Diamond News Archives
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The essential fallacy of John Maynard Keynes and his early disciples was to cultivate the monetary equivalent of alchemy. They believed that paper money was a suitable means to alleviate the fundamental economic problem of scarcity.
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The question investors should thus be asking themselves is this: ‘Is this divergence sustainable or are U.S. stocks due to give back a good deal of their significant outperformance now that U.S. assets are no longer a relative bargain?’
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(IDEX Online) - Consumers have been making more "meaningful" jewelry purchases during lockdown, according to research by De Beers.
Spending more time with family, and less time commuting, has shifted the focus from towards pieces that represent feelings of love and connection, rather than fun or practicality.
Almost half (45%) of those surveyed in the company's monthly "deep dive into diamond-specific attitude" said they were likely to buy fewer but better items.
Three quarters said COVID-19 had not affected the likelihood of them buying diamond jewelry.
Consumers also said they felt safest shopping online, although if they did venture out, they were much more likely to choose an independent jeweler over a multiple....
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Fed chief Jerome Powell continues to strike a downbeat tone on the jobs recovery after COVID-19. Investors hate hearing it.
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Many of the public employee pension plans run by states don't have enough money in them to make upcoming pension payments to retired state workers. The pandemic could make that problem much worse.
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