Diamond News Archives
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Gold prices edged higher on Thursday as the dollar slipped, while investors looked forward to a speech by Fed Chair Jerome Powell at the Jackson Hole symposium.
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A softening housing market prompted analysts at Bank of America to downgrade their rating on three prominent homebuilders on Thursday.
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(IDEX Online) - A London-based jewelry designer sold a collection of rings for $23,000 in under a minute, thanks to her TikTok profile.
Susannah King has amassed over 133,000 followers on the video-hosting site, with regular posts detailing how she uses brightly-colored gemstones to make her pieces.
The fourth-generation goldsmith received more than 2,000 messages and sold her entire collection of 28 rings in under 60 seconds on 15 August.
After the success of her "ring drop" on 15 August, she's planning another, this time with 50 pieces, on 1 December.
Pic shows some of Susannah King's rings...
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Russian President Vladimir Putin signed a decree Thursday increasing the size of his country’s armed forces by 137,000, as the Kremlin’s war in Ukraine passed the six-month mark. Putin’s decree will increase the number of combat personnel in the Russian armed forces by about 10%, up from 1.01 million to 1.15 million. That will take the total head count of the military to 2.04 million.
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In fact, the soft-landing story lacks any economic logic. The claim that wage pressures can be reduced by decreasing the ratio of job openings per unemployed, without substantially increasing unemployment, is wishful thinking on the Fed’s part. This ratio is a reflection of job matching efficiency, which can only be decreased through active labor market policies, such as training, as we explained repeatedly in our FOMC specials.
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