Category Archives: Industry

Diamond Prices Firm Slightly with U.S. Optimism

Diamond trading slowed in November as Indian liquidity dried up and manufacturing shut down for Diwali. U.S. jewelers completed their inventory purchases and focused on selling during the holiday season rather than buying from overseas suppliers. Sentiment improved as the season began. Stock markets rallied to record highs on Thanksgiving weekend and the dollar strengthened after the surprise election of Donald Trump as U.S. President. Polished prices firmed despite slow dealer trading. The RapNet Diamond Index (RAPI™) for 1-carat, RapSpec A3+ diamonds gained 0.5% in…

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AngloGold

AngloGold Ashanti Says Third-Quarter Free Cash Flow Soars to $161m

AngloGold Ashanti announced a significant jump in third-quarter free cash flow to $161m, further improving its net debt position despite a decline in ore grades at some of its operations and a challenging operating environment for its South African business. Free cash flow was $161m, before the $30m once-off cost incurred for the early repayment of its high-yield bond, the Company’s most expensive debt. The free cash flow generation for the three months through September 30 was a significant improvement on the $50m outflow in…

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Trump Victory Improves Outlook for Diamonds and Jewelry

Trump’s election victory coupled with Republican control of Congress is expected to set the stage for improved economic conditions that will support increased demand for diamonds and jewelry. Lower taxes, higher domestic employment and the end of Obamacare will increase disposal income and encourage investment in local businesses. This will fuel new domestic economic growth. “The diamond and jewelry trade will benefit as the new policies create a more prosperous middle class and greater numbers of wealthy consumers. Global uncertainty will also increase demand for…

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Diamond Prices Decline in October

Diamond markets were quiet in October with wholesale businesses closing for the respective Chinese, Jewish and Indian holidays. Trading slowed as larger U.S. holiday orders were already filled and dealers shifted to accommodate specific requirements from their retail customers. The RapNet Diamond Index (RAPI™) for one-carat, RapSpec-A3+ polished diamonds fell 2.3% in October. The index dropped 4.3% in the first ten months of the year. RapNet Diamond Index (RAPI™) October YTD January 1 – Nov. 1 Y2Y Changes at Nov. 1 RAPI 0.30 ct. -0.5%…

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Diamond Prices Stable in September

Diamond markets were steady in September. Sentiment improved as trading at the Hong Kong Jewellery & Gem Fair, a bellwether for the industry, was better than expected even though buyers refrained from large inventory purchases. The polished market was supported by relatively high rough prices as suppliers held polished prices firm, preferring to delay sales rather than suffer losses from expensive rough. The RapNet Diamond Index (RAPI™) for one-carat, GIA-graded polished diamonds declined 0.2% in September. The index dropped 2.7% in the third quarter and…

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UN Commission: New Investments in Global Health Workforce Will Create Jobs and Drive Economic Growth

The Presidents of France and South Africa today called for urgent investments globally to create new jobs in the health sector in order to prevent a projected shortfall of 18 million health workers primarily in low- and lower-middle-income countries, and help countries to maximize the social and economic benefits of increased health employment. The High-Level Commission on Health Employment and Economic Growth, chaired by H.E. François Hollande and H.E. Jacob Zuma, today delivered its final report and recommendations to United Nations Secretary General Ban Ki-moon…

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Diamond Prices Mixed in Slow August Trading

One-carat diamond prices remain under pressure with low trading volume during the August vacation period. Polished inventory is increasing with steady manufacturing and sluggish demand as dealers prepare for the fourth-quarter holiday season. Some improvement in under-the-carat goods as Chinese bridal demand stabilizes. The RapNet Diamond Index (RAPI™) for 1-carat diamonds fell 0.8% in August. RAPI for 0.30-carat was flat and RAPI for 0.50-carat rose 0.2%. RAPI for 3-carat increased 0.2%. RapNet Diamond Index (RAPI™) August YTD January 1 – September 1 Y2Y Changes at…

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AngloGold

AngloGold Ashanti Trebles Free Cash Flow to $108m, Cuts Net Debt 32%

AngloGold Ashanti said it more than trebled free cash flow generation in the first half of the year to $108m and lowered net debt by almost a third, as costs fell and it took advantage of a higher gold price. AngloGold Ashanti has delivered on a range of self-help measures over the past two years to reduce debt using internally generated funds. In focusing on improving the quality of its production, the Company has sold some mines, closed others and made significant reductions to all…

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Rapaport to Provide 100% Natural Untreated Diamond Melee

