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Diamond News Archives

Picasso's Personalized Watch to be Sold

Category: News Archives
Created: 16 May 2021
Hits: 485
May 16, 21 by John Jeffay
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(IDEX Online) - A personalized wristwatch made for the artist Pablo Picasso is to be auctioned.

The letters of his name are spelled out by the hour markers of the otherwise unremarkable Swiss stainless steel timepiece, made by the little-known Michael Z. Berger Co in 1960.

As Bonhams Paris point out in their auction notes, Picasso had the good fortune to have a name of exactly 12 letters. 

"It is serendipitous that Pablo Picasso is 12 letters long and it was something he was surely aware of and was waiting to create when he had the chance," they say.

 

Spanish-born Picasso, who died in 1973, was best known for for such masterpieces as Guernica, La Vie and Girl Before a Mirror.

He was photographed many times wearing the watch (pictured), most famously in an iconic set of 1960s images by Cecil Beaton.

Picasso, also known to have owned a Jaeger-LeCoutre and Rolex GMT-Master, gave the watch to his friend Lela Kanellopoulou, a Greek sculptor.  It is being sold by a member of her family.

"In the world of horology, a small collection of relatively humble timepieces owned by the father of Modern Art are considered the Holy Grail of watches," say Bohnams Paris.

"This is of great interest not only to watch connoisseurs but also to collectors of Picasso, and we very much look forward to seeing how it is received in the saleroom.

"Just occasionally I have had a chance to hold history and intrigue in my hands in the form of a watch, and this has to have been one of the most befitting to make a lasting impression—the likes of which...

Read more from our friends at IDEX

Commodities Boom Only In 'Early Innings'

Category: News Archives
Created: 14 May 2021
Hits: 435
Diamond Buyers Club
Back in December, Saxo Bank's Steen Jakobsen predicted a massive boom in commodity prices was dead ahead. Not many others shared that view back then. But, boy, was he ever right. Commodity prices have exploded in the five months since that interview was recorded.
...

Read more from our friends at Gold & Silver

If Inflation Occurs, Currency Devaluation Becomes Virtually Impossible To Stop

Category: News Archives
Created: 14 May 2021
Hits: 557
Diamond Buyers Club
Knowing about inflationary dangers, however, will not suffice. The threat of a loss of purchasing power through monetization of government debt requires concrete action. For this reason, several months ago, I initiated a cross-party discussion group to examine monetary policy and its risks and explore the scope that exists for a return to normalcy.
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Read more from our friends at Gold & Silver

GLD and IAU Assets Still Lagging Which is Actually Bullish on Gold Rise

Category: News Archives
Created: 14 May 2021
Hits: 433
Diamond Buyers Club
Gold prices are back up to above $1800/oz, after bottoming below $1700. But the total combined assets invested into GLD and IAU has barely budged from the recent lows. That is actually a bullish development for gold prices, because it means that “the crowd” has not yet gotten in on the rebound in gold prices. They are not yet believing in it.
...

Read more from our friends at Gold & Silver

Silver Is up over 70% In a Year. Here’s Why Experts Say It Could Have Further to Go

Category: News Archives
Created: 13 May 2021
Hits: 536
Diamond Buyers Club
It's often overlooked in favor of its lustrous cousin gold, but the price of silver has jumped over the last year.
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Read more from our friends at Gold & Silver

  1. Fear of Inflation Can Make It Happen: Bloomberg
  2. $33m Loan helps Mountain Province through Covid Liquidity Issues
  3. Monetary Control: Central Banks Today
  4. A Golden Future: Visualizing The Economic Case For The Barbarous Relic

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