Here are five Fastmarkets MB stories you might have missed on Friday December 20 that are worth another look.The spot main Japanese port (MJP) aluminium premium is likely to remain under pressure next year due to growing supply and weak demand amid a decline in global automobile sales, market participants told Fastmarkets. Evraz Vanadium has elected to partner with Mica Group, naming the Chin...Read More
RAPAPORT... The Western Australian government has invited Gibb RiverDiamonds and India Bore Diamond Holdings to mine at the Ellendale deposit. The companies will pay rental fees on the areas in which they set up operations, rather than owning that portion of the site outright, theDepartment of Mines, Industry Regulation and Safety (DMIRS), told RapaportNews last week. Although DMIRS has alre...Read More
RAPAPORT... Swiss watch exports fell in November as orders from HongKong continued to slow. Shipments to all countries declined 3.5% to CHF 1.99 billion($2.03 billion) in November, the Federation of the Swiss Watch Industryreported last week. That mainly reflects a 27% drop in exports to Hong Kong,which outweighed a 4.6% increase in orders from the US.Pro-democracy protests have devastated luxury...Read More
RAPAPORT... Mountain Province has forecast a rise in output next year amid a stabilization of demand and operational improvements at its Gahcho Ku?(C) mine. The Canada-based miner will produce between 6.75 million and 6.95million carats, up from the 6.7 million to 6.8 million carats it expects for 2019, it estimated. The projection for next year is higher than its earlier forecast of 6.6...Read More
RAPAPORT... Firestone Diamonds gave a cautious outlook for the coming year, expecting continued sluggish market conditions to impact rough prices. "From a diamond-pricing perspective, [2019] was a tough year, particularly for the smaller, lower-value goods, and these market conditions are expected to persist for the foreseeable future until the end of 2020 when global rough supply is expected...Read More
(IDEX Online) - Firestone Diamonds has said that despite a solid operational performance, 2019 was a disappointing year in which revenues declined because of a weak diamond market and a reduction in carats sold.During the year ended June 30, 2019, the company recovered 829,458 carats (2018: 835,832 carats) and sold 774,830 carats sold (2018: 831,637 carats).The company, which has operations focuse...Read More
(IDEX Online) - Mountain Province Diamonds Inc. has announced that it will the upper end of its production guidance of 6.7-6.8 million carats for 2019. The company said from an operational point of view, 2019 had been a "strong year." Looking ahead, the miner expects to recover 6.75-6.95 million carats from the Gahcho Ku?? (C) Mine in 2020. The company intends to increase the plant's cap...Read More
(IDEX Online) - Jewelers of America (JA), the national trade association for businesses serving the fine jewelry marketplace, has announced that its "Another Piece of Your Story" marketing campaign reached 3 million unique consumers in just six weeks. The test campaign ran in Los Angeles and was an industry-wide collaboration to increase consumer desire for jewelry by connecting consume...Read More
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