August 2, 2016, New York…Rapaport Auctions and Trading is pleased to offer clients the opportunity to purchase parcels of melee that are 100% natural and untreated. Every single diamond in these parcels is tested using the latest Gemological Institute of America (GIA) equipment and testing technology. In addition, Rapaport will offer parcels that have been statistically sample tested at a 99% significance level to a 1% tolerance level. The first 100% natural and untreated melee diamond parcels and sample tested parcels will be offered for…

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Rapaport Press Release: Diamond Prices Decline in July

Polished diamond prices softened in July continuing the downtrend in the second quarter. Diamond markets were seasonally quiet with U.S. wholesalers taking their annual summer vacation. Overall polished demand remains weak. The RapNet Diamond Index (RAPI™) for one carat diamonds fell 1.7 percent in July. RAPI for 0.30-carat diamonds dropped 1.8 percent and RAPI for 0.50-carat diamonds declined 0.5 percent. RAPI for 3-carat diamonds fell 1.5 percent. In the first seven months of 2016, RAPI for one carat diamonds dropped 1.1 percent, down 4.7 percent…

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AngloGold

Fatalities at Kopanang and TauTona Mines

AngloGold Ashanti regrets to announce the death of two employees, a Rock Drill Operator and a Crew Supervisor, who were fatally injured in fall of ground and tramming incidents at Kopanang and TauTona Mines this week. The Department of Mineral Resources (DMR) was notified of both incidents and in-loco inspections were conducted. Initial Management response has been to stop reef-raise development and all secondary support operations at Kopanang and tramming activities at TauTona. AngloGold Ashanti would like to express its sincere condolences to the families,…

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AngloGold

Anglogold Ashanti Trading Statement For he Six Months Ended 30 June 2016

AngloGold Ashanti will release results for the six months ended 30 June 2016 (“the period”) on the Johannesburg Stock Exchange News Service on 15 August 2016.   With reference to the Listings Requirements of the JSE Limited, issuers are required to publish a trading statement as soon as they become reasonably certain that the financial results for the period to be reported on next will differ by at least 20% from those of the previous corresponding reporting period.   Shareholders are advised that the Company…

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VF+

VF Plus gekant teen eksplorasie-aansoeke

Die VF Plus het homself vandag as belangeparty tot die eksplorasie-aansoeke in die Vrystaat geregistreer. Lede van die publiek het die VF Plus genader vir hulp rakende hierdie eksplorasie-aansoeke. Die VF Plus is gekant teen die beplande eksplorasie-aansoeke vir die ontginning van gas, olie en kondensaatbronne wat die Vrystaat as kosmandjie van Suid-Afrika in wese kan verander. Volgens menige chemiese ingenieurs en kenners kan die metodes van eksplorasie die ondergrondse watertafel laat daal en water vergiftig wat dit onveilig vir mense en diere sal maak.…

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Diamond Prices Soften In May

Polished diamond prices declined slightly in May with buyers waiting for the Las Vegas shows. Trading at the JCK Las Vegas show, which took place June 3 to 6, was relatively weak with traffic slower than previous years. The RapNet Diamond Index (RAPI™) for 1-carat, GIA-graded diamonds was flat in May. RAPI for 0.30-carat diamonds fell 1.1 percent and RAPI for 0.50-carat diamonds slid 0.3 percent during the month. RAPI for 3-carat diamonds dropped 1.1 percent. During the first five months of the year, RAPI…

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Rapaport Town Hall Meeting to Debate Synthetic Diamonds

JCK Las Vegas Jewelry Show – June 6, Monday, 8:00-10:00 am May 25, 2016, Las Vegas – Rapaport is sponsoring a town hall meeting that will provide an open forum for members of the jewelry trade to respectfully debate the pros and cons of synthetic diamonds. The town hall meeting is free and open to all. It will be held in the Banyan Room, Mandalay Bay hotel on Monday 8:00-10:00 am. Registration is not required but space is limited and registered guests will be provided…

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AngloGold

AngloGold Ashanti Generates Strong Cash Flow in Q1; Operations Solid

AngloGold Ashanti today announced strong free cash flow in the first quarter as an ongoing focus on cost management, and leverage to weaker currencies, yielded positive results and improved margins. Free cash flow was $70m, a marked improvement to the outflow of $40m in the first quarter of last year. AngloGold Ashanti has delivered on a range of self-help measure to reduce debt using internally generated funds, without diluting shareholders. The company, which has 17 mines in nine countries, has made significant cuts to corporate…

