Bullion Review

A new Raymond Weil boutique has been opened in the Gold Souk of the Dubai Mall by distributor Al-Futtaim Watches and Jewellery.

Olivier Bernheim, Raymond Weil president and chief executive, attended the launch of the new store, which is the fourth boutique carrying the watchmaker’s name in the UAE.

He unveiled the newest addition to the nabucco collection, which includes a number of gold timepieces, to guests and representatives of the media during an inaugural reception.

Mr Bernheim stated that Raymond Weil has "enjoyed a fruitful relationship with Al-Futtaim" for 30 years and the UAE has become a "key market" for the company.

Initially introduced to the emirates in early 2008, the nabucco range is a popular contemporary line of timepieces.

Meanwhile, a rare Patek Philippe gold watch was recently sold by Christie’s at an auction in Geneva for CHF1.94 million (£1.15 million), exceeding its guide price of CHF1-1.5 million.
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Source:Gold Raymond Weil watches in new Dubai boutique

Patagonia Gold has stated that drilling on its Cap-Oeste project in Argentina continues to intersect high grade gold.

The company has been carrying out exploration activities on the main shoot of the Bonanza fault deposit and highlights of the latest programme include holes grading 11.8m at 15.21 g/t gold and 33m at 5.77 g/t gold.

Patagonia Gold reported that the main shoot "remains robust at depth with the latest drilling intersecting wide zones of gold", adding that results are pending for a further eight drill holes.

Located in the Santa Cruz province of Argentina, the Cap-Oeste project is part of the El Tranquilo property block, which covers more than 40 sq km and also contains the Breccia Valentina and Vetas Norte prospects.

A couple of drilling campaigns have been conducted at Cap-Oeste, the first of which was completed in May 2008 and established a compliant resource of 304,099 ounces of gold.

Based in London, Patagonia Gold is a mining explorer with over 7,000 sq km of permits in Argentina and Chile.
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Source:Patagonia Gold discovers high grade deposits at Cap-Oeste

Colorado is marking 150 years of mining activities in the state by creating a new route that links several of the towns founded during its gold rush.

The Colorado Gold Trail provides visitors with a suggested route to travel, as well as information and details of points of interest to stop off at along the way.

Around 100,000 prospectors headed across the American plains following the economic downturn of 1857-58, settling in the Rocky Mountains to seek their fortunes.

Those hunting for gold in the region were known as the 59ers, starting in Denver and the Front Range and working up into the mountains, a fact that is mirrored by the gold trail.

Participating towns in the scheme include Boulder, Black Hawk, Idaho Springs, Breckenridge, Fairplay and Leadville.

"It is hoped that visitors’ experiences will be enriched by getting to know the towns along the Colorado Gold Trail a little bit better," organisers said.

Meanwhile, the Pioneers Museum in Colorado Springs unveiled a new display in April that commemorates the Pike Peak Gold Rush of 1859, CBS4 Denver reported.
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Source:Colorado celebrates 150 years of gold mining

Gold is an ideal choice for those looking to make a long-term investment, it has been suggested.

Speaking to Reuters, president of the RPG Foundation DH Pai Panandiker stated that, while over-supply may limit its attractiveness in the short term, the precious metal will become more desirable in the years to come.

"Production of gold has been declining with the maturing of gold mines," he told the news source.

This, coupled with the fact that there has been a decrease in the amount of new gold being discovered globally, means supplies will "shrink" and the metal will become "a good investment", he was quoted as saying.

Business Wealth recently argued that the investment prospects for gold have not altered despite the current financial crisis, with many banks still recommending purchasing the precious metal.

Financial institution Schroders, the news source said, believes that gold will still benefit, even if the present trading environment brings inflation or deflation.
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.

Source:Gold 'a good long-term investment'

Gold items will be on display at the first jewellery exhibition in Cambodia next week.

The kingdom is looking at ways of attracting foreign buyers for its jewellery with the show and security at the event will be tight, the Phnom Penh Post reports.

Seun Sotha, director of the ministry of commerce’s trade promotion department, told the news source that between 30 and 50 large local jewellery manufacturing and export businesses will be at the expo.

"We want our people to make jewellery for the international market, not just the local market," he explained, adding that organisers are encouraging "high-class people and businesspeople" to visit the show.

Taking place at the Hotel InterContinental in Phnom Penh between May 18th and May 20th, the exhibition will be opened by Cambodian minister of commerce Cham Prasidh.

