RAPAPORT... A rare fancy-deep-grayish-blue diamond ring with a highestimate of $8 million is set to lead Sotheby's Magnificent Jewels sale in NewYork next month.The cushion-cut, 7.55-carat, type IIb, SI2-clarity stone,called the Indian Blue, is valued at $6 million to $8 million, and displays ared phosphorescence typically found in diamonds from the Golconda mine inIndia, or from South Africa...Read More
RAPAPORT... Few in the diamond industry were surprised by the news that Rosy Blue chief Dilip Mehta had launched an independentlab-grown business. It's been an open secret for months that majormanufacturers of natural diamonds have been exploring the sector, Rosy Bluebeing just one of them.A significant number of De Beers' approximately 80 sightholdersare already trading in synthetics or cons...Read More
RAPAPORT... The parent company of Bailey Banks & Biddle, whichclaims to be the US's oldest nationwide jeweler, has filed for Chapter 11bankruptcy in Texas, according to a court document. Houston-based BBB Group estimated both assets andliabilities of up to $50,000 in the November 6 voluntary petition. Joseph Trowbridge Bailey and Andrew Kitchen founded thecompany in 1832 as Bailey & Kitch...Read More
Seaborne iron ore prices rose above $80 per tonne cfr on Tuesday November 12 amid advances in the derivatives markets following news on production restrictions in China and Vale's lower sales target.Fastmarkets iron ore indices62% Fe fines, cfr Qingdao: $81.48 per tonne, up $2.50 per tonne.62% Fe Pilbara Blend fines, cfr Qingdao: $81.51 per tonne, up $2.50 per tonne.62% Fe low-alumina fines, cfr Q...Read More
(IDEX Online) - After taking in a billion dollars in just over a minute, this year's Singles Day has broken all records. The final total for the 24-hour shopping frenzy was $38.4 billion. This was an increase of 26 percent compared to 2018. "Today we showed the world what the future of consumption looks like for brands and consumers," said Fan Jiang, president of Taobao and Tmall. "...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.India's renewables target of 175 GW capacity (100 GW of solar and 75 GW of wind) by 2022 is an ambitious endeavour. Even with significant cost declines, Wood Mackenzie expects about 76% of the target to be met by 2022 and this would s...Read More
The latest bids, offers and deals in the global markets for iron ore, pig iron, direct-reduced iron and other steelmaking raw materials. Latest transaction: iron oreIron oreVale, Beijing Iron Ore Trading Center (Corex), 80,000 tonnes of 65% Fe Iron Ore Carajas, traded at $92.30 per tonne cfr China, bill of lading November 7.Vale, Global Ore, 170,000 tonnes...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.Comstock Resources today tightened its grip on the Haynesville basin with a US$2.2 billion cash-and-stock deal to buy privately-held Covey Park.Robert Clarke, director, US Lower 48, at global natural resources consultancy Wood Mackenz...Read More
(IDEX Online) - The World Gold Council (WGC) today launched its new consumer research report. The report, which surveyed 18,000 respondents in China, India, North America, Germany and Russia highlights insights into attitudes towards and perceptions of gold, how and why people buy gold and also their reasons for not buying.The survey found that 56 percent of consumers have bought find gold jewelry...Read More
KIMBERLEY, South Africa (Reuters) – The first South African project to bring illegal miners into the formal fold has been plagued by violence in diamond capital Kimberley, dealing a major blow to national efforts to stem a booming illicit trade.The project was launched 18 months ago in Kimberley, the site of a nineteenth-century diamond rush that lured fortune-seekers from the world over. Mi...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.Perhaps a false sense of security had crept in. Plentiful oil supply, carefully stewarded in 2019 by OPEC+ to get the market closer to balance, and moderate prices. Rising geopolitical tension,even around Iran, seemed a nebulous...Read More
Seaborne coking coal prices remain steady, with Chinese participants expected to move to the sidelines of the market, sources told Fastmarkets on Tuesday November 12.Fastmarkets indicesPremium hard coking coal, fob DBCT: $134.16 per tonne, down $0.61 per tonnePremium hard coking coal, cfr Jingtang: $145.35 per tonne, up $0.33 per tonneHard coking coal, fob DBCT: $121.70 per tonne, unchangedHard co...Read More
(IDEX Online) - Following recommendations from the IDF Home Front Command, the Israel Diamond Exchange (IDE) in Ramat Gan has advised people not to come to the exchange. The IDE said in a post on its Facebook page that because of threats due to the current security situation, the buildings would only be open in a limited capacity.The Home Front Command has ordered all schools and non-essentia...Read More
Brazil's Vale expects to produce 70-75 million tonnes of iron ore fines and pellets in the first three months of 2020, compared with 72.9 million tonnes in the same quarter of this year.The outlook is based on seasonality, the gradual and safe return of operations and in line with the miner's margin-over-volume strategy, the miner said on Monday November 11.Vale expects to sell 83-88 million tonne...Read More
Seaborne iron ore prices fell below $79 per tonne cfr China on Monday November 11 amid worsening market sentiment.Fastmarkets iron ore indices62% Fe fines, cfr Qingdao: $78.98 per tonne, down $1.13 per tonne.62% Fe Pilbara Blend fines, cfr Qingdao: $79.01 per tonne, down $1.13 per tonne.62% Fe low-alumina fines, cfr Qingdao: $78.30 per tonne, down $1.20 per tonne.58% Fe fines high-premium, cfr Qin...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 time is right for the mining industry to invest in new projects. The fundamentals are clear: we forecast supply gaps across a number of key commodities by 2028.Investors are understandably concerned that the mining industry will r...Read More
(IDEX Online) - After De Beers began selling lab-grown diamonds under its Lightbox brand, it is hardly surprising that other big names are testing out the lab-grown market. The latest entrant into the sector is Dilip Mehta, chairman emeritus of Rosy Blue Alliance, who is partnering with his sons to launch a lab-grown business in Surat. Speaking to the Times of India, Mehta took pains to...Read More
Poster South Africa mine regeneration on trackSPONSOREDorion mineralsWhen Mining Journal spoke to Toronto-listed Rupert Resources' chief executive James Withall in September about the company's Read More
The price for silicon metal in the United States has held steady for the first time since March 2018, suggesting the market may have finally found a bottom after several false calls from market observers this year.Fastmarkets' price assessment for silicon, ddp US was $0.96-1.02 per lb on Monday November 11, unchanged from the previous assessment on October 10. While the silicon price remains...Read More
Cobalt hydroxide buyers' preference for spot and short-term procurement will persist, adding spot liquidity to the cobalt raw materials market next year, Fastmarkets understands. Chinese cobalt consumers demonstrated continued appetite to commit to long-term contracts during Antaike's annual International Nickel & Cobalt Conference in Yichang on November 5-6, which is an event where suppliers and...Read More