02102016Wed
Last updateTue, 09 Feb 2016 8pm

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Teenager gets to keep $20,000 gold bar found in German lake

teen gold bar

Gold prices up 5% since start of year

Swimming in an Alpine lake on a warm August day has many allures, but for a German teenager it fortuitously became the best investment decision in her young life.

The teenage girl from Germany, who remains anonymous, last summer found a gold bar at the bottom of the lake and quickly surrendered the treasure to the police in Berchtesgaden, Germany.

The Sparkle Rundown

pie chartAmerica’s Diamond & Jewelry Ranking

WP Diamonds, a leading online buyer and partner for retailer buy-back of diamonds, jewelry and watches, has announced the launch of America’s Diamond and Jewelry Ranking. The company’s last 15,000 consumer inquiries and data have informed these findings, covering all 50 states.

America’s Diamond and Jewelry Ranking is the first report of its kind that directly analyzes ownership across the United States.

The Big One that didn’t get away

diana jarrett carat photoWhat a difference a day makes. Economic reports by the end of October 2015 lamented the demise of the diamond mining boom in Botswana. “The honeymoon is over in Botswana, where the diamond industry that led the world has fallen on hard times,” cried Bloomsberg reporter Mike Cohen in The Nerve Africa, a news platform covering Africa’s economic climate. In the case of Botswana, ‘diamonds aren’t forever’ was the gist of that gloomy report.

Could more acidic oceans mean less pearls?

Increasingly acidic sea conditions have been shown to weaken the shells of pearl oysters—but it appears these mollusks are pretty resilient creatures.

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AsianScientist (Jan. 29, 2016) - Pearls have adorned the necklines of women throughout history, but some evidence suggests that the gems’ future could be uncertain. Increasingly acidic seawater causes oyster shells to weaken, which doesn’t bode well for the pearls forming within.

However, as scientists report in the journal Environmental Science & Technology, the mollusks might be more resilient to changing conditions than previously thought.

Pearl aquaculture is a thriving business, particularly in Asia and Australia. In Western Australia alone, the total allowable annual catch of oysters per licensed pearl production company is 572,000 oysters, or approximately US$200 million dollars’ worth of pearls.

World's top 10 rookie gold mines

These high-grade mines will soon start competing with gold mining's industry leaders

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The gold market is not a traditional mineral commodity market where one is able, under certain assumptions and limitations, to analyze supply/demand relationships and to make reasonable forecasts regarding future prices and absorption rates for a selected metal. While fundamentals play a role gold is most often valued in terms of an investment instrument or other intangibles including its attraction as a “safe haven”, especially at times of global economic upheaval.

Primary gold producers, mining companies, add just a couple of percent of gold to the overall accumulated gold inventory annually, and thus can barely predict, not to say control or influence gold prices.

In the light of highly volatile gold market, established and soon-to-be miners have to have superb assets and, what is equally essential, excellent understanding of industry and “guts”, to make a final investment decision and to commission construction of new mines.

Rapaport reports polished diamond prices rise in January

Shortages Spur Increases in RAPI for 0.30-0.50ct. Diamonds

(NEW YORK) - Polished diamond prices rose in January as shortages continue to support the market. U.S. demand is steady after a reasonably good holiday season, while China’s wholesale market slowed as the focus shifted to retail for the Chinese New Year Spring Festival starting on February 8.



The RapNet Diamond Index (RAPI™) for 1-carat, GIA-graded diamonds rose 0.9 percent in January. RAPI for 0.30-carat diamonds advanced 4.7 percent and RAPI for 0.50-carat diamonds grew 4.5 percent. RAPI for 3-carat diamonds fell 0.5 percent.

RAPI for 1-carat diamonds fell 4.4 percent from a year ago as manufacturers sought to reduce excess inventory in 2015.

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