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Saturday
Oct042014

Gold Sinks Below $1,200, Platinum Hits 5-Year Low

By Rob Bates, News Director

Posted on October 3, 2014

Oct. 3 was a tough day for metal prices: Gold sank below $1,200, and platinum plummeted to a five-year low. 

Gold’s drop below the $1,200 barrier is the latest dip in a roller-coaster year for the yellow metal: It started the year over $1,200 and seemed to be approaching the $1,400 mark in March. But at press time, its spot price was $1,192 an ounce, meaning it is now down for the year.

Gold futures last fell under that benchmark in December.

Analysts attributed the sell-off in part to a spate of upbeat economic news, including reports that the unemployment rate fell 6 percent.

Platinum was trading at $1,222 an ounce at press time, its lowest level since 2009, and a $40 drop from today’s opening price. Analysts said the drop was in part caused by slowing demand in Europe.

Tuesday
Aug122014

Superannuation & climate change is a ticking time bomb that puts almost every Australian at risk

http://www.couriermail.com.au/business/companies/superannuation-and-climate-change-is-a-ticking-time-bomb-that-puts-almost-every-australian-at-risk/story-fnkjk9kn-1227021454513

 



Tuesday
Jul092013

Argyle pink diamonds get heart of stones beating

Rare pink, red and blue Argyle diamonds. 

IF diamonds are a girl's best friend, to use the well-known refrain, then a pink diamond is a soulmate - an exceedingly rare find. It was certainly the rarest of finds for global mining giant Rio Tinto in 1979 in Smoke Creek in Western Australia's Kimberley, a region of rugged yet breathtaking terrain.

Exploration crews were working their way along that creek on October 2, 1979, when one of the geologists saw a small diamond embedded in an anthill. Thus began the start of the Argyle diamond mine and a multi-billion-dollar industry.

Diamond enthusiasts marvel at the sparkle and attraction of a white gem, but the precious pink stones are truly unique and they comprise less than one-tenth of 1 per cent of Argyle's annual diamond production.

Click to read more ...

Tuesday
Jun182013

"Grading the Graders", well worth the read.... - a report by the Rapnet Team.

RAPAPORT... No two diamonds are alike and it seems neither are their grading certificates. A survey by RapNet – the Rapaport Diamond Trading Network, found significant differences between laboratories grading the same diamond. 

While there is a common language used in the grading of diamonds, there are clear inconsistencies in the use of that language, concluded Saville Stern, chief operating officer of RapNet. Stern oversaw the study and presented its findings at the fourth annual Rapaport Diamond Certification Conference in Las Vegas on June 2.  

Click to read more ...

Tuesday
Jun182013

Take a look at the slight variances in colour of a white diamond through the GIA

Play with GIA's interactive diamond color tool to see the differences in color grades here:http://bit.ly/1713rap

 This is a great tool demonstrating the slight difference in colour with white diamonds. As you can appreciate, a cost benefit needs to be determined when deciding what colour you are looking for. Given Australia is sooooo close to the equater, our natural light is always fantastic, so you dont need to be higher than F or G in colour - you will save approximately 20% just by purchasing in the G colour range.