News Archives

: Category: News Archives; Created: 14 July 2021; Hits: 484

July 14, 21 by John Jeffay

(IDEX Online) - China's diamond trade is surging, as it bounces back from the pandemic and benefits from crackdowns on smugglers and money launderers.

The Shanghai Diamond Exchange (pictured) reports $3.82bn in total rough and polished transactions in the half-year to June, an increase of over 86 per cent on the same period in pre-Covid 2019.

Imports of polished goods came to $1.58bn, up by almost 50 per cent on the first half of 2019.

China, the biggest consumer market for diamonds after the USA, has reported zero Covid deaths since January and virtually no infections.

Its customs authorities have also seized $855m of smuggled diamonds in a nationwide crackdown, and the government has been taking decisive action against money laundering.

China has also seen its GDP rocket by a record 18 per cent in the first quarter of 2021 and the diamond industry is being buoyed by a weddings boom.

In addition, over 2.1 million new couples registered for marriage certificates in the first quarter, 37 per cent more than the same period in 2020. ...

Read more from our friends at IDEX

: Category: News Archives; Created: 14 July 2021; Hits: 423

New Consumer Price Index data is pushing up the estimated Social Security cost-of-living adjustment to 6.1% for 2022.

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: Category: News Archives; Created: 13 July 2021; Hits: 494

Market Cap to GDP is a long-term valuation indicator that has become popular in recent years, thanks to Warren Buffett. Back in 2001, he remarked in a Fortune Magazine interview that "it is probably the best single measure of where valuations stand at any given moment."

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: Category: News Archives; Created: 12 July 2021; Hits: 466

Gold notched its third straight week of higher prices as the yield on the 10-year Treasury dipped below 1.3% for the first time since February. The highly transmissible Delta variant was also ruled the most dominant strain of coronavirus in the U.S., threatening economic growth and raising uncertainty about the next interest rate hike.

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: Category: News Archives; Created: 12 July 2021; Hits: 684

Get Used to Higher Inflation. My Thoughts on the Biggest Mess I’ve Seen in Decades.

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Diamond News Archives

After Covid: China's Diamond Trade Surges

Inflation Could Prompt Largest Social Security Cost-of-Living Adjustment in Decades

Market Cap to GDP: June Buffett Valuation Indicator

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THE WOLF STREET REPORT: This “Temporary” Inflation Is Turning into an Inflation Spiral