RAPAPORT... De Beers Forevermark will require its partners to sell the brand's own jewelry designs in a strategic shift aimed at achieving greater consistency.Previously, Forevermark customers were able to select loose diamonds from the brand and place them in their own or third-party designs. The company's target for implementing the change is January 1, 2023, Charles Stanley, president of D...Read More
RAPAPORT... French auction house Artcurial will offer a 17.5-carat diamond at its upcoming Monaco Luxury week, where it expects the stone will realize up to EUR 1.5 million ($1.6 million).The emerald-cut, D-color mounted diamond will lead a series of three sales, that will take place on July 18, 19 and 20, Artcurial said Tuesday. A ring bearing a 12.39-carat, fancy-intense-yellow diamond flanked b...Read More
(IDEX Online) - David Gotlib is to replace Chaim Pluczenik as president of the Antwerp World Diamond Centre (AWDC), representing the interests of its 1,600 members. He will be assisted by Sahag Arslanian and Amish Jain, who were appointed as vice presidents. Mr Gotlib (pictured), of the IDRP Group, a third-generation diamantaire, said after his appointment: "Antwerp has again demonstrate...Read More
(IDEX Online ) - De Beers and the Botswana government have again delayed agreement on a new contract for the supply of rough diamonds. The sales agreement, which governs the Debswana joint venture between both parties, was extended by a year in December 2020 and was due to be renegotiated this month. The original delay was blamed on the Covid crisis. Diamond revenue accounts for a fi...Read More
(IDEX Online) - US rapper Kendrick Lamar has revealed that Tiffany & Co made the diamond-encrusted crown of thorns he wore for the cover of his new album.It was fashioned from 50 thorns, encrusted with over 137 carats of diamonds in the form of 8,000 cobblestone micro pav?? (C) diamonds, he told British Vogue magazineLamar, 35, wore the Jesus-inspired crown on the cover of his new album of Mr....Read More
Tech Talk will be available tomorrow July 1st and Monday July 4thPre-opening Comments for Thursday June 30thU.S. equity index futures were lower this morning. S&P 500 futures were down 41 points in pre-opening trade.Index futures recovered slightly following release of the May PCE Price Index at 8:30 AM EDT. Consensus was an annual increase of 6.6% versus a gain of 6.3% in April. Actual was a...Read More
West Africa-focused gold explorer Montage Gold (TSXV: MAU) has closed a financing of approximately $20 million to fund its acquisition and subsequent development of the Mankono-Siss?(C)dougou joint venture project in C??te d'Ivoire.The financing involves the private placement of roughly 28.6 million subscription receipts, each priced at $0.70 and convertible into one common share of the company. T...Read More
Osisko Development (TSXV: ODV; NYSE: ODV) has provided an initial open-pit resource estimate for the Sapuchi, Golfo de Oro, California, High Life and Calvario deposits at its San Antonio project in Sonora state, Mexico.Indicated resources total 14.9 million tonnes grading 1.2 grams gold per tonne and 2.9 grams silver for 576,000 oz. of gold and 1.4 million oz. of silver. An additional 16.6 million...Read More
Shares of Star Diamond (TSX: DIAM) fell by more than 50% on June 29, after the company announced that Rio Tinto (NYSE: RIO; LSE: RIO; ASX: RIO) had exercised its voting power to place the Star - Orion South Diamond project on care and maintenance until the end of the year. Star Diamond holds a 25% interest in certain Fort ? la Corne kimberlites, including the Star - Orion South Diamond project...Read More
Precious metals miner Sibanye-Stillwater (NYSE: SBSW; JSE: SSW) revealed on Thursday that is in talks to take a controlling stake in Finnish lithium firm Keliber, adding that the plan is to have an 80% in the company, which aims to be Europe's first fully integrated lithium producer.The South African miner currently has a 30.3% stake, held through Keliber Oy which owns the namesake project in Fin...Read More
The mining world has quickly embraced environmental, social and governance (ESG) principles and more companies are seeing the need to meet those priorities, even on the level of investment, said Michel Brutti, founder and president of Clear Skies Investment Management, at the Mining Investment Event of the North conference on June 21."On the 'E' side, we can see there are solutions out there to go...Read More
TheMomentOfTruth, Released on 6/30/22Jim Willie is a statistical analyst in marketing research and retail forecasting. He holds a PhD in Statistics, and his career has stretched over 25 years. He aspires to thrive in the financial editor world, unencumbered by the limitations of economic credentials. Jim operates a free website called Golden Jackass.Jim Willie: America's Coming Catastrophe added b...Read More
The Layah Heilpern Show, Released on 6/30/22Danielle DiMartino Booth is the author of Fed Up, former insider at the Federal Reserve and current CEO and chief strategist for Quill Intelligence. She joined me to discuss growing recession fears and whether we're at the end of the bull-run era. We touched on Bitcoin, gold price forecast. Fears are growing as markets are pricing in more interest rate h...Read More
Gold Silver (w/ Mike Maloney), Released on 6/30/22Best-selling author, Mike Maloney of GoldSilver.com, is joined by Ronnie Stoeferle to discuss how this move could impact our already fragile economy. Ronnie has compiled the data of every single time the Fed raised interest rates, going back all the way to its creation in 1913... And only 3 of those times did NOT result in a recession... Meaning 17...Read More
Goldmoney, Released on 6/30/22Central bankers are trying to steer markets away from higher interest rates, citing growing evidence of the harm theyContinue... Alasdair Macleod: Inflation, recession, and new currencies added by Herman James on 07/01/2022View all posts by Herman James ?+'Read More
Daily Mail, Released on 6/30/22'This observation is important because long-term use of anti-anxiety medication is thought to contribute to an acceleration of dementia and how that might occur was not known,' Richard Banati, a professor at ANTSO said, per Neuroscience News.Continue... STUDY: Anti-anxiety drugs increase risk of dementia later in life added by Herman James on 07/01/2022View all posts...Read More
Fortune (via Yahoo Finance), Released on 6/30/22"As long as it takes, so Russia cannot, in fact, defeat Ukraine and move beyond Ukraine," Biden said."If it's my fault, why is it the case in every other major industrial country in the world that inflation is higher? You ask yourself that?" he said. "I'm not being a wise guy."Continue... Biden tells Americans angry about high gas prices that they'll...Read More
While gold and silver prices have fluctuated somewhat oflate, both assets were performing a little more solidly throughout US tradinglast week. In fact, August gold futures were up by around $6.90 at$1,828.10 by Wednesday last week, while JulyComplex silver futures increased by $0.054 to $20.86 per ounceduring the same timeframe. However, the market remained watchful head of a highlyanticipated ce...Read More
(IDEX Online) - There were many losses in June, as there were in May. The war continues in Ukraine, as do the sanctions on Russian rough, and Indian manufacturers are still filling the supply gaps, especially among smalls, by switching to lab grown. In May we saw more increase among goods over 2.0-cts seeking refuge from the stock market. In June those increases were limited to goods over 4.0-cts....Read More
The landmark ruling by the Supreme Court to curb the EPA's powers to force a reduction in carbon emissions from coal and gas-fired power stations is seen as a major setback to President Joe Biden's climate policies.Biden termed the Court's ruling "another devastating decision that aims to take our country backwards".The NMA, whose members include over 250 firms involved in the mining and supply in...Read More