Diamond News Archives
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After April's ugliness, today's Existing Home Sales data for May is the first chance to see signs of recovery in the housing market as state reopenings accelerate. Analysts, however, were not buying it, expecting a 2.1% MoM drop in the key data point, but the data did better than expected, dropping 'only' 0.9% MoM. That is the 4th straight month of existing home sales declines...
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(IDEX Online) - A buyer paid $2.7m, the highest price ever for a diamond auctioned online.
The 50.03-ct G-color, VVS2-clarity round gem, with excellent cut, polish and symmetry, was sold by Sotheby's New York without reserve. The estimate was $2.5m to $5m.
Eleven individual bidders from seven countries battled it out for what the auction house says was only the fifth round +50-ct diamond to be offered in the past 15 years.
Quig Bruning, head of Sotheby's jewelry department in New York said the sale "sends a powerful and positive message that online sales represent a key part of our worldwide strategy and the white diamond market is robust."
Two views of the diamond, courtesy Sotheby's...
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Investing in silver bullion is a way to protect your portfolio against inflation and downswings in the market because it historically retains its value. Even during financial crises or tumultuous times, silver has always had value as real money, which is why investors use silver as a hedge against risk.
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A survey now finds “central bank policy error” is the third biggest risk to the market, behind only higher-than-expected inflation and bond yields, and new variants to the coronavirus that bypass COVID-19 vaccines. The Deutsche Bank survey of more than 400 participants found the percent flagging central bank mistakes as a risk...
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- Category: News Archives
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On Monday, Democratic Senators Elizabeth Warren, Tina Smith and Edward J. Markey sent letters to the CEOs of all federal student loan servicers.
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