(IDEX Online) - There were swathes of price drops during October, especially among rounds. Indian manufacturers are being urged to support a voluntary ban on rough purchases (15 October to 15 December).Alrosa halted all rough sales during September and October, and Okavango, Botswana's state-owned diamond company, announced last week that it was doing likewise, cancelling its November auction...Read More
(IDEX Online) - Almost three quarters (74 per cent) of Chinese consumers believe natural diamonds are more valuable than lab growns according to research for Chow Tai Fook.The jewelry group, which has over 7,200 outlets, says natural diamonds will continue to dominate the market, thanks to consumer demand.It has just published its first Jewellery Consumer Trends Report, based on a survey of 5,000...Read More
U.S. equity index futures were mixed this morning. S&P 500 futures were down 1 point at 8:35 AM EDT.S&P 500 Index futures recovered 12 points following the Treasury Department's refunding announcement at 8:30 AM Paycom Software dropped $76.92 to $168.05 after the company reduced guidance below consensus for 2024.Yum China dropped $4.91 to $47.65 after reporting less than consensus third qu...Read More
Jim Rickards was correct.Jim forecast that the Federal Reserve would sit upon its hands today no rate hike.And in fact the Federal Reserve sat upon its hands today no rate hike.Mr. Powell left his sword in its sheath.The stock market reacted initially with a shrug of its slumping shoulders.That is because it did not anticipate a rate increase. Thus its expectations were merely affirmed.Stocks...Read More
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The Exponentialist - Become a charter member https://rvtv.io/3tQlabB Market rallies as Fed holds rates, sparking hope that hiking ...Read More