News Archives

: Category: News Archives; Created: 05 April 2021; Hits: 574

April 05, 21 by John Jeffay

(IDEX Online) - India's diamond trade is bracing itself for further Covid turmoil as Maharashtra state imposes a coronavirus lockdown and Mumbai's Bharat Diamond Bourse (BDB) - the world's biggest - closes.

The country is suffering an unprecedented spike in Covid infections with 103,558 positive tests yesterday, the highest total for any day since the start of the pandemic.

More than half the cases are in the western state of Maharashtra, home to Mumbai and more than 110 million people.

From tonight until 30 April there will be a curfew from 20:00 to 07:00 local time and a full weekend lockdown from 20:00 on Fridays until 07:00 on Mondays. Only essential businesses will be allowed to operate during this time.

BDB, which was forced to shut in March 2020 as the pandemic hit, says it is closing until further notice.

Surat, the cut and polish hub, is in neighboring Gujurat state and is not subject to the curfew.

Pic shows a woman receiving her coronavirus vaccine in Mumbai...

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: Category: News Archives; Created: 03 April 2021; Hits: 532

Stocks, houses, commodities, Bitcoin – the price of nearly everything is up double digits vs last years pre-coronavirus highs.Have the trillions in stimulus ushered in a new bull market in, well, everything? Or have they helped blow the biggest asset price bubble in history?Macro analyst Wolf Richter suspects the latter. And he doesn’t think we have much time left before it bursts.

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: Category: News Archives; Created: 02 April 2021; Hits: 417

Both gold and silver had been trading under extreme pressure, resulting in dramatic price declines in both precious metals. Whether it is a longer-term move, or just a short reversal that keeps both metals in a defined trading range is yet to be determined.

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: Category: News Archives; Created: 01 April 2021; Hits: 492

The comment all but assures Democrats would have to pass a more than $2 trillion infrastructure proposal on their own, unless they make major changes to win Republican support.

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: Category: News Archives; Created: 01 April 2021; Hits: 569

April 01, 21 by John Jeffay

(IDEX Online) - The Lulo mine, in Angola, has yielded three more stones over 100 carats, bringing the total since it opened in five years ago to 22.

Lucapa Diamond Company says it recovered a 131-carat is a Type IIa D-color diamond, a 118-carat brown diamond and a lower quality 133-carat grey diamond.

All three were found at the highly prolific Mining Block 46 of its alluvial mine downstream of the Canguige tributary that drains into the Cacuilo River valley.

The Australian miner and its partners, Endiama and Rosas & Petalas said in a statement: "Six +100 carat diamonds have been recovered from Mining Block 46 in the last three.

months, reaffirming its recent elevation to the Lulo mining block with the best +100 carat diamond occurrence rate - one +100 carat diamond for every ~20,000 bcm's of gravel."

Pic shows three +100 carat diamonds and two +50 carat diamonds recovered from MB46...

Diamond News Archives

Lockdown in Maharashtra, India, as Covid Infections Hit All-Time High

“This Looks Like The Market Peak”

Multiple Indications of a Reversal in Gold and Silver

McConnell Says GOP Won't Support Biden's Infrastructure Plan, Vows to Fight Democratic Agenda

Prolific Lulo Mines Yields Three More +100-carat Stones