Gold & Diamond Jewellery Market Size, Share, Growth Trends, Revenue, Top Companies, Regional Outlook, and Forecast, 2020-2027 LionLowdown
Month: December 2020
Jasmine Tookes and Juan David Borrero (via PopSugar) We love engagement rings around here and we have been gawking at model Jasmine Tookes’s massive engagement ring she received from her fiancé Juan David Borrero in September. We are positively giddy about her ring because it is just oh so beautiful. It was an eight-month […]
The post Get the Look: Jasmine Tookes Engagement Ring appeared first on PriceScope.
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Tiffany Legacy® Engagement Ring
Throwback Thursday is our chance to celebrate shared posts from PriceScope’s past. PS Member, Piggies shared her Tiffany Legacy® Engagement Ring in the Show Me the Bling! forum back in 2010. This stunner deserved another look, and I really think you will enjoy this eye candy as well. Piggies knew that Tiffany & […]
The post Tiffany Legacy® Engagement Ring appeared first on PriceScope.
If you’re lucky enough to celebrate a December birthday, there are three birthstones available. Tanzanite, Turquoise and Zircon all represent December.
Each year, we create many amazing jewellery designs to feature December’s Birthstones, set with either Tanzanite, Turquoise or Blue Zircon. Within this guide, we reveal the true meaning and beauty of December’s birthstones.
Tanzanite
What is Tanzanite? Rather interestingly, this incredible gemstone derives from the mineral Zoisite. Tanzanite exists in a variety of shades ranging from blue to violet. To explain, the colouration occurs due to the presence of Vanadium within the mineral. As the name suggests, Tanzanite originates from Tanzania—a gemstone prized for its amazing colour and rarity. The crystalline trichroism causes the blue to violet colouration to vary in different situations. When mined, most Tanzanite has a brown tinge, removed by heat treatment to enhance the prevailing blue-violet colour of the gemstone.
Example of a round Tanzanite showing the distinctive blue-violet colouration associated with this type of gemstone.
Tanzanite was added to December’s birthstones as recently as 2002. Interestingly, the name ‘Zoisite’ was avoided. This was based on its similarity to the word ‘suicide.’ For this reason, the name Tanzanite was used as a more appropriate name for this incredible gemstone.
Eleanor halo ring design, set with an incredible blue Tanzanite surrounded by diamonds.
When it comes to jewellery designs, we recommend Tanzanite for both earrings and pendants. Take care of your Tanzanite engagement ring. For this reason, Tanzanite is more easily damaged when knocked.
Turquoise
Turquoise is an opaque gemstone in contrast with both Tanzanite and Zircon. It originates from many sources worldwide including Iran, Sinai, the United States and even China. The name derives from the 17th Century word meaning Turkish.
Example of a cabochon Turquoise ring. Photo courtesy of @angelecamp
The colour of Turquoise varies from white to pale blue. However, most people associate Turquoise with distinctive blue-green colouration. Highly polished, Turquoise features in both ancient and modern jewellery examples. For example, from ancient Egypt, we see Pharaonic treasures set with Turquoise.
Inexpensive Turquoise jewellery often features synthetic forms of this gemstone. By way of example, fashion jewellery set with synthetic varieties of Turquoise makes a popular and affordable accessory.
Highly-polished Cabochon examples of Turquoise feature across rings, pendants and earrings. Furthermore, with a hardness of 6 on the Mohs scale, we compare the durability of Turquoise to the hardness of glass. Aside from variations in colour, Turquoise often features dark flecks of limonite within the stone.
Zircon
Zircon occurs in a variety of colours, including blue, yellow, orange and red. This transparent crystalline gemstone belongs to the mineral group of neosilicates. Also, the name comes from the German word ‘Zirkon.’ This, in turn, comes from the Persian word ‘Zargun,’ meaning Gold-hued.
Large Zircon crystals occur rarely in nature. Occasionally, we work with Blue Zircon. Moreover, we source each gemstone individually for each commission. Its beauty and rarity make it an expensive gemstone choice often requested by jewellery connoisseurs. For this reason, it makes one of the rarer choices for December’s birthstone.
Close up of an Oval cut Blue Zircon
Blue Zircon Jewellery
One of the fabulous Blue Zircon rings created by our team featured the above gemstone set into a halo ring. We handcrafted this bespoke ring design in 18ct Yellow Gold. In addition, the ring featured additional diamonds in the halo and across each shoulder of the ring.
