Diamond News Archives
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(IDEX Online) - Following the agreement to restructure the Operational Framework System created for the Central African Republic (CAR) at the recent Kimberley Process (KP) Plenary Meeting, the WDC has released updated information about exports from the African country.
Under the terms of the revised framework, the CAR government can issue KP certificates to rough diamond shipments for goods sourced in the eight approved green zones. Until now, KP certificates could only be issued after getting approval from the CAR Monitoring Team (CAR MT) prior to each export.
The CAR MT will continue to monitor all legal exports from the country with the government remaining obligated to provide information about rough diamond exports each month.
The CAR MT will cross-check copies of all KP export certificates received from the government against the confirmations of imports of the corresponding shipments, which the authorities in the importing countries/trading centers will supply.
Although government-sanctioned authorities are now responsible for supplying confirmation of imports of rough diamonds from the CAR, members of the trade are urged to practice enhanced vigilance when handling rough diamonds believed to have originated from the country.
The WDC says this should be done by ensuring that import shipments from CAR only include goods sourced from the approved green zones and are accompanied by a CAR government KP certificate.
Importers seeking to ensure transparency are encouraged by the KP to provide the CAR MT with confirmation of shipments of diamonds imported from the country.
The changes are a provisional modification and are valid for one year. The effectiveness of the changes will be assessed by the KP during 2020....
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Jeff Gundlach talks stock market, the Fed's 'massive u-turn,' and the next recession - YouTubeSelecione seu idioma.
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"We'd actually have negative nominal GPD right now," Says Jeffrey Gundlach
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Legg Mason, a diversified global asset management firm, said the probability of a recession over the next 12 months is 50%.
According to the variables the firm looks at to determine the health of the economy, recession risk is rising, said Jeff Schulze, the investment strategist for ClearBridge Investments, at Legg Mason's market outlook for 2020 last Monday in New York. ClearBridge is an affiliate that serves as the advisor on many Legg Mason mutual funds.
Schulze said he uses a dashboard of 12 variables that have done a very good job of foreshadowing the last seven recessions. The dashboard runs across four economic fault lines: financial, inflation, business activity and the consumer. Consumer health is the dashboard's biggest part because it's the biggest part of the U.S. economy.
Using a stoplight analogy, the dashboard flashes green when it signals expansion, yellow signals caution and red signals recession. At the end of the third quarter, the yield curve, commodities and ISM new orders were flashing recession. Money supply, wage growth, and profit margins were showing caution. Finally, credit spreads, truck shipments and the entire consumer category of housing permits, jobless claims, retail sales, and job sentiment were signally an economy in expansion.
"We're looking to see whether or not consumer spending can continue to move forward," said Schulze. "If you're seeing cracks in the labor market, and if that does become apparent, our risks of a recession are...
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(IDEX Online) - Alrosa generated $8.6 million in sales from an auction of special size rough diamonds (weighing over 10.8 carats) held in Ramat Gan, Israel.
The Russian company sold 116 rough diamonds with a total weight of 1,800 carats at the auction, which saw 121 participants from Israel, Belgium, India, UAE, Russia, Hong Kong and the U.S.
Evgeny Agureev, deputy CEO of Alrosa said the sale went well with buyers purchasing 75 percent of the diamonds on offer by volume.
In accordance with Russian legislation, Alrosa sells large rough diamonds at international auctions. Every year, the company holds about 30 such auctions in Moscow, Vladivostok, Antwerp, Ramat Gan, Hong Kong, New York and Dubai....
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Now known as TT320, the ancient Egyptian tomb is located next to the Deir el-Bahri, in the Theban Necropolis, opposite Luxor. It is thought to have initially been the last resting place of High Priest of Amun Pinedjem II, his wife Nesikhons, and other close family members. However, Pinudjem II died around 969 BCE, in a time of the decline of the Egyptian kingdom, during which mummies from former dynasties were vulnerable to grave robbery.
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So, during the reign of Ramses IX's, the High Priest did something rather sneaky, which would remain a mystery for more than 3,000 years.
The incredible story was revealed during Bettany Hughes' Channel 5 show “Egypt’s Great Treasure” – broadcast on Wednesday.
Dr Hughes said: “The mummified body of an almighty Egyptian king was discovered somewhere rather surprising.
“The trail starts here, in the ancient city of Luxor, when some rather curious things started to appear on the antiquities market.
an amazing find was made down the shaft (Image: GETTY)
The mummified body of an almighty Egyptian king was discovered somewhere rather surprising
“Incredibly valuable riches, belonging to some of Egypt’s most famous Pharaohs, but no-one knew where they were coming from.
“In the spring of 1881, the suspicious authorities started to make inquiries and they discovered that they were being sold by a local farmer called Abd el-Rassul.
“He was immediately taken in for questioning and under torture, he revealed the source of his treasures.”
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