The Jewelers Vigilance Committee (JVC) distributed this member alert on June 29, 2022.The US and Other G7 Nations Institute Ban on Imports of Russian Gold On June 26, 2022, President Biden along with the other members of the G7 announced together that they would collectively ban the importation of Russian gold in their countries.The G7 includes the U.S., Canada, France, Germany, Italy, J...Read More
RAPAPORT... De Beers Forevermark will require its partners to sell the brand's own jewelry designs in a strategic shift aimed at achieving greater consistency.Previously, Forevermark customers were able to select loose diamonds from the brand and place them in their own or third-party designs. The company's target for implementing the change is January 1, 2023, Charles Stanley, president of D...Read More
RAPAPORT... French auction house Artcurial will offer a 17.5-carat diamond at its upcoming Monaco Luxury week, where it expects the stone will realize up to EUR 1.5 million ($1.6 million).The emerald-cut, D-color mounted diamond will lead a series of three sales, that will take place on July 18, 19 and 20, Artcurial said Tuesday. A ring bearing a 12.39-carat, fancy-intense-yellow diamond flanked b...Read More
(IDEX Online) - David Gotlib is to replace Chaim Pluczenik as president of the Antwerp World Diamond Centre (AWDC), representing the interests of its 1,600 members. He will be assisted by Sahag Arslanian and Amish Jain, who were appointed as vice presidents. Mr Gotlib (pictured), of the IDRP Group, a third-generation diamantaire, said after his appointment: "Antwerp has again demonstrate...Read More
(IDEX Online ) - De Beers and the Botswana government have again delayed agreement on a new contract for the supply of rough diamonds. The sales agreement, which governs the Debswana joint venture between both parties, was extended by a year in December 2020 and was due to be renegotiated this month. The original delay was blamed on the Covid crisis. Diamond revenue accounts for a fi...Read More
(IDEX Online) - US rapper Kendrick Lamar has revealed that Tiffany & Co made the diamond-encrusted crown of thorns he wore for the cover of his new album.It was fashioned from 50 thorns, encrusted with over 137 carats of diamonds in the form of 8,000 cobblestone micro pav?? (C) diamonds, he told British Vogue magazineLamar, 35, wore the Jesus-inspired crown on the cover of his new album of Mr....Read More
Tech Talk will be available tomorrow July 1st and Monday July 4thPre-opening Comments for Thursday June 30thU.S. equity index futures were lower this morning. S&P 500 futures were down 41 points in pre-opening trade.Index futures recovered slightly following release of the May PCE Price Index at 8:30 AM EDT. Consensus was an annual increase of 6.6% versus a gain of 6.3% in April. Actual was a...Read More
West Africa-focused gold explorer Montage Gold (TSXV: MAU) has closed a financing of approximately $20 million to fund its acquisition and subsequent development of the Mankono-Siss?(C)dougou joint venture project in C??te d'Ivoire.The financing involves the private placement of roughly 28.6 million subscription receipts, each priced at $0.70 and convertible into one common share of the company. T...Read More
Osisko Development (TSXV: ODV; NYSE: ODV) has provided an initial open-pit resource estimate for the Sapuchi, Golfo de Oro, California, High Life and Calvario deposits at its San Antonio project in Sonora state, Mexico.Indicated resources total 14.9 million tonnes grading 1.2 grams gold per tonne and 2.9 grams silver for 576,000 oz. of gold and 1.4 million oz. of silver. An additional 16.6 million...Read More
Shares of Star Diamond (TSX: DIAM) fell by more than 50% on June 29, after the company announced that Rio Tinto (NYSE: RIO; LSE: RIO; ASX: RIO) had exercised its voting power to place the Star - Orion South Diamond project on care and maintenance until the end of the year. Star Diamond holds a 25% interest in certain Fort ? la Corne kimberlites, including the Star - Orion South Diamond project...Read More
Precious metals miner Sibanye-Stillwater (NYSE: SBSW; JSE: SSW) revealed on Thursday that is in talks to take a controlling stake in Finnish lithium firm Keliber, adding that the plan is to have an 80% in the company, which aims to be Europe's first fully integrated lithium producer.The South African miner currently has a 30.3% stake, held through Keliber Oy which owns the namesake project in Fin...Read More
The mining world has quickly embraced environmental, social and governance (ESG) principles and more companies are seeing the need to meet those priorities, even on the level of investment, said Michel Brutti, founder and president of Clear Skies Investment Management, at the Mining Investment Event of the North conference on June 21."On the 'E' side, we can see there are solutions out there to go...Read More
Shelter line stretchin' round the corner,Welcome to the new world order,Families sleepin' in their cars in the Southwest,No home no job no peace no rest.The highway is alive tonight,But nobody's kiddin' nobody about where it goes,I'm sittin' down here in the campfire light,Searchin' for the ghost of Tom Joad."The Ghost of Tom Joad" - Bruce SpringsteenDear Friend,...Read More
The comment period will continue to September 13 from the original deadline of July 13 after feedback from stakeholders.Read More
With the wild ruckus raging over Supreme Court decisions lately, you'd think that all its surprise rulings were over and done with. But it turns out it wasn't finished infuriating the left side of the aisle. So what happened?Yesterday, the highest court in the U.S. ruled that the Environmental Protection Agency (EPA) doesn't have the authority to set standards on climate-changing greenhouse...Read More
USA Watchdog, Released on 7/1/22Dr. Paul Craig Roberts says American leaders want war with Russia. Russia is trying to avoid war, but the provocations from the U.S. and NATO keep coming. At some point, Dr. Roberts says Russia will be backed into a corner, and it won't take long for the battle to go nuclear. Paul Craig Roberts is an American economist and a columnist for Creators Syndicate. He serv...Read More
TheMomentOfTruth, Released on 6/30/22Jim Willie is a statistical analyst in marketing research and retail forecasting. He holds a PhD in Statistics, and his career has stretched over 25 years. He aspires to thrive in the financial editor world, unencumbered by the limitations of economic credentials. Jim operates a free website called Golden Jackass.Jim Willie: America's Coming Catastrophe added b...Read More
Wealthion, Released on 7/1/22For Part 1 of this interview, CLICK HEREEconomist Steve Hanke returns here in Part 2 of our interview with him to explain what impact a Fed pivot back to easing would have on inflation. He also shares his thoughts on how he thinks stocks, bonds, gold and other assets should fare over the coming year given his macroeconomic outlook.Steve Hanke is an American applied eco...Read More
Harry S. Dent Jr., Released on 7/1/22It looks like we are finally in a recession... How bad will it be?Harry Dent is a Fortune 100 consultant, new venture investor, noted speaker, bestselling author, and the founder and senior editor at Dent Research, where he dedicates himself to identifying and studying demographic, technological, and geopolitical trends. He has a free daily newsletter at www.ha...Read More
The Layah Heilpern Show, Released on 6/30/22Danielle DiMartino Booth is the author of Fed Up, former insider at the Federal Reserve and current CEO and chief strategist for Quill Intelligence. She joined me to discuss growing recession fears and whether we're at the end of the bull-run era. We touched on Bitcoin, gold price forecast. Fears are growing as markets are pricing in more interest rate h...Read More