(IDEX Online) - Gem Diamonds Limited reported revenue of $214.3 million (US$189.8 million in 2016).   Profit for the year (pre-exceptional items) was $20.8 million (US$32.4 million in 2016).   After the exceptional items of $3.6 million, attributable profit was $5.5 million and earnings per share was 4.0 US cents.   Clifford Elphick, Chief Executive of Gem Diamonds, said: "The seco...Read More

Base metals prices on the London Metal Exchange were mostly lower at the close on Thursday March 15, apart from zinc and lead.A stronger dollar and a hesitant market saw copper and nickel both fall significantly, with the three-month copper price closing $68.50 per tonne lower. The red metal is finding it hard to push back and stabilize above $7,000 per tonne and has undone all of Wednesday's gain...Read More

RAPAPORT...Baselworld exhibitors should be vigilant of thieves who lurkoutside the show or scour social media for information that can help them stealgoods, a security group has warned.Every year, there are reports of traders leaving theexhibition area with merchandise and subsequently being robbed, according toItay Hendel, CEO of Israel-based ISPS, which specializes in theft prevention for the je...Read More

(IDEX Online) - Signet Jewelers Limited reported that same store sales declined 5.2% in the fourth quarter and declined 5.3% in full year fiscal 2018.   It expects to close more than 200 stores following an evaluation of its real estate footprint, utilization, and cost structure, aiming to "reposition its portfolio to drive greater store productivity".   "Signet anticipates, pending th...Read More

Turkish import and export billet prices have increased, amid strong local demand and tightening supplies in the CIS region, sources said on Thursday March 15.Metal Bulletin's weekly price assessment for billet imports into Turkey was $560-570 per tonne cfr, up from $545-550 per tonne.There were several billet sales from the...Read More

RAPAPORT... Tiffany & Co.'s manufacturing unit, Laurelton Diamonds,plans to shut its polishing center in Antwerp, shifting the operations to its otherworkshops in Botswana, Cambodia, Mauritius and Vietnam. Laurelton will continue to carry out rough sourcing,sorting, marking and sawing at its Antwerp headquarters, but will move thepolishing work to its other locations, or to external suppliers,...Read More

(IDEX Online) - Gem Diamonds Limited has recovered a 169 carat, top white color Type IIa diamond from the Let??eng mine in Lesotho (pictured above, the highest dollar per carat kimberlite diamond mine in the world.   It is the seventh diamond of over 100 carats recovered so far this year.     Last week, the firm announced the recovery of a 152-carat stone from the same mine. Read More

RAPAPORT... Pandora has hired Karl Walsh as its senior vice president ofglobal e-commerce in an effort to improve online sales and customer experience. Walsh (pictured), who has previously worked atAccenture and McKinsey, will be responsible for leading the newly formede-commerce department, part of a strategy to boost the brand's omni-channelpresence. He will report to CEO Anders Colding-Friis. "...Read More

Major international mining companies operating in the Democratic Republic of Congo (DRC) have resigned from the country's Chamber of Commerce ahead of a month of talks with the government to resolve their dispute over the new mining code. A legal and technical team representing Randgold Resources, AngloGold Ashanti, Glencore PLC, Ivanhoe Mines, Gold Mountain International/Zijin Mining Group, MMG (...Read More

SHANGHAI, Mar 15 (SMM) – Nonferrous metals slid across the board today as zinc led losses with a drop of more than 1%. Nickel fell 0.8%, tin dipped 0.7% and copper edged down.The ferrous complex saw some gains today as coking coal rose 1.6%. Rebar, hot-rolled coil, and iron ore gained over 1%, and coke inched up.Copper: The SHFE 1805 contract slumped after it reached a high of 52,400 yuan/mt...Read More