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VF+

Privatiseer SAL om verdere vermorsing van belastinggeld stop te sit

Die jongste “omkeerstrategie” by die SAL nadat tien vorige omkeerpogings misluk het, plaas ʼn swaar las op die belastingbetaler en die redery moet geprivatiseer word om verdere vermorsing van belastinggeld stop te sit, sê dr. Pieter Groenewald, die VF Plus se parlementêre woordvoerder oor finansies. Dr. Groenewald het vandag met die begrotingsposdebat van die departement van finansies gesê die SAL is tegnies bankrot en finansiële state word nie eens ingedien nie. Hy sê die rede hiervoor is ʼn versoek van die SAL om ʼn subsidie…

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Diamond Prices Soften with Weaker Global Demand

Polished diamond trading slowed in April due to sluggish demand at the start of a seasonally-quiet period. Sentiment weakened as the positive momentum from the first quarter failed to gain traction. Supplies significantly increased due to high rough sales and polished production in the first quarter. The RapNet Diamond Index (RAPI™) for 1-carat, GIA-graded diamonds slipped 0.3% in April. RAPI for 0.30-carat diamonds fell 1.3% and RAPI for 0.50-carat diamonds also declined 0.3%. RAPI for 3-carat diamonds dropped 2.2%. RAPI for 1-carat diamonds rose 1.2%…

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AngloGold

Fatality at Savuka Mine

(JOHANNESBURG – NEWS RELEASE) – AngloGold Ashanti regrets to announce the death of two employees who were fatally injured after a series of seismic events, the largest measuring 3.5 on the Richter scale, at its Savuka Shaft. The Department of Mineral Resources has been notified of the incident and an in-loco inspection will be conducted on Tuesday, 3 May. In the meantime, Management has suspended activities at the mine. AngloGold Ashanti would like to express its sincere condolences to the families, friends and colleagues of…

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VF+

Eskom funksioneer wel, maar teen ‘n prys

Dit is so dat Eskom tans weer funksioneer, maar dit kom teen ʼn prys waarvoor die belastingbetaler moet betaal, sê dr. Pieter Groenewald, die VF Plus se parlementêre woordvoerder oor openbare ondernemings Dr. Groenewald het vandag met die begrotingsposdebat van die departement van openbare ondernemings gesê die minister (Lynne Brown) spog nou dat daar nie meer beurtkrag by Eskom is nie. Hy sê sy probeer sodoende die indruk skep dat die regering nie foute maak nie en Eskom goed bestuur word. “Die vraag moet egter…

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VF+

Budget vote debate on Agriculture, Forestry and Fisheries

Parliament 21 April 2016 Dr. Pieter Mulder: FF Plus leader The current drought is being described as the worst drought in 100 years. Thousands of small farmers and subsistence farmer’s livelihoods have been wiped out. Only in the next six months will we truly be experiencing the true impact of the drought. Experience it in terms of food prices which are still rising Experience it in terms of small and commercial farmers who cannot farm any longer. Van die 35 000 kommersiële boere is tot…

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Polished Diamond Prices Stable in March

April 5, 2016, New York … Polished diamond prices were stable in March supported by steady dealer trading even though the outlook for consumer demand remains uncertain. In the first quarter, sentiment improved as polished prices rose and profitability increased on select new production. The RapNet Diamond Index for 1-carat, GIA-graded diamonds was flat in March. RAPI for 0.30-carat diamonds fell 0.6 percent and RAPI for 0.50-carat diamonds was unchanged. RAPI for 3-carat diamonds slipped 0.4 percent. In the first quarter, RAPI for 1-carat diamonds…

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Rapaport Hong Kong Polished Diamond Auction Sells Over 80,000 Carats for $12M

Rapaport Auctions closed its auction last week at the Hong Kong show achieving $12M for over 80,000 carats. The auction consisted of hundreds of parcels of recycled and finely assorted premium quality diamond parcels in all shapes, qualities and sizes. The diamonds were sourced from retailers, pawnshops and refineries from around the world. “We are very pleased with the results achieved at our auction as it confirms steady demand for smaller size commercial quality natural diamonds. Melee prices have firmed over the past few months…

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VF+

Staatshospitale is nie voorbereid op groeiende aantal pasiënte nie

Met mediese fondse en privaathospitale wat tans onder die soeklig is weens die astronomiese kostes van hul dienste, is die vloei van pasiënte na staatshospitale besig om ingrypend toe te neem, sê me. Amanda de Lange, nasionale voorsitter van die Vryheidsfront Plus se vrouekomitee. De Lange sê die komitee is besig om staatshospitale in al die provinsies te besoek, en in die besonder kraamsale en baba-afdelings aangesien omstandighede in veral dié twee afdelings veel te wense oorlaat. Sy sê in baie gevalle is die hoeveelheid…

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