04282017Fri
Last updateTue, 25 Apr 2017 11pm

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Analyst sees signs gold could soar to $1500

gold futures

Gold is poised to rally to levels last seen four years ago as rising inflation and negative real interest rates combine to boost demand, according to Incrementum AG, which says that the precious metal may be in the early stages of a bull market.

Prices may climb to $1,400 to $1,500 an ounce this year, said Ronald-Peter Stoeferle, managing partner at the Liechtenstein-based company, which oversees 100 million Swiss francs ($101.5 million). Spot bullion -- which was at $1,249 on Wednesday -- last traded at $1,400 in September 2013.


“Pink Star” diamond fetches highest price ever for auctioned jewel

pink diamond

A giant pink diamond has become the most expensive jewel ever sold at auction, fetching $71.2 million at Sotheby's in Hong Kong on Tuesday.

Clocking in at 59.60 carats, the Pink Star was the largest polished diamond ever to go on the auction block. Sotheby's said it was sold to a client who phoned in a bid.

The final price was 553 million Hong Kong dollars, including the buyer's premium, or auction house charge.

This isn't the first time the Pink Star has gone up for sale.

FL jeweler thwarts suspected theft attempt by locking woman in vault

fl pn boca bungled jewelry heist

Jeweler Vladislav “Bobby” Yampolsky sensed something was wrong about the woman trying to buy more than $6 million in diamonds from his store in Boca Raton.

She claimed to represent a potential diamond buyer, but didn’t carry any tools of the trade to inspect the jewels.

Then she tried to distract Yampolsky several times while the diamonds sat on a table, police said.

Relocation allows for a rare look inside De Beers’s London HQ

debeers stash

The potential sale of De Beers's London HQ offers a rare glimpse inside the mining giant, from subterranean vaults to a rooftop helipad.

Number 17 Charterhouse Street, a fortress in the heart of London, has been De Beers’s headquarters since 1979, but the street has been its home since the 1930s. At its peak 90 percent of the world’s diamonds passed through this structure. That’s now coming to an end. De Beers’s owner, Anglo American Plc, is leaving the building and moving staff across the capital as part of a wider cost-cutting plan.

An emerald with a history goes to auction

emerald auctionIn the auction world, there are few things more fascinating than the journey of a gem through the hands of the rich and famous. The Stotesbury Emerald, which will be included in the Sotheby’s Magnificent Jewels sale in New York on April 25, is one such stone.

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