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RAPAPORT... The diamond market is showing contradictory signs as to whether the recent positive growth trend will continue for the remainder of this year and into 2022. Polished-diamond prices continue to rise even though inventory levels are also increasing, fueling concerns that the uptrend may not be sustainable. Meanwhile, diamond jewelry sales have bounced back and are exceeding pre-pandemic...Read More

RAPAPORT... Alrosa may increase its 2021 production plan in response to diamond shortages and rampant demand, management said after announcing sky-high quarterly results."The market is recovering faster than we predicted," commented Alexey Philippovskiy, the Russian miner's chief financial officer, in a statement Friday. "Meanwhile, diamond supply is still 20% below the pre-Covid-19 levels, a...Read More

RAPAPORT... US jeweler Stuller has decided to forgo attending the JCK Las Vegas shows amid a new wave of Covid-19 cases.The Louisiana-based jewelry wholesaler has been a longtime participant in the event. However, it believes the current state of the virus makes travel to the show unsafe for everyone involved, it said last week."With the recent resurgence of the Covid-19 Delta variant and its conc...Read More

(IDEX Online) - The last ever Argyle Pink Diamonds Tender is to take place, following the closure of the iconic mine in Australia last November.A collection of 70 pink, red and blue diamonds, with a combined weight of 81.63 carats, will be offered to invited buyers, with bids closing on 1 October.Headline gem is the 3.47-ct Argyle Eclipse, the largest fancy intense pink diamond ever offered in the...Read More

(IDEX Online) - A pair of diamond pendant earrings sold for an Australian record price of US$590,000.They were the priciest lot in the online and phone auction by Melbourne-based Leonard Joel, selling mid-way between the high and low pre-sale estimates US$550,000 and US$620,000 (all prices IBP).The earrings (pictured) featured an 8.88-ct and an 8.76-ct diamond, both claw set, cushion modified bril...Read More

(IDEX Online) - A New York designer is producing the ultimate in personalized jewelry by cutting rough diamonds into letters.They've overcome technical challenges to produce custom-cut Alphabet Diamonds - each weighing between 0.25-ct and 0.50-ct, with a platinum setting and hung on a 14-karat yellow gold chain.K Kane puts the emphasis on personalized jewelry. Customers can choose anything fr...Read More

BISHKEK (Reuters) -Kyrgyzstan has established enough evidence to press on with removing Canada's Centerra Gold from the Kumtor gold mine, the state security service and prosecutors said on Wednesday.The security service is investigating possible corruption in the deal that gave Centerra control over the country's biggest gold mine and subsequent amendments to the pact.A spokesperson for...Read More

VANCOUVER, BC / ACCESSWIRE / August 10, 2021 / Maxtech Ventures Inc. ("Maxtech" or the "Company") (CSE:MVT)(FRA:M1N)(OTC PINK:MTEHF) is pleased to announce assay results from its continuing Phase One diamond drilling program on the St Anthony gold mine property located in the Kenora-Patricia Mining District, Ontario. Update on the program: Metallic screen fire assay (Au-SCR21) [...]Read full newsRead More

Investors seeking a top-notch mining stock don’t have to go far in Canada. Indeed, Canada has some of the most undervalued mining stocks on the market right now. Accordingly, the TSX happens to be one of my favourite places to look for value today.In the mining world, copper and base metals miners have become focal points of late. The rapid rise (followed by a significant selloff) in this se...Read More

Barrick Gold (TSX:ABX)(NYSE:GOLD) is down 20% in 2021 and off 35% in the past 12 months. The terrible performance of the gold mining sector while the TSX Index hits record highs has some contrarian investor wondering if this is a good time to buy Barrick Gold and other mining stocks.Earnings resultsBarrick Gold reported steady Q2 2021 results, despite a hit due to a mechanical mill failure at its...Read More

The price of gold experienced a bit of a flash crash on Monday morning due to a combination of factors including liquidity issues and strength of the U.S. dollar.Gold for December delivery fell to as low as $1,675 an ounce. It was the first time the yellow metal has traded below $1,700 since March 2020.Gold Price - 5 DaysThe price of gold has recovered a bit since Monday's event. But the crash has...Read More

Here are five Fastmarkets stories you might have missed on Monday August 16 that are worth another look.Apparent steel use in the European Union will increase by 11.2% year on year in 2021, the European steel association Eurofer said in the week to August 16.A lack of available containers for shipments out...Read More

Prices on the London Metal Exchange were mixed at the close on Monday August 16, with only tin making a solid advance, while the rest of the metals were either down or around their Friday levels. Tin's three-month price was up to $35,680 per tonne on Monday, up 1% from last Friday's closing price of $35,680 per tonne. It reached its latest all-time high of $35,955 per tonne on Thursday of last wee...Read More

Fastmarkets has identified a necessary clarification to the nickel sulfate specification with regard to timing of loading.The timing of loading for Fastmarkets' nickel sulfate ex-works China price assessment is within seven days, which was not reflected in the specifications when the price assessment was launched in July 2018.Fastmarkets confirms that the specifications are as follows, with the cl...Read More

"The market seeing particular importance for this set given it is the first release since the Delta COVID resurgence began to take hold," Marex's Alastair Munro said from the LME desk.Copper was down more than 1%, despite ongoing strike action at key mines in Chile and a suspension at Teck Resources' Highland Valley Copper operations in British Columbia due to wildfire activity.Teck shares (TSX: T...Read More

Froneman, who took the helm in January 2013 and transformed Sibanye-Stillwater from a 1.5 million ounce South Africa-based gold producer into an international miner ranking among the world's top three PGM producers, received the 2021 Brigadier Stokes award last week during SAIMM's online AGM."When I look at the list of past recipients comprising eminent individuals who have left an indelible mark...Read More

A lack of available containers for shipments out of the main Peruvian port of Callao, and shipping costs that have tripled since the start of this year, were hampering exports of copper, zinc and lead from the South American country, even as mine production was recovering from shutdowns in 2020 that were forced by the Covid-19 pandemic.Peru was the world's third-largest producer of zinc in 2020 an...Read More

Seaborne low- and high-grade manganese ore prices ticked downward in the week to Friday August 13 under pressure from portside markets, where weaknesses have persisted over the past month, despite higher freight rates and a steady performance by the manganese alloy sector.Fastmarkets calculated its weekly index for manganese ore, 44% Mn, cif Tianjin, at $5.32 per dry metric tonne unit (dmtu) on Fr...Read More

China's nickel pig iron (NPI) prices decreased in the week to Friday August 13 amid a tumbling stainless steel market, though the stable cost of ore upstream kept them from falling rapidly.Fastmarkets assessed the nickel pig iron, high-grade NPI content 10-15%, spot, ddp China at 1,380-1,420 yuan ($213-219) per nickel unit last Friday, down by 10 yuan per tonne from 1,390-1,430 yuan a week earlier...Read More