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Diamond News Archives

Live: Trump's Coronavirus Task Force Holds Briefing on New Guidelines

Category: News Archives
Created: 16 March 2020
Hits: 437
Diamond Buyers Club
Members of the task force created to address the deadly coronavirus outbreak are expected to hold a press briefing Monday at the White House as authorities take drastic measures to slow the spread of the disease.
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Read more from our friends at Gold & Silver

The Covid 19 Dominoes Fall: The World Is Insolvent: Charles Hugh Smith

Category: News Archives
Created: 16 March 2020
Hits: 414
Diamond Buyers Club
Subtract their immense debts and they have negative net worth, and therefore the market value of their stock is zero.
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GSI to Identify Enhancements in Lab-Grown Gradings

Category: News Archives
Created: 16 March 2020
Hits: 549
March 16, 20 by John Jeffay
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(IDEX Online) - GSI is to offer grading reports which identify enhancements to lab-grown diamonds

It says the move will increase consumer confidence by providing buyers with reliable information.

The New York-based laboratory says that unlike other labs, it will disclose whether a diamond has undergone post-growth treatments or enhancements.

Their reports include the same essential information as natural diamond grading reports, but clearly identify that the diamond is lab-grown.

"Consumer confidence is key and consumers want more information and complete transparency about the natural and lab-grown diamonds they are buying," said Debbie Azar, president and co-founder of GSI (Gemological Science International).

The LGX Complete reports will indicate if a diamond was produced by HPHT (High-Pressure High Temperature) or CVD (Chemical Vapor Deposition) process and whether it is "As Grown" or has been enhanced....

Read more from our friends at IDEX

The World Is Hit With A $12 Trillion Dollar Margin Call

Category: News Archives
Created: 16 March 2020
Hits: 605
Diamond Buyers Club
Last week the world got a dollar margin call, one which according to JPM is now $12 trillion, 60% of US GDP, and roughly double where it was during the financial crisis.
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Read more from our friends at Gold & Silver

Trading Halls Close in Belgium and Israel

Category: News Archives
Created: 15 March 2020
Hits: 584
March 15, 20 by John Jeffay
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(IDEX Online) - Diamond trading halls in Antwerp, Belgium, and Ramat Gan, Israel, have closed because of coronavirus restrictions.

Trading halls at The Israel Diamond Exchange, with 15,000 employees, are subject to new rules announced on Saturday against gatherings of more than 10 people.

Restaurants, the gym, and smoking rooms at the secure complex, known as The Bursa, will also close, although the buildings remain open and are otherwise functioning normally.

In Antwerp trading halls at all four bourses - Antwerp Diamond Bourse, the Antwerpsche Diamantkring, the Diamond Club of Antwerp and Vrije Diamnthandel - will be closed from tomorrow, although the buildinbg themselves will remain open.

 

The Antwerpsche Diamantkring said the halls would be closed until further notice. It urged members to work from home as much possible and to avoid busy times on public transport if they did come in....

Read more from our friends at IDEX

  1. "Forgotten" Diamonds in Limbo for 11 Years at Canadian Border Post
  2. Coronavirus IS THE PIN - Mike Maloney's Gold/Silver Update
  3. The Oil Collapse Isn’t Over Yet: Oilprice
  4. Trump plans to declare national emergency over coronavirus pandemic

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