U.S. equity index futures were higher this morning. S&P 500 futures were up 12 points at 8:30 AM EDT.Oneok added $0.55 to $65.61 after Citigroup upgraded the stock from Neutral to Buy.ServiceNow added $$12.52 to $477.01 after Baird upgraded the stock from Neutral to Outperform.Charter Communications dropped $3.24 to $352.97 after KeyBanc downgraded the stock from Overweight to Sector Weight.Co...Read More
(IDEX Online) - Media magnate Rupert Murdoch has reportedly splashed out $2.5m on a diamond engagement ring for his fifth wife.Murdoch, 92, (pictured) is to marry Ann Lesley Smith, 66, this summer, after divorcing wife number four, supermodel Jerry Hall, last July.Widow Ms Smith was seen wearing the 11-carat Asscher-cut gem at Los Angeles Airport last week The couple first met in September2022."It...Read More
U.S. equity index futures were lower this morning. S&P 500 futures were down 7 points at 8:30 AM EDT.McDonalds slipped $0.09 to $279.52 after announcing plans this week to reduce corporate staff. Crude oil jumped $4.54 to $80.21 per barrel after OPEC + announced a reduction in production by 1.16 million barrels per day. Energy equity prices are expected to respond accordingly at the open.Over...Read More
(IDEX Online) - Botswana's mining union has issued a stark warning over the government's purchase of a 24 per cent stake in the Belgian manufacturer HB Antwerp announced last week."We should be wary to jump on a partnership with a company that is hardly two years old with no proven track record, and in the process mortgage the economy of Botswana because we were blinded by over-promises...Read More
(IDEX Online) - Tiffany fooled its followers on social media with a pair of diamond-encrusted sneakers, each set with 17,000 carats, with a total weight of 1,837 carats (a reference to the year the company was founded).The prank provoked a mixed reaction, with many immediately spotting it was an April Fool. But one or two were taken in. One posted "Absolutely obscene", presumably reckoning it was...Read More
(IDEX Online) - A pair of pear-shaped fancy pink pendant diamond earrings, weighing 11.17 carats and 10.85 carats, are to be sold at Sotheby's Hong Kong.The estimate is $5.48m to $7.01m. Both diamonds are GIA-certified as Fancy Pink, Natural Color, VVS1 Clarity.The pink diamonds are set in platinum and yellow gold suspended from a pear, marquise-shaped and brilliant-cut diamond surmount weigh...Read More
(IDEX Online) - Rounds prices held up better than in recent months, and demand for fancies drove up prices, especially among 0.30-cts to 0.79-cts goods. China is post-Covid, the US is emerging from the depths of its inflationary woes and consumer confidence is actually on the rise. Things aren't great, but the industry appears to be getting used to another "new normal".It's now over...Read More
U.S. equity index futures were higher this morning. S&P 500 futures were up 12 points in at 8:40 AM EDT.. U.S. equity index futures moved higher following release of economic news at 8:30 AM EDT:U.S. February Core PCE Price Index was expected to increase 0.4% versus a gain of 0.6% in January. Actual was an increase of 0.3%. On a year-over-year basis, February Core PCE Price Index is expected t...Read More
(IDEX Online) - India's Central Bureau of Investigation (CBI) is bringing news charges against fugitive diamantaire Mehul Choksi.It hopes the move will persuade Interpol to re-impose the Red Notice, restricting his movements, that was lifted earlier this week.Choksi, 63, together with his nephew Nirav Modi, 53, is wanted by authorities in his native India over the alleged $1.8bn Punjab Nation...Read More
(IDEX Online) - Exclusive watchmaker Jacob & Co has unveiled its latest ultra-extravagant timepiece, the Billionaire Timeless Treasure, incorporating 216.89 carats of Asscher-cut fancy yellow and intense yellow diamonds. And a $20m price tag.It's a one-off watch to aspire to, especially if you're looking to trade up from the entry-level Millionaire launched in 2018, set with 127...Read More
