(IDEX Online) - The Diamond Empowerment Fund (D.E.F.) has announced the recipients of its 2018 'Diamonds Do Good' Awards, to be presented at the D.E.F. annual gala on May 31 at the Four Seasons Ballroom in Las Vegas. The government of Canada's Northwest Territories will receive the Diamonds Do Good Responsible Government Award; Rolex will receive the Diamonds Do Good Global Corporate Spirit...Read More
RAPAPORT... The third Jewelry Industry Summit, originally planned forearly March, is being rescheduled to a later date due to a lack of funding,organizers said. Although the forum, which promotes sustainability andresponsible sourcing, has received a number of contributions from sponsors, theorganization claims many companies are investing their resources in their own sustainabilityprograms. The s...Read More
Good morning from Metal Bulletin's office in Shanghai, as we bring you the latest news and pricing stories on Wednesday January 17.Base metals prices on the Shanghai Futures Exchange were in two camps during Asian morning trading on Wednesday, with zinc, lead and tin prices posting marginal gains, while the others pushed lower.Check Metal Bulletin's live futures report here. SHFE snapshot at 11.31...Read More
(IDEX Online) - The International Grown Diamond Association (IGDA) said that the Gem Certification and Assurance Lab (GCAL) has joined the organization. GCAL is the first diamond and gemstone laboratory to join the organization, the IGDA said. With almost 40 members, which includes lab-grown diamond growers, distributors, suppliers, retailers and technical experts, IGDA members span the US...Read More
JOHANNESBURG (miningweekly.com) – Australia-based miner Lucapa Diamond Company is starting the year off on a high note, announcing on Wednesday that it had recovered another 100-ct plus stone at its Lulo project, in Angola.The 116 ct low-quality diamond is the second 100-ct-plus stone recovered in the first three weeks of the year, and also the tenth such diamond unearthed at the mine, which...Read More
RAPAPORT... Manufacturing Jewelers & Suppliers of America (MJSA) haslaunched a social-media marketing drive aimed at increasing millennials' interest in the jewelry industry, the trade alliance said Tuesday.The Jewelers Do It Better campaign strives to raiseawareness and interest in various jewelry styles. It also seeks to highlight the role of manufacturers and designers by featuring differen...Read More
RAPAPORT... Firestone Diamonds saw an increase in the average price achieved at its Liqhobong mine in Lesotho in the second fiscal quarter as production shifted to a higher-grade area of the operation. The company achieved $80 per carat during the three months that ended December 31, compared to $69 in the previous quarter, the miner reported Wednesday. Firestone sold 156,942 carats for $12.5...Read More
China has basically completed capacity cuts in the steel sector, said Shen Ying, general accountant of the State-owned Assets Supervision and Administration Commission (SASAC) on Wednesday January 17. Moving forward, China will push for a technology upgrade in the steel industry.In 2018, the country aims to further restructure the coal industry and reduce capacity by more than 10 mi...Read More
China has basically completed capacity cuts in the steel sector, said Shen Ying, general accountant of the State-owned Assets Supervision and Administration Commission (SASAC) on Wednesday January 17. Moving forward, China will push for a technology upgrade in the steel industry.In 2018, the country aims to further restructure the coal industry and reduce capacity by more than 10 mi...Read More
China has basically completed capacity cuts in the steel sector, said Shen Ying, general accountant of the State-owned Assets Supervision and Administration Commission (SASAC) on Wednesday January 17. Moving forward, China will push for a technology upgrade in the steel industry.In 2018, the country aims to further restructure the coal industry and reduce capacity by more than 10 mi...Read More
