RAPAPORT... De Beers Diamond Jewellers has launched a new online store on e-commerce platform Farfetch dedicatedto its fine-jewelry collections, the company saidTuesday. The jeweler is featuring designs from its Enchanted Lotusand Talisman lines on the retail-and-fashion website, as well assome of its lower-price designs such as My First De Beers. Farfetch currentlyships to 100 countries and is av...Read More
The company reported a net loss of US$7 million, or $0.02 per share, for the March quarter, which compared to a net loss of $1.5 million a year ago.Read More
RAPAPORT... Lucara Diamond Corp. recorded a loss in the first quarter aslower production and a drop in the average price led to a decline insales. Revenue fell 3% year on year to $25.4 million for the threemonths ending March 31, with the volume of goods sold down 2% to 63,317 carats,the company reported Tuesday. The average selling price slipped 1% to $401 percarat. The miner noted a n...Read More
China's domestic rebar prices fell on Wednesday May 9 amid lackluster trading due to losses on the futures market.Domestic Eastern China (Shanghai): 3,950-4,000 yuan ($620-628) per tonne, down 30 yuan per tonneNorthern China (Beijing): 3,880-3,930 yuan per tonne, down 10 yuan per tonneRebar futures maintained their downward trend today and ran at prices lower than Tuesday's settlement price of 3,6...Read More
SHANGHAI, May 9 (SMM) – This is a roundup of China's base metals output in April. SMM surveyed major producers in the market to obtain information for calculation.Copper: China's refined copper output came in at 737,800 mt in April, up 3.4% month on month and up 14.2% year on year, an SMM survey showed. Output in the first four months of this year stood at 2.86 million mt, up 11...Read More
RAPAPORT... A US court has named Parag Diamonds as thesuccessful bidder for the assets of A. Jaffe, one of Nirav Modi's jewelrybrands. Four prospective purchasers attended the auction on May 3,participating in several rounds of bidding, according to a filing with the USBankruptcy Court for the Southern District of New York last week. While Paragwon, Flourish City Holdings emerged as the "backup" b...Read More
Petropavlovsk founders Peter Hambro and Pavel Maslovskiy were ousted last year in June and July, respectively, as former major shareholder Viktor Vekselberg led a coup against the board. Read More
SHANGHAI, May 9 (SMM) –Copper: LME copper fell below all moving averages overnight and the SHFE 1807 contract performed no better. We expect LME copper to trade at $6,760-6,830/mt today with SHFE 1807 at 50,700-51,200 yuan/mt. Spot premiums are seen higher at 50-100 yuan/mt as sellers are likely to offer higher against the falling futures market.Aluminium: The SHFE 1807 contract fell to a lo...Read More
RAPAPORT... Christie's Hong Kong spring sale will feature an 8.01-carat,fancy vivid blue, internally flawless diamond pendant necklace, estimated atbetween $18.5 million and $25 million, the auction house said. The pear-shaped stone, which hangs below a circular-cut, 1.60-carat,fancy intense pink diamond, was designed by Moussaieff. A 0.35-carat whitediamond is set between the two. Other nota...Read More
Nickel premiums in both China and Europe were unchanged on Tuesday May 8 due to the negative arbitrage window in China and muted demand in the aftermath of the May holidays respectively.Premiums in the United States were also flat, largely due to steady demand. Chinese, European and US nickel premiums steady Thin trading activity reported in China and Europe US premiums firm...Read More
Struggling...ACCESS RESTRICTEDTo read the rest of this analysis please take a free sample or subscribeFREE SampleReceive a free sample of market analysis and price forecasts.Free SampleSUBSCRIBEReceive unlimited access to all current and archive content going back to 2008 including downloadable pricing data and forecasts.Plus download the latest issue as soon as it’s published...Read More
Aluminium price in consolidation mode last...ACCESS RESTRICTEDTo read the rest of this analysis please take a free sample or subscribeFREE SampleReceive a free sample of market analysis and price forecasts.Free SampleSUBSCRIBEReceive unlimited access to all current and archive content going back to 2008 including downloadable pricing data and forecasts.Plus download the latest issu...Read More
Index futures were higher this morning. S&P 500 futures were up 9 points in pre-opening trade. Most of the gains came from the energy sector. Crude Oil advanced $1.67 to $70.73 per barrel in overnight trade.Index futures were virtually unchanged following release of the April Producer Price Index at 8:30 AM EDT. Consensus was an increase of 0.2% versus a gain of 0.3% in March. Actual was an in...Read More
Two years ago at a conference around this time of year the company was proudly Australian and l2 months ago it was pretty much the same, though in the second half of last year it did make a small investment (A$2.5 million) in ASX-listed Alaska gold explorer Riversgold.Read More
SHANGHAI, May 9 (SMM) – Nonferrous metals futures dipped for the most part on Wednesday May 9 as SHFE copper led declines with a drop of over 1%. Nickel, tin, and aluminium fell nearly 1%, and zinc inched down. Lead closed slightly higher. The ferrous complex fell across the board on Wednesday. Rebar and coke dipped over 2%, hot-rolled coil and coking coal lost nearly 2%, and iron ore l...Read More
SHANGHAI, May 9 (SMM) – Nonferrous metals futures dipped for the most part on Wednesday May 9 as SHFE copper led declines with a drop of over 1%. Nickel, tin, and aluminium fell nearly 1%, and zinc inched down. Lead closed slightly higher. The ferrous complex fell across the board on Wednesday. Rebar and coke dipped over 2%, hot-rolled coil and coking coal lost nearly 2%, and iron ore l...Read More
SHANGHAI, May 9 (SMM) – Nonferrous metals futures dipped for the most part on Wednesday May 9 as SHFE copper led declines with a drop of over 1%. Nickel, tin, and aluminium fell nearly 1%, and zinc inched down. Lead closed slightly higher. The ferrous complex fell across the board on Wednesday. Rebar and coke dipped over 2%, hot-rolled coil and coking coal lost nearly 2%, and iron ore l...Read More
Listen to this podcast on our site by clicking here or subscribe on iTunes here.For issuers of debt (borrowers), interest rates are the cost to borrow funds; for buyers of debt (lenders), it is the rate of return they get for lending money.After the 2008 financial crisis, central banks dropped interest rates to the lowest levels in recorded history. This was great for overleveraged...Read More
Aluminium LME aluminium managed to extend its upward run...ACCESS RESTRICTEDTo read the rest of this analysis please take a free sample or subscribeFREE SampleReceive a free sample of market analysis and price forecasts.Free SampleSUBSCRIBEReceive unlimited access to all current and archive content going back to 2008 including downloadable pricing data and forecasts.Plus downl...Read More