News Archives

: Category: News Archives; Created: 02 April 2020; Hits: 503

Gold prices jumped over 1% on Thursday, as record high U.S. jobless claims for a second week in a row intensified fears of economic damage due to the coronavirus and drove investors towards the safe-haven metal.

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: Category: News Archives; Created: 02 April 2020; Hits: 506

“This is an unprecedented event,” said Susan Wachter, professor of real estate and finance at the Wharton School of the University of Pennsylvania. “The great financial crisis happened over a number of years. This is happening in a matter of months -- a matter of weeks.”

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: Category: News Archives; Created: 02 April 2020; Hits: 536

As drawdowns have a disproportionate impact on long-term performance, it does make sense in asset allocation to add a negative expected return stream because of its negative correlation during crises.

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: Category: News Archives; Created: 02 April 2020; Hits: 587

April 02, 20 by John Jeffay

(IDEX Online) - Lucara says its sale of large stones from the Karowe mine, in Botswana, may not take place next month as planned.

The quarterly tender in Gabarone in May is under threat from Covid-19 and may be replaced by sales in Antwerp, the Canadian miner said.

Most of Lucara's revenue comes from the sale stones over 10.8 cts. Other diamonds are sold on Clara, the company's blockchain-based sales platform.

The quarterly tender on 5 March achieved sales prices within one per cent of forecasts, the company said.

Its Karowe mine is still operating, despite coronavirus concerns.

"At the present time, we have not identified any immediate obstacles to the continued, safe operations of our mine and the sales office but we also acknowledge that the situation is extremely dynamic," the company said.

Lucara said it was suspending its 2020 guidance until further notice.

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Diamond News Archives

Gold Jumps; Record US Jobless Claims Lift Safe Haven Demand

Mortgage Lenders Bracing for the Biggest Wave of Delinquencies in History

"S&P500 Could Decline To 1,600": Stocks Facing Worst Outlook Since 2008

Lucara's Large Stone Sale Under Threat

Fed Panics As Foreigners Dump A Record $109 Billion In US Treasuries