RAPAPORT... Tse Sui Luen (TSL) plans to open 100 stores in mainland China overthe next two years, after witnessing solid growth in the region over the pastfiscal year. The jewelry retailer intends to focus more on shopping-malllocations rather than department stores, it said last week. The move comes afterrevenue increased 21% to $527.2 million (HKD 4.14 billion) in the 13 monthsending March 31 co...Read More

RAPAPORT... The Kimberley Process (KP) discussed plans for a reformagenda at its intersessional meeting in Antwerp last week, includingbroadening its definition of conflict diamonds. "I believe the industry has expressed an unambiguous andclear position," acting president Stephane Fischler of the World DiamondCouncil (WDC) - the group that represents the interests of the globaldiamond industry wit...Read More

RAPAPORT... Michael Hill will close all 30 Emma & Roe stores as itredeploys funds and resources to its core business, it said last week. The Australia-based retailer had initially planned to shut only24 of its 30 Emma & Roe stores in Australia and New Zealand by June 30 dueto lackluster sales. "Following a strategic review, we have decided that asingular focus on the Michael Hill brand wi...Read More

RAPAPORT... Sarin Bachmann will run the JCK and Luxury trade fairs inLas Vegas from next year, succeeding Katie Dominesey, the events' organizerssaid. Reed Jewelry Group has promoted Bachmann (pictured) toevent vice president for the two exhibitions, the company reported lastweek. Bachmann has been industry vice president for the Luxury show for thepast three years, and will continue to oversee th...Read More

Emirates Global Aluminium (EGA) received its first bauxite shipment from Compagnie des Bauxites de Guin?(C)e (CBG) on Sunday June 24 in preparation for the commissioning of its Al Taweelah alumina refinery in Abu Dhabi. Al Taweelah will produce its first alumina in the first half of 2019. At full capacity, the refinery will receive 5 million tonnes per year of bauxite from CBG. EGA has the capacit...Read More

22 June 2018 - In Q1 2018, sales of jewelry with polished diamonds in the main global consumer markets have grown by 7% as compared to the last year. This is evidenced by the analysis conducted by ALROSA experts based on the data of retailers and the states' national statistics. According to ALROSA's estimates, positive market dynamics was mostly driven by consumer interest growth and changed curr...Read More

RAPAPORT... Diamond-jewelry sales grew 7% in the main retail marketsduring the first quarter amid strong consumer sentiment and beneficial fluctuationsin exchange rates, according to Alrosa.Revenues increased 5% year on year in the US and Canada, thelargest consumer market, the Russian miner said Friday. Sales in theAsia-Pacific region jumped 11%, with strong growth in mainland China, Hong Kongand...Read More

The arbitrage for copper, aluminium, zinc and nickel imported into China on Monday June 25*Copper -$105.31 (-689.75 yuan) Aluminium -$516.31 (-3,381.81 yuan) Zinc -$3.92 (-25.67 yuan) Nickel -$271.77 (-1,780.08 yuan) *Metal Bulletin calculates the physical arbitrage for import into China...Read More

Aim-listed BlueRock Diamonds has resumed production at its Kareevlei mine, in Kimberley.The company had reported earlier this month that a fault had been identified in the cone crusher within the crushing circuit at the mine, which was negatively affecting throughput.AdvertisementWhile the fault on the crusher is being assessed, the company has reached an agreement on rental terms for a replacemen...Read More

(IDEX Online) - During the Intersessional Meeting of the Kimberley Process which took place from 18 to 22 June in Antwerp, the Central African Republic made substantial progress with the European Union Chair Hilde Hardeman and South Africa, Chair of the Working Group of the Monitoring Team, the CAR said in a statement. Notably, the Monitoring Team of the Central African Republic has agreed on sho...Read More

The latest news and price moves to start the Asian day on Tuesday June 26.Nickel prices fell by more than 3% at the close of trading on the London Metal Exchange on Monday June 25 while other base metals prices also slumped. Read more in our live futures report.Here are how prices looked at the close of trading:The London Metal Exchange will introduce three regional hot-rolled coil contracts...Read More

(IDEX Online) - ALROSA has launched a collection of 32 round diamonds weighing 0.3 carats each named after the countries participating in the World Cup. All the diamonds are high quality, D to F color and VVS2 to IF clarity, mined in Russia and cut by ALROSA's subdivision, DIAMONDS ALROSA "in keeping with the best traditions of the world-famous Russian cut". The diamonds are being offer...Read More

(IDEX Online) - In Q1 2018, sales of jewelry set with polished diamonds in the main global consumer markets grew by 7% on the year, according to an analysis conducted by ALROSA based on the data of retailers and the states' national statistics. ALROSA said the results were driven by positive market dynamics on rising consumer interest and currency exchange rates fluctuations. Sales of diamo...Read More

(IDEX Online) - From June 19 to 22, Antwerp was the host city for the Kimberley Process (KP) Intersessional meeting. This year, the European Union occupied the KP Chair.  The global diamond community - consisting of diamond-producing and trading countries, the diamond industry and civil society - gathered together to assess the current state of affairs and look forward to the future of the K...Read More

(IDEX Online) - ALROSA's management has decided to revise its output plan at its International underground mine as the company toughens its approach to health and safety management, though the 2018 production plan remains unchanged, it said.  The results of the audit conducted following the Mir mine accident last year led to a revision of the construction project for the International mi...Read More

Coated coil prices in Turkey continued to rise this week due to increasing hot-rolled coil prices and the expectation of less uncertainty in the local market after elections on June 24.One northern producer in Turkey increased its coated coil prices by $10-15 per tonne effective from Monday, June 25. The producer is now offering 0.50mm hot-dipped galvanized coil (HDG) at $775 per tonne ex-wor...Read More

CIS export billet prices have not seen any drastic changes over the week ending Monday June 25, with buying sluggish over the weekend while the market waits for buying activity to recover.Some participants from the Middle East and Africa returned to the market by the middle of last week after the Eid-al Fitr celebration, marking the end of Islamic holy month of Ramadan, while some are returning to...Read More

Global crude steel production rose 6.6% year on year in May 2018, partly due to an increase in China, according to statistics published by the World Steel Association (Worldsteel) on Monday June 25. World crude steel output was 154.86 million tonnes in May this year, compared with 145.24 million tonnes in the corresponding month of 2017. China, the world's largest steelmaking country, increased it...Read More

Liberty House aims to make "more than $5 billion in investments over the next few years" across the United States and Canada following the restart of its rod mill in Georgetown, South Carolina, on Monday June 25."Of this [$5 billion] total, $1 billion is expected to be invested during the coming year to acquire and develop steel, aluminium, engineering, mining, energy generation, and financial ser...Read More

The latest bids, offers and deals in the global markets for hot-rolled coil, cold-rolled coil, hot-dipped galvanized coil, pre-painted galvanized iron, steel plate, steel sheet and other flat steel products. Latest transactions: HDG, PPGIHot-dipped galvanized coil Turkey, domestic, hot-dipped galvanized coil (0.50mm), offered...Read More