Diamond News Archives

South African mines that are on care and maintenance are bad for the economy and the issue is being raised with the Minerals Council, Mineral Resources Minister Gwede Mantashe said.

The Department of Minerals and Energy has been to 11 mining areas to obtain feedback on the mining charter, Mantashe said at the opening of Sasol Ltd.’s Shondoni Colliery in Secunda in Mpumalanga province.

The government published the latest draft of the Mining Charter on June 15 after months of negotiations with companies, labor unions and communities. The set of rules is aimed at redistributing the country’s mineral wealth more equally among South Africans to make up for racial discrimination during apartheid.

Sasol officially inaugurated its new Shondoni Colliery on Thursday as part of its 14 billion rand ($1 billion) mine replacement program, as the Middelbult Colliery reached the end of its lifespan.

The post S. Africa seeks re-opening of shuttered mines to boost economy appeared first on MINING.com....

Financial stocks were thought to be the market’s darlings at the beginning of 2018, as a marriage between the Trump administration’s deregulation efforts and an increasingly hawkish Federal Reserve should have created the sector’s picture-perfect environment.

The price action couldn’t have been more different. Financials badly underperformed the broader market in the first half of the year. The financials-tracking XLF^[1] has been modestly positive in recent sessions, but only after posting its longest losing streak on record — 13 days.

Some see more pain coming. The technical picture is still rather "cloudy" for the XLF, said Craig Johnson, chief market technician at Piper Jaffray. He told CNBC’s "Trading Nation^[2]" why there appears to be pain ahead.

• Despite relatively positive stress test results last week, banks as a group closed lower on the week, and the charts remain dubious. The XLF bounced off support near the $26.50 mark, but it remains to be seen whether the recent bounce can hold.

• Breadth within the sector, or the number of stocks advancing relative to the number of stocks declining, is weak. Just 25 percent of stocks within the financials are trading above their 200-day moving averages, the lowest of any S&P 500 sector.

• This forecast runs contrary to the XLF’s historical performance after posting losing streaks of seven days or more. Piper Jaffray found the XLF has generated positive average and median returns of 6 percent and 2.3 percent, respectively, over the subsequent four weeks.

• Investors should look to small- and mid-cap banks, over large-cap financial stocks, at this juncture, as they appear more constructive when considering their relative strength, momentum and breadth.

Bottom line: The financials have undergone technical damage in recent weeks,...

(IDEX Online) – IJL trends editor and jewelry expert, Paola De Luca, will be outlining six key jewelry trend themes for Spring-Summer 2019 at International Jewellery London (IJL), the UK’s leading trade event for the international jewelry industry.

Her vision includes designs rooted in urban lifestyles, the renaissance of pearls, dark romantic influences, and a blending of Art Deco and 1960s Op Art themes, according to a statement. They will be showcased on IJL’s SS19 Trends Catwalk where Paola will present her detailed forecasts (2-4 September 2018).

The trends, from IJL’s Trends Editor and international jewellery futurist, Paola de Luca are:

• Industrial Core; inspired by urban lifestyles, architecture and redefined industrial materials.
• I’m Perfection; playing on proportions that creates surreal, optical illusions with geometric and patchwork forms.
• Neo Classic; classic designs with a twist.
• Dark Romantic; Drawing inspiration from dark forests, magic and mysticism.
• Op-Coding; a mix between Art Deco styling from the 1920s and the Optical art of the 1960s
• Constellation Collective; Stars, moons, planets, flying saucers and constellations will all be captured in sparkling diamonds, especially fancy-cuts and shapes.

IJL will include an expanded events program, and will showcase the latest ranges from over 550 high-end, finished jewelry manufacturers and designers, and loose gemstones and retail services suppliers, the statement addeds....

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References

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