Last updateWed, 19 Oct 2016 12am

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Canadian Mint employee accused of smuggling $180K of gold – the hard way

 Canadian Mint

An employee of the Royal Canadian Mint allegedly smuggled about $180,000 in gold from the fortress-like facility, possibly evading multiple levels of detection with a time-honoured prison trick.

Hiding the precious metal up his bum.

The case against Leston Lawrence, 35, of Barrhaven concluded in an Ottawa courtroom Tuesday. Justice Peter Doody reserved decision until Nov. 9 on a number of smuggling-for-cash charges, including theft, laundering the proceeds of crime, possession of stolen property and breach of trust.

Lucapa finds yet another huge diamond

4th stone over 100 carats uncovered this year

Angolan diamond

A Perth-based company has uncovered a massive 104-carat diamond from its mine in Angola and believes it is closing in on the original source of the gem.

The D-colour diamond was recovered from Lucapa's alluvial mining operations, 600 kilometres east of the Angolan capital Luanda.

The rock is about the size of a 50 cent coin and is the fourth stone over 100 carats Lucapa has found this year.

In February, it uncovered a 404-carat rock at the same mine, worth more than $20 million, the biggest diamond ever found in Angola.

Tracking gold’s ups and downs

gold up down

King Midas lusted after it. The Incas worshipped it. Shiny flakes of it set off a 19th-century rush to California and ship captains never stop looking for it at the bottom of the sea. While gold has ignited passions for centuries, for today’s investors, it seems, the metal has lost its allure. After surging sevenfold during a 12-year bull market — a run matched by only a handful of assets, including U.S. Treasuries and stamps — investors sold it wildly in 2013 and then the price slid further over the next two years. Is the epic boom and bust in gold just another market cycle or is it a change in human appetites?

De Beers: Millennials spent over $25 Billion on diamond jewelry in 2015


(IDEX Online) – Millennials spent more than $25 billion on diamond jewelry in 2015 in the four largest consumer markets, acquiring more than any other generational group, according to De Beers' Diamond Insight Report 2016.

Despite Millennials (those aged 15-34 in 2015) facing more financial challenges than their parents’ generation, they already account for almost half of the total retail value of new diamond jewelry acquired in the four largest markets – the US, China, Japan and India.

Deeper gets deadlier in South Africa's aging gold mines


Finding minerals in South Africa after more than a century of digging often means going deeper than ever before. Now, it’s also becoming deadlier.

In a country that remains one of the biggest producers of gold, platinum and diamonds, the toll of 60 mining deaths this year through August was 20 percent higher than the same period in 2015, according to the Chamber of Mines, an industry group. The annual tally is heading for its first increase in nine years and the biggest in at least two decades, escalating concerns among both workers and mining executives.

Jewelers Mutual’s Robbery Prevention for Jewelers: How to Identify Casing

JSA 2016 smash and grab by hour of day

The total number of crimes and amount of losses in the jewelry industry declined year-over-year through the first six months of 2016, according to the Jewelers Security Alliance.

That’s great news, but there’s another fact jewelers can’t ignore: they are still being targeted!

This is especially true for retail jewelers, as criminals have become more aggresive when committing robberies, targeting more merchandise from higher-profile jewelers and using more force.

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