News Archives

: Category: News Archives; Created: 23 October 2020; Hits: 461

Last week I reported "Seasonally-adjusted continued claims fell from 11,183,000 last week to 10,018,00 this week." This week we see continued claims fell from 9,373,000 to 8,373,000. We had massive revisions primarily in California which was investigating fraud.

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: Category: News Archives; Created: 22 October 2020; Hits: 849

As seen by indicators that have sprung up as a result of the Pandemic.

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: Category: News Archives; Created: 22 October 2020; Hits: 488

October 22, 20 by John Jeffay

(IDEX Online) - Petra is to sell a unique collection of blue diamonds, recovered within a week at its iconic Cullinan mine, in South Africa.

The Type IIb diamonds, weighing between 9.61 carats and 25.75 carats, are all described as being of significant color, clarity, size. They contain a small amount of boron, which determines their blue color.

They've been named Letlapa Tala, which means "blue rock" in Pedi, the predominant language spoken locally.

Petra Diamonds Limited agreed a restructuring deal earlier this week with South African lenders in the face of $650m of debts.

It says the Letlapa Tala collection (pictured) is probably first time five blue rough diamonds have ever been offered for sale at one time.

Buyers can bid for any or all of the stones. Viewings will take place in Antwerp, Hong Kong and New York, and the tender will close on 24 November....

Read more from our friends at IDEX

: Category: News Archives; Created: 22 October 2020; Hits: 470

The lira sank to a record low after Turkey’s central bank unexpectedly held back from raising its key interest rate.Traders had been holding out for a fresh increase on Thursday after policy makers hiked rates at their previous meeting.

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: Category: News Archives; Created: 21 October 2020; Hits: 524

Since the outbreak of the coronavirus, the United States has experienced one of the most unprecedented economic interventions in all of its history.

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Diamond News Archives

Unemployment Claims Drop For the Wrong Reason

Down to Earth View of the “Recovery” in Near Real Time, Eight Months into the Pandemic

Petra Sells Unique Collection of Blue Diamonds

Lira Tumbles After Central Bank Defies Rate Hike Expectations

How Long Can the Fed Keep This Time Bomb from Exploding?