RAPAPORT... Tango Mining achieved an average price of $864 per carat atits March tender, driven by the sale of an 8.47-carat diamond, the company saidFriday. The stone, which fetched $2,896 per carat, was among 106 roughdiamonds - weighing a combined 159.34 carats - that Tango put up for sale. Tango sources its diamonds from the Oena mine in SouthAfrica. The company has recovered 1,660...Read More
(IDEX Online) - The organizers of the CARAT+ show said that GIA Executive Vice President and Chief Laboratory and Research Officer Tom Moses will speak at a GIA GemFest during the May 6 to 8 show in Antwerp. GIA will participate at CARAT+ with information about its research programs, educational offerings, and gemological laboratory services and instruments. On May 7, Moses will spea...Read More
RAPAPORT... The Jewelers Board of Trade (JBT) has appointed RichardWeisenfeld as president, the industry group said Friday. Weisenfeld (pictured), who previously held executive positions at RivaPrecision Manufacturing, as well as at Pranda North America, has been actingpresident since Anthony Capuano retired in February. He has served on the JBT boardfor 17 years, and was chairman from 2014...Read More
RAPAPORT... Jewelers of America (JA) has promoted Annie Doresca to chieffinancial officer, the trade organization said last week. Doresca (pictured) has been director of finance and administration for JA since 2008. In the larger role, she will handle matters related to JA, its publishing unit National Jeweler, and the DiamondCouncil of America (DCA), which became an affiliate of JA in A...Read More
RAPAPORT... Lucara Diamond Corp. has appointed Zara Boldt as its chieffinancial officer and corporate secretary, as part of an effort to consolidateits management team, the miner said last week. "[Zara] will be focused on maximizing the value of Lucara'score diamond-mining business at Karowe, and will support the development ofClara, our new secure, digital diamond-sales platform," said CEO...Read More
RAPAPORT... Alrosa has encouraged its long-term clients to disclose theRussian origin of diamonds they buy from the miner. The company has urged its Alrosa Alliance members - clients thathaved a rough-buying contract with the miner - to be open about where they get their diamonds from when selling them on to others. This includes "highlighting the exclusively Russian,natural and non-conflict origi...Read More
Interesting discussion of capital flowsRead More
Lalita Shinde, a member of the trust that is in charge of managing operations at the Trimbakeshwar temple in northwestern India, approached her country's National Archives this week and presented a memorandum demanding the repatriation of the blue Nassak diamond, which reportedly once graced the crown of Lord Shiva idol.The trustee has been in this quest for a few years now. According to local med...Read More
Local media in India report that hundreds of people gathered in the Tuticorin district, which is located in the southeastern state of Tamil Nadu, to protest against Vedanta's (LON:VED) Sterlite copper plant.The protesters were asking authorities and the company to stop expanding the smelter and to shut it down. They say that, for more than two decades, gas emissions and effluents from the facility...Read More
Personnel from Mexico's Federal Attorney's Office for Environmental Protection visited the San Dimas mine to evaluate the extent of the damage caused by a cyanide spill that reached the nearby Piaxtla river.San Dimas, located in the northwestern Durango state, is owned by Canada's Primero Mining (TSX:P). The project consists of five ore blocks contained within a 22,500 hectares contiguous property...Read More
"I believe that we can have one more decline in interest rates as a result of a recession that may happen later on this year or next year."Dr. 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 Managi...Read More
China is working a strategy with the Saudis. Since the last months of 2017, the Jackass has been firm that the ARAMCO deal forContinue...Read More
The impact of a trade war is more psychological than direct, unless governments choose to "really slam on tariffs," says economist Robert Shiller.Robert Shiller is an American economist, academic, and best-selling author. He currently serves as a Sterling Professor of Economics at Yale University and is a fellow at the Yale School of Management's International Center for Finance. Mr. Shiller has b...Read More
The work included in this article is based on current events, technical charts, and the author's opinions. It may contain errors, and youContinue...Read More
RAPAPORT... The Jewelers Board of Trade (JBT) has appointed RichardWeisenfeld as president, the industry group said Friday. Weisenfeld (pictured), who previously held executive positions at RivaPrecision Manufacturing, as well as at Pranda North America, has been actingpresident since Anthony Capuano retired in February. He has served on the JBT boardfor 17 years, and was chairman from 2014...Read More
RAPAPORT... Lucara Diamond Corp. has appointed Zara Boldt as its chieffinancial officer and corporate secretary, as part of an effort to consolidateits management team, the miner said last week. "[Zara] will be focused on maximizing the value of Lucara'score diamond-mining business at Karowe, and will support the development ofClara, our new secure, digital diamond-sales platform," said CEO...Read More
RAPAPORT... Tango Mining achieved an average price of $864 per carat atits March tender, driven by the sale of an 8.47-carat diamond, the company saidFriday. The stone, which fetched $2,896 per carat, was among 106 roughdiamonds - weighing a combined 159.34 carats - that Tango put up for sale. Tango sources its diamonds from the Oena mine in SouthAfrica. The company has recovered 1,660...Read More
The US's debt bubble and potential trade war is worrisome on many levels as the value of the dollar continues to decreaseContinue...Read More
RAPAPORT... Christie's New York spring sale will feature an8.42-carat, fancy intense pink diamond ring, estimated at between $4 millionand $6 million, the auction house said Friday. The cut-cornered rectangular modified brilliant-cut, VVS1-claritystone has the potential to be recut to internally flawless, according toChristie's. Two tapered baguette-cut diamonds surround it on either side. Otherno...Read More
Editor’s Note: This is the first in a series of articles taking a non-partisan approach to deconstructing the problem of school shootings, and discussing solutions.Post Parkland: Are We Missing The Mark?People love narratives, and why not? They help us cope with a sudden tragedy when the pieces of the puzzle are either missing, hard to comprehend or even when we find it hard to face facts. H...Read More