RAPAPORT... De Beers will offer widened concessions to purchasers of larger rough diamonds at its upcoming sight as trading has slowed amid difficult market conditions.The miner will increase its "buyback" allowance to 20% for 1-carat goods and up at the sale, which begins later this month, industry insiders told Rapaport News this week.Buybacks are a mechanism enabling sightholders to sell 1...Read More
RAPAPORT... Hearts on Fire has appointed Barbara Ng as head of product management, a newly created position at the jewelry brand.Ng was most recently president of the total jewelry solutions department at Hearts on Fire parent company Chow Tai Fook. She has also led supply chain and manufacturing operations for various multinational companies in Hong Kong, Hearts on Fire said Wednesday.In her new...Read More
RAPAPORT... Brilliant Earth is working on a new initiative to reduce the amount of mercury used in gold mining throughout the Peruvian Amazon and to create a Fairmined ecological supply chain."Harmful supply chain practices are typically used to mine gold, but little has been done to create impactful solutions to help those involved in it, with the focus on keeping costs lower," Brilliant Earth CE...Read More
RAPAPORT... Zales will offer a new collection of bridal jewelry featuring larger lab-grown diamonds ranging from 1 to 3 carats.The products are the result of a partnership between the Signet Jewelers-owned store chain and wedding-dress retailer Kleinfeld. They were inspired by bridal details such as lace accents, floral appliqu?(C)and flowy movements, Zales said Monday. As part of the collabo...Read More
(IDEX Online) - De Beers is reportedly easing its buyback terms for sight holders - an indication that the post-lockdown surge in demand is well and truly over.In a memo issued last Friday, the UK-based miner said it would give buyers increased freedom to refuse stones they don't want at the sight currently taking place in Gaborone, Botswana.They're now able to reject 20 per cent of good...Read More
(IDEX Online) - The appointment of Rishi Sunak as Britain's new prime has again provoked calls for the Koh-i-Noor diamond to be returned to India.On Monday Mr Sunak, 42, (pictured) became the country's first leader of Indian origin, fueling hopes that he may respond more favorably to calls for him to intervene.The iconic 105.6-ct Type IIa D-color gem, center-piece of the late Queen...Read More
(IDEX Online) - Petra produced and sold fewer diamonds in the first quarter, ending 30 September, according to the company's latest operating update.Revenue was down nine per cent year-on-year to $104.3m. It sold 520,011 carats, down 10 per cent.The UK-based miner said it had benefitted from a weaker rand, and it was closely monitoring current macro-economic uncertainties.Petra, which has min...Read More
U.S. equity index futures were lower this morning. S&P 500 futures were down 31 points in pre-opening trade.Canadian focus today is on the Bank of Canada's announcement at 10:00 AM EDT. Consensus is that the Bank of Canada will raise its lending rate to major Canadian banks by another 0.75% to 4.00%.Alphabet $GOOGL dropped $5.00 to $99.56 after reporting less than consensus third quarter reven...Read More
The Chilean government has presented a bill to the Senate's Mining and Energy committee that "significantly reformulates the mining royalty bill," the finance ministry said in a statement on Tuesday.Finance Minister Mario Marcel said recent discussions have helped "find an alternative that better balances out the goals of the collection with growth and the industry's development."The bill proposes...Read More
First Quantum Minerals (TSX: FM) has reported considerably lower third-quarter financial results, citing margin compression because of a declining copper price, cost inflation, and challenged performance from its Kansanshi copper mine in northwestern Zambia.The Toronto-domiciled base metals major reported that headline earnings fell 72% quarter-on-quarter from US$337 million in the second quarter...Read More
Denison Mines (TSX: DML; NYSE: DNN) has filed its environmental impact statement (EIS) with the Saskatchewan Ministry of Environment and the Canadian Nuclear Safety Commission, reaching another milestone for its Wheeler River uranium project in northern Saskatchewan. The EIS outlines the company's assessment of the potential effects (including applicable mitigation measures) of the proposed in-si...Read More
Hochschild Mining (LSE: HOC; US-OTC: HCHDF) has discovered a new zone to the west of operations at its Pallancata silver-gold mine in southern Peru.The new area, called Royropata, is not in the current permitted area, but the company believes that the discovery "has the potential to secure the medium-term future of the Pallancata mine."Highlights from the discovery include 17.6 metres grading 8.5...Read More
Earlier this month Mantoro Precious Metals (TSXV: MNTR; US-OTC: MSLVF) reported results from the first drill hole at the La Escarcha gold deposit on its Golden Hill project in Bolivia, 140 km northeast of Santa Cruz, the country's second-largest city.The first drill hole returned 4.69 metres of 5.15 grams gold per tonne starting 171.5 metres downhole, including 2.2 metres of 9.38 grams gold, in dr...Read More
Liberty and Finance, Released on 10/26/22 (Recorded on 10/25/22)Demand for physical metal has been extreme, almost completely wiping out wholesalers and depleting the major exchanges' reserves. "I would be surprised if there is metal available for fiat [currency] by the end of the year," says Bill Holter, contributor at JSMineSet. He believes a major economic crisis is ahead. The coming crisis is...Read More
Rule Investment Media, Released on 10/26/22Rick Rule, founder and chairman of Sprott Global Resource Investments Ltd., began his career in the securities business in 1974. He is a leading American retail broker specializing in mining, energy, water utilities, forest products and agriculture. His company has built a national reputation on taking advantage of global opportunities in the oil and gas,...Read More
George Gammon, Released on 10/26/22George Edward Gammon is an American real estate investor and entrepreneur. He produces and stars in a popular YouTube Channel. Prior to 2012, George started, owned, and operated multiple businesses ranging from conventions to advertising. The last growing to 24 million in annual revenues and over 100 employees. After 12 years as a successful entrepreneur, at the...Read More
Kitco News, Released on 10/26/22Axel Merk, CIO and founder of Merk Investments, discusses the outlook for gold, inflation, and the economy, with David Lin, Anchor for Kitco News.0:00 - Gold price performance5:00 - Inflation breakdown11:11 - Home prices16:49 - The Fed will 'break' something20:42 - Gold and geopolitical risks Follow David Lin on Twitter: @davidlin_TV (https://twitter.com/davidlin_TV...Read More
Fox Business, Released on 10/26/22George Edward Gammon is an American real estate investor and entrepreneur. He produces and stars in a popular YouTube Channel. Prior to 2012, George started, owned, and operated multiple businesses ranging from conventions to advertising. The last growing to 24 million in annual revenues and over 100 employees. After 12 years as a successful entrepreneur, at the a...Read More
WTFinance, Released on 10/26/22 (Recorded on 10/22/22)Interview recorded - 22nd of October, 2022During the interview we talked about Michael's investment strategy, the challenges the markets are currently experiencing, how precious metals may replace bonds as the safe haven asset in the US and potential for a continued strong US Dollar for the near future. I hope you enjoy!0:00 - Introduction0:20...Read More
Politico, Released on 10/26/22The United States has accelerated the fielding of a more accurate version of its mainstay nuclear bombContinue... The US is hastening deployment of even more destructive nuclear weapons in Europe added by Herman James on 10/27/2022View all posts by Herman James ?+'Read More