Diamond News Archives
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Between US President Donald Trump's zero-sum disputes with China and Iran, UK Prime Minister Boris Johnson's brinkmanship with Parliament and the European Union, and Argentina's likely return to Peronist populism, the fate of the global economy is balancing on a knife edge. Any of these scenarios could lead to a crisis with rapid spillover effects.
NEW YORK – In the classic game of “chicken,” two drivers race directly toward each other, and the first to swerve is the “loser.” If neither swerves, both will probably die. In the past, such scenarios have been studied to assess the risks posed by great-power rivalries. In the case of the Cuban missile crisis, for example, Soviet and American leaders were confronted with the choice of losing face or risking a catastrophic collision. The question, always, is whether a compromise can be found that spares both parties their lives and their credibility....
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Sodiam is the state-owned Angolan National Diamond Trading Company, which controls the purchase, sale and import and export of diamonds in Angola.The participation of the Angolan delegation underscores the country's diamond production potential. Angola has diamond reserves estimated at 180 million carats. According to Kimberley Process figures, in 2018, Angola's total rough production was 8.4 millioncarats with a value of $1.2 billion.Angola plans to establish a diamond bourse in Luanda, a move the worldwide trading community would welcome. "We are happy to welcome this important delegation from Angola, a key player for future diamond mining potential and we welcome the important changes which have been taking place in the country," said Ernie Blom WFDB president. "Obviously WFDB stands ready to welcome a new diamond bourse and we are happy that this is being studied."- Category: News Archives
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Billionaire Hedge Fund Manager Paul Singer Hedges Against Upcoming Market Crash | Zero Hedge Skip to main content [1]References
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Good morning everyone and welcome to the New York Fed. It’s a pleasure to be speaking at the fifth annual U.S. Treasury Market Conference.
This conference is particularly valuable because it brings together market participants and five public sector bodies—the New York Fed, the Board of Governors, the Treasury, the SEC, and the CFTC—to discuss the U.S. Treasury market.
The Treasury market is arguably the most important market in the world, and today is a unique opportunity to discuss some of the big topics in front of us. Increasing transparency, preparing for future risks, and taking advantage of innovation in this market are vital areas of discussion.
This morning, I’ll begin with some observations on recent volatility in money markets and the Fed’s approach to support stability in this critical part of the financial system as we carry out the FOMC’s monetary policy decisions.
I’ll then pivot to a different but related topic: the transition away from LIBOR. I think I can get away with it because this conference’s five sponsoring agencies, which first came together following the “flash rally” in 2014, also all play a vital role in facilitating the industry’s move to more robust reference rates. Crucially, they are ex officio members of the Alternative Reference Rates Committee (ARRC), the private sector group convened to guide the transition away from LIBOR. And of course the Secured Overnight Financing Rate (SOFR), the ARRC’s selected replacement for U.S. dollar LIBOR, reflects transactions that finance U.S. Treasury securities.
Before I go any further, I need to give the standard Fed disclaimer that the views I express today are mine alone and do not necessarily reflect those of the Federal Open Market Committee or others in the Federal Reserve System.
Market...
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"Lab-grown diamonds are a major innovation that is breathing new life into the diamond industry, and I look forward to applying my expertise to the future of this field at this exciting time," Whitby said in a statement."Richard brings meaningful executive experience increasing the forward momentum of large international diamond businesses, and I'm confident his contributions will be key in helping us continue to grow and innovate in our category and the industry itself," said Amish Shah, founder and president of ALTR. ALTR is part of R.A. Riam.