Chinese designer wins gold jewellery ‘Oscars’

A 24-c gold design entitled Wings of Love has won the top prize at this year's Auditions Gold Jewelry Design Competition.

Designer Huang Yingya picked up the accolade at the event, which was held in the Chinese capital Beijing and carried the theme of 'Live Love Without Limits', CCTV International reports.

Her piece, which was submitted along with more than 700 other items produced by nearly 400 designers from across the country, received praise from a number of judges at the event.

"We are all excited [because] gold is difficult to design," member of the judging panel Yip Kam Tim told the news source.

And Ms Yingya described her win as a "big surprise," noting that the recognition for her work was also "very encouraging".

Elsewhere in the jewellery industry, the latest designs are currently being showcased at a four-day exhibition in the Saudi Arabian city of Jeddah, the Saudi Gazette reports.
The news feeds on this site are independently provided by Adfero Limited © and do not represent the views or opinions of the World Gold Council.

Resource boost noted by Romarco

Romarco Minerals has announced an updated resource estimate for its flagship project in the US, noting a significant increase.

The Haile Gold Mine in South Carolina was found to contain a total 3.26 million ounces - 65 per cent more than was previously thought.

Included in the result is a measured resource of 1.62 million ounces, with an additional 1.64 million ounces inferred.

The study accounts for drilling up to the beginning of February and president of Romarco Diane Garrett said she is "extremely encouraged" by the success of the project.

"It is important to note that both new drill intercepts and improved understanding of the ore body contribute to a higher average grade," she added.

Earlier this month, the company released a report into a feasibility study at the Haile Gold Mine, showing that the addition of six new holes had expanded resources by around 200,000 ounces.
The news feeds on this site are independently provided by Adfero Limited © and do not represent the views or opinions of the World Gold Council.

Minmetals offer blocked by Treasurer

A proposal to take over Australian mining company Oz Minerals has been blocked by the country's government.

China Minmetals Non-Ferrous Metals Company Limited had been planning a 100 per cent acquisition of the firm, but the Treasurer of Australia determined that it could not go ahead on national security grounds.

Among Oz Minerals' assets is the Prominent Hill mine, located near the Woomera Prohibited Area - a weapons testing range.

The Treasurer noted that any takeover would not be approved if it included this, but noted that an alternative arrangement would be given consideration.

Commenting on the decision, managing director and chief executive of Oz Minerals Andrew Michelmore revealed that discussions are now taking place with Minmetals "regarding possible changes to the proposed transaction structure".

Last month the Oz Minerals board of directors unanimously recommended that shareholders accept an offer of 82.5 cents (40p) per share for all outstanding stock.
The news feeds on this site are independently provided by Adfero Limited © and do not represent the views or opinions of the World Gold Council.

Solid gold Mickey Mouse to make public appearance

A 24-c solid gold model of Mickey Mouse is to go on display in northern California at the start of next month, it has been announced.

The replica, which is currently for sale for $2.5 million (£1.74 million) will be on show at the Santa Clara Coin, Stamp & Collectibles Expo on April 2nd.

Produced to mark the 100th Birthday of Walt Disney eight years ago, the item is to be put on display by Certified Assets Management.

According to News-Antique.com, the sculpture was last put on public display at Disneyland in 2001 and the nose of the model alone is worth over $100,000.

General chairman of the expedition Ronald Gillio told the news source that the three-day event will be "the place for the public to take advantage of the big increase in gold's value", with a number of experts on hand to value and purchase items made from the precious metal.

Elsewhere in the US, the American Numismatic Association National Money Show, which recently took place in Portland, saw strong demand for gold coins from the 8,000 attendees, Numismaster reports.
The news feeds on this site are independently provided by Adfero Limited © and do not represent the views or opinions of the World Gold Council.

Utah bank seeks gold coin owner

A bank in Utah is appealing for information after an indentified woman exchanged a number of gold coins for a few hundred dollars.

According to ksl.com, the items, some of which date back to 1875, are worth several times more than the amount given to the woman by the teller at the branch of Zions Bank in Salt Lake City.

Executive vice president Rob Brogh told the news source that the bank does not deal with "anything other than face value" and so the woman asked for $20 (£14) each for the 14 coins, saying she needed the money to pay for groceries at a nearby supermarket.

However, upon inspection, the items - all 14 of which are Double Eagles - were found to be worth "thousands" of dollars and the bank and police are now trying to track the original owner of the precious metal.

The International Rarities Corporation recently raffled off a number of Double Eagle gold coins, using them as an incentive for customers to sign up to its gold trading service.
The news feeds on this site are independently provided by Adfero Limited © and do not represent the views or opinions of the World Gold Council.

Gold sovereigns ‘to sell for £6,000′

Gold sovereigns found in North Yorkshire 35 years ago are expected to sell for £6,000 at an auction later this month.

The items were discovered in a hedgerow near Thirsk by two six-year-old girls in 1974 and are now going under the hammer after the women, now 41, decided to sell the coins and split the money, the Darlington and Stockton Times reports.

Each of the 47 pieces had been stored in a bank since their discovery, with one of the women, Marie Palliser, telling the news source that they may have been hidden by someone going off to fight in the first world war.

She explained that the girls first thought the coins were "blackened pennies" and it was only after they were shown to Ms Palliser's mother that it emerged that they were gold sovereigns.

In related news, an 18-c gold amulet dating back to around 1880 recently sold at an auction in the US city of Boston for over $40,000 (£28,000).
The news feeds on this site are independently provided by Adfero Limited © and do not represent the views or opinions of the World Gold Council.

Resource Stock Roundup:Thursday, March 26th, 2009 – Contrarian …

The unemployment news continues to be very weak and that suggests another re-test of the lows is possible so gains made best be made with quick trades. We will see what Thursday trading has in store. Source: Resource Stock Roundup:Thursday, March 26th, 2009 ... Now in its 27th year, Doug's monthly newsletter, the International Speculator, is one of the most established and esteemed publications on gold, silver and other natural resource investments. ...

Precious Metals Recap – 3/26/2009

The gold market seemed to waffle around in the morning trade but the bull camp has to be somewhat happy with the fact that a slightly higher Dollar and a soaring equity market didn't seem to knock gold off balance.

The Daily Gold Report – The Vulnerable Dollar

When the Fed announced it would begin quantitative easing after last-week's FOMC meeting, not surprisingly the dollar plunged rather dramatically. Confirmation that the world's largest economy and debtor nation would print dollars and use those monies to buy its own debt was an extremely dollar negative event.

CNBC Stock Blog—Gold, Bonds, Investing, ETFs, GLD – CNBC Stock …

() ] index is looking optimistic. “If you looked at the SPDR S&P 500 Dividend ETF, it’s actually 50 dividend paying stocks of the S&P 1500—which is a broad based basket. It actually outperformed the S&P by almost 14 percent last year.” ...

« Previous Page — Next Page »