Diamond News Archives
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(IDEX Online) – Vicenza’s Museo del Gioiello jewelry museum – a project promoted by the Italian Exhibition Group (IEG) in partnership with Vicenza Municipality - is changing its entire collection.<?xml:namespace prefix = "o" ns = "urn:schemas-microsoft-com:office:office" /?>
The new collection features 310 unique exhibits, many of which belong to private collections that are not usually accessible to the public or to sector insiders.
The Museo del Gioiello is directed by Alba Cappellieri, Professor of Jewellery Design at Milan Polytechnic, and Italy’s leading jewelry expert, who develops exhibitions that are renewed every two years.
The exhibition opens on 14th December and will be open to the public until the end of 2020.
On entering the exhibition, the visitor will be greeted by the ‘Flora High Jewellery’ necklace by Bulgari. This item was selected by professor Cappellieri as the emblem of the third edition. “I have chosen this extraordinary item as a tribute to Italian manufacturing and beauty. Bulgari was inspired by the paintings of Sandro Botticelli, whose eternal grace reverberates in this precious and delicate floral bouquet, and the splendid manufacture enhances Italian artisan workmanship.”
The exhibition winds through 9 rooms, each containing a different meaning of jewelry, in a gathering of content, eras, geographies and origins, the IEG said. ...
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Canadian miners’ performance slipped in the three months leading to the end of September, due mostly to weaker gold, nickel, copper and zinc prices, the latest report by consultancy Ernst & Young (EY) reveals.
Following a 5% drop between April and June this year, gold prices decreased by another 5% in the third quarter, mainly due to the strong US dollar and the recent Federal Reserve rate hike of 0.25% in September.
Copper prices, in turn, fell about 14% after hitting a 3.5-year high in June and nickel prices decreased 16% in the period, compared with a 12% gain in Q2.
As a result, EY’s Canadian Mining Eye index — which tracks the performance of 100 Toronto Stock Exchange and TSX Venture Exchange mid-tier and junior mining companies — dropped 12% in the third quarter of the year when compared to the previous three-month period.
Source: EY Canadian Mining Eye Q3.
"Despite the decline in prices, most of the large-cap gold companies are looking to finish the year strong," Jay Patel, EY Canada Mining & Metals Transactions Leader said. "Because of improving grades and production ramp-ups, most senior companies have maintained their production guidance for the year."
Looking ahead, the experts say, gold prices are expected to benefit from the ongoing trade tariffs imposed by the US. Also, the upcoming seasonal demand for physical gold, mainly from China and India, will likely support the upward trajectory of prices, the team predicts.
Source: EY Canadian Mining Eye Q3.
The near-term possibility of one more rate hike this year and likely three more in 2019 are expected to strengthen the US dollar and act as a headwind to gold prices, they noted....
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Canada’s Diamcor Mining (TSX-V.DMI), announced today that following its previous release on the initial tender of 2,606.50 carats of rough diamonds recovered from resumed processing exercises at the company’s Krone-Endora at Venetia Project in South Africa, it delivered an additional 5,335.83 carats of rough diamonds before the end of October. The tender for the rocks will be completed in November.
In a media brief, the Kelowna-based miner said that 2,277.47 carats of the rough diamonds were recovered as part of planned refinements to the project's screening systems, and were sold for more than $400,000 or an average price of $189.55 per carat.
The company said that the recovery of larger diamonds was not expected because most of the material processed consisted of smaller size fractions from the lower grade upper zone of the project, a strategy that was aimed at testing the refined systems’ ability to remove fines under 1.0mm in size at higher volumes.
"Efforts to perform planned refinements on the crushing and screening systems installed continue to progress well. Our focus is now on ramping up both the volume of material being processed and the inclusion of all size fractions up to 40.0mm", said Diamcor CEO, Dean Taylor, in the press release. "The changes have reduced the volume of fines being delivered to the main treatment plant as desired and, given that, significantly reduced the challenges those fines have caused with regard to water consumption and recycling,” he added.
Diamcor bought the Krone-Endora at Venetia Project back in 2011. It consists of the prospecting rights over the farms Krone 104 and Endora 66, which represent a combined surface area of approximately 5,888 hectares directly adjacent to De Beers' flagship Venetia Diamond Mine in the northern Limpopo province. Currently, only 657.71 hectares...
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