RAPAPORT... Lucara Diamond Corp.'s revenue and profit soared in the first quarter of 2022 amid the sale of higher-value goods and increased income from its supply deal with Belgian manufacturer HB Antwerp.Revenue climbed 28% to $68.2 million for the period ending March 31, the miner reported last week. Net profit surged to $19 million, compared with $3.4 million a year earlier."Lucara begins the y...Read More
RAPAPORT... De Beers has expanded its Tracr blockchain platform to track all of its diamonds through to retail.The program will "underpin confidence in natural diamonds" and is a first step in enhancing standards in the industry, De Beers CEO Bruce Cleaver said Thursday.By deploying the platform "at scale," De Beers will be able to provide provenance information from the mine to the sigh...Read More
(IDEX Online) - Diamond sanctions are beginning to bite in India, as US buyers demand guarantees that polished stones were not mined in Russia, according to news reports.The US outlawed rough, gem-quality diamonds shortly after the invasion of Ukraine in February, but the ban does not cover stones that are "substantially transformed" - namely cut and polished - elsewhere.However, manufacturers in...Read More
RAPAPORT... Hong Kong's hard-luxury sales plunged further in March as the government tightened its restrictions in response to a Covid-19 resurgence.Revenue from jewelry, watches, clocks and valuable gifts fell 37% year on year to HKD 1.89 billion ($240.3 million) for the month, the municipality's Census and Statistics Department reported last week. The decline is sharper than February's 34% decre...Read More
RAPAPORT... US jewelry sales rose in April amid consumer excitement to return to in-store shopping, according to Mastercard SpendingPulse.Revenue for the category climbed 33% year on year during the month, Mastercard reported last week. That figure is up from March's 12% year-on-year increase. The segment also benefited from consumers refreshing their wardrobe for summer travel. Jewelry purchases...Read More
(IDEX Online) - Jewelry salespeople in the US are being urged to take extra care, after one was stabbed and two others were targeted by criminals within a week.The Jewelers' Security Alliance (JSA) says it's important to check nobody's following your vehicle, and to take "evasive driving techniques" if necessary.A traveling salesperson was stabbed twice after four males smashe...Read More
0(IDEX Online) - India's economy could take 12 year to recover from COVID-19 losses, says the Reserve Bank of India (RBI).The country sustained losses of $24.8bn during 2020-21, as a direct result of the pandemic, it said. The figure for 2021-22 is estimated at $22.22bn and for 2022-23 it is $21.3bn.India's gold and diamond trade contributed 7.5 per cent of the country's GDP last ye...Read More
Libs of Tik Tok, Released on 5/8/22Source: https://hbg100.com/2022/04/29/parent-found-urinal-in-the-womans-roomA Pennsylvania middle school reportedly installed urinals in the women's bathroom. pic.twitter.com/QPQY5uNyXU- Libs of TikTok (@libsoftiktok) May 8, 2022Pennsylvania middle school reportedly installed urinals in the women's bathroom added by Herman James on 05/08/2022View all posts by Her...Read More
The U.S. Sun, Released on 5/8/22Musk took to Twitter and said, "If I die under mysterious circumstances, it's been nice knowin ya."The tweet came just minutes after Musk tweeted about apparently receiving a chilling message in the Russian media.Continue... Elon Musk fans concerned after billionaire writes chilling post on Twitter about dying 'under mysterious circumstances added by Herman James on...Read More
Fox News, Released on 5/8/22Sen. Lindsey Graham, R-S.C., joined 'Fox News Sunday' to discuss the latest on Putin's assault against Ukraine and the impact of the Supreme Court leak on the 2022 midterm elections. WAR, WAR, WAR! Lindsey Graham calls for regime change in Russia, declares 'let's take out Putin' added by Herman James on 05/09/2022View all posts by Herman James ?+'Read More
James Dines, financial analyst, author, and editor of The Dines Letter, died in April at the age of 90.Colleagues paid tribute to the legendary goldbug and financial analyst James Dines who edited The Dines Letter for more than six decades. Brien Lundin, editor of Gold Newsletter, noted on April 20th, "We just learned that Jim Dines, a long-time friend of mine and of all investors, passed away las...Read More
The study is expected to reflect improved project economics, afforded by updated resources and synergies between the incorporated deposits, noted a Singular Research report.Seabridge Gold Inc.'s (SEA:TSX; SA:NYSE.MKT) recently updated mineral resource estimates for its Mitchell and East Mitchell (previously Snowfield) deposits are expected to improve the project economics of KSM and, thus, increas...Read More
As turmoil in financial markets unnerves investors, a larger economic crisis may be starting to unfold. The Federal Reserve’s first steps toward tightening monetary policy are exposing vulnerabilities in the highly leveraged economy. The Fed spent years injecting the economy with artificial stimulus. Now it is trying to take that stimulus away without causing a crash.On Wednesday, the Fed ra...Read More
Awaken with JP, Released on 5/7/22Here are the leftist teachers that are going after your children!Check Out My Merch Here - https://awakenwithjp.comTake a stand against censorship. Join my Awakened Warriors Email List - https://awakenwithjp.com/joinmeLeftist Teachers Going After Your Children! added by Herman James on 05/06/2022View all posts by Herman James ?+'Read More
Talk Digital Network, Released on 5/7/22Wolf Richter is the founder of Wolf Street Corp and the publisher of WolfStreet.com. Wolf has over twenty years of C-level operations experience, including turnarounds and a VC-funded startup. He has a BA, MA, and MBA (UT at Austin). In his prior life, he worked in Texas and Oklahoma, including a decade as General Manager and COO of a large Ford dealership a...Read More
Liberty and Finance, Released on 5/7/22"You have an economy that's in a lot of trouble," says seasoned trader Todd "Bubba" Horwitz, "and you have inflation that's out of control." Trading volume is low as stock prices are remaining relatively high. But as volume increases and the retail trader gets concerned, Bubba expects markets to sell-off. He says investors must be in assets that are going to...Read More
Wall St. For Main St., Released on 5/7/22Congrats to Aaron for doing this show "This Week In Charts" for over a year now! ***Come Join Me on carnivoretrades.com for premium trades & commentary***Follow Aaron Basile: Twitter: https://twitter.com/aaronbasileYouTube: https://www.youtube.com/user/aaronbasile/videosWebsite: https://www.carnivoretrades.com/Commit to tipping us monthly for our hard work...Read More
The Expose, Released on 5/7/22Google has the power to manipulate what you see online, targeting you with certain advertisements and burying search results they'd rather you not see. But can they go so farContinue... Google: The Dictator with Unprecedented Powers to Manipulate added by Herman James on 05/08/2022View all posts by Herman James ?+'Read More
Howe Street, Released on 5/7/22Bob Hoye is a trained geologist, successful resource investor and economic historian. Bob is the chief investment strategist for chartsandmarkets.com.Bob Hoye: Stock Markets, Interest Rates, Inflation, Recession vs. Depression added by Herman James on 05/08/2022View all posts by Herman James ?+'Read More
Otavio (Tavi) Costa - Twitter, Released on 5/7/22Despite the bloodbath in overall equities, energy stocks continue to move higher.The disconnect from other sectors has never been more pronounced. "The Great Rotation" is now in progress. pic.twitter.com/MR62h4shNo- Otavio (Tavi) Costa (@TaviCosta) May 8, 2022 Tavi Costa is a partner and portfolio manager at Crescat Capital and has been with the fir...Read More