RAPAPORT... The diamond industry has come out of the Covid-19 pandemic much better than expected. While many have gone through and continue to go through extremely difficult times, some companies, particularly large firms, have prospered. For the first four months of 2021, total Indian polished exports were up 76% year on year, US polished imports rose 56% and rough sales at Alrosa and De Beers in...Read More

RAPAPORT... China's diamond trade bounced back in the first half of the year as the country's economy recovered from the Covid-19 pandemic.Polished imports - after returns of unsold goods - came to $1.58 billion, more than for all of 2020 and 49% higher than in the same period of 2019, the Shanghai Diamond Exchange (SDE) reported Monday. Total rough and polished shipments in and out of the SD...Read More

RAPAPORT... Israel's polished-diamond exports jumped in June, albeit at a gentler rate than in previous months, as the country's trade benefited from a rebound in global demand.Shipments after returns rose 75% year on year to $289.7 million for the month, the Ministry of Economy and Industry said Monday. Export volume increased 66% to 125,119 carats, while the average price advanced 6% to $2,...Read More

RAPAPORT... Nearly one-third of consumers increased their spending on jewelry during the pandemic, according to a survey by The Plumb Club.Much of that was due to participation in remote meetings, The Plumb Club said Monday. Some 41% of respondents stated they were more tempted to wear jewelry that was easily visible during online gatherings, and 23% indicated they were wearing jewelry more freque...Read More

(IDEX Online) - Diamond jewelry that belonged to Sammy Davis Jr is to be auctioned next week (20 July).Five lots are being offered at the Bonhams California Jewels sale, among them a fancy brown diamond ring seen in many performance photos (estimated at $7,000-9,000).Davis, who died in 1990, was an icon of the US entertainment industry and part of the "Rat Pack", alongside Frank Sinatra, Dean Mart...Read More

Access our research platformsSign-in to our platforms to access our extensive research, our latest insight, data and analytics and to connect to our industry experts.To quote Elon Musk, “We are running the most dangerous experiment in history right now, which is to see how much carbon dioxide the atmosphere can handle before there is an environmental catastrophe.” What was once a heate...Read More

RAPAPORT... At the halfway point of 2021, the Rapaport Diamond Podcast reflects on the core issues driving the recovery in the diamond market. With prices on the rise and optimism driving the market forward, should the trade even be questioning whether the momentum will continue? In episode 46, the Rapaport editorial team draws lessons from the major jewelers in the US and China, who appear t...Read More

(IDEX Online) - De Beers hiked its rough prices yet again as Sight 6 opened yesterday in Gabarone.Better quality stones are reportedly up by five per cent as the midstream clamors to re-stock, consumer demand rallies in the USA and China - and production at the mines fails to keep up.De Beers has raised prices at almost every Sight this year, after Covid devastated its 2020 sales. Increases at the...Read More

RAPAPORT... De Beers has made its second big-money rough purchase from Petra Diamonds in less than a year, snapping up a 39.34-carat, blue stone for more than $40 million.The famed mining company partnered with manufacturer Diacore to buy the type IIb diamond, which Petra unearthed at its Cullinan mine in South Africa in April. The final price was $40.2 million, or just over $1 million per ca...Read More

Access our research platformsSign-in to our platforms to access our extensive research, our latest insight, data and analytics and to connect to our industry experts.The outbreak of coronavirus, the oil price crash and the impending global recession present an enormous challenge for energy and natural resources. How are you keeping up with the spread of Covid-19 and its impact on your sector?We&rs...Read More

Access our research platformsSign-in to our platforms to access our extensive research, our latest insight, data and analytics and to connect to our industry experts.The most important driver of the zinc market in 2020 will be the performance of the world’s zinc smelting industry, according to Wood Mackenzie.The easing of trade tensions between the US and China, the struggling manufacturing...Read More

(IDEX Online) - An exceptional 39.34-carat blue rough diamond has been sold for over $40m.The Type IIb diamond (pictured), was recovered by Petra at its Cullinan mine, South Africa, in April, and was sold yesterday for an up-front cash payment to a partnership between De Beers and Diacore.The price paid was $1,021,357 per carat, slightly less than the $1,156,000 per rough carat paid for another di...Read More

Access our research platformsSign-in to our platforms to access our extensive research, our latest insight, data and analytics and to connect to our industry experts.The coronavirus pandemic has had a massive impact on every part of the global economic system. In response, unprecedented stimulus measures have boosted many countries’ debt-to-GDP ratios to levels not seen since WWII. But even...Read More

Access our research platformsSign-in to our platforms to access our extensive research, our latest insight, data and analytics and to connect to our industry experts.Why is zinc expected to see significantly higher zinc prices later this decade?A spate of scheduled mine closures, an underdeveloped project pipeline and steady demand growth is expected to provide the basis for significantly higher z...Read More

Access our research platformsSign-in to our platforms to access our extensive research, our latest insight, data and analytics and to connect to our industry experts.Back before coronavirus knocked “normal” out cold, the key issues for miners were sub-investment prices, rising requirements for ESG and decarbonisation. How things change. So while our base case view is that the recession...Read More

Flat steel import prices into the United Arab Emirates and Saudi Arabia moved both up and down during the week ended Tuesday July 13 because of global price fluctuations, with market activity soft during the week before the Eid al-Adha religious holiday, sources told Fastmarkets.The Islamic Eid al-Adha holiday was expected to start next week.HRC prices from China have been decreasing recently as w...Read More

Domestic prices for hot-rolled coil in both Northern Europe and Italy were fairly stable day on day on Tuesday July 13 due to the start of the seasonal summer slowdown, sources told Fastmarkets.Buyers have been reported to be largely inactive in the market. They have also been holding back from acquiring substantial volumes over the past few weeks, mainly due to still-high prices, long lead times,...Read More

According to Geoscience Australia, as of the start of 2020, South Australia hosted 67% of Australia's economic demonstrated copper resources, followed by New South Wales (14%), Queensland (11%) and WARead More

Futures prices for nickel, aluminium and tin were higher at the 5pm close on July 13 on the London Metal Exchange, despite a spike in the United States Dollar Index after the release of US consumer price index readings. Aluminium's three-month price was the best performer on the LME on Tuesday, with a 1.8% gain on Monday's price to $2,535.50 per tonne. Over 15,000 lots of aluminium were traded by...Read More

Copper production from the company's Riotinto mine in Spain amounted to 14,353 tonnes, up 2.7% on the previous quarter and 5.3 % higher than Q2 2020.Read More