(IDEX Online) - Watch and jewelry sales in the US fell for a fourth consecutive month in January. A mood of caution persists within the industry and, to some extent, among consumers. Trade is slow and production is low. The January fall is provisionally recorded at 2.1 per cent by the US Department of Commerce, though that is likely to revised next month. December was initially reported a loss of...Read More
(IDEX Online) - Gem Diamonds yesterday recovered a 122-carat D color Type II white diamond at its Letseng mine, in Lesotho.It's the first +100-ct diamond of the year at the highest average dollar per carat kimberlite diamond mine in the world.Recoveries of large diamonds last year were below average - four +100-cts compared with an average since 2008 of eight per year, which was a factor in t...Read More
(IDEX Online) - Botswana Diamonds says it expects to see the first recoveries from its Marsfontein project, in South Africa, later this month.Work began at the end of January and the British-based diamond exploration and development company says about 1,500 tons of eluvial gravels from the main Marsfontein pipe have been excavated and are awaiting processing. The Marsfontein Mine, in Limpopo...Read More
(IDEX Online) - Al Cook, the new CEO at De Beers, says workers' safety is his first priority as he visits the company's operations."Over 27 years in the energy business, including three years in offshore operations, I've learned that we have to put safety first," he said on LinkedIn, marking his first day in the post.Cook takes over from Bruce Cleaver, was executive vice president o...Read More
U.S. equity index futures were higher this morning. S&P 500 futures were up 7 points in pre-opening trade.Apple added $1.83 to $152.86 after Goldman Sachs initiated coverage with a Buy rating. Target price is $199.KB Homes dropped $0.50 to $35.26 after JP Morgan dropped its rating from Overweight to Underweight.DR Horton dropped $1.63 to $91.15 after JP Morgan downgraded the stock from Overwei...Read More
The U.S. has led the most aggressive sanctions regime ever in its efforts to punish Russia for invading Ukraine.The first round of financial targets included obvious attacks such as freezing the U.S. dollar accounts of Russian banks and oligarchs. The second round raised the ante by freezing the dollar accounts of the Central Bank of Russia itself. This was unprecedented except in the case of rogu...Read More
A low-budget hotel in Zhengzhou [Juhng Joe], the capital city of Henan province in central China, has caused controversy by ...Read More
A survey by the Chartered Professional Accountants of Canada has found that young Canadians aged 18 to 34 are more likely to ...Read More
Singapore police have initiated an investigation into Terraform Labs, co-founded by Do Kwon, who is facing charges of fraud by ...Read More
The US government is growing increasingly concerned that giant Chinese-made cranes operating in American ports could give ...Read More
Starting off The Daily Dive this week is David Barse, a returning guest and the founder and CEO of XOUT Capital. David joins us ...Read More
Tesla has reduced the prices of its Model S and Model X vehicles for the second time in two months, following earlier cuts that had ...Read More
On Saturday the Globe and Mail reported that Canada's top audit regulator has banned a U.S. accounting firm from taking on any ...Read More
Chinese electric vehicle makers are engaging in a Tesla-inspired price war, which is impacting even the most resilient players.Read More
In 2011, actor Denzel Washington gave a rousing commencement speech at the University of Pennsylvania. In this clip, he urges ...Read More
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Get FREE access to How to Unfuck Your Future at http://rvtv.io/unfk With more rate hikes looming, the market is trying to find its ...Read More