Diamond News Archives

De Beers Group today announced the value of rough diamond sales (Global Sightholder Sales and Auction Sales) for the second sales cycle of 2019.  Sales of De Beers’ second “cycle “ stood at $490 , a drop of 13 percent compared to the sales figure of De Beers’ second sight in 2018, which generated $563 million.

“Demand for rough diamonds remained consistent during the second sales cycle of 2019. While overall demand for lower value rough diamonds remains subdued, we did see an increase in demand from India as factories begin to restock.” Bruce Cleaver, CEO of De Beers Group said.
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In a Nutshell: Every good investor knows that diversity is key to a successful portfolio. That’s why precious metals expert Jeff Clark recommends investing in commodities like gold and silver as a solid hedge. The Senior Precious Metals Analyst for online dealer GoldSilver.com^[1] explained how the historical cycle that returns to precious metals as a basis for currency proves the value of holding gold and silver as an asset. Clark also explained the importance of keeping gold and silver in an allocated storage facility for maximum security and quick liquidity.

In today’s digitally connected world of online brokers, real-time exchanges, and financial apps, it is easier than ever to buy, sell, and trade stocks, bonds, and commodities. Investors can even purchase cryptocurrencies with the click of a button.

Many people work hard to maintain a mix of low, moderate, and high-risk investments to they grow their wealth with a diversified portfolio, as well they should. But precious metals expert Jeff Clark said that, in all their investing fervor, folks can easily overlook one of the most stable (and oldest) investments of all — commodities such as gold and silver.

Clark is the Senior Precious Metals Analyst for GoldSilver.com^[2], an online precious metals dealer that facilitates gold and silver bullion purchases and storage for investors.

“The most important thing to understand about gold is that it’s a great hedge,” Clark said. “And studies show that portfolios with gold in them perform better over the long run than portfolios consisting of only stocks and bonds.”

Clark explained that gold is often inversely correlated to...

Investors flocked to Canada’s Star Diamond Corporation (TSX:DIAM) on Monday after the company said its Saskatchewan-based project had an “unusually high” large quantity of high-value and large rough stones.

A recent study has confirmed that about 27% of the diamonds at the company’s Orion South and Star exploration sites are type IIa, a category that represents less than 2% of all rough stones mined from kimberlites.

The proportion of that category at its Orion South kimberlite stands at 13%, the Saskatoon, Saskatchewan-based company said.

Star Diamond identified a 49.09-carat diamond from Star, and a 32.35-carat one from Orion South. It also recovered two diamonds that were smaller, but more valuable: An 11.96-carat stone from Star worth $11,333 per carat, and a 15.88-carat diamond from Orion South that it valued at $2,800 per carat.

“The presence of two high-value diamond groups (octahedra and type IIa) greatly strengthens the future potential-production diamond pricing from the Star and Orion South kimberlites,” the company’s senior vice president of exploration and development, George Read, said.

Shares in the company jumped almost 15% on the news, closing at 24 Canadian cents.

Type IIa diamonds are the most valued and the purest kind of diamonds. They contain either very little or no nitrogen atoms in the crystal structure. White stones are exceptionally colourless and fancy coloured ones are often found with a brown, purple, blue, or pink tone.

The post Star Diamond shares soar as study reveals ‘unusually high’ amount of high-value stones appeared first on MINING.com....

The Fed is the mortal enemy of the young generations, and thus of the nation itself.

Take a look at the chart of household net worth below. Household worth has soared from around $40 trillion in 2000 to $100 trillion in 2018--a gain of $60 trillion while the economy grew at a much more modest pace. Household net worth has leaped from $55 trillion in 2010 to $100 trillion in 2018--$45 trillion in gains for those who already owned stocks and houses.

As Chris observed,"non-discretionary items like homes, rent, education, healthcare, insurance, childcare, etc. are skyrocketing versus wages." This is visible in the second chart of wage growth, which has hobbled along at 2% or 3% while stocks and housing have doubled or...