SHANGHAI, Mar 15 (SMM) – Nonferrous metals slid across the board today as zinc led losses with a drop of more than 1%. Nickel fell 0.8%, tin dipped 0.7% and copper edged down.The ferrous complex saw some gains today as coking coal rose 1.6%. Rebar, hot-rolled coil, and iron ore gained over 1%, and coke inched up.Copper: The SHFE 1805 contract slumped after it reached a high of 52,400 yuan/mt...Read More

SHANGHAI, Mar 15 (SMM) – Nonferrous metals slid across the board today as zinc led losses with a drop of more than 1%. Nickel fell 0.8%, tin dipped 0.7% and copper edged down.The ferrous complex saw some gains today as coking coal rose 1.6%. Rebar, hot-rolled coil, and iron ore gained over 1%, and coke inched up.Copper: The SHFE 1805 contract slumped after it reached a high of 52,400 yuan/mt...Read More

U.S. equity index futures were mixed this morning. S&P 500 futures were unchanged in pre-opening trade.Index futures were virtually unchanged following release of economic news at 8:30 AM EST. Consensus for Weekly Jobless Claims was a slip to 230,000 from 231,000 last week. Actual was a slip to 226,000. Consensus for March Philly Fed Index was a drop to 23.3 from 25.8 in February. Actual was a...Read More

Turkish steel producers have extended their silence in the deep-sea scrap markets amid weak demand for their finished steel products in both the export and domestic markets, sources said on Thursday March 15.The mills were expected to book more cargoes for April, but they stepped back from the deep-sea market late last week after Section 232 import tariffs were officially signed into effect in the...Read More

SHANGHAI, Mar 15 (SMM) – Norilsk nickel in the Shanghai market was offered at a discount of 400-500 yuan/mt against the Wuxi Stainless Steel Exchange 1804 contract on the morning of Thursday March 15.Jinchuan nickel was offered at a discount of 100-0 yuan/mt, and Jinchuan nickel plate was offered at 103,100 yuan/mt, SMM learned.As nickel prices remained high, traders sold actively while down...Read More

The following is a summary of our recent FS Insider podcast, "Danielle DiMartino Booth: Problems at the Fed, More Volatility for the Markets," which can be accessed on our site here or on iTunes here.Danielle DiMartino Booth, founder of Money Strong and author of Fed Up: An Insider's Take on Why the Federal Reserve Is Bad for America, warns that the US is more highly levered today than it was in 2...Read More

SHANGHAI, Mar 15 (SMM) – This is a roundup of global macroeconomic news last night and what is expected today.Last nightAs the euro dipped, the US dollar index rebounded and hovered around 89.7 overnight while most base metals climbed up. The growing number of cancelled warrants drove LME nickel to hit a two-week high. LME and SHFE zinc dropped about 2% as inventories grew.China’s tota...Read More

SHANGHAI, Mar 15 (SMM) – Trading remained flat in the Shanghai zinc spot market today as sellers were unwilling to releases cargoes after zinc prices fell.The 0# mainstream zinc traded at 24,710-24,790 yuan/mt, and the 0# common brand zinc traded at a discount of 80-70 yuan/mt today, SMM learned.Shuangyan brand traded at a smaller discount of around 30 yuan/mt, and 1# zinc traded at 24,660-2...Read More

SHANGHAI, Mar 15 (SMM) – This is a roundup of global macroeconomic news last night and what is expected today.Last nightAs the euro dipped, the US dollar index rebounded and hovered around 89.7 overnight while most base metals climbed up. The growing number of cancelled warrants drove LME nickel to hit a two-week high. LME and SHFE zinc dropped about 2% as inventories grew.China’s tota...Read More

Published on: Mar 15, 2018 | by finfeedPacifico Minerals (ASX:PMY) has entered into a Binding Option and Terms to Purchase agreement to acquire all issued capital in Minera GS S.S. de C.V., a private gold mining and exploration company incorporated in Mexico.As a result of the agreement, PMY will acquire the rights to the highly prospective Violin project, which is situated within the Mexican Guer...Read More