RAPAPORT... Richemont's jewelry sales increased 9% in the third fiscal quarter,as strong growth in Asia Pacific offset weakness in Europe and the Middle East. Jewelry proceeds from Cartier and Van Cleef & Arpelsrose to EUR 1.99 billion ($2.28 billion) in the three months ending December31, Richemont reported Friday. Sales at its watchmaker brands, including Piagetand Vacheron Constantin,...Read More
(IDEX Online) - Lucara Diamond Corp. has recovered a 127-carat, top white gem diamond, from its 100% owned Karowe diamond mine located in Botswana. Since mining began at Karowe in 2012, a total of 129 diamonds in excess of 100 carats have been recovered, 33 in 2018 alone. That tally includes 12 diamonds larger than 300 carats in size, of which five were recovered in 2018. In addition, Luca...Read More
(IDEX Online) - ALROSA reported the sale of $323.7 million of rough in December and $4.41 billion for all of 2018. ALROSA's December sales of rough and polished diamonds increased by 38% YoY to $328.7, with polished diamond sales of $5 million. Meanwhile, its total diamond sales in 2018 grew 6% YoY to $4.51 billion, with polished sales of $95.3 million. "A 6% sales growth...Read More
(IDEX Online) - T.GOLD, the international show for machinery and the most innovative technologies for the gold, colored and precious stones and jewelry market, featuring exhibitors from Italy and overseas will hold a "Jewelry Technology Forum". The fair takes place at the same time as VicenzaOro from January 18 to 23. The JTF, now in its 15th edition, is the result of collaboration between...Read More
Discussed in this interview:05:40 How dire will the next financial crisis be?10:43 Expect two coming resets in the monetary system.12:45 Chinese ambitions for reserve currency.13:58 Gold standard15:23 Silver, a monetary metal again?19:23 $50 silver22:54 Holding gold & silver in a bear market26:10 Getting ready for the economic collapseBill Holter is currently a writer for Miles Franklin and Jim Si...Read More
Continue...Egon von Greyerz is founder and Managing Partner of Matterhorn Asset Management AG & GoldSwitzerland. Since the 1990s Egon von Greyerz has been actively involved with financial investment activities including mergers and acquisitions and asset allocation consultancy for private family funds. This led to the creation of Matterhorn Asset Management, an asset management company based on we...Read More
Chinese foreign direct investment into North America and Europe plummeted by 73 percent to a six-year low in 2018 Continue...Read More
RAPAPORT... Richemont's jewelry sales increased 9% in the third fiscal quarter,as strong growth in the Asia Pacific region offset weakness in Europe and the Middle East. Jewelry proceeds from Cartier and Van Cleef & Arpelsrose to EUR 1.99 billion ($2.28 billion) in the three months ending December31, Richemont reported Friday. Sales at its watchmaker brands, including Piagetand Vacheron C...Read More
Although the financial media conflates the two, there is a difference between a rally and a bull market.Continue...Read More
RAPAPORT... Sales of Forevermark jewelry rose 8% year on year in the US in 2018, accordingto the brand's owner, De Beers.That growth is nearly double the 4.4% increase for thejewelry industry as a whole, De Beers CEO Bruce Cleaver noted in a speech to stockistsin New York earlier this month. Forevermark also reported a successful marketing campaignfor its Tribute collection, which, it said, r...Read More
LONDON, 13 January 2019 - Data from BullionVault features today in a report on how savers should spread their risk across different investments from top-ranked UK personal finance site ThisIsMoney.Part of the Daily Mail group, and one of the UK's top 1,000 websites, the personal finance site says "Anyone building long-term wealth must diversify their assets, combining risky investments with cash."...Read More
LONDON, 13 January 2019 - Comment from BullionVault features today in a short note on tech giant Microsoft's MSN news pages about the new 2019 gold coins launched by the Royal Mint.Republishing an article from top-selling UK mid-market tabloid the Mail on Sunday, MSN says that the 2019 edition of the Sovereign gold coin - first minted with artist Benedetto Pistrucci's engraving of St.George defeat...Read More
TORONTO, Jan. 10, 2019 /PRNewswire/ - Superior Gold Inc. (Read full newsRead More
"Alamos Gold Reports Additional High-Grade Intercepts at Island Gold Including Best Surface Directional Intersection to Date within Western Extension https://t.co/dWxmqQFg9f"Read full newsRead More
Precious metals were up for the week as investors reacted to a halt in interest rate hikes for 2019 and concerns surroundingRead full newsRead More
"In its 2019 gold outlook, the World Gold Council shares three trends it believes will impact prices for the yellow metal this year. https://t.co/cVJcFnEmun @GOLDCOUNCIL #preciousmetals #gold #investing #INN"Read full newsRead More
Slumping macro data, tumbling earnings expectations, andRead full newsRead More
China needs growth ofRead full newsRead More
Is it time to prepare for the next financial crisis?Something strange is going on in the financial system.And according to The Wall Street Journal, it's causing some investors- including the biggest banks in the world- to move massive amounts of money out of the banking system.What exactly is going on?Former hedge fund manager, Dr. Steve Sjuggerud, one of the most widely-followed financial analys...Read More
Market historian Bob Hoye from chartsandmarkets.com characterizes the hit to markets so far as an item from the twilight zone. While he believes that the initial down leg is ending, there likely remains more trouble ahead.Listen to Bob Hoye's latest take on the marketsCentral banks have played a key role in getting us to this point, explains Hoye. They are very good at helping with easy money. As...Read More