RAPAPORT... Shares in Titan Company rose after the retailer reported growthin revenue and profit in the second fiscal quarter. Sales jumped 28% to INR 45.95 billion ($630.2 million) inthe three months ending September 30, while profit climbed 8% to INR 3.01billion ($41.3 million), the Indian company said last week. Jewelry sales grew29% to INR 35.8236.45billion ($491.3499.9million) during the...Read More
RAPAPORT... Fellows sold a 14-carat diamond ring for more thandouble its estimate following a bidding war at its auction in Birmingham, UK,last week. The emerald-cut, 13.86-carat, H-color, VS2-clarity stone fetchedGBP 310,500 ($399,680) against a presale estimate of GBP 100,000 to GBP 150,000($128,700 to $193,100), the UK auction house said. A diamond-fringe necklace fetched GBP 177,160 ($22...Read More
RAPAPORT... De Beers significantly reduced prices of lower-quality rough diamonds at this week's sight in response to a slowdown in the Indian manufacturingsector, dealers reported. Prices fell by high-single-digit percentages versus theprevious sale, sightholders told Rapaport News Tuesday. The drops were for roughcosting $100 per carat or less, including both small and large stones thatproduce p...Read More
(IDEX Online) - A D color, internally flawless step-cut diamond weighing 24.31 carats will go under the hammer at Bonhams London Jewellery sale on December 5. Estimated to sell for $1,700,000 - $2,300,000, the diamond is from a private collection and this is the first time it has come to auction. Emily Barber, Director of Jewellery at Bonhams UK, said: "This diamond is a magnif...Read More
(IDEX Online) - Graff Diamonds has unveiled more than 60 polished diamonds that were cut the 1,109 carat Lesedi La Rona stone, the largest rough diamond found in more than a century. Graff said that following more than a year of detailed analysis, cutting and polishing by its team of gemologists and master craftsmen, diamonds ranging in size from under one carat to in excess of 100 carats h...Read More
(IDEX Online) - The dates of the Oroarezzo show that promotes Made in Italy gold and jewelry is being brought forward to April 6-9, said the organizers, the Italian Exhibition Group (IEG). The show takes place at the Arezzo Fiere e Congressi and was previously due to be held in early May. IEG's decision to bring the Arezzo event forward was taken in order to better fit in with the...Read More
The shareholders of Canadian diamond miner Mountain Province have missed out on a third-quarter dividend, owing to difficult trading conditions in the lower-end segment of the diamond market.Mountain Province recently paid shareholders a maiden dividend of 4c a share, but said late on Monday that it had chosen to reduce its debt, rather than declaring another dividend this year, as it continued to...Read More
Mineral exploration and development company Kodal Minerals has received assay results for the first two diamond drill holes completed during the wet season at the Sogola-Baoule and Boumou prospects on the company’s 450 km2 Bougouni lithium project, in southern Mali.The diamond core intersections confirm the geological model and continue to extend mineralisation.AdvertisementIntersections inc...Read More
RAPAPORT... Shares in Titan Company rose after the retailer reported growthin revenue and profit in the second fiscal quarter. Sales jumped 28% to INR 45.95 billion ($630.2 million) inthe three months ending September 30, while profit climbed 8% to INR 3.01billion ($41.3 million), the Indian company said last week. Jewelry sales grew29% to INR 35.8236.45billion ($491.3499.9million) during the...Read More
RIP Stan Lee...China had an extremely exuberant session overnight with CHINEXT (China's small cap/tech index) exploding almost 3.5% higher...Read full newsRead More
Two miles below Earth's surface, scientists found animal life in a South African gold mine. They wonder: If life can exist there, could it exist on Mars?Read full newsRead More
(Kitco News) - It takes three times as much energy to produce one dollar’s worth of bitcoin than one dollar’s worth of gold, according to a new research study.More specifically, it requires seventeen megajoules of energy to digitally mine one dollar's worth of bitcoin versus five megajoules needed to physically mine the same value in gold, said the report titled ‘Quantification O...Read More
(Kitco News) - It takes three times as much energy to produce one dollar’s worth of bitcoin than one dollar’s worth of gold, according to a new research study.More specifically, it requires seventeen megajoules of energy to digitally mine one dollar's worth of bitcoin versus five megajoules needed to physically mine the same value in gold, said the report titled ‘Quantification O...Read More
"Stay tuned to @ArcticStarExpl - This could be Finlands premier diamond play -right in the same crater as the grib! https://t.co/zjgIWY6yBz#ArcticStar $ADD $ADD.CA $ADD.V #Finland #Diamond #Mining #smallcap #momentumstocksUnderstanding diamond clarity: https://t.co/NV5KdhHdvj"Read full newsRead More
Gold needs to trade over $1205 to prevent a crash. Silver needs to trade over $1402 to prevent a crash. Direction of the US dollar will be the key. Crude oil should rise as oil producing nations prepare for oil production cuts. It seems crude oil producing nations want the average nymex crude oil price to be over $66. Over shooting will happen whenever there is more global demand like the Chri...Read More
CloseGain/LossGold $1201.50-$8.40Silver$14.01-$0.16XAU62.65-2.36%HUI140.33-2.15%GDM519.17-2.03%JSE Gold1096.10-2.01USD97.59+0.69Euro112.21-1.18Yen87.97-0.06Oil$59.93-$0.2610-Year3.184%-0.006T-Bond138.53125+0.625Dow25387.18-2.32%Nasdaq7200.87-2.78%S&P2726.22-1.97% The Metals: Gold fell $5.90 to $1204.00 in Asia before it rebounded in London, but it then fell to a new session low of $1200.70...Read More
Gold needs to trade over $1205 to prevent a crash. Silver needs to trade over $1402 to prevent a crash. Direction of the US dollar will be the key. Crude oil should rise as oil producing nations prepare for oil production cuts. It seems crude oil producing nations want the average nymex crude oil price to be over $66. Over shooting will happen whenever there is more global demand like the Chri...Read More
According to research released yesterday, small-scale gold mining has led to the destruction of more than 170,000 acres of primary rainforest in the Peruvian Amazon over the past five years. Scientists based in Peru's Madre de Dios region at Wake Forest University's Center for Amazonian Scientific Innovation (CINCIA) say they've developed a new method for [...]Read full newsRead More
WASHINGTON (Reuters) - The U.S. Commerce Department has submitted draft recommendations to the White House on its investigation into whether to impose tariffs of up to 25 percent on imported cars and parts on national security grounds, two administration officials said.The “Section 232” recommendations on ensuring a healthy U.S. auto industry are undergoing an interagency review proces...Read More
Jessica Resnick-AultNEW YORK (Reuters) - U.S. crude prices fell for the 11th consecutive session, the most on record since the contract began trading, retreating from a rally early in the session as U.S. President Donald Trump said he hoped there would be no oil output reductions.Trump’s comment followed remarks from Saudi Arabia’s energy minister saying OPEC was considering cutting su...Read More