In related news, this year’s Coutts London Jewellery Week will take place between June 8th and 14th this year, showcasing fine gold items from leading designers.
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Source:Cambodia prepares for first jewellery show

Zoya by Tanishq has unveiled a new collection from designer Raghavendra Rathore that combines design elements from eastern and western culture.

The Indian fine jewellery firm claimed that the Miasma range merges contemporary designs with traditional craftsmanship to provide customers with luxury, glamour and style.

Raised in the tradition of Jodhpur royalty, Mr Rathore has designed pendants, necklaces, earrings and finger rings inspired by architecture, the desert and the "legendary graceful beauty of the Rajput princesses".

Commenting on his latest collection, he stated: "During my observations of [the] Indian branded jewelry market, I found a gap in the uber-luxury space."

Zoya has described its new Miasma range as a combination of regal charm and modern aesthetics.

Meanwhile, an archaeological dig in the Indian state of Chhattisgarh recently unearthed casts used for the construction of gold jewellery at a site that was once the ancient city of Sirpur, LittleAbout reports.
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Source:Tanishq unveils gold jewellery from Raghavendra Rathore

A special exhibition at the Minneapolis Institute of Arts will include a number of exceptional gold necklaces.

The Unspoken Messages: The Art of the Necklace show includes a 19th century item by Tiffany & Co, in addition to a gold and coral piece from 19th century France, Art Daily reports.

Also included in the exhibit, which runs at the Minnesota gallery from June 6th to September 13th, is the ornate Gowri Shankaram Necklace from Tamil Nadu in India.

The jewellery will be shown alongside prints, engravings and photographs illustrating how "fine-quality necklaces have served as self-ornamentation and as symbols of personal belief for thousands of years in many diverse cultures", the news source said.

A rare gold necklace depicting a coiled animal - one of just 30 bracteates ever discovered in Britain - is on display at the Museum of Island History in Newport, Isle of Wight as part of an exhibit charting the story of Anglo-Saxon culture on the island.
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.

Source:Gold necklaces to be shown at Minneapolis Institute of Arts

Claude Resources has reported a 26 per cent rise in first-quarter gold production compared with a year earlier.

The Canadian company stated that gold yields for the three months increased from 8,423 ounces in the same period of 2008 to 10,613 ounces.

Revenue from gold sales climbed year-on-year over the quarter to March 31st from C$8.1 million (£5.3 million) to C$11.5 million.

Claude Resources milled 54,190 tonnes of ore at its Seabee mine in Saskatchewan at a grade of 6.36 g/t gold over the first three months of the year and sales volume was 10,070 ounces of the precious metal, an increase of 15 per cent over the same quarter of 2008.

"Increased sales volume and improving gold prices continued to result in significant improvements in both revenue and gross operating margin," the firm said.

Based in Saskatoon, Saskatchewan, Claude Resources is a fully-integrated mining business with gold reserves and resources in Canada, including the Seabee mine and the Madsen property in Ontario.
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.

Source:Claude Resources increases first-quarter gold production

Gold is an ideal choice for those looking to make a long-term investment, it has been suggested.

Speaking to Reuters, president of the RPG Foundation DH Pai Panandiker stated that, while over-supply may limit its attractiveness in the short term, the precious metal will become more desirable in the years to come.

"Production of gold has been declining with the maturing of gold mines," he told the news source.

This, coupled with the fact that there has been a decrease in the amount of new gold being discovered globally, means supplies will "shrink" and the metal will become "a good investment", he was quoted as saying.

Business Wealth recently argued that the investment prospects for gold have not altered despite the current financial crisis, with many banks still recommending purchasing the precious metal.

Financial institution Schroders, the news source said, believes that gold will still benefit, even if the present trading environment brings inflation or deflation.
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.

Source:Gold 'a good long-term investment'

The environmental benefits of nanotechnology are to be discussed at a conference being held in July by the Organisation for Economic Co-operation and Development (OCED).

Taking place in Paris on July 15th-17th, the event will be attended by representatives from OECD member countries and will focus on the role nanotechnology - which often involves the use of gold - can play in areas such as pollution reduction and efficient production methods.

"Nanotechnology is an emerging technology which could significantly contribute to raising living standards and improving the quality of life," the body said in a statement.

"Maximising" the potential of nanotechnology is fast-becoming an "important topic for discussion", it added, noting that the conference will cover both the opportunities and challenges that the future of the sector will bring.

According to a recent study by research firm RNCOS, the nanotechnology industry could be valued at over $30 billion (£19.6 billion) by 2013.
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.

Source:Paris conference to discuss nanotechnology benefits