Diamond News Archives
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Mountain Province Diamonds Inc. ("Mountain Province", the "Company") (TSX and NASDAQ: MPVD) today announces that it has entered into an understanding with Dominion Diamond Mines ULC ("Dominion"), which allows Mountain Province's customers to certify their qualifying polished diamonds under the Canadamark
certification program.
The Canadamark program is a strategic initiative of Dominion. Through its participation, Mountain Province joins Dominion in its efforts to assure the supply chain integrity of Canadian diamonds from mine to retail.
The Canadamark program verifies that diamonds are natural and untreated, and mined in Canada under a regulatory regime which protects the sustainability of the natural environment and northern people. Canadamark certified diamonds are tracked through independent, audited processes from mine of origin to polished stone, and polished to meet specific quality standards.
Said Reid Mackie, Mountain Province's Vice President Diamond Marketing, "We are excited that customers buying our share of the Gahcho Kué production can now apply for Canadamark certification. Once they are certified, our customers can confidently demonstrate the Canadian provenance of their goods and use this to enhance and support their individual branding programs. The unique characteristics of the Gahcho Kué production will help broaden the range of certified-Canadian goods available to consumers and consolidate market share of Canadian product under a consistent Canadian provenance standard."
Dominion's CEO Patrick Evans commented, "We are proud to partner with other diamond producers such as Mountain Province to promote the natural beauty of Canadian diamonds through the Canadamark program. Canadian diamonds are highly sought after by discerning buyers around the world who place special value on a product that has been responsibly mined, cut and polished."
Mountain Province Diamonds is a 49% participant with De Beers Canada in the Gahcho Kué diamond mine located in Canada's Northwest...
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The best reasons to own gold haven’t changed. Ever. When you ask yourself what might be a better place to put your money, remember that over the longest period of time we can measure, gold has stood as a store of value when everything else has failed.
When you thinking accumulating true wealth, established and generational stability for you and your family, gold has a track record no other asset can match.
There are many disparate and loud voices clamoring for your attention telling you what might happen tomorrow, next week, next month, next year. Almost all of them will be wrong. Concentrate on what actually has already happened, what you can verify: Gold, through centuries of human trials, tribulations, and error, has been a foolproof investment.
1. The U.S. and other western governments have a history of inflating and deflating their currencies.
2. Since the Federal Reserve system began in 1914, the U.S. dollar has lost 96% of its purchasing power against gold
3. Gold is the longest standing currency in history, but remains largely under-owned in the U.S. Currently, gold ETFs comprise only 2% of all ETF assets in the United States.
4. Until recently, gold has suffered a five-and-a-half-year bear market creating one of the few “cheap” asset classes
5. Gold has been the best-performing major asset class since the turn of the century.
6. Gold is uncorrelated to stock or bond markets.
7. Gold has no counterparty risk.
8. Gold is a hedge against inflation and deflation in the economy.
9. Gold is a crisis hedge or haven asset in times of financial market stress or dislocation.
ORIGINAL SOURCE: Why Gold Should Be in Every Portfolio[1]...
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Italy's Sovereign Risk Curve Inverts For First Time Since 2011 EU Crisis | Zero Hedge Skip to main content [1]References
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A general rule of thumb is that whenever sovereign yields spike by over 10 basis points, it is a big deal.
So Italy and Greece 10-year sovereign yields spiking over 40 basis points this morning is a big deal! The third PIG (Portugal) is up 11.3 BPS.
For the 2-year sovereign debt, Italy is up over 153 BPS.
The PIGS sovereign yield curves are showing stress.
The cause of Italy’s woes? The rise of populist political parties such as the Five Star Movement.
PIGS refers to fiscally-troubled European nations Portugal, Italy, Greece and Spain with high debt-to-GDP ratios. Italy is second behind Greece and Portugal is third.
Stay tuned.