As COMEX Gold moves toward $1500 in the months ahead, the gold to silver ratio will likely see insane new all-time highs of 85 or even 90. Craig explains...by Craig Hemke via Sprott Money NewsSurely, by now, you know the drill. The price of COMEX Digital Silver rallies. Price breaks key technical level. Banks then increase the float of available contracts. Price stalls. Price crashes. Wash. Rinse....Read More
Diamond trade cautious after slow Hong Kongshow. Demand selective and inventory levels high, with buyers insisting on deepdiscounts for goods under 0.50 ct. Low manufacturing profits reducing Indianpolished production as smaller goods not making money. 0.30ct. RAPI -0.6%, 1ct. RAPI +0.1% in Feb. with better market for 0.70 to 1.99 ct. De Beers prices flat at $490 million sight. Far East consumerou...Read More
Manufacturers maintaining reduced production in quietmarket. Margins under pressure due to high rough prices at De Beers sight and subduedpolished demand. Steady orders for 0.50 to 1.99 ct., G-H, VS2-SI1 (3X, nofluorescence). Stones with good or fair cut very hard to sell. Melee stable,with selective demand for stars, but manufacturers want to sell bigger meleesizes, as they offer better profits....Read More
RAPAPORT... Sales at Alrosa fell 36% year on year to $345.6 millionin February as a slowdown in the rough market continued. Rough-diamond sales dropped 36% to $340.6 millionfor the month, according to Rapaport calculations based on Alrosa reports.Polished revenues slid 45% to $5 million. Overall demand has improved versusJanuary, however, with total sales up 23% month on month, the Russian miner s...Read More
RAPAPORT... Retail sales of jewelry and other luxury items increased inHong Kong in January, boosted by the earlier timing of the Lunar New Year and highertourism. Revenue from jewelry, watch, clocks and other valuable giftsimproved by 4.7% year on year to HKD 8.47 billion ($1.08 billion), themunicipality's Census and Statistics Department reported Tuesday. Sales in allretail categories were...Read More
RAPAPORT... Four of Asia's industry groups have agreed to work together on standardizing language and rules for the diamond trade. The National Gemstone Testing Center (NGTC), the Gem andJewelry Institute of Thailand (GIT), the Gemmological Institute of India (GII),and the China Gems & Jade Exchange (CGE) signed a memorandum of understanding(MoU) to further that effort, the NGTC said. Th...Read More
Diamcor, a Canadian junior diamond miner, said it had sold 1,220 carats of rough diamonds from the Krone-Endora at Venetia project in South Africa at its second tender held in the first quarter of the year. The sale netted the junior miner $376,000, with an average price of $308 per carat sold. This represented a significant improvement over the average price - $176 per carat - on all rough diamon...Read More
GIA (Gemological Institute of America) opened its new laboratory in Kowloon in the presence of Susan Jacques, GIA president and CEO, and Tom Moses, GIA executive vice president and chief laboratory and research officer. The opening reception of GIA's new and expanded location was held in mid-February with laboratory clients and industry executives in attendance. "Hong Kong is a vital center of th...Read More
ALROSA of Russia, a global, leading diamond producer, reported it has sold $345.6 million worth of rough and polished diamonds in February. The sales amount represents an increase of 23 percent compared to January 2019. ALROSA's rough diamond sales increased to $340.6 million, compared to $278.2 million in January 2019, while polished diamond sales grew to $5 million, compared to $3.4 million a m...Read More
Jewelers of America (JA) has announced the agenda and opened registration for the first annual Jewelers of America National Convention, an education-focused executive forum open to jewelry professionals. The Convention will take place July 28-29, 2019, at the Intercontinental New York Barclay in New York City The two-day convention will feature data-driven keynote presentations and a wide range of...Read More
Canadian diamond miner Star Diamond shared the results of a recent survey of its Star and the Orion South kimberlites, confirming the relative abundance of type IIa diamonds at these projects in central Saskatchewan. Across the board, type IIa diamonds make up less than three percent of a diamond mine's production. Therefore, the results of this study conducted which estimate that 26.5 percent of...Read More
Neiman Marcus Group Ltd. reported that it is in discussions with bondholders to extend its repayment deadline to 2023. In case an agreement is finalized, Neiman Marcus would be able to avert a possible default of $5 billion of debt that would be due for payment during the coming two years. As part of the agreement, the company offered bondholders a share in MyTheresa, Neiman Marcus' international...Read More
"Tshisekedi would be a relatively positive figure for mining investment"SPONSOREDverisk maplecroftAlkane maps own path to world-class critical metals producerSPONSOREDalkane resourcesWestern Atlas drill-ready in NunavutSPONSOREDwestern atlas resourcesGlobal Atomic's 'transformational discovery' changes everythingSPONSOREDglobal atomic corpAt Las Bambas in Peru, outbound coppe...Read More
Eastern promise for PolarXSPONSOREDpolarxAltech ticks boxes on path to production SPONSOREDaltech chemicalsFriedland has been wowing audiences with latest pre-feasibility numbers for a proposed US$1.1 billion, six million tonnes per annum underground mine and plant producing up to 360,000 tonnes of copper a year at Kalula on the Central African Copperbelt. He has also been speaking regularly about...Read More
Three-month base metals prices on the London Metal Exchange were for the most part weaker again this morning, Thursday March 7.With the exception of tin that was up by 0.5% and aluminium that was little changed, the rest of the complex were down between 0.2% for lead and 1.4% for nickel. Copper was off by 0.4% at $6,428 per tonne, compared with $6,455 per tonne at Wednesday’s close, while nic...Read More
U.S. equity index futures were higher this morning. S&P 500 futures were up 3 points in pre-opening trade.Index futures turned positive after the European Central Bank announced additional funding for European banks. Index futures were virtually unchanged following release of economic news at 8:30 AM EST. Consensus for Weekly Jobless Claims was 225,000 versus 226,000 last week. Actual was 223,...Read More
Fed up with the hardships of snow and ice in the colder regions of the U.S.? Does spending a few months in Florida, Arizona, or other Sunbelt states every winter sound enticing? If so, the snowbird lifestyle could be just what you're looking for. But before you toss that snow shovel in the trash, there are challenges and additional expenses you should consider. The Upfront Cost...The most obvious...Read More
Today my objective is simple...I want to show you why packing up your portfolio and getting out of the stock market during scary stretches is a really, really bad idea.As you'll see, time in the market is the key, not timing the market.However... I realize this is easier said than done.Therefore, in addition I'll also be giving you a top quality stock that will position your portfolio to profit in...Read More
Canadian Prime Minister Justin Trudeau dropped in on the annual convention of the Prospectors and Developers Association of Canada in Toronto on March 5, 2019, for a sit-in interview conducted by outgoing PDAC president Glenn Mullan.Glenn MullanIn this unabridged 20-minute interview, Justin and Glenn touch on topics including technological innovation, sustainable mining practices, federal regulato...Read More
After completing its phase two and three drill programs at its flagship Cauchari lithium project in Jujuy, Argentina, Advantage Lithium (TSXV: AAL; US-OTC: AVLIF) has more than doubled the project's resource. Based on its new measured and indicated resources, the company says Cauchari is now Argentina's second largest development project.Based on the updated resource, the project now contains 1.8...Read More