Posts

Average prices up 13% over Petra Tender 7

Image
The first & second tender of FY 2025 sold 600K Cts   Petra Diamonds Limited reported, Final sales results for Tenders 1 and 2 FY 2025. Sales for the first and second tender cycles of FY 2025 closed this week, yielding US$76 million from 600 kcts sold. Average prices increased 13% over Tender 7 FY 2024, with product mix contributing 22%, partially offset by a 9% decrease in like-for-like prices with weakness evident in the smaller size fractions.   Richard Duffy, Chief Executive Officer of Petra, commented, Following changes to the mine plans announced at our Investor Day, diamond production increased 7% from the previous quarter on the back of solid performances from Cullinan Mine and Williamson, with Finsch transitioning from continuous to a two-shift operation.  We recorded 4 LTIs, resulting in our LTIFR rate increasing to 0.28 from 0.13 in the previous quarter. This is of concern to us given our focus on delivering zero-harm workplaces, and we have implemented a number

BRICS to ensure free trade in rough diamonds!

Image
A sustainable development of the global diamond industry   Recently, BRICS states to increase turnover of precious metals based on common quality standards! The parties noted that they support the Kimberley Process, the international organization for certification of diamonds "as the sole global intergovernmental certification scheme, regulating trade in rough diamonds" According to the Russian media from Kazan, the BRICS countries intend to increase the turnover of precious metals between the member states of the association, as they announced in the Kazan Declaration of the 16th BRICS summit.    "We support efforts to increase the turnover of precious metals within BRICS based on common quality standards," the document says.  The parties noted that they support the Kimberley Process, the international organization for certification of diamonds "as the sole global intergovernmental certification scheme, regulating trade in rough diamonds."    The BRIC

Roberto Coin Collections often of buyer’s feelings

Image
Shaping lives & leaving deep impressions on buyer’s existence   Roberto Coin Collections encounters between humans are events charged with extraordinary power, capable of shaping our lives and of leaving deep impressions on our existence, and even when they seem to happen by chance, they’re never simply fortuitous. They express the intersecting of energies that come together, at times for only an instant and at times for long journeys, and create intense but invisible exchanges that modify the course of our experiences and often of our feelings. Every encounter has the potential to transform. Whether it be an exchange of glances on the street, a conversation with a stranger or a friendship that lasts a lifetime, each connection has a silent power.  The people we run into become fragments of our story, they influence our thoughts and they make us reconsider our perspectives and beliefs. Even a brief dialogue can open unexpected inner worlds, reawakening hidden intuitions and sug

Sylvie to unveil two jewelry collections!

Image
Auravie & Shell Héritage curated holiday edit   Just in time for the holiday season, Sylvie Jewelry is proud to unveil two new fine jewelry collections: Auravie and Shell Héritage (Shell Heiree · tadj). Perfectly curated for gifting, this special launch captures the essence of the Sylvie Shell motif, which is beautifully integrated throughout the designs, offering a sophisticated, timeless expression of Sylvie’s brand identity.    The Auravie Collection is an embodiment of life’s golden moments, featuring sculpted gold pieces that evoke warmth, strength, and brilliance. From lustrous gold bangles to bold rings and earrings, every piece in the collection is designed to radiate confidence and elegance.    The name Auravie itself combines the Latin word ‘aurum’ for gold and the French ‘vie’ for life, highlighting the vitality and preciousness of life’s significant moments. Whether it’s a delicately engraved Shell pattern or the shell-inspired contours of a pendant, the Syl

Second Snowflake coin offered by the Mint

Image
Coin features a light blue crystal; the cool, wintry hue!   The Royal Canadian Mint announce to enjoy the distinct winter sparkle of our second Snowflake coin!  Snow crystals, such as the stellar dendrite featured here, are beautifully varied and unique, and most of them feature six points or sides, which inspired our first hexagon coin. Its outline emphasizes the elaborate form of the snow crystal engraved on your coin’s reverse, which is dotted with a sparkling clear crystal.  Looking closely at the magnified view, you’ll notice each of those fern ‑ like branches are slightly different, which reflects the natural variations of shape that make these works of art endlessly fascinating-in nature, and on your Snowflake coin.    Our Snowflake series continues with another exquisite snowflake shape dotted with a sparkling crystal! This second hexagon coin features a magnified view of another classic stellar dendrite, which is the most common type of snow crystal, but each star-shaped

A joyous & prosperous Diwali with Laxmiji coin

Image
  ABC Bullion extends warm wishes with gold & silver coin   ABC Bullion extends warm wishes for a joyous and prosperous Diwali! They offers, “We eagerly anticipate joining you and your loved ones in commemorating the Festival of Lights and may the divine blessings of Goddess Laxmi and Lord Ganesh shower happiness upon you and your family.” For those of you planning to commemorate Diwali with the purchase of gold or silver, ABC Bullion would be honoured to help, with our Diwali product range including 5 gram and 10 gram gold coins, as well as a series of 1 ounce silver coins.    To help serve you on this auspicious occasion, ABC Bullion is pleased to announce that our four trading locations nationwide will be operating for extended hours on Tuesday 29th October to coincide with Dhanteras.    To help celebrate Diwali, ABC Bullion trading locations will feature, 1: Multiple display cabinets highlighting the full range of ABC Bullion Diwali products, as well as our signature cast b

Rural purchases expected to support jewellery buying!

Image
Expecting to grow festive jewellery buying demand from rural areas   Time & again our veteran media player cite, Veda literature that, People like festivity! Well recently Kavita Chacko, Research Head, India-World Gold Council expect that, Rural purchases expected to provide support!  Yet, Kavita said, “High prices coupled with an inauspicious period in the Hindu calendar for making purchases of valuable items from mid-September to early October, kept consumers away from jewellery buying.   However, market reports indicate early signs of a resurgence in gold buying due to various ongoing festivals, with demand largely driven by wedding purchases. Retailers are actively implementing marketing campaigns to stimulate sales.   The surge in demand following the import duty cut, which coincided with some festivals, has been tempered by record-high prices. There is an expectation of increased demand from rural areas, driven by improvements in overall consumption. Favourable monsoons and h