Blue Zircon and diamond halo ring handcrafted by our team at Serendipity Diamonds, made in 18ct Yellow Gold.
Further help and guidance on December’s birthstone
Contact us for further help and guidance on any item of jewellery set with December’s birthstone choice. We provide a complete bespoke design service. This includes complimentary help and guidance with no obligation to purchase. Our team are on hand in our UK showroom to offer assistance Monday to Saturday.
The post December Birthstones – Tanzanite, Turquoise and Blue Zircon appeared first on Serendipity Diamonds Blog.
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How Gold Could React to a Biden Presidency
With President-elect Joe Biden ready to assume the Oval Office, many people speculate what impact a new presidency might have on precious metals prices. The price of gold has been rapidly rising over the past couple of years and breaking records, and could be heading for its best year since 2010. Will this pattern continue?
I take questions like these very seriously. I have spent considerable time researching a range of factors and possibilities to gain a complete understanding of the situation. After careful analysis of several key factors, I have my answer.
Gold and other precious metals could continue to thrive under a Biden presidency. In fact, they could be even stronger than before.
While there are several factors that indicate this trend, the one that stands out to me the most is Biden’s Cabinet selections.
On November 29, 2020 The Wall Street Journal characterized the members of Biden’s economic team of having “played down concerns about budget deficits, which have reached record levels over the past year, arguing that now isn’t the time for policymakers to worry about rising deficits and debt.” Most notable is Biden’s Treasury Secretary nominee Janet Yellen.
Yellen, formally the Chair of the Federal Reserve, has been a huge advocate for monetary spending. She has been an aggressive champion of congressional stimulus, telling The Wall Street Journal, “The economy needs the spending” in an interview on September 28, 2020. Given her track record and monetary policy views, we can expect to see massive increases in government spending to continue in 2021. This could be very important for safe havens such as gold and silver.
Continued Federal Reserve money-printing and “big government” could increase major debt problems.
The current economy may be too reliant on congressional support and the Federal Reserve. Dion Rabouin, the markets editor of Axios, wrote on December 3, 2020, “The Fed-driven economy relies on the creation of trillions of dollars—literally out of thin air—that are used to purchase bonds and push money into a pandemic-ravaged economy that has long been dependent on free cash and is only growing more addicted.” In addition, Congress has spent trillions on various stimulus efforts.
This has grown government debt to massive levels. The deficit for the October–November period (the start of the 2021 fiscal year) was $429.3 billion according to the Treasury Department. The Associated Press reported that this is up 25% from last year’s October–November deficit, $343.3 billion. With Biden’s stimulus-minded Cabinet selections, debt troubles could continue to worsen.
Concern over the massive size of federal debt has led some financiers to move into gold. Leon Cooperman, the billionaire chairman and CEO of Omega Advisors, said in an interview in late 2020, “I bought gold for the first time in my life a week ago. I understand the case for gold. We’re on the way to some banana republic situation. Nobody’s worrying about the debt that’s being created.”
Hand in hand with debt are the problems the dollar is facing.
On Thursday, December 17, 2020 Fox Business wrote, “The U.S. dollar on Thursday plunged to a more than 2.5-year low against a basket of its peers after the Federal Reserve pledged to keep interest rates low until the economy shows signs of a sustainable recovery.” A combination of sustained near-zero interest rates and rising debt could send the dollar on a further downward trajectory. In response to this, precious metals such as gold could be set to rise in price over the next few years.
With growing debt, a weakening dollar, and government officials who are spending-oriented ready to take power, precious metals could be set to gain as a safe-haven hedge for everyone concerned about their portfolio in a new era.
The post How Gold Could React to a Biden Presidency appeared first on U.S. Money Reserve.
Before you can look ahead and plan for the future, you must look at the past and where you’ve been. History always has something to teach us, and that can go for gold prices, too—especially in 2020. Join us as we take a look back at the year in gold prices and take a peek at what may happen with gold in 2021.
Gold Reached Historic High in 2020
In terms of gold prices (and for many other reasons), 2020 is a year for the history books.
In early August, the price of gold hit a record high: $2,072.49/oz, according to Reuters.