(IDEX Online) - A vast array of over 700 jewelry items owned by the late Austrian art collector and philanthropist Heidi Horten is to be sold by Christie's Geneva in a record $150m sale.It represents the most valuable jewelry collection ever to be auctioned, surpassing those of Elizabeth Taylor and Qatar royal family member Sheikh Hamad Bin Abdullah Al Thani, said the auction house.The collec...Read More
(IDEX Online) - Sotheby's New York is to sell an ultra-rare 10.57-carat "bubblegum pink" diamond with an estimate of over $35m.It says the Eternal Pink, a cushion-cut internally flawless fancy vivid purplish pink gem, is the most vivid pink diamond ever to come to market.It also says it could challenge the price per carat record for any diamond or gemstone sold at auction, although that would...Read More
U.S. equity index futures were higher this morning. S&P 500 futures were up 24 points at 8:35 AM EDT.Index futures were virtually unchanged following release of the updated estimate for fourth quarter annualized U.S. GDP growth at 8:30 AM EDT. Consensus was unchanged at 2.7%. Actual was 2.6%.Apple added $0.70 to $161.47 after announcing date of its next World Wide Development Conference set fo...Read More
U.S. equity index futures moved higher in overnight trade. S&P 500 futures were up 32 points at 8:30 AM EDT.The Canadian Dollar was virtually unchanged at US73.51 cents following release of the Canadian budget at 4:00 PM EDT yesterday.Micron added $1.25 to $60.53 after JP Morgan raised its target price from $65 to $75. Lulu lemon advanced $40.04 to $360.35 after reporting higher than consensus...Read More
(IDEX Online) - The government of Botswana is buying a 24 per cent stake in the Belgian manufacturer HB Antwerp, as its long-term deal with De Beers increasingly appears to be in jeopardy.The move heralded "the dawn of a new era for the diamond industry in Botswana," said the country's President Mokgweetsi Masisi.As part of the deal Okavango, the state-owned diamond company, is also entering...Read More
(IDEX Online) - Four gang members have been jailed for at least seven years each after they were caught red-handed in an armed raiders on a Jared jewelry store in Glendale, Arizona, USA.They zip-tied several employees and customers and stole their personal possessions, as well as merchandise from the store, with a total value of $1.5m.Police arrested the four men after a woman dialled 911 during t...Read More
(IDEX Online) - Brazil's former President Jair Bolsonaro has become embroiled in a second jewelry scandal.He's been forced to hand over precious gems he received during his three years in office.Earlier this month authorities launched an investigation into claims he failed to declare diamond jewelry valued at $3.2m that was seized at at Sao Paulo international airport in 2021.The it...Read More
(IDEX Online) - Gemfields, the London-based colored gems miner, reported record earnings for 2022, thanks to a post-Covid spike in demand for emeralds and rubies.High demand drove up prices, especially in first half of the year, which resulted in a 32 per cent increase in revenue, to a record high of $341m.But the miner, which owns 75 per cent of the Montepuez ruby mine in Mozambique and the Kagem...Read More
U.S. equity index futures were lower this morning. S&P 500 futures were down 5 points at 8:30 AM EDT. Occidental Petroleum added $0.80 to $60.45 after Berkshire Hathaway confirmed an increased ownership to 23.5% of outstanding shares. Wallgreens Boots gained $0.85 to$33.79 after reporting higher than consensus fiscal second quarter revenues and earnings.Ciena advanced $1.57 to $50.18 after Ray...Read More
(IDEX Online) - Blue Nile, the online jeweler acquired by Signet for $360m last August, is laying off 119 workers.Signet said it was consolidating operations to New York City and closing the Blue Nile fulfillment center in Seattle."As part of the integration of Blue Nile, we will be reducing duplicative fulfillment center services to centralize these services within our existing New York City fulf...Read More