RAPAPORT... Lucapa Diamond Company's sales from its Lulo mine rose 6%year on year to $5 million in the second quarter, it said Thursday. The average price of rough diamonds from the Angola assetjumped 56% to $1,479 per carat for the three months ending June 30. Productionincreased 20% to 5,058 carats, including 61 stones weighing more than 10.8carats. Sales rose 3% year on year to $15.9 million fo...Read More

RAPAPORT... Birks Group's profit more than doubled in the past fiscalyear after the Canadian retailer sold subsidiary Mayors Jewelers. Profit grew to $11.7 million for the 12 months ending March31 from $4.9 million a year ago, the jeweler reported Tuesday. The company offloadedMayors to UK-based Aurum Holdings for $106.8 million in October, boosting its profit figure by $29.9million. Excluding tha...Read More

RAPAPORT... Titan Company reported lower-than-expected jewelry sales inthe first fiscal quarter due to a decline in consumer demand for gold. "Weakness in the consumer sentiment has had an impact on oursales, also leading to recording of sales below our internal targets," theretailer said Wednesday, referring to the three months ending June 30. While purchases during the Akshaya Tritiya festival...Read More

(IDEX Online) - IJL trends editor and jewelry expert, Paola De Luca, will be outlining six key jewelry trend themes for Spring-Summer 2019 at International Jewellery London (IJL), the UK's leading trade event for the international jewelry industry. Her vision includes designs rooted in urban lifestyles, the renaissance of pearls, dark romantic influences, and a blending of Art Deco and 1960s Op Ar...Read More

RAPAPORT... Alrosa sold $17 million worth of rough at a large-stoneauction in Vladivostok last month, the Russian miner said Wednesday. The 121 diamonds - each over 10.8 carats - weighed acombined 2,000 carats, and fetched an average price of $8,500 per carat. The stonessold for more than one and a half times their original asking price, Alrosanoted. Companies from Belgium, China, Hong Kong, India...Read More

Metals packaging firm Ball Corp is to cease production at its beverage packaging plant in Cuiab??, Brazil, and will provide for customers' needs through others of the company's units in the country.The Cuiab?? plant opened in 1998 and employs about 70 people, some of whom will transfer to other Ball locations."Absorbing this one line-can plant into Ball's remaining network of 13 plants in...Read More

Petra Diamonds’ Cullinan mine hopes to achieve further improvements in safety, mining efficiencies and productivity, following the implementation of BME’s AXXIS centralised blasting system across its underground operation.The system was officially launched last week.AdvertisementThe AXXIS system, installed at the Cullinan mine in December last year, was designed and developed by BME in...Read More

(IDEX Online) - Sierra Leone's Ministry of Mines and Mineral Resources (MMMR) and the National Minerals Agency (NMA) reported that a 144.12 carat diamond was brought to the Precious Minerals Trading Department of the NMA for valuation and certification. Consistent with International best practice for diamond valuation under the Kimberley Process Certification Scheme, the NMA conducted a tripa...Read More

The latest metal markets news and price moves for the start of the North American day on Thursday July 5.Base metals on the London Metal Exchange ticked higher across the board during morning trading with lead prices climbing by 1.7% after a fresh 15,000 tonne cancelation in Antwerp. Here's how base metals prices look at 12:12pm London time:Read our live futures report here."With the LME nearby sp...Read More

(IDEX Online) - ALROSA sold 121 gem-quality special size rough diamonds (weighing over 10.8 carats) with a total weight of 2,000 carats at an international auction in Vladivostok last month for $17 million. Companies from Belgium, China, Hong Kong, India, Israel, Russia, the United Arab Emirates and the United States participated in the auction. "The results of the last auction once again confirm...Read More

GFG Alliance, the parent company of international metals group Liberty House, has acquired the freehold and cargo-handling services of Bird Port in Newport, South Wales, UK, it said on Thursday July 5.Bird Port, which will be renamed SIMEC Bird Port following completion of the deal, handles cargoes totaling as much as 800,000 tonnes per year, mainly steel and bulk products. The port is also used b...Read More

LSE-listed Petra Diamonds and its black economic empowerment partners plan to sell their 75.9% interest in the Kimberley Epaka Mining (KEM) joint venture (JV) to JV partner Ekapa Mining for about R300-million.The KEM JV incorporates the Kimberley Underground mine, extensive tailings retreatment programmes and the high-volume Central Treatment Plant, near Kimberley, South Africa.AdvertisementPetra...Read More

Turkish billet import prices have gone down this week on sluggish demand, while domestic and export prices have remained largely stable, sources said on Thursday July 5.Metal Bulletin's weekly price assessment for billet imports into Turkey was $520-530 per tonne cfr, down from last week's $530-540 per tonne.The downward movement in the assessment came after CIS suppliers lowered their offers to $...Read More

PERTH (miningweekly.com) – Diamond miner Lucapa Diamond Company has reported a 20% increase in production at its Lulo project, in Angola during the June quarter.The mine produced 5 058 ct of diamonds during the three months to June, up from the 4 203 ct produced in the previous corresponding period, with the total weight of special stones increasing by 18%, to 1 412 ct.AdvertisementThe numbe...Read More

Turkish domestic rebar and wire rod prices have gone down over the past week due to sluggish demand, sources said on Thursday July 5.Metal Bulletin's weekly price assessment for domestic rebar in Turkey was $550-560 per tonne ex-works on Thursday, narrowing downward from last week's $550-565 per tonne."Time has passed since the [presidential and parliamentary] elections [in Turkey on...Read More

The latest bids, offers and deals in the global markets for steel billet, slab and bloom.Latest transaction: billetBilletCIS,...Read More

Turkish rebar export prices have gone down slightly over the past week, amid sluggish buying. But market participants were generally optimistic and expected demand to improve, sources said on Thursday July 5.Metal Bulletin's weekly price assessment for rebar exports out of Turkey was $545-555 per tonne fob on an actual weight basis, narrowing downward from the $545-560 per tonne of last week.Turki...Read More

Imported steel billet prices decreased this week in Egypt with lower offers heard in the market, but domestic rebar prices remained unchanged, sources told Metal Bulletin on Thursday July 5.Metal Bulletin's weekly price assessment for domestic rebar in Egypt on Thursday July 5 was unchanged at E ?12,525-12,528 ($699) per tonne ex-works. The country's major rebar producer, Ezz Steel, continued offe...Read More

Metal Bulletin is proposing to amend the minimum tonnage used in the calculation of its CIS Billet Index.The index is a tonnage-weighted calculation intrinsically linked to market transactions. Following internal analysis, Metal Bulletin is proposing to lower the minimum tonnage included in the index in order to ensure that concluded transactions have the largest effect on the final index calculat...Read More

Baowu Steel, China's largest steelmaker, is adding 4.03 million tonnes to its hot metal capacity and 3.61 million tonnes to crude steel capacity at its Zhanjiang city production site in Guangdong province, south China.The increases come at the expense of production cuts at operations in Shanghai and in Jiangsu province.Baowu cut 1.18 million tons of capacity at its Nanjing-based subsidiary Shangha...Read More