SHANGHAI, Jan 17 (SMM)? 1/4 ?SHFE lead stood out from the performance of other nonferrous metals on Wednesday afternoon, with a 0.6% rise. Nickel was down 2% and copper was down almost 2%. Aluminium dipped 1.8%. Zinc and tin also slid slightly.The ferrous complex also dipped. Coking coal fell 2% despite a slight rise of rebar. Coke and iron ore dipped almost 1% and hot-rolled coil slight...Read More
SHANGHAI, Jan 17 (SMM)? 1/4 ?SHFE lead stood out from the performance of other nonferrous metals on Wednesday afternoon, with a 0.6% rise. Nickel was down 2% and copper was down almost 2%. Aluminium dipped 1.8%. Zinc and tin also slid slightly.The ferrous complex also dipped. Coking coal fell 2% despite a slight rise of rebar. Coke and iron ore dipped almost 1% and hot-rolled coil slight...Read More
U.S. equity index futures were higher this morning. S&P 500 futures were up 9 points in pre-opening trade. The Canadian Dollar was quiet at US80.38 cents prior to the Bank of Canada's announcement on its overnight lending rate at 10:00 AM EST. Consensus is that rate will be increased by 0.25% to 1.25%.Frequency in release of fourth quarter reports accelerated. Companies that reported since yes...Read More
SHANGHAI, Jan 17 (SMM)? 1/4 ?SHFE lead stood out from the performance of other nonferrous metals on Wednesday afternoon, with a 0.6% rise. Nickel was down 2% and copper was down almost 2%. Aluminium dipped 1.8%. Zinc and tin also slid slightly.The ferrous complex also dipped. Coking coal fell 2% despite a slight rise of rebar. Coke and iron ore dipped almost 1% and hot-rolled coil slight...Read More
Since Hillary Clinton's defeat, Democrats have been determined to recapture the majority in Congress. Could Trump's low approval ratings and legislative shortcomings clear the path to a Democratic majority in Congress and derail his vision for America?The Contenders: Challenges and OpportunitiesOutlook for the GOPSince the 2014 midterm elections, Republicans have held a majority in both houses, wi...Read More
SHANGHAI, Jan 17 (SMM) – The LME nickel price is forecast to remain above $12,000/mt before mid-March and the SHFE nickel is set to remain over 93,000 yuan/mt, SMM believes.This is because we see little growth in the supply of primary nickel, which includes refined nickel, nickel pig iron (NPI) and other nickel smelting products, despite an increase in Indonesian nickel ore exports...Read More
Huge key reversal yesterday by U.S. equity market! The Dow Jones Industrial Average initially surged to over 26,000, but weakened through most of the day to close at a small loss. The VIX Index spiked.Technical action by S&P 500 stocks was relatively quiet given their volatility. Three stocks broke intermediate resistance (PDCO, UNH, ADP) and four stocks broke intermediate support (MAC, VNO, S...Read More
SHANGHAI, Jan 17 (SMM)? 1/4 ?Copper: LME copper is expected to trade at $7,030-7,230/mt while the SHFE 1803 contract is to trade at 53,450-54,600 yuan/mt. On the spot market, the discounts are expected to move at 160-120 yuan/mt.Aluminium: LME aluminium is expected to trade at $2,180-2,200/mt with support at the 20-day moving average while SHFE aluminium is expected to trade at 14,500-14,750...Read More
SHANGHAI, Jan 17 (SMM)? 1/4 ?Copper: LME copper is expected to trade at $7,030-7,230/mt while the SHFE 1803 contract is to trade at 53,450-54,600 yuan/mt. On the spot market, the discounts are expected to move at 160-120 yuan/mt.Aluminium: LME aluminium is expected to trade at $2,180-2,200/mt with support at the 20-day moving average while SHFE aluminium is expected to trade at 14,500-14,750...Read More
The following is a summary of our recent interview with John Kosar of Asbury Research, which can be accessed on our site here or on iTunes here.Source: Asbury ResearchSmart Money Betting Against EnergyAs WTI crude went above $50 last year, Kosar noticed that the Commitments of Traders (COT) data was showing a record net-short position among smart money hedgers in the crude...Read More