This guest, Franklin Sanders, known as "The Money Changer," and founder of The-MoneyChanger.com, has been in the gold & silver business for 40 years. Sanders visits Reluctant Preppers this first time to explain his experienced view of the factors affecting premiums on collectible gold coins, and why he says the data argues "against" buying numismatic coins as a part of your wealth preservation str...Read More
Critical Mass - A point or situation at which change occurs.Just over a year ago Cameco made the difficult decision to close its MacArthur River and Key Lake mines, in response to low uranium prices, leaving the Canadian company’s flagship Cigar Lake facility as its only operating mine left in northern Saskatchewan, home to vast reserves of the nuclear fuel. The mine closures by C...Read More
A downturn in global ferrous scrap prices and negative sentiment in most global steel markets continued to drag down billet prices during the working week from Monday September 16 to Friday September 20.Export prices for steel billet from the Commonwealth of Independent States region have been under pressure from weak demand and falling scrap prices internationally, which lead mills in the region...Read More
Here are five Fastmarkets MB stories you might have missed on Friday September 20 that are worth another look.Uptrends in the spot aluminium premiums in Rotterdam have faltered with backwardations in the London Metal Exchange December/three-month and January/three-month spreads starting to put material pressure on the physical market.Some large Chinese metal scrap buyers that have been granted imp...Read More
Here are five Fastmarkets MB stories you might have missed on Friday September 20 that are worth another look.Uptrends in the spot aluminium premiums in Rotterdam have faltered with backwardations in the London Metal Exchange December/three-month and January/three-month spreads starting to put material pressure on the physical market.Some large Chinese metal scrap buyers that have been granted imp...Read More
RAPAPORT... Consumers would willingly pay a premium for a diamond that had been verified by an independent thirdparty as being responsibly sourced, according to an MVI Marketing survey. Approximately one third of consumers would shell out anextra 5% on top of the retail price for a diamond that has been verified asresponsibly mined, or sustainably lab-grown, or for which the country of origin...Read More
RAPAPORT... A Burmese ruby ring from a private European estate sold formore than 18 times its low estimate, setting a new house record at ChiswickAuctions. An undisclosed buyer purchased the 10.51-carat, natural, unheated stone for GBP 462,500($576,817). The London-based auction house had estimated it would fetch at least GBP 25,000 ($31,179). "Natural rubies above five carats are very rare,...Read More
RAPAPORT... Lab-grown brand ALTR Created Diamonds has appointed RichardWhitby chief financial officer as part of an effort to broaden the company's reach. "Bringing Richard on board marks a pivotal point for ALTR aswe continue our global expansion amidst a shift in the industry," Amish Shah,president of ALTR, said last week. "Richard brings meaningful executiveexperience increasing the forwar...Read More
RAPAPORT... The Plumb Club has become the first trade group to requireall members to sign up to the Responsible Jewellery Council (RJC). The supplier and manufacturer group hopes that other tradeassociations will follow suit, thereby ensuring the entire trade is on the samepage when it comes to responsible supply chains. "Having a standardized, universal code of practicesthroughout our indus...Read More
RAPAPORT... The Toronto Stock Exchange is set to delist StornowayDiamond Corporation following the miner's move to seek creditorprotection. The company received notice from the bourse that it would be removed from the exchange at close of business on October 18, Stornoway said last week. The exchange has already suspended the company's shares fromtrading. Stornoway's major lenders a...Read More
(IDEX Online) - Tiffany & Co. is combating the effect of falling Chinese tourism by opening up more mainland China stores. Chinese spending abroad has declined because of the yuan depreciating and uncertainty over U.S.-Chinese trade. Alessandro Bogliogo, CEO of the luxury jeweler told Bloomberg Television that while Chinese spending has dropped abroad, there have been big increases in sal...Read More
(IDEX Online) - Junior miner Diamcor Mining Inc. has reported an improvement in the total number of rough diamonds it has tendered, sold and delivered. The miner has sold 3,759.62 carats this quarter, with another 4,825 to be tendered in Antwerp in the coming weeks. Sales during the quarter total $569,000, yielding a lower-than-average price of $151 per carat. Diamcor said current price wea...Read More
(IDEX Online) - The Plumb Club has become the first industry organization requiring its members to become certified members of the Responsible Jewellery Council (RJC). The Plum Club is a current RJC association member.The membership requirement is being extended to all new and existing Plumb Club members. According to the Club, the new requirement underscores its purpose to "connect its members an...Read More
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