News Archives

: Category: News Archives; Created: 26 February 2021; Hits: 469

This has created an illusion that we can always create money out of thin air and it will magically hold its current purchasing power for ever greater amounts of energy, food and water.

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: Category: News Archives; Created: 25 February 2021; Hits: 496

“Gold items were not very common during the Viking Age,” says Allison Fox, an archaeologist at Manx, in the statement. “Silver was by far the more common metal for trading and displaying wealth. It has been estimated that gold was worth ten times the value of silver and that this arm ring could have been the equivalent of 900 silver coins.”

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: Category: News Archives; Created: 25 February 2021; Hits: 482

February 25, 21 by John Jeffay

(IDEX Online) - Alrosa is to re-open its Severalmaz ore processing plant, as global demand returns.

The plant, which accounts for about 11 per cent of the miner's annual rough diamond output, ceased operations last October.

It was scheduled to re-open on 1 April, but that has been brought forward to 1 March as the markets recover more quickly than expected.

Processing was also suspended from May to July 2020 because of what the company described as "a slump in demand for diamonds amid the coronavirus pandemic".

Severalmaz, a subsidiary of Alrosa, produced 2.8m carats in 2020 at Lomonosov, one of the world's biggest diamond mines.

"Preparatory and repair works are underway to minimize forced shutdowns of the plant after relaunch and ensure that the planned production program is completed," said the company in a statement. "It was planned to process 3 million tons of ore in 2021."...

Read more from our friends at IDEX

: Category: News Archives; Created: 25 February 2021; Hits: 418

U.S. Treasury Secretary Janet Yellen called for greater transparency around the use of International Monetary Fund resources and on existing stocks of debt as global finance chiefs consider an expansion in the IMF’s lending firepower.

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: Category: News Archives; Created: 25 February 2021; Hits: 445

After sliding for four straight months, analysts expected pending home sales to flatline in January (despite bounces in new- and existing-home sales). But, amid a collapse in mortgage applications (and jump in mortgage rates), pending home sales tumbled 2.8% MoM to the lowest level since July...

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Diamond News Archives

Oil and Debt: Why Our Financial System Is Unsustainable

Amateur Treasure Hunter Finds Trove of 1,000-Year-Old Viking Jewelry: Smithsonian

Covid Recovery: Alrosa Re-opens Processing Plant

Yellen Seeks Debt Transparency as IMF Eyes Expanded Firepower

Pending Home Sales Unexpectedly Plunge In January - Lowest Since July