RAPAPORT... The Carat+ show opened on Sunday, helping to raisesentiment in the Antwerp diamond market. Exhibitors noted busy visitor traffic on the opening day,which culminated in the Carat+ Night event, featuring actress Elizabeth Hurleyas the guest of honor. More than 2,400 professionals attended on Sunday, whichwas beyond expectations for the second edition of the show, organizers said. Traff...Read More

The rise took its market capitalisation to C$1 billion.The company was created by Watusi Capital Corp exchanging shares for an option over a portfolio of Altius Minerals' copper-gold projects in Chile.Aethon said it had C$8 million (US$6.2 million) in cash and no debt and its most advanced property Arcas was contiguous to projects being explored by Antofagasta Minerals and Anglo American.At the bi...Read More

SHANGHAI, May 7 (SMM) – Spot copper was mostly offered at a discount of 10 yuan/mt to a premium of 40 yuan/mt over the SHFE 1805 contract on Monday May 7 in the Shanghai market. This compared with a discount of 30 yuan/mt to a premium of 10 yuan/mt last Friday.High-quality copper saw more trades as traders were keen to purchase due to the approaching delivery date for SHFE 1805 contract...Read More

The SPY 260 area remains a key level for stocks to hold as range-bound trading continuesIt was d?(C)j? vu last week, as the day-to-day market action felt just like prior weeks. In other words, a lot of movement that amounted to nothing but noise from the perspective of weekly closing levels. My Friday mid-afternoon tweet below, listing the SPDR S&P 500 ETF Trust's (SPY - 266.02) weekly closes goi...Read More

(IDEX Online) - More than 2,400 industry professionals attended the first day of CARAT+ on Sunday, far surpassing expectations, according to the organizers. The highlight of the opening day on Sunday was model and actress Elizabeth Hurley and a surprise collection of vintage cars.   Hurley, who wore Cascade collection jewels by CARAT+ exhibitor Roberto Coin, formally opened the show by c...Read More

BERLIN (Reuters) - Germany and France on Monday vowed to stand by the 2015 nuclear deal between Iran and world powers even if the United States pulls out, with the German foreign minister saying the world would be less safe without it.U.S. President Donald Trump has threatened to retreat from the deal by not extending sanctions waivers when they expire on May 12, unless European signatories of the...Read More

RAPAPORT... Revenue from the retail division of Warren Buffett'sBerkshire Hathaway increased 5% to $3.64 billion in the first quarter, thecompany reported Saturday. The improvement in the segment, which includes jewelrychains Borsheims, Helzberg Diamonds and Ben Bridge Jeweler, was primarilydriven by the company's automotive sector, as well as candy sales over theEaster holiday. Pre-tax earnings f...Read More

(IDEX Online) - Dubai Diamond Exchange (DDE), a DMCC platform, and the only bourse in the Middle East affiliated with the World Federation of Diamond Bourses (WFDB), has elected its new Board of Directors with Dubai Diamond Exchange Chairman, Ahmed Bin Sulayem, at the helm.  "The Dubai Diamond Exchange has rapidly grown to a focal point for the global diamond trade with over 1,000 members and...Read More

ANKARA (Reuters) - President Hassan Rouhani hinted on Monday that Iran could remain in its 2015 nuclear deal with world powers even if the United States dropped out but Tehran would fiercely resist U.S. pressure to limit its influence in the Middle East.U.S. President Donald Trump, a long-time critic of the deal reached between Iran and six powers in 2015 before he took office, has threatened to p...Read More

SHANGHAI, May 7 (SMM) –Copper: Copper prices were suppressed by stronger US dollar over the weekend. Technically, LME copper now stands at the $6,840/mt level with pressure from several moving averages, but the SHFE 1806 copper contract still stands below the moving averages with little support. We expect the SHFE 1806 contract to trade at 51,200-51,600 yuan/mt today. Spot prices are seen hi...Read More

Sprott has provided the senior secured credit facility which EMX intends to use for corporate and working capital.Read More

RAPAPORT... The Israel Diamond Institute (IDI) has appointed Aviel Eliaas managing director, succeeding Eli Avidar, it said Monday."Aviel is very well versed in IDI's mission and activities,"said chairman Boaz Moldawsky. "He has shown leadership, initiative andcommitment. We are all very pleased that he will now be leading theorganization." Elia (pictured) has been legal adviser and company s...Read More

(IDEX Online) - The Board of Directors of the Israel Diamond Institute (IDI) has appointed Adv. Aviel Elia as its new Managing Director. He replaces Eli Avidar, who joined IDI in 2007 and successfully served in this position, with a brief hiatus, until now.  Elia, an attorney, has served as Legal Adviser and Company Secretary of IDI since 2013. As a key member of IDI's management team, Elia...Read More

Sichuan Yahua Industrial Group, one of China's largest lithium hydroxide and carbonate producers, is injecting further funds into emerging Australian lithium producer Core Exploration (ASX:CXO) as Chinese companies continue to aggressively try securing supply of the key ingredient needed for making the batteries that power electric cars.Through its subsidiary Yahua International, Sichuan has give...Read More

WASHINGTON (Reuters) - President Donald Trump and conservative Republicans in the U.S. Congress were edging away on Monday from a threat to pick a new budget fight with Democrats, with the White House expected to propose spending cuts much less severe than previously planned.Trump’s budget “rescissions” will likely encompass cuts in the range of $11 billion to $15 billion, said s...Read More

The Nyngan and Flemington royalties were two of a number Jervois has been looking to sell as it focuses on its Nico Young laterite cobalt-nickel project in New South Wales - where a prefeasibility study is due at the end of next quarter.Read More

RAPAPORT... Hong Kong's polished-diamond imports jumped in the firstquarter, recent data from the municipality's trade body showed.  Shipments into the center rose 10% to $5.17 billion in thefirst three months, according to data from the Diamond Federation of Hong Kong,China. By volume, imports grew 6% to 5.3 million carats, while the averageprice increased 3% to $982 per carat. Polished...Read More

Considering outside market forces such as dollar strength and higher U.S. equity pricing, gold pricing has held up rather well. In an environment which strongly favors the risk-on asset class over the safe-haven class, gold has traded with a higher daily low for the last four consecutive trading days. Today’s trading range was modest, but pricing did trade to a more elevated high than it did...Read More

(IDEX Online) - ALROSA's Supervisory Board has recommended the payment of dividends for 2017 of approximately $615 million. Around 50% of the amount is ALROSA net profit under IFRS, the mining giant said. Read More

WASHINGTON (Reuters) - U.S. President Donald Trump on Monday defended his pick to run the CIA after sources said she had sought to withdraw from the nomination over concerns about her involvement in the agency’s interrogation program.Gina Haspel is expected to face a challenging confirmation hearing in the Senate Intelligence Committee on Wednesday. Two sources familiar with the matter told...Read More