(IDEX Online) - Nirav Modi, the one-time diamond billionaire, now has less than $3 in his company bank account.Firestar Diamond International Pvt. Ltd. (FDIPL) has a balance of just Rs 236 ($2.85) according to a Times of India report, after Kotak Mahindra Bank transferred almost $300,000 to pay income tax debts.Modi, 51, (pictured) is accused of fraudulently using letters of undertaking offered by...Read More
(IDEX Online) - India suffered another steep decline in gross exports of polished diamonds during July, down just over 39 per cent to $1.17bn.Ongoing weak demand had a more severe impact than June, when year-on-year exports slid by 31 per cent. Foreign sales during May appeared to show some recovery with a more moderate fall of 17.5 per cent.Gross imports of rough diamonds were down by 21 per cent...Read More
(IDEX Online) - Gemstone educator Gem-A has issued a warning over "diamond solitaire rings" that are being mailed, apparently randomly, to people in the UK and northern Europe. It's almost certainly a scam, but nobody, least of all Gem-A, is quite sure how it works.The organization, which provides gemology and diamond education in 26 countries but does not sell jewelry, said it was "baff...Read More
Lindian aims for centuries of REE productionSPONSOREDlindian resources Mine to metals model makes ASM a rare opportunity SPONSOREDaustralian strategic materialsArdea set for 40 years plus of nickel, cobalt productionSPONSOREDardea resourcesSaudi to help Africa 'break ranks' with historic trading partnersSPONSOREDsaudi ministry of industry and mineral resourcesThe announcement fol...Read More
Bluejay shares have been under pressure over the last year, due to equity raises as well as decision to reverse a planned demerger of its Disko battery metals exploration business.Read More
U.S. equity index futures were higher this morning. S&P 500 futures were up 3 points at 8:30 AM EDTThe Canadian Dollar was unchanged at US73.60 cents following release of Canada's June Retail Sales at 8:30 AM EDT. Consensus was unchanged from May. Actual was an increase of 0.1%.Toll Brothers gained $0.66 to $76.70 after reporting higher than consensus fiscal third quarter earnings. The company...Read More
"New COVID variants... are spreading," warns CBS."New variant drives up COVID-19 hospitalizations in New York," reports Spectrum News."It may be time to break out the masks against COVID..." intones CNN."COVID boosters are still weeks away as cases surge in the U.S.," shrieks Axios.A certain Dr. Robert Wachter professes medicine at the University of California San Francisco. From whom:Hospitalizat...Read More
Aug 22, 2023 Join us as we explore the potential for massive returns through investing in the nascent stages of precious and base ...Read More
Aug 22, 2023 Join a dynamic discussion with leading gold mining executives as they examine the opportunities and obstacles ...Read More
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Jeff Moore, the Honorary Deputy Chief of Vancouver Fire & Rescue Services and Honorary Consul General of El Salvador, shares ...Read More
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