RAPAPORT... Hong Kong's hard-luxury sales rebounded in September amid an improved job market and a new stimulus payment.Sales of jewelry, watches, clocks and valuable gifts rose 8% year on year to HKD 3.44 billion ($437.6 million) for the month, the municipality's Census and Statistics Department reported Tuesday. While July's sales saw a 30% boost, the growth slowed in August, rising only 4%. Sep...Read More
RAPAPORT... The Responsible Jewellery Council (RJC) has appointed World Diamond Council (WDC) president Edward Asscher as vice chairman at its first in-person board meeting since the start of the pandemic.In addition to serving his second term as head of the WDC, Asscher, who was elected at the October 6 meeting in London, is the founder of the Royal Asscher Diamond Company, the RJC said Tuesday....Read More
RAPAPORT PRESS RELEASE, November 2, 2022, Las Vegas... Diamond trading was cautious in October as demand softened. Dealers lacked the urgency to buy, anticipating further price drops. The Jewish holidays and India's Diwali festival also slowed business. US jewelers remain optimistic for the upcoming holiday season despite high inflation and economic declines.The RapNet Diamond Index (RAPI?,,?) for...Read More
RAPAPORT... A 6.25-carat emerald that spent nearly four centuries in the depths of the ocean is set to go under the hammer at an upcoming Sotheby's sale in New York.The octagonal step-cut gem, salvaged from the fabled Nuestra Se??ora de Atocha shipwreck of 1622, will be one of the items the auction house will showcase at its December 7 Magnificent Jewels sale, it said Monday. A specialized team le...Read More
(IDEX Online) - Botswana's president has slammed a newspaper suggestion that the country would no longer be selling its larger diamonds to De Beers.Mokgweetsi Masisi told delegates at the Natural Diamond Summit, in the capital Gaborone, that the report was "false" and "ludicrous". The Sunday Standard newspaper ran a story headlined "Masisi to ditch De Beers for Lucara and HB Antwerp?".It...Read More
(IDEX Online) - A long-lost emerald, salvaged from a 400-year-old shipwreck is to be auctioned by Sotheby's New York.The octagonal step-cut 6.25 carat emerald ring will be sold with a $50,000 to $70,000 estimate and all proceeds will go to humanitarian efforts in Ukraine.The gemstone was lost for 363 years after the galleon Nuestra Senora de Atocha sank during the hurricane season in th...Read More
(IDEX Online) - The Bharat Diamond Bourse (BDB), in Mumbai, India, has celebrated 12 years of operations. Vice president Mehul Shah thanked the Israel Diamond Exchange (IDE), in Ramat Gan, saying it had served as inspiration for the venture. The BDB complex (pictured), covering 2m sq ft, was designed in the shape of a diamond and, like IDE, it has interconnected high-rise buildings....Read More
Digital capital raising platform opens doors with over 100 ASX offers completedSPONSOREDblue horseshoe ventures pty limitedStudy points to more copper-gold potential for PolarX in AlaskaSPONSOREDpolarx limitedPurepoint Uranium Group Well Positioned to Make Next Athabasca DiscoverySPONSOREDpurepoint uraniumSheffield flashes a green light at ThunderbirdSPONSOREDsheffield resources limited &nbs...Read More
BHP will acquire a 19.9% stake in Brixton Metals at C$0.18 a share in deal which potentially totals C$13.4 million.Read More
"The Pentwater parties have agreed to withhold their votes at the special meeting and have delivered notices of the exercise of their dissent rights in respect of the arrangement," Pentwater CapitalRead More
Digital capital raising platform opens doors with over 100 ASX offers completedSPONSOREDblue horseshoe ventures pty limitedStudy points to more copper-gold potential for PolarX in AlaskaSPONSOREDpolarx limitedPurepoint Uranium Group Well Positioned to Make Next Athabasca DiscoverySPONSOREDpurepoint uraniumSheffield flashes a green light at ThunderbirdSPONSOREDsheffield resources limitedIt comes af...Read More
U.S. equity index futures were mixed this morning. S&P 500 futures were down 2 points in pre-opening trade. Focus today is the FOMC announcement on monetary policy at 2:00 PM EDT. Consensus calls for an increase in the Fed Fund Rate by 0.75% to 3.75%-4.00% and a $95 billion asset purchase.Advanced Micro Devices $AMD added $2.41 to $62.07 after the company offered positive fourth quarter revenu...Read More
The all-important midterm elections are just one week away. I've said a lot about them, and will have more to say about them in the days to come.But today, I want to talk about something even more important: truth vs. official lies. More specifically, I want to talk about truth and propaganda.It's said that truth is the first casualty of war. And Churchill once said that in wartime, truth is so pr...Read More
This video looks at how the over 1000 percent surge in the lithium price since 2020 has been driven by a huge unexpected rise in ...Read More
The company trimmed guidance for US PGM and South African gold production, as it reported falling earnings.Read More
Share this articleTORONTO - HudBay Minerals Inc. [HBM-TSX, NYSE] has released an initial resource estimate for its Liaguen copper deposit, which is located in the Otuzco province in La Libertad region of Peru."We have a rich pipeline of organic copper growth projects at Hudbay and our Liaguen property adds another exciting opportunity to this pipeline,'' said Hudby President and CEO Peter Kukiel...Read More
I know this is not a popular opinion, but I'm going to say it anyway...President Biden needs to stop vilifying the oil companies for making record profits.He said that it was unacceptable, calling those profits "a windfall of war."According to Reuters:"I think it's outrageous," [Biden] said. If they passed those profits on to consumers, gasoline prices would be down about $0.50.The oil industry "h...Read More
The Lead-Lag Report, Released on 11/3/22Dr. Marc Faber was born in Zurich, Switzerland and obtained a PhD in Economics at the University of Zurich. Between 1970 and 1978, Dr. Faber worked for White Weld & Company Limited in New York, Zurich and Hong Kong. From 1978 to February 1990, he was the Managing Director of Drexel Burnham Lambert (HK) Ltd. In 1990, he set up his own business, Marc Faber Lim...Read More
Gold Silver (w/ Mike Maloney), Released on 11/3/22Mike Maloney is not happy. Why? Last week, he was made aware of a particular government website that contains some in-depth data that until now had been very hard to convey. So why is he angry? This site, makes it plain for all to see, how inept and hopeless the government has become. The data from the last four years is absolutely shocking - and s...Read More
Wall St. For Main St., Released on 11/3/22Jason Burack of Wall St for Main St welcomed back returning guest, Doomberg to talk about how the global problems with diesel, natural gas, fertilizer and a lack of cheap energy and cheap electricity have not gotten better (but actually worse) over the last 10-12 months.Over 200 articles, audio podcasts & interviews with experts exclusive for Patrons with...Read More