Polished trading stable in 1 ct. and larger, withdealers optimistic for Black Friday and holiday season. Record Alibaba Singles'Day (11/11) sales of $30.8B boost outlook for e-commerce, despite concernsUS-China trade war will impact consumer spending. Rough market cautious. DeBeers cuts prices of small, low-quality goods by 5% to 15% amid slump in demand for and prices of polished melee. Christie'...Read More
Trading quiet as dealers slowly return from Diwali break. Activity expectedto pick up from next week. Surat factories to remain closed or operate at lowcapacity. Rumored bankruptcies, weak rupee and tight liquidity dampened dealerand retail sentiment during festival. Data as of November 1: RoundRead More
RAPAPORT... Lisa Bridge will succeed her father Ed Bridge as CEO of BenBridge Jeweler, a subsidiary of Warren Buffett's Berkshire Hathaway. Lisa Bridge became the retailer's first female president andchief operating officer last year. Since then, she has overhauled the jeweler'simage to help it appeal to a newer generation of consumers, the company saidTuesday. She will take over on January...Read More
RAPAPORT... Mumbai's Bharat Diamond Bourse (BDB) is considering allowingsynthetic-diamond trading on the exchange premises, its president told RapaportNews this week. Some members have asked management to reconsider its 2015ban on selling lab-grown diamonds anywhere in the BDB's vast office complex,Anoop Mehta said. The bourse will consult with members after the Diwalivacation season, and cou...Read More
RAPAPORT... A natural pearl and diamond pendant belonging to MarieAntoinette smashed its price estimate and capped off a record-breaking sale atSotheby's Geneva auction. The jewel went for $36.2 million, beating its presale valuationof $1 million to $2 million, and setting a new auction record for a naturalpearl, Sotheby's said Wednesday. All jewels on offer at the auction found abuyer, inclu...Read More
The World Diamond Council (WDC) and the Civil Society Coalition (CSC) this week voiced their strong support for an expanded definition of conflict diamonds at the launch of the 2018 Plenary Session of the Kimberley Process (KP), in Brussels, Belgium.The proposal, put forward by the government of Canada, looks to strengthen the scope by expanding the KP’s official definition of what constitut...Read More
(IDEX Online) - The World Diamond Council (WDC) and the Civil Society Coalition (CSC) voiced their strong support for an expanded definition of conflict diamonds at the Plenary Session of the Kimberley Process (KP) in Brussels. The proposal, put forward by the government of Canada, looks to strengthen the scope by expanding the KP's official definition of what constitutes conflict diamonds...Read More
RAPAPORT... Stornoway Diamond Corporation has appointed a new CEO after reporting its third successive quarterly loss. Patrick Godin, Stornoway's chief operating officer, willsucceed Matt Manson on January 1, the company said Wednesday. Stornoway recorded a net loss of CAD 37.6 million ($28.5million) for the third quarter after writing CAD 22.4 million ($16.9 million)off the value of i...Read More
Aim-listed Botswana Diamonds (BOD) has completed the acquisition of Russian diamond miner Alrosa’s 50% interest in the Sunland Minerals joint venture (JV), giving BOD full ownership of the project.BOD on Thursday also announced that negotiations were under way with a potential new JV partner – a large diamond producer that is interested in acquiring 50% of the project and which has a s...Read More
(IDEX Online) - Registration has opened for the Third Jewelry Industry Summit taking place at the Tucson Convention Center before the AGTA GemFair, the organizers announced. "The goal of this year's Summit is to enable attendees to use practical tools and resources to sustain responsible sourcing. The speakers and interactive programs will focus on what can be done immediately and by every...Read More
(IDEX Online) - In response to the needs of the Atlanta Jewelry Show (AJS) community, Executive Director Libby Brown announced the launch of two new feature areas for the 2019 spring event in Atlanta. "As the buying habits of today's consumers evolve, independent retailers are adapting e-commerce strategies to enhance - not replace - their sales opportunities and grow their business," she...Read More
Amerigo MVC plant ramp-up on courseSPONSOREDamerigo resourcesThe company said the expansion, to start in early 2019, would add an average 60,000 tonnes per annum to its production over the first 15 years of operation.First output is expected in the second half of 2021.Amerigo MVC plant ramp-up on courseSPONSOREDamerigo resourcesCopper production will rise from an extra 40,000tpa in the first year...Read More
Two-time Vale president Eliezer Batista diesLeadershipLook beyond market approach to project valuations: van ZylLeadershipDR Congo: Is government intervention the real risk to watch?SPONSOREDverisk maplecroftKyzyl ramp-up signals new growth path at buoyant PolymetalSPONSOREDpolymetal internationalWorking on part of the 397-square-kilometre Kamoa-Kakula mining licence, Ivanhoe says it has delineate...Read More
Three-month base metals prices on the London Metal Exchange were up acrossthe board by an average of 0.7% on the morning of Thursday November 15. Zinc and nickel prices were up by the most with gains of 1.2% and 1.1% respectively, while copper wasup by 0.8% at $6,149 per tonne. The others were up by between 0.2% for aluminium and 0.8% for lead.Volume has been below average with 4,583 lots tra...Read More
U.S. equity index futures were lower this morning. S&P 500 futures were down 4 points in pre-opening trade. U.S. equity index futures moved lower following release of economic news at 8:30 AM EST. Consensus for Weekly Jobless Claims was 215,000 versus 214,000 last week. Actual was 216,000. Consensus for October Retail Sales was a gain of 0.4% versus an increase of 0.1% in September. Actual was...Read More
The tax law is a series of stimulus packages for business owners and investors. Nowhere is this truer than for real estate investors. I'm not talking about people who fix and flip real estate. They are not investors. I'm talking about those who buy, improve, and hold on to real estate for long-term investment.As an incentive for investors to buy, improve, and hold real estate, the government gives...Read More
Last month I warned you that we were entering this winter facing a very real chance of a spike in natural gas prices.Here we are just a couple of weeks later and that natural gas price spike has already taken a pretty major first leg up.Since the start of November, the commodity has already skyrocketed 25 percent higher than when I wrote to you.That is a big move in such a short period of time, ev...Read More
A Colorado School of Mines graduate student will get to pitch his space startup at a major international conference for satellite and aerospace professionals this spring - his team's prize for winning the Techstars Startup Weekend in Boulder last month. James Kiousis, a master's student in the Engineering and Technology Management program, was the leader of Gold Orbit, the top-scoring team in the...Read More
DR Congo: Is government intervention the real risk to watch?SPONSOREDverisk maplecroftKyzyl ramp-up signals new growth path at buoyant PolymetalSPONSOREDpolymetal internationalNew Energy brings experience to new dawnSPONSOREDnew energy mineralsBezant's Mankayan back in copper-gold spotlightSPONSOREDbezant resourcesMining executives have been stung by the industry's critics who paint them as ca...Read More
Peter Schiff on RT Boom & Bust 11/15/2018SIGN UP FOR MY FREE NEWSLETTERhttp://www.europac.net/subscribe_free...Schiff Gold News: http://www.SchiffGold.com/newsOpen your Goldmoney account today: https://www.Goldmoney.com/Buy my newest book at http://www.tinyurl.com/RealCrashLike and follow Peter Schiff on Facebookhttp://www.Facebook.com/PeterSchiffFollow me on Twitter: http://www.Twitter.com/PeterS...Read More