Gold has big year in 2020 and outlook for this year robust. Learn about monetary expansion and gold future prices.Read More
The gold futures price reached US$1,767/ounce this week before retreating, which was the second time it has surpassed US$1,760 in the past two months, marking some of gold's highest levels in several years.Read More
RAPAPORT... Rio Tinto wants to buy a 60% stake in the Star-Orion South diamond exploration site in Canada for CAD 70.5million ($53.3 million), according to project owner Star Diamond Corp. In 2017, Rio Tinto entered into a joint-venture deal under which it had the right to acquire shares in the proposed mine. Its decision to opt in fully to the project comes five years earlier than the origin...Read More
RAPAPORT... US retail sales showed "particularly impressive" growth inOctober as shoppers prepared for the upcoming holiday season, according to the National Retail Federation (NRF). Total purchases for October - excluding automobiles,gasoline and restaurants - rose 0.2% compared to the previous month, accordingto data the NRF published Friday. Monthly salesclimbed 4.2% year on year for the period...Read More
RAPAPORT... A pair of blue diamond earrings will lead a sale of finejewels at Bonhams that includes pieces from the estate of former New YorkYankees owner George Steinbrenner's wife. The set features a marquise-shaped brilliant cut,fancy-intense-blue diamond with VS1-clarity, weighing 1.81 carats, and anoval-shaped modified brilliant-cut, fancy-blue diamond, weighing 1.62 carats. Thosestones are t...Read More
RAPAPORT... Petra Diamonds sold a 20.08-carat blue diamond from itsCullinan mine in South Africa for just under $15 million, it said Friday. "We are very pleased with this result, which is in line withour expectations and confirms the resilience in the value of very high-qualityblue diamonds," said Petra CEO Richard Duffy. "We look forward to followingthis exceptional stone's journey to its polish...Read More
(IDEX Online) - As part of its plan to grow its diamond mining sector, the government of Zimbabwe has cut mining royalties from 15 percent to 10 percent of gross revenue, according to reports in Zimbabwe's The Sunday Mail.In his budget, Finance and Economic Development Minister Professor Mthuli Ncube pointed out the difficulty of extracting diamonds from deep deposits. The cut in royalties re...Read More
(IDEX Online) - Petra Diamonds Limited has sold the 20.08-carat blue diamond recovered from the Cullinan Mine in South Africa in September 2019 for $14.9 million.The buyer, an anonymous diamond company, paid $741,000 per carat for the gem-quality Type llb diamond."We are very pleased with this result which is in line with our expectations and confirms the resilience in the value of very high quali...Read More
(IDEX Online) - Alrosa's latest sale of special size rough diamonds (stones weighing over 10.8 carats) held in New York generated $11 million in revenue.The company sold 93 rough diamonds with a total weight of 1,560 carats, which the company said was its best result in the past few months. "This year's last auction in the U.S. performed well," said Evgeny Agureev, deputy CEO of Alr...Read More
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VANCOUVER ,Nov. 14, 2019/CNW/ - Mineral Mountain Resources Ltd. and Mineral Mountain Resources (SD) Inc. (Read full newsRead More
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