RAPAPORT... Macy's noted strong sales of higher-end jewelry during theholiday season, though lower-priced items were weaker. Fine jewelry was one of seven categories the retailerhighlighted for their positive performances during November and December.However, sales of fashion jewelry and fashion watches missed expectations, itadded in the holiday-sales update Thursday. The department store l...Read More
RAPAPORT... Antwerp-headquartered diamond manufacturer IGC Group hasappointed Kim Pelletier as president of its fine-jewelry division, IGC BrandServices.The Chicago-based subsidiary manufactures diamonds, designs jewelry, and distributes the Naledi brand of engagements rings.Pelletier will oversee the company's growth by developing its contacts withretailers across North America and expanding...Read More
RAPAPORT... Michael Hill has appointed Andrea Slingsby as chiefoperating officer, it said Wednesday. "Her unique experience in people-focused, fast-growingcompanies, business-model improvement and operational excellence is a majorbenefit for Michael Hill as we implement our strategy to become a globallyrelevant leader in the premium-jewelry category," said Daniel Bracken, CEO ofMichael Hill. Slin...Read More
(IDEX Online) - IDEX Online has launched the 2019 edition of its much-anticipated annual Trade Fair Guide. The guide provides extensive details regarding a wide range of trade fairs taking place this year, including dates, venues and contact information. It also provides information relating to De Beers' sales dates in 2019, and ALROSA's dates for publishing details of its...Read More
(IDEX Online) - Diamond Foundry, the manufacturer of lab-grown diamonds, said it raised its prices by an average of 15% across all channels as of January 1. "After careful monitoring of the market situation over the past months, we see demand increasingly outpacing supply," the firm said in a statement. "This is due to the increase in size and frequency that buyers in the diamond industry a...Read More
(IDEX Online) - Tiffany & Co. plans to share information on a diamond's complete journey through the supply chain - from mine to where it was cut and polished - by 2020 in what the retailer says would be an industry first. The move is part of the firm's aim of telling customers where its diamonds come from in a bid to boost consumer confidence by increasing its business transparenc...Read More
Kyzyl ramp-up signals new growth path at buoyant PolymetalSPONSOREDpolymetal internationalIn releasing its December quarter production results yesterday, the miner said it had exceeded its updated gold guidance, while copper production was in line with forecasts.Read More
PolarX builds bigger, richer Zackly pictureSPONSOREDpolar x limitedThe wire service quoted Collahuasi CEO Jorge Gómez telling reporters at an event in Santiago that it was seeking synergies with operations in the Tarapaca area, including sharing pipe and power lines and potentially desalinated water as water shortages were becoming an issue."It does not make much sense that two companies so...Read More
Three-month base metals prices on the London Metal Exchange were for the most part little changed this morning, Thursday January 10. The exceptions were nickel that was up by 0.4% and lead that was up by 0.6%. The three-month copper price was up by 0.1% at $5,972 per tonne, with the high so far on Thursday being $5,985.50 per tonne. Volume across the complex has been average with 5,342 lots traded...Read More
U.S. equity index futures were lower this morning. S&P 500 futures were down 9 points in pre-opening trade. Index futures were virtually unchanged following release of the Weekly Jobless Claims report at 8:30 AM EST. Consensus was a drop 225,000 from an upwardly revised 233,000 last week. Actual was 216,000. Twitter gained $1.06 to $33.31 after Bank of America/Merrill upgraded the stock to Buy...Read More
In their last official duty as student-athletes, Brody Oliver and Jennifer Kendall stood on either side of the commencement podium and launched into the Mines fight song:I wish I had a barrel of rum and sugar three hundred pounds,The college bell to mix it in and a clapper to stir it 'round.Like every honest fellow, I take my whiskey clear,I'm a ramblin' wreck from Golden Tech, a helluva engineer....Read More
Tracy Camp, professor and head of the Computer Science Department at Colorado School of Mines, and master's student Sarah Person recently discussed with 9News a free computer science workshop that Mines will be offering this spring and summer to elementary school teachers across the state of Colorado. Up to 1,500 elementary school teachers across Colorado could receive training this year to teach...Read More
Mahenge the Cinderella of the graphite space?SPONSOREDblack rock miningSky is the limit for BSK at Amarillo GrandeSPONSOREDblue sky uraniumNew Energy brings experience to new dawnSPONSOREDnew energy mineralsSustained investment in people a big plus for consultancySPONSOREDbyrnecutThe idea that two otherwise identical companies can produce divergent investment returns simply through differing numbe...Read More
Lucara sells large diamonds for US$32.5mPrecious stonesMahenge the Cinderella of the graphite space?SPONSOREDblack rock miningSky is the limit for BSK at Amarillo GrandeSPONSOREDblue sky uraniumNew Energy brings experience to new dawnSPONSOREDnew energy mineralsIn 2014 China invested more than US$239 billion in oil and gas and mineral exploration; that same year, private investment in US explorati...Read More
Jason talks about new comments from Jerome Powell and other Fed members about how the Fed may either be reducing the amount of planned interest rate hikes in 2019 from 3 down to 1 or maybe even zero!Read More
Gregory Mannarino started his financial career working for the securities and trading arm of the now defunct Bear Stearns before the dot-com bubble. He is an active trader of the capital markets and has published several books pertaining to finance, global economics, and equity trading; His most recent book is titled Ultimate Guide To Money and The Markets (free ebook). Gregory currently hosts a b...Read More
Hackers broke into the US electric grid with spearphishing techniques targeting contractors with system access.Continue...Read More
Last year yielded positive results for Aim-listed diamond miner BlueRock Diamonds, which achieved significant increases in production and recovered grade, and saw its diamond sales increase by 71% to 5 805 ct, compared with the 3 385 ct sold in 2017.Production volume for the miner, which owns and operates the Kareevlei diamond mine, near Kimberley, increased by 24% to 189 999 t, compared...Read More
We took command of The Daily Reckoning fully aware of the bodily risk, reduced here to words by our co-founder Bill Bonner:In our trade as newsletter publishers, hardly a day passes without a good laugh. Our only occupational hazard is a rupture of the midriff.Each day tosses up a fresh roster of fools, scoundrels, frauds, knaves, rogues, ne'er-do-wells, world improvers, lunatics and pitchmen.Some...Read More
Normally, this would be ironic: The Fed doesn't need to borrow; it creates money when it needs some. So it wouldn't pay interest. But these are not normal times.Continue...Read More