Cautious sentiment amid several bankruptcy rumors. Polished trading steadyas dealers fill orders before the November 7 Diwali break. Consistent demandfor SI-I1 clarities in all categories. Chinese buyers drive improvement inmelee. Sales-and-distribution offices closing for one week over Diwali, andsmaller Surat factories shutting for three-to-four weeks. RoundRead More
RAPAPORT... Pink and blue fancy-color diamonds saw price increases inthe third quarter, while yellows dipped, according to the Fancy Color ResearchFoundation (FCRF).The organization's Fancy Color Diamond Index for pinks grew0.4% versus the previous quarter, while prices of blues rose 0.7%, the FCRFsaid Thursday. Rates for yellow fancy-color diamonds dropped 1%, with theoverall index down 0.1%."The...Read More
RAPAPORT... Gem Diamonds has increased its production and sales outlook forthe year after robust output during the third quarter, it said Wednesday. The miner now expects to recover 120,000 to 124,000 caratsfrom its Let??eng mine in Lesotho for the whole of 2018, compared with a forecast of 114,000to 118,000 carats it provided in March. It also anticipates selling 118,000 to122,000 carats, up...Read More
RAPAPORT... Lab-grown diamonds will feature at some of the largest US retailers this holiday season, with J.C. Penney, Macy's and Jewelry Television (JTV) anticipating strong growth in the category. Berkshire Hathaway subsidiary Richline Group will supply a new brand featuring lab-grown diamonds to J.C. Penney, the companies said in a joint statement Tuesday. The bridal collection,...Read More
RAPAPORT... Lin Qiang has succeeded Yoram Dvash as vice president ofthe World Federation of Diamond Bourses (WFDB), with the latter taking on a newrole as head of a strategic body.Qiang has served as president of the Shanghai Diamond Exchangesince its establishment in 2000. His election at the WFDB comes after Dvashstood down earlier this year to focus on his role as president of the IsraelDiamond...Read More
(IDEX Online News) - The IDEX polished diamond price index was down slightly in October, declining very slightly during the month. &nbs...Read More
(IDEX Online) - ALROSA, the world's largest diamond mining company, will hold an auction of special size rough diamonds (over 10.8 carats) and polished diamonds it has manufactured in Ramat Gan from November 4-22. The results of the auction will be announced on November 26. The company will auction 127 large gem-quality rough diamonds with a total weight of 2,244 carats. More th...Read More
(IDEX Online) - Registration is now open for the eighth International Diamond Week in Israel (IDWI), to be held from January 28 - 30 at the Israel Diamond Exchange (IDE). The event has become a staple on the global diamond calendar, and attracts hundreds of international buyers from over 20 countries every year. IDWI is held on the large trading floor of the IDE. It will featu...Read More
(IDEX Online) - Vladimir Putin, the President of the Russian Federation, and Anton Siluanov, the First Deputy Prime Minister and the Minister of Finance, took part in the official ceremony dedicated to start of mining operations at the Verkhne-Munskoye diamond field in Yakutia. The new diamond field will operate for at least 20 years, ensuring reliable diamond production and providing work...Read More
(IDEX Online News) - There were relatively few changes in round diamonds in October. There were increases in 0.70-0.79 carat stones in G-I, IF, of 2-3%, and in 0.80-0.89 carat diamonds; G-H, IF-VVS2, of 1-3%; as well as in 1.25-1.49 carats, E-H, IF. Meanwhile, there were notable decreases in diamonds of 0.40-0.44 carats in D, IF-VS1, of 1-3%; in 2.00-2.99 carat stones, L, VVS1-SI1; of 2-3%,...Read More
Amerigo MVC plant ramp-up on courseSPONSOREDamerigo resourcesThe company is 75% owner of the Gibraltar copper-molybdenum mine in British Columbia and it had hoped for an improved second half after Read More
PolarX builds bigger, richer Zackly pictureSPONSOREDpolar x limitedGalan Lithium scores coup in Argentina's 'Pilbara of lithium'SPONSOREDgalan lithiumWhite Rock sets cracking Alaska pace in first field seasonSPONSOREDwhite rock minerals Finance had been the final hurdle for the shovel-ready Gunnison in-situ recovery copper project in Arizona after the company overcame a perm...Read More
U.S. equity index futures were higher this morning. S&P 500 futures were up 5 points in pre-opening trade.The Bank of England maintained its overnight lending rate at 0.75%. Index futures were virtually unchanged following release of the Weekly Jobless Claims report at 8:30 AM EDT. Consensus was unchanged from the previous week at 216,000. Actual was 214,000.Encana (ECA U.S.$10.24) is expected...Read More
Last week, while on the campaign trail stumping for Republicans prior to the midterm elections on Nov 6, Trump touted a new tax cut plan for the middle class to the tune of 10 percent.According to the top Republican lawmaker on tax policy in the U.S. House of Representatives, Kevin Brady of Texas, the plan will be revealed in the coming weeks: "President Trump believes American families deserve to...Read More
There’s no question Donald Trump is the richest President in the history of the United States.At a staggering estimated net worth of over $5.5 billion dollars, he’s richer than every previous U.S. president... combined!And while it’s public knowledge he made his fortune in real estate...Few people know exactlyhow he did it.Especially the mainstream media... (They’re clueles...Read More
PolarX builds bigger, richer Zackly pictureSPONSOREDpolar x limitedGalan Lithium scores coup in Argentina's 'Pilbara of lithium'SPONSOREDgalan lithiumWhite Rock sets cracking Alaska pace in first field seasonSPONSOREDwhite rock mineralsIn a recent presentation to investors, Ramelius chief executive Mark Zeptner described the company as significantly undervalued. Central to his argument...Read More
PolarX builds bigger, richer Zackly pictureSPONSOREDpolar x limitedGalan Lithium scores coup in Argentina's 'Pilbara of lithium'SPONSOREDgalan lithiumWhite Rock sets cracking Alaska pace in first field seasonSPONSOREDwhite rock mineralsI have no idea how many times the phrase "this time, it's different" has been uttered in polite society, as I don't count such things - but I'm guessing...Read More
This episode features Agnico Eagle Mines vice-chair and CEO Sean Boyd in a "fireside" chat with Northern Miner publisher Anthony Vaccaro. The in-depth interview was recorded live on-stage at The Northern Miner's Progressive Mine Forum held at the MaRS Discovery District in downtown Toronto in October 2018.Sean and Anthony cover a wide range of topics, including: innovation at Agnico's Goldex and L...Read More
Seven years ago EMX Royalty (TSXV: EMZ; NYSE-AM: EMX) identified privately held IG Copper and its Malmyzh copper-gold porphyry project in Russia as a strategic investment opportunity and poured US$13 million into the company.That investment has just paid off with IGC's sale of the project for US$200 million to Russian Copper Company, a large privately held copper producer in the Russian Federatio...Read More
In 2010, Almaden Minerals (TSX: AMM; NYSE: AAU) drilled the discovery hole at its Ixtaca gold-silver project in Puebla State, Mexico. It was a brand new discovery, on claims company president and CEO Morgan Poliquin staked with his father, company chairman Duane Poliquin, in 2001.Today, Morgan Poliquin says the project is about a year away from a production decision; a decision that can be traced...Read More