Egg-sized diamond sells for record $35.3M

LONDON, Feb. 26 (UPI) — A Hong Kong-based company has agreed to pay a record $35.3 million for a rough diamond the size of a chicken egg, Petra Diamonds said Friday.

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  1. LONDON — Britain’s biggest coal-burning power station has gone to war against the government over its lack of support for the use of biomass. The move by the 4,000-megawatt power complex — the size of four large nuclear power plants — could undermine

  2. India’s central bank, which has increased its gold holdings to diversify its reserves, looks set to be a buyer again when the International Monetary Fund begins selling 191.3 tons of the precious metal amid volatility in major currencies. The uncertain

  3. * Benchmark zinc treatment charges seen above $200/T * Spare smelter capacity, ample inventories to cap TCs * Global zinc market in surplus of 445,000 tonnes in 2009 NEW YORK, Feb 26 – Zinc treatment charges will almost certainly rise this year on the

  4. WHAT DOES THE DOLLAR’S DROP MEAN FOR COMMODITIES: Commodities often get a boost from a weaker dollar because they are priced in dollars. A cheaper dollar makes commodities more enticing for foreign investors. WHAT ELSE AFFECTED TRADING: Volume was light,

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  6. Ranchi, Feb. 26: A budget proposal to set up a Coal Regulatory Authority (CRA) is likely to put a leash on the functioning of Coal India Limited (CIL) and its subsidiary companies. The Centre proposes to set up the CRA to ‘create a level-playing field in

  7. LONDON – A 507-carat diamond as big as a chicken’s egg has sold for US$35.3 million, breaking the record for the highest price ever paid for a rough diamond, the supplier said Friday. The stone, which weighs just over 100 grams, is thought to be among

  8. A national discourse to map out new strategies and to review previous interventions to develop the country’s cocoa sector has began with a call on participants to make strategic inputs into the sector’s development. The review of the Cocoa Sector

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  10. MAPLE GROVE, Minn., Feb. 26 /PRNewswire-FirstCall/ — Affinity Gold Corp. (OTC Bulletin Board: AFYG) (“Affinity” or the “Company”) releases message from newly appointed CEO, Paul Antoniazzi, detailing plans for moving the Company forward to become a

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  14. Dynamic surging, followed immediately by prepacking, enables more effective gravel packing for sand control and, in an example from Malaysia, improved well performance. By Rajeswary Suppiah and Norhisham Safiin, Petronas; and Carigali, Samyak Jain,

  15. CHICAGO, Feb 26 /PRNewswire/ — Seven Summits Research issues PriceWatch Alerts for FCX, PNC, NKE, CRM, and TEL. Seven Summits Strategic Investments’ PriceWatch Alerts are available at http://www.iotogo.com/s/022610B (Note: You may have to copy this link

  16. Gold’s Far East high yesterday was around $1,101 spot shortly before Hong Kong opened.  Then a dollar ‘rally’ materialized that dropped the gold price down to the $1,090 level… and it kept bouncing off that low right up until precisely 9:30 a.m. in New York trading… where the low of the day [$1,087.70 spot] [...]

  17. Source: Interviewed by Karen Roche, Publisher, The Gold Report 2/26/10
    http://www.theaureport.com/pub/na/5717
    However the evolving global currency crisis ultimately manifests itself, either total deflation and a debt-liquidating depression or a hyperinflationary blow-off, David Morgan of The Morgan Report says “There’s none better than gold—and silver is probably just as good—if you’re worried about a crisis hedge.” In the [...]

  18. 5:40p ET Friday, February 26, 2010 Dear Friend of GATA and Gold: J.S. Kim, proprietor of the SmartKnowledgeU investment system and The Underground Investor Internet site, today speculates about the likely significance of further gold purchases by China,