News Archives

: Category: News Archives; Created: 08 June 2022; Hits: 1085

The world economy will pay a “hefty price” for the war in Ukraine encompassing weaker growth, stronger inflation and potentially long-lasting damage to supply chains, the OECD said.

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: Category: News Archives; Created: 08 June 2022; Hits: 1130

June 08, 22 by

(IDEX Online) - Bank of America is forecasting a 15 per cent increase in diamond prices this year, amid the ongoing squeeze on supplies.

It says supply of diamonds is now the lowest since the Great Financial Crisis of 2008. And the US currently accounts for a half of global demand, says the bank, one of the world's largest financial institutions.

Sanctions on Russia, over its invasion of Ukraine, have resulted in acute shortages of rough, especially smaller goods. And China's zero-tolerance policy on Covid has hit luxury spending.

"We see the fundamentals remaining price-supportive short term; we expect global supply to peak at 114m carats in 2023," Jason Fairclough, the bank's head of EMEA metals and mining research, told the financial news website MarketWatch.

By comparison, the pre-Covid figure for 2019 was 142m carats....

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: Category: News Archives; Created: 08 June 2022; Hits: 1074

The Organization for Economic Cooperation and Development (OECD) has cut its growth forecast for the U.S. economy, blaming high inflation that could take longer to dissipate as supply disruptions persist in part due to the Ukraine war and China's COVID-19 lockdowns.

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: Category: News Archives; Created: 07 June 2022; Hits: 1096

Jeff Clark spoke with Brien Lundin and talked about the selloff in junior miners, how the Fed is stuck & can't raise rates as much as many assume, where his confidence in gold stocks comes from, when gold's next up-leg might come, & why a newsletter can be useful."

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: Category: News Archives; Created: 07 June 2022; Hits: 1091

Large debt is dangerous to the nation and to its responsible citizens. It is time for our leaders to take notice.

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Page 42 of 854

Diamond News Archives

Shock of War Threatens Lasting Impact on Global Economy

Diamond Prices up 15% This Year, says Bank of America

US Economy to Slow Due to Sticky Inflation, Persistent Supply Woes: OECD

Fundamentals Lift a Gold Bug's Spirits | Jeff Clark

Revisiting America’s Debt