 percent - in line with expectations. Organic growth is expected to be down 1 percent for Q4 and dow...Read More
RAPAPORT PRESS RELEASE (Revised), January 7, 2020, Las Vegas... Diamond market conditions improved in December as US and Chinese holiday demand helped raise sentiment. Polished prices stabilized and improved for sizes under 1 carat, supported by shortages of G+, VS2+ goods. High-end qualities (F+, VVS+) of 3 carats and larger diamonds remain weak. The RapNet Diamond Index (RAPI?,,?) for 1-car...Read More
(IDEX Online) - Diamond tender house Bonas will hold a gemstone tender viewing at the February Bangkok Gems & Jewellery Fair (BGJF) from February 25-27. The tender will feature 500 lots of colored gemstones. The lots will also be available for viewing in Hong Kong from March 1-4. Items on offer in the tender which is being organized with the support of the Asia Gem Center in Bangkok,...Read More
RAPAPORT... Output at Lucapa Diamond Company hit a record in the fourth quarter, leading to its strongest annual production, the miner said Monday.Production for the three months ending December 31 increased 72% year on year to 14,007 carats from the company's Lulo mine in Angola and Mothae mine in Lesotho. The record was buoyed by Mothae, with production from the deposit more than tripling c...Read More
The price of steel mesh-quality wire rod was unchanged week on week in Europe with activity still slow after the Christmas and New Year holiday period, Fastmarkets heard on Wednesday January 8.Fastmarkets' weekly price assessment for steel wire rod (mesh-quality), domestic, delivered Northern Europe was ?,?450-460 ($503-514) per tonne on Wednesday, unchanged from the previous week.Meanwhile, Fastm...Read More
The price of steel rebar in Europe was unchanged this week with the market beginning to emerge from the Christmas and New Year holiday period, Fastmarkets heard on Wednesday January 8.Market participants were keeping a close eye on ferrous scrap prices, which have been largely flat since mid-December, for clues about how rebar prices will move next.Yet some producers said that they were targeting...Read More
(IDEX Online) - The National Association of Jewelry Appraisers (NAJA) has updated and expanded its Appraisal Studies Course (ASC) in its latest online incarnation. The ASC course covers a wide range of subjects from appraisal theory and methodology to jewelry history. There is a quiz at the end of each lesson to check students' knowledge. There are also interactive sections within each l...Read More
RAPAPORT... De Beers and Dominion Diamond Mines have submitted paperwork indicating their desire to expand exploration at their current projects in Canada.In a December 31 permit request to Canada's Mackenzie Valley Land and Water Board, De Beers noted interest in exploring 11 new targets at the Gahcho Ku?(C) mine by the end of February.Of the 11 locations, three are currently ready for drill...Read More
The price of steel H-beams across Europe remained unchanged on Wednesday January 8 with a public holiday at the start of the week keeping trading activity low, sources told Fastmarkets.Fastmarkets' weekly price assessment for steel beams, domestic, delivered Northern Europe, was ?,?550-570 ($614-637) per tonne on January 8, unchanged week on week.Trading remained subdued this week, with January 6...Read More
(IDEX Online) - Dominion Diamond Mines and De Beers are both looking to expand their current projects in Canada. The two companies have submitted applications to the Mackenzie Valley Land and Water Board requesting permission to ramp up their exploration activities, according to nnsl.com. Dominion has requested a five-year license to explore the area around Glowworm Lake, which lies to the ea...Read More
Artemis all set thanks to unique approachSPONSOREDartemis resourcesThe Phoenix, Arizona-based company said the pregnant leach solution (PLS) grade was currently measuring 0.Read More
Artemis all set thanks to unique approachSPONSOREDartemis resourcesMining investment is forecast to continue rising to US$6.5 billion compared with $6 billion in 2019, which was mainly on copper development projects, principally the $5.3B Quellaveco, $1.3B Toromocho expansion and the $1.6B Mina Justa. Investment will start to tail off in 2021 as Quellaveco's construction nears its end following wh...Read More
Artemis all set thanks to unique approachSPONSOREDartemis resourcesEnami, Ecuador's state mineral company, and Codelco, Chile's state copper company, joint venture partners in the project, expect to formalise creation of a company to continue work on the project in the coming weeks, according to Ecuador's deputy mining minister Fernando Benalcázar. Enami will own 51% and Codelco 49% of the...Read More
Artemis all set thanks to unique approachSPONSOREDartemis resourcesCodelco said it sought to take advantage of historically low interest rates to raise $1 billion via a 10-year note at 3.175% as well another $1 billion via a 30-year note at 3.958%. The issues were 2.8-times oversubscribed."A favorable debt market, with base rates at historically low levels, makes it attractive to pre-finance the c...Read More
Revival takes staged approach to Beartrack-ArnettSPONSOREDSarama right in the middle of big exploration, corporate build-upSPONSOREDsarama resources Exore excels in Cote d'IvoireSPONSOREDexore resourcesArtemis all set thanks to unique approachSPONSOREDartemis resourcesEven at my advanced years and having stomped around more remote parts of the world than most, I am still amazed by the stoicism...Read More
Turkish deep-sea scrap import markets remained silent on Wednesday January 8, with mills still in negotiations for cargoes to be shipped in February, sources told Fastmarkets.Mills in Turkey have been mostly quiet in the deep-sea scrap import markets since the middle of December due to year-end holidays, but resumed their purchases at the end of the last week.They booked four deep-sea cargoes on J...Read More