RAPAPORT... Israel and the United Arab Emirates (UAE) have reached a trade deal that will abolish certain tariffs on diamonds and jewelry.The Comprehensive Economic Partnership Agreement (CEPA) will eliminate customs duties on more than 96% of products across a range of sectors, the countries said Tuesday after signing the document. It will advance bilateral trade beyond $10 billion within fi...Read More
RAPAPORT... Hong Kong's hard-luxury sales saw an upswing in April as the health situation improved and the government released new retail vouchers.Revenue from jewelry, watches, clocks and valuable gifts climbed 14% year on year to HKD 3 billion ($382.7 million) for the month, the municipality's Census and Statistics Department reported Wednesday. The increase comes after two consecutive months of...Read More
RAPAPORT... Dubai-based luxury conglomerate Damac Group has purchased Swiss jeweler De Grisogono in an effort to penetrate new sectors."Keeping in line with our ambitions to expand our business into the luxury and high-end fashion realm, bidding for De Grisogono came to us naturally," Damac founder and billionaire Hussain Sajwani said Tuesday. "A relatively young but established brand, it has imme...Read More
(IDEX Online) - The first steps towards setting up a traceability program have been taken in Democratic Republic Congo (DRC), which dominates the world's supply of diamonds from artisanal and small-scale mining (ASM).A pilot project involving Antwerp World Diamond Centre (AWDC), the DRC mining ministry and tech company Everledger aims to establish a fully transparent value chain in a country...Read More
(IDEX Online) - Foreign sales of Swiss watches slowed in April, as China was hit by Covid lockdowns.Total export revenue was just under $2bn, its lowest since August 2021, according to figures released by the Federation of the Swiss Watch Industry. That's up 7.3 per cent on April 2021.Sales to the US, by far the biggest single market, was up 37 per cent to $335m.But exports to second-pl...Read More
(IDEX Online) - Supermodel Karen Elson is the face of Natural Diamond Council's (NDC) newest campaign.She wears Bulgari, Cartier, Van Cleef & Arpels, Bucherer, Chanel, Gucci, Louis Vuitton, and many more brands in the first ever digital cover for Only Natural Diamonds, the NDC's consumer-facing digital platform.British-born Elson (pictured), 43, also a singer-songwriter, was chosen a...Read More
(IDEX Online) - Raiders fled empty-handed after they were kicked and punched by staff at a jewelry store in California, USA.One of the four robbers smashed a display case with a hammer at the Princess Bride Diamonds, in the Bella Terra shopping mall, Huntington Beach (on Sunday 29 May).But staff, together with the owner's relatives, fought back. One female employee can be seen on CCTV repeate...Read More
(IDEX Online) - Pandora and LVMH are both enter the Top 10 of $100m supersellers in National Jeweler magazine's annual State of the Majors report published yesterday. Signet remains in first place, with sales across North American of $7.30bn in 2021, a huge increase from $4.84bn the previous year. Walmart, Amazon and Costco are second, third and fourth respectively, unchanged from last year,...Read More
(IDEX Online) - There were many losses during May, especially among goods under 0.3-cts, and many gains, especially among goods over 2.0-cts, amid ongoing uncertainty. Manufacturers have been switching to LGDs as the preferred replacement for naturals smalls, which have been in desperately short supply, especially since sanctions were imposed on Russia. This largely accounts for these price d...Read More
U.S equity index futures were higher this morning. S&P 500 futures were up 17 points in pre-opening trade.Investors are awaiting U.S. economic news to be released at 10:00 AM EDT. Consensus for April Construction Spending was an increase of 0.5% versus a gain of 0.1% in March. Consensus for the May Manufacturing ISM Purchasing Managers Index is a slip to 54.5 from 55.4 in April.Investors also...Read More
Red Cloud's Mining Analyst to Interview Chairman and Co-Founder, Mr. Luke Norman, and President and CEO, Mr. George BeeEvent will provide an update on the Company's advanced gold and copper asset, the CK Gold Project, in WyomingCHEYENNE, Wyo., June 1, 2022 /PRNewswire/ -- U.S. Gold Corp. (NASDAQ: USAU), a gold exploration and development company, announced that it will be conducting a live webina...Read More
Mayfair Gold (TSXV: MFG) recently completed the purchase of carbon offsets to account for its 2021 emissions, making its Fenn-Gib gold exploration project in northern Ontario carbon neutral. Companies can buy carbon offsets to decrease theircarbon footprints. The funds provided are often invested in environment-friendly projects. Ontario-based Mayfair bought carbon offsets worth $14,760 for...Read More
Success begets success; in the mining industry, jurisdictions that continually reward exploration companies for their efforts will attract more attention and more exploration. In Newfoundland and Labrador, a number of gold projects in stages between initial drilling to mine development - including Matador Mining's (US-OTC: MZZMF; ASX: MZZ) Cape Ray gold project and Marathon Gold's (TSX: MOZ; UT-O...Read More
Nuinsco Resources (CSE: NWI; OTC: NWIFF) has published an initial resource estimate for its Prairie Lake critical minerals and phosphate project. The property is located 28 km north of the Trans-Canada Highway and 45 km northwest of town of Marathon, Ont.The initial Prairie Lake resource is based on 73 inclined diamond drill holes completed between 1969 and 2010, for a total of 12,180 metres. Addi...Read More
The United States needs to smooth out its mine permitting processes, conduct more geological surveys and make the most of its mining relationship with Canada, if it wants to contend with a competitive critical minerals market, researcher Duncan Wood said at The Northern Miner's quarterly Global Mining Symposium in late May. The vice-president for strategy and new initiatives at the Wilson Center,...Read More
Salazar Resources (TSX-V: SRL) and Adventus Mining (TSX-V: ADZN) continue to expand their footprint in Ecuador with the government approving the environmental and social impact assessment (ESIA) for their Curipamba-El Domo gold and copper project.The technical endorsement paves the way for the citizen participation process, final environmental licence issuance and construction decision in the...Read More
We spoke with David Garofalo, Chairman and CEO of Gold Royalty Corp. (NYSE American: GROY). Gold Royalty Corp. is a gold-focused royalty company, offering creative financing solutions to the metals and mining industry. Its mission is to acquire royalties, streams, and similar interests, at varying stages, of the mine life cycle, to build a balanced portfolio, offering near, medium, and longer-term...Read More
We spoke with Mike Davies, who is CFO of GCM Mining Corp. (TSX: GCM, OTCQX: TPRFF), a mid-tier gold producer, with a proven track record of mine building and operating, in Latin America. In Colombia, the Company is the leading high-grade underground gold and silver producer, with several mines in operation at its Segovia Operations, which produced 206,389 ounces of gold in 2021. In Guyana, the Com...Read More
Trends Research, Released on 6/1/22Gerald Celente is a pioneer trend strategist and founder of The Trends Research Institute. He is the author of the national bestseller Trends 2000: How to Prepare for and Profit from the Changes of the 21st Century and publisher of the internationally circulated Trends Journal newsletter. Gerald Celente is a political atheist. Unencumbered by political dogma, rig...Read More
Jeffrey Gundlach - Twitter, Released on 6/1/22The dark side of inflation longer term is that in the coming downturn (and there is always a coming downturn) the response from government is almost assuredly going to be more free money.Lots more.- Jeffrey Gundlach (@TruthGundlach) June 2, 2022Excessive stimulus caused inflation. An intelligent twelve year old was able to predict it. Ms. Yellen, long...Read More