The year is poised to end with gold priced close to $1,900/oz., not far from its August peak. That compares with a price of a little over $1,500/oz. at the end of 2019. In 2020, gold’s lowest price sat at just over $1,470/oz., which actually is above the annual highs from 2014 through 2018.
By the way, the price of gold 40 years ago—at the end of 1980—was nearly $590/oz.
At the time of this writing, it looks like that gold could wind up with a year-over-year gain of about 23% when the calendar flips from 2020 to 2021. For 2020, the average closing price looks like it might be a little over $1,770/oz.
As New Year’s Day approaches, gold is enjoying a bump thanks to the signing of a U.S. stimulus package two days after Christmas and the finalization of the Brexit deal, which separates the United Kingdom from the European Union.
What Affected Gold Prices in 2020?
According to the Reuters news service, gold’s ascent in 2020 was primarily driven by its appeal as a hedge against inflation and currency devaluation “in the wake of unprecedented stimulus measures unveiled globally” to ease the effects of the recession.
In fact, Germany’s Commerzbank reports that in 2020, demand for gold as an asset surpassed demand for gold in the jewelry industry, which was not the case during the global financial crisis that ended in 2009.
Peter Grosskopf, CEO of asset manager Sprott, cites two critical factors for the rise of gold in 2020: soaring debt ratios in major economies and “monetary and fiscal stimulus leading to increases in [the] money supply.” Global uncertainty tied to the recession ranks third, he says.
However, Edmund Moy, a former director of the U.S. Mint, believes economic uncertainty, heightened demand for safe-haven assets, a limited supply of gold, and massive sums of stimulus funding over a short period were the main reasons for gold’s impressive run in 2020.
How Might Gold Perform in 2021?
Commerzbank predicts that the price of gold in 2021 could average about $2,000/oz., with the price expected to exceed $2,300/oz. by the fourth quarter. Looking ahead at 2022, the bank envisions an average price of about $2,200/oz.
Steve Forbes, editor in chief of Forbes magazine, also anticipates the yellow metal will likely shine in 2021.
“The reason is an age-old one: the government churning out too much money,” Forbes explains. “Since the [global] crisis shut down the economy, Washington has spent trillions of dollars in relief efforts. The national debt has increased more in recent months than in the previous ten years put together.”
“Help was needed,” he adds, “but most of the spending came from money being created out of thin air by the Federal Reserve. This is a formula for inflation—and traditionally that means the price of gold will be moving up, big time.”
Moy echoes Forbes’ sentiment.
“It is likely that the uncertainty of how the economy is going to recover and how fast and large the recovery will be, coupled with increasingly historical levels of fiscal and monetary stimulus, puts gold on the path of a bull run for several years,” Moy told Barron’s.
You can’t see where you’re going unless you know where you’ve been. Bookmark U.S. Money Reserve’s gold price chart page and other helpful resources to follow gold prices in real-time.
The post End-of-Year Lookback: Gold’s Performance in 2020 appeared first on U.S. Money Reserve.
Kitco News
(Kitco News) – The company’s CEO said Almaden will weigh next steps.
The post Almaden denied permit application for its Ixtaca project appeared first on WorldSilverNews.
Kitco News
(Kitco News) – The company said that a preliminary economic analysis on the project estimated that 66 million carats of diamonds could be recovered in a surface mine over a 38-year project life with a net present value (7%) of $2.0 billion after tax, an internal rate of return of 19% and an after-tax payback period of 3.4 years after the commencement of diamond production.
The post Bulk sample yields 210.68 carats of diamonds from in Saskatchewan appeared first on WorldSilverNews.
“”silver price”” – Google News
Why Osisko Gold Royalties Is My Top Stock Pick for 2021 Investorplace.com
The post Why Osisko Gold Royalties Is My Top Stock Pick for 2021 – Investorplace.com appeared first on WorldSilverNews.
Options trader bets that silver can lead the resource trade higher into 2021
“Taking a look at [silver ETF] SLV, you see calls outpacing puts [by a ratio of] 3 to 1, after being as imbalanced as 4 to 1 in earlier parts of the trading session. Taking a look at implied volatility, options are implying about a 17% move in either direction between now and March expiry,” Bonawyn Eison, managing director of equity derivatives at XP Investments, said Monday on CNBC’s “Fast Money.”
SilverSeek.com
Wed, 12/30/2020 – 10:44