RAPAPORT... Christie's will offer a 103.49-carat diamond that could fetch up to $18 million at its upcoming New York sale.The emerald-cut, D-Flawless, type IIa stone, called the Light of Africa diamond, will headline the auction house's Magnificent Jewels sale on June 8, it said Monday. It will be among the items featured as part of Christie's luxury week.The diamond was cut from a 299.3-carat rou...Read More

RAPAPORT... Sotheby's realized HKD 295.8 million ($37.7 million) at its Hong Kong sale Friday, even as several big-ticket items didn't make the cut.A parure comprising a necklace with 176.93 carats of jadeite and diamonds, a pair of earrings and a ring was the top seller at the April 29 Magnificent Jewels sale. The set fetched HKD 46.4 million ($5.9 million), Sotheby's said last week.A cushion-sha...Read More

RAPAPORT... Tse Sui Luen (TSL) expects to report a profit for the full fiscal year amid improved consumer sentiment in mainland China.The Hong Kong-based jeweler believes it earned approximately HKD 15 million ($1.9 million) for the year that ended March 31, 2022, it said last week. That compares with a loss of HKD 44 million ($5.6 million) the previous year.Consumer sentiment in China improved du...Read More

(IDEX Online) - Fugitive diamantaire Mehul Choksi is facing new criminal charges in India, over an alleged $3m fraud.He is accused, jointly with others, of defrauding the government-controlled Industrial Finance Corporation of India Ltd (IFCI) between 2014 and 2018.Choksi (pictured), 62, already face charges, together with his nephew Nirav Modi, over the $1.8bn Punjab National Bank (PNB) fraud.He...Read More

(IDEX Online) - Brilliant Earth has ditched a promotional offer for "free diamond earrings" following a challenge from rival Blue Nile.It voluntarily pulled ads after complaints that the diamonds were lab-grown rather than mined, and the "free" offer was only available for a very limited time.Brilliant Earth, the US-based "ethical jeweler", had used the phrases "Free Diamond Earrings" and "One Day...Read More

(IDEX Online) - The IDEX Polished Price Index declined steadily throughout April, falling by over 2.1 per cent by the month end. It continued a trend set during all but the first few days of March. Before that the Index had enjoyed months of sharp increases - 5.67 per cent in January and 4.14 per cent in February. IDEX Online subscribers please click here to read the full report. Read More

(IDEX Online) - Twelve women died in a landslide at an  illegal gold mine in Indonesia.They were working two metres underground at an abandoned mine in Mandailing Natal district, North Sumatra, when a cliff collapsed, triggering the landslide on Thursday (28 April). Two women who were above ground at the time survived.Police chief Marlon Rajagukguk told local media: "The cliff around the mine...Read More

U.S. equity index futures were lower this morning. S&P 500 futures were down 9 points in pre-opening trade. Chevron slipped $0.28 to $156.39 after Truist lowered its target price from $186 to $181.Ford eased $0.05 to $14.11 after Benchmark lowered its target price from $29 to $25.Eli Lilly added $0.01 to 292.14 after Mizuho raised its target price from $315 to $356.Shopify dropped $1.82 to US$...Read More

Ukraine's suffering is under every eye…Russia's desecration of Ukraine appalls all right-thinking men. Yet many of these men insist you know of their appallment.We believe the term is "virtue signaling."They appear daily on the television, wringing their hands, rending their cloths... and gnashing their teeth.They yell about the march of evil. The murder of innocents. The fading of freedom,...Read More

The Global Reporting Initiative is an ESG standard used by the vast majority of the world's largest public companies to disclose their environmental, social and governance risks. But it only directly highlights Indigenous rights as material to a public company's sustainability reporting when a community has sued or registered a complaint against the company. It's something a coalition of 86 First...Read More

Snow Lake Lithium (NASDAQ: LITM) has provided the first results of winter drilling at the northeast extension of its Thompson Brothers (TBL) spodumene pegmatite deposit located in northwest Manitoba. These results represent only the first three of the 40 total holes that Snow Lake has submitted for analysis.The best intercept came from TBL-027, with an intersection of 1.49% LiO2 (lithium oxide) o...Read More

A recent study by KU Leuven University in Belgium shows that meeting the European Union's Green Deal goal of climate neutrality by 2050 will require 35 times more lithium and 7 to 26 times the amount of rare earth metals compared to Europe's current use.According to the paper, the energy transition will also require 30% more aluminum than what is employed today in the continent, as well as 35% mor...Read More

In what has been labelled a 'pro-mining judgment against the environment' by a non-governmental organization, Chinese-owned base metals producer MMG Inc. has won the right to continue preliminary works for a controversial mine tailings dam inside the takayna/Tarkine rainforest in Tasmania's west.In a statement released on May 2, the Hong Kong-listed and Melbourne-headquartered miner welcomed the F...Read More

Australia's South32 (LSE: S32; ASX: S32) is on track to double its green aluminum production in Brazil by early 2023 with the acquisition of an 18.2% stake in the Minera????o Rio do Norto (MRN) bauxite mine from Alcoa Corp. (NYSE: AA).The transaction represents a crucial step for the company in consolidating its vertically integrated aluminum supply chain in Brazil, bringing South32's holdings in...Read More

Alianza Minerals (TSXV: ANZ) announces that partner Allied Copper Corp. has completed an airborne magnetics survey at the Klondike Property.Read full newsRead More

Sarama Resources Ltd. ("Sarama" or the "Company") (ASX:SRR, TSXV:SWA) is pleased to announce that the Company's securities have commenced trading on the Australian Securities Exchange ("ASX") under the ASX code SRR following a strongly supported public offering which saw A$8M raised predominantly fr...Read full newsRead More

There is a quote I've been reluctant to drop in the last two months even as I've been citing a whole lot of history that mirrors what we're seeing today in everything from arms to food to global logistics."We must be the great arsenal of democracy. For us this is an emergency as serious as war itself. We must apply ourselves to our task with the same resolution, the same sense of urgency, the same...Read More

The Luxembourg-based green energy fund, Thematica Future Mobility, is the "cornerstone" backer of the raising that is pricing 22.2 million new shares at 67c each.Specifics weren't disclosed.Sovereign's Kasiya rutile project in Malawi features the largest deposit in the world, and a potential major source of "low carbon footprint critical minerals natural rutile and graphite".Natural rutile is the...Read More

Toronto-listed Nutrien, the world's largest fertilizer company, has raised its full-year 2022 adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) guidance toRead More

Share this articleVANCOUVER - Sun Summit Minerals Corp. [SMN-TSXV; SMREF-OTCQB] reported initial drill results from its winter 2022 exploration drill program and has discovered new zones of bulk-tonnage-style gold-silver-zinc mineralization on its 100%-optioned Buck property, near Houston, central British Columbia.New zones discovered of strong gold-silver-zinc mineralization included westernmost...Read More