Last updateWed, 18 Oct 2017 12am

Other News

Court blocks plan to extend overtime pay


LAS VEGAS (AP) — In a blow to the Obama administration's labor-law plans, a federal court has blocked the start of a rule that would have made an estimated 4 million more American workers eligible for overtime pay heading into the holiday season.

As a result of Tuesday's ruling, overtime changes set to take effect Dec. 1 are now unlikely be in play before vast power shifts to a Donald Trump administration, which has spoken out against Obama-backed government regulation and generally aligns with the business groups that stridently opposed the overtime rule.

Russian scientists extract gold from coal

coal gold

It may not be pure alchemy, but a team of Russian scientists from the Scientific Center of Amur has discovered how to extract one gram of gold from a ton of coal.

By analyzing the structure of coal from different deposits in the Amur River region for 15 years, the group realized that each ton of solid fuel from the Erkovetskiy basin contains about a gram of the precious metal.

The ratio of gold to coal was ascertained through actual extraction and filtration. So far though, the filtration process has only been experimentally tested, but it is slated for installation for commercial use in 2017, the press service of the Far Eastern Branch of Russian Academy of Sciences reported.

ASHI launches the Lovebright Sweepstakes

Ashi 1(NEW YORK) - Social Media has evolved into one of the most effective and widely used forms of marketing in recent times. Knowing this, ASHI® is pleased to announce the launch of The LOVEBRIGHT® Sweepstakes. To kick off the holiday season ASHI will be giving away a beautiful 1 carat halo diamond pendant, crafted in 14K white gold, with a retail value over $2,500, to one lucky consumer from one of their participating retailer partners.

There’s a new gold rush happening – in Minnesota?

COOK, Minn. — AngloGold Ashanti continues to move quickly in its efforts to find mineable gold in Koochiching County in far northeast Minnesota.

The Minnesota Department of Natural Resources reports this week that AngloGold has submitted a plan to do exploration drilling on state-owned mineral leases about 20 miles west of Cook.

IDEX reports natural blue diamonds demand drives price rises

colored diamonds coloredfoundation

(IDEX Online) – The Fancy Color Research Foundation (FCRF) reports that fancy color diamond prices continued to climb moderately during Q3 2016, at a rate similar to the previous quarter.

For over a year, transactional data testifies to two opposite pricing trends in fancy color diamonds: consistent demand-driven price increases for pink and more notably blue diamonds, partially offset by continued price declines in lower-cost, commercial yellow diamonds.