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Diamond News Archives

US Pending Home Sales Unexpectedly Plunged In April "Due To Lack Of Affordable Homes"

Category: News Archives
Created: 27 May 2021
Hits: 399
Diamond Buyers Club
So, Mr. Powell, keep pumping (and face even bigger crises), or pull the rip cord now and deal with the carnage?
...

Read more from our friends at Gold & Silver

Ex-Pandora Worker Exposes Two-Timing Customer

Category: News Archives
Created: 27 May 2021
Hits: 416
May 27, 21 by
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(IDEX Online) - A former Pandora worker says she's exposed a cheating customer who bought one ring for his girlfriend ... and another for his "sidepiece".

The video, posted on TikTok, has attracted 2.6m views in 10 days.

Eli from Montreal, Canada, says the customer came clean and explained who the rings were for when she asked if he wanted one receipt or two for the $45 and $50 silver and cubic zirconia pieces.

"If your boyfriend's name is Jake and he lives in MTL, he just bought two rings for his "girl and his sidepiece," she says in the video clip.  "You deserve better".

Eli, who who goes as @ferreiroroche on the video-sharing app, also posted a caption that reads: "Gotta support my girls".

At least one woman commenting on the video claims she knows Jake's identity.

Pics courtesy @ferreiroroche...

Read more from our friends at IDEX

1970’s Inflation: The Narrative vs. The Lie (Pt.2)

Category: News Archives
Created: 26 May 2021
Hits: 464
Diamond Buyers Club
Part 1 of this article raised issues with the “Great Inflation” narrative as recalled by several experts. Various problems exist with trying to understand just how bad the price increases were 50 years ago, whether statistical or anecdotal evidence are used. Despite several issues, the point of contention is the idea of the Fed being responsible for resolving (price)...
...

Read more from our friends at Gold & Silver

Merlin Purchase to put Australia Back on Diamond Map

Category: News Archives
Created: 26 May 2021
Hits: 414
May 26, 21 by John Jeffay
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(IDEX Online) - Australia is set to become a diamond-mining nation again, with the planned resurrection of the Merlin mine, in a remote part of Northern Territory.

Lucapa, which also has interests in Angola and Lesotho, agreed to buy the deposit for $6.6m and hopes to have it operational within two years.

Merlin produced Australia's largest ever rough diamond  -  104-carat type IIa - while it was run by Rio Tinto and Ashton Diamonds between 1999 and 2003. It has since been closed.

 

The iconic Argyle mine, producer of 90 per cent of the world's pink diamonds, and the last operational mine in the country, was closed last November by Rio Tinto to after 37 years.

"For Australia to go from in the top five or six diamond producers in the world when Argyle was in production, to producing no diamonds is not a good statistic," Lucapa managing director Stephen Wetherall told the Australian Broadcasting Corporation (ABC).

"So hopefully within the next couple of years we are going to turn that around and put Australian diamonds back on the map."

Pic shows processing plant at the Merlin mine...

Read more from our friends at IDEX

Jerome Powell’s Fate Is Critical to Biden Presidency

Category: News Archives
Created: 26 May 2021
Hits: 465
Diamond Buyers Club
Much is riding on whether the president decides in coming months to reappoint or replace Jerome Powell, whose four-year term expires in February.
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Read more from our friends at Gold & Silver

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  2. A Silver Short Subject: Ted Butler
  3. "RRP Explosion": Fed Reverse Repo Soars To Third Highest With "Incredible Amount Of Cash"
  4. Wanted Diamantaire Mehul Choksi Disappears on Caribbean Island

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