(IDEX Online) - Organizers of the Bharat Diamond Week at the Bharat Diamond Bourse (BDB) in Mumbai, India, are gearing up for the inaugural show which takes place from April 23-25. And ahead of the international diamond week, preparations are in full swing for a cricket tournament that will be taking place from April 8-15, in the run-up to the Bharat Diamond Week. "There is a carnival atmos...Read More
RAPAPORT... Eli Avidar will step down as managing director of the IsraelDiamond Exchange (IDE) to pursue a career in politics. The IDE chief chose not to continue in his position as head ofthe bourse, which he has held since January 2016, and will leave shortly, hetold Rapaport News Sunday. He will also resign as managing director ofthe Israel Diamond Institute (IDI). The former diplomat plans to...Read More
RAPAPORT... Hong Kong'spolished-diamond imports jumped in 2017, recent data from the municipality'strade body showed. Shipments into thecenter rose 9% to $18.93 billion in 2017, according to data from the DiamondFederation of Hong Kong, China. By volume, imports grew 3% to 19.5 million caratsfor the year, while the average price climbed 6% to $971 per carat. Polished imports from India increased 1...Read More
RAPAPORT... A blue diamond ring and a jadeite bracelet both failed tofind buyers at Sotheby's Hong Kong auction.Most notable of the unsold lots from the April 3 sale was a14.18-carat, fancy blue, VVS2-clarity diamond ring, surrounded by pinkdiamonds, which was estimated at $6 million to $7.7 million.A jadeite bangle - known as the "Circle of Heaven" -with an estimate of $10.2 million to $12.8 mill...Read More
The International Centre for Settlement of Investment Disputes rejected a motion introduced by BSG Resources to throw out a final report that ruled out the existence of forged signatures in documents pertaining the Simandou iron ore project in Guinea.The information was made public by The Wall Street Journal, whose journalists had access to a procedural order.BSGR, the mining arm of billionaire Be...Read More
MIT researchers published a paper this week where they explain that thin layers of solid oxide protective coating for metals can deform as if they were liquid, filling any cracks and gaps as they form.In a press release, the scientists explain that the coating layer should be especially useful to prevent the leakage of tiny molecules such as the hydrogen gas used to power fuel-cell cars or tritium...Read More
Six people were killed and two were injured after the roof of the reclaim tunnel at the Ahafo Mill Expansion project in Ghana collapsed. The project is run by US-based Newmont Mining Corporation (NYSE: NEM).The site is located in the Brong Ahafo region, some 307 kilometres from Accra. Other workers were evacuated and operations have been suspended to allow for an investigation into the causes of t...Read More
The former first lady's police report did not deter them. Quite the opposite happened. Local media in Zimbabwe report today that a larger group of artisanal miners has settled on Grace Mugabe's farm in Mazowe, about 40 kilometres north of Harare. The miners say they won't leave unless president Emmerson Mnangagwa asks them to.The new arrivals have started digging for gold using pickaxes, hoes and...Read More
Erik Townsend welcomes John Mauldin to MacroVoices. Erik starts by asking John if this is the end or just the beginning of this small market dislocation? They further discuss drivers behind the back up of interest rates and ask how far can the 10-year go before something breaks and what are the risks? They proceed to discuss inflation, China and some of the surprises from the SIC conference this y...Read More
"No excuses: there is never a reason to carry a knife. Anyone who does will be caught, and they will feel the full force of the law."Continue...Read More
Recent news about the US and China posturing for Trade Deals and the continued increase in rhetoric has weighed heavily on the markets these past few weeks. Yes, trade issues are a concern for nations and fair trade is essential to support both economies. Yet, the news seems to be exaggerated in scale and scope when one considers the totality of it all. Our research team at Technical Traders...Read More
RAPAPORT... Eli Avidar will step down as managing director of the IsraelDiamond Exchange (IDE) to pursue a career in politics. The IDE chief chose not to continue in his position as head ofthe bourse, which he has held since January 2016, and will leave shortly, hetold Rapaport News Sunday. He will also resign as managing director ofthe Israel Diamond Institute (IDI). The former diplomat plans to...Read More
RAPAPORT... A blue diamond ring and a jadeite bracelet both failed tofind buyers at Sotheby's Hong Kong sale.Most notable of the unsold lots from the April 3 auction was a14.18-carat, fancy blue, VVS2-clarity diamond ring, surrounded by pinkdiamonds, which was estimated at $6 million to $7.7 million.A jadeite bangle - known as the "Circle of Heaven" -with an estimate of $10.2 million to $12.8 mill...Read More
Criminal organizations in Mexico have branched out into a lucrative new market and revenue stream: big data. They have developed innovative practices to Continue...Read More
RAPAPORT... Sotheby's will auction two flawless white diamonds weighingover 50 carats each, estimated at a combined price of more than $15 million. The first is a round brilliant-cut, 51.71-carat stone,estimated at $8.2 million to $9.5 million, while the second is an oval-shaped, 50.39-caratdiamond, with an estimated price of $7.3 million to $8 million. Both stones areD color, flawless, type IIa a...Read More
(IDEX Online) - LVMH Mo?<
We speak with Jayant on China & India gold demand, an update on the demmonetizations scheme, and how to make money via arbitrage trading strategies and much more.Based in Singapore, Jayant is constantly traveling the world to look for investment opportunities, particularly in the natural resource sector. He advises institutional investors about his finds. Earlier, he worked for six years with US G...Read More
Jersey City Mayor Steven Fulop practically wiped out a couple’s retirement with the stroke of a pen.He decided to issue an executive order banning the demolition of any homes for six months.During those six months, Fulop wants the city council to pass new laws, “which will better protect the City’s culturally, historically and/or architecturally significant buildings and structur...Read More