News Archives

: Category: News Archives; Created: 12 August 2022; Hits: 1107

Sky-rocketing inflation saw people rushing to cash in their Zimbabwean dollars for US dollars, to stop their savings losing value. This led to a shortage of US currency and drove up exchange rates, so the central bank reacted by halting loans. But it soon changed tack, and last month issued gold coins worth US$1,800 instead, to ease demand for US dollars.

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: Category: News Archives; Created: 12 August 2022; Hits: 1105

While optimism may have improved, buying conditions did not and as the chart below shows, buying conditions for most major purchases - house, car, large durables - remain mired at or near all time lows as inflation continues to crippled consumers' shopping mood:

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: Category: News Archives; Created: 12 August 2022; Hits: 1201

August 11, 22 by

(IDEX Online) - A necklace set with 35 green jadeite beads and 7.70-cts of white diamonds sold for $2.3m at Sotheby's Hong Kong.

It was the top seller in an Important Jewels auction that realized a total of $18.1m.

Jadeite, a more valuable form of jade, is among the priciest of gemstones, and can be more expensive than diamonds.

In 2014, a jadeite bead necklace that belonged to Woolworth heiress Barbara Hutton sold for $27.4 m at Sotheby's auction, setting a world-record for any jadeite item.

The necklace that sold recently at Sotheby's (pictured) was matinee-length (21 inches), made and signed by Jacob & Co, and set with slightly graduated jadeite beads of highly translucent green color, with a baguette and brilliant-cut diamond-set clasp, mounted in 18 karat white gold.

The beads have "some clouds and minor streaks, commonly seen in natural jadeite, not noticeable under normal lighting," according to a condition report by the Hong Kong Jade & Stone Laboratory.

It certified that the jadeite tested are natural, known in the trade as "A Jade". ...

Read more from our friends at IDEX

: Category: News Archives; Created: 11 August 2022; Hits: 1159

"The fiscal stimulus was five times as large as it had been during the financial crisis and at the same time massively accommodative monetary policies […] the consequence is that we now have a very substantial inflation rate," the Harvard economist added.

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: Category: News Archives; Created: 11 August 2022; Hits: 1206

Biggest investors in single-family houses: “We need to be patient and allow the market to reset.”

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Diamond News Archives

Zimbabwe Hails Gold Coin Success and Wants To Issue More

UMich Sentiment Jumps But Long-Term Inflation Expectations Unexpectedly Rise

Green Jadeite Bead Necklace Sells for $2.3m

Larry Summers, Neel Kashkari Question Soft Landing Viability

Housing Bubble Getting Ready to Pop: The Big Boys Leave, Waiting for Reset