Gahcho Kué JV for diamond

Mountain Province Diamonds announces an update of its exploration programs for the Gahcho Kué Joint Venture, and for the Company's 100%-held Kennady North Project. The winter programs were planned to run from mid-February through May but were terminated in early April after declaration of the Covid-19 pandemic in March.

Personnel for both programs reported no incidence of the virus during the winter operations, or during the 14-day self-quarantine period following completion of the programs. A summary of activities that were completed before termination of the winter programs is provided below.

Gold demand lowers Pan India, Improves in South!

In his expressions, ‘India’s gold market in May’ inked by Mukesh Kumar, Market Intelligence Group-World Gold Council (WGC ) said, Jewellery demand improved in southern India but remained weak in other regions!

Jewellery stores reopened in Kochi-Kerala in the week beginning 18 May.

From discussions with local jewellery retailers in the city, daily sales in May were reported to be ~60-70% of the comparable period of the previous year. The retailers mentioned that the majority of sales were for delivery of jewellery against advanced bookings made a few months ago and the number of new customers was low.

Dynacor re-start operations in Peru

Dynacor Gold Mines, a leading ore purchasing and processing corporation servicing artisanal and small-scale miners (ASM), announced government approval to re-start its ore-processing operations in Peru.

To re-start operations, all mining companies must register their health and safety protocol plan with the Ministry of Health. On June 5th, 2020, Dynacor received approval for its health and safety protocol plan from the Peruvian Ministry of Health.

On June 4th, 2020, the Peruvian government published a decree approving phase two re-opening of economic activities. The new decree includes medium, small scale miners and formalized ASMs. Large scale miners were granted re-opening permission in May 2020 when the government approved phase one.

A positive re-start at Vicenza!

A slow re-start for Italian jewellery, as some exponents in the sector outlined, comparing Italian jewellery retailers’ reprisal after the quarantine to setting off with the hand brake on.

“Those who had orders pending have come into the store but we have not had any new customers because people have too many other things to think about.” Lorenzo Barducci from the homonymous jewellery store speaks about a scenario familiar to most of the sector in the big cities and in tourist locations.

Royal Jewel under hammer

Royal Jewel lot are also at auction including Princess Margaret’s 21st birthday bracelet among the exciting highlights of the season is a treasure whose story lies at the heart of the British royal family. This antique diamond bracelet signed by Garrard – the London-based jeweler to the British crown – was a gift, bestowed upon Princess Margaret, the Queen’s sister, on her 21st Birthday.

Princess Margaret was spotted wearing this 19th-century bracelet many times in public as illustrated in photographs (see right), indicating her affinity for the piece. Later in life Princess Margaret re-mounted some of her older jewels into modern designs, just as Queen Victoria had done in the past. However, this diamond bracelet was kept in its original antique setting.

Sydney Mint celebrates Anniversary

Perth Mint Sovereign bullion Coin Set

150th Anniversary Sydney Mint and Perth Mint

This prestigious set forms the ultimate tribute to Australia's sovereign. Celebrating the 165th anniversary of the first Sydney sovereign and the 150th anniversary of the last of those sovereigns to be made, this magnificent duo forms the most fitting tribute to Australia’s very first Gold Sovereign Series in bullion coins.

Letšeng tender closed for large stones

The small diamond tender has not yet closed

In a statement for Letšeng H1 2020 sales, Gem Diamonds Limited announces that the latest Letšeng large diamond tender has closed. The Company realised an average $/carat for H1 2020 of $1,707.  This compares to an average $/carat for H1 2019 of $1,687 and H2 2019 of $1,506.

Notably, a 13 carat pink diamond achieved $40,110 per carat, and a 61 carat white Type II diamond achieved $31,400 per carat.  15 diamonds sold in H1 2020 for in excess of $1 million each and one diamond for over $5 million.

Mountain province announces revised guidance!

Mountain Province Diamonds Inc. announces revised guidance for 2020 for the Gahcho Kué Mine.  The Company withdrew its original guidance for 2020 in March due to the impact of the Covid-19 pandemic.

2020 Revised Guidance say, 1: 37 – 39 million total tonnes mined, adjusted from previous guidance of 42 – 43 million tonnes, 2: 3.3-3.4 million ore tonnes mined, unchanged from previous guidance, 3: 3.3 – 3.4 million ore tonnes treated, unchanged from previous guidance and 4: 6.3 – 6.4 million carats recovered, adjusted from previous guidance of 6.75 – 6.95 million carats!

Auryn Resume Work in Peru!

Auryn Resources is resuming exploration activities at its Sombrero- gold skarn mineralization and Curibaya- silver & gold veins, projects in southern Peru. The Company has received approval from the Peruvian government to resume work following restrictions that had been put in place due to Covid-19.

In a message from Ivan Bebek, Executive Chairman & Director said, "It is very exciting to be getting back to work in Peru. Our exploration opportunities are substantial and although Covid has lengthened the process to acquire permits, this time has allowed us to become more involved with surrounding communities, and we can now move forward with a much more comprehensive foundation.

Jewels for Father’s Day, showcases red carpet too!

Narayan Jewellers by Ketan and Jatin Chokshi gears up & appended jewellery for Father's Day! It is time again to thank your father for being an inspiration and source of strength at each and every phase of your life. The handsome collection of rings and brooches by Narayan Jewellers by Ketan and Jatin Chokshi is a perfect gift this Father's Day whether you are looking for something masculine, or something classic.

Along with Father’s Day Narayan Jewellers also showcases their Red Carpet jewellery for the season! The showcase including elegance, of simple yet stunning pair of ear cuff and earrings with brilliant cut diamonds that effortlessly combines the traditional with the modern, enchanting pair of diamond earrings features triangular shaped studs and attached to an exquisite dangler with diamonds fluttering on top.