Pink Diamond Breaks Record at Christie's Hong Kong Auction
Christie's Hong Kong sells its highest priced jewel at the autumn sale on Monday. A rare 14-carat diamond called the "The Perfect Pink" sold for more than 23 million U.S. dollars after an intense bidding session.
[Francois Curiel, President, Christie's Asia]:
"The star lot of the auction, the last lot of the auction, was a fabulous 14 carat pink diamond which was sold for 23 million U.S. Dollars. Now that's a very high price. It's the highest price for a diamond ever achieved at auction in Asia."
Curiel says the clarity and purity of the pink was the reason for the high price.
So far only 18 pink diamonds bigger than 10 carats have ever gone on the block in 244 years of auction history.
The auction is the largest jewelry sale held in Asia and the biggest worldwide.
[Francois Curiel, President, Christie's Asia]:
"We had a fabulous jewelry auction on Monday night in Hong Kong at the convention center, where more than $80 million U.S. dollars changed hands in less than four hours. And Hong Kong has now proven that it is the center for jewelry auction in the world."
The company's week-long sale of wine, art, antiques, watches and gems is expected to total more than 200 million dollars.
Wednesday, December 1, 2010
Bob Chapman : The Euro will collapse just a matter of time
Bob Chapman on Radio Liberty 29 Nov 2010
Bob Chapman wrote in the International Forecaster of the 1st December 2010 : "....On a European note, Germany cannot keep paying for bailouts without going bankrupt itself. Germany is drowning in the debt of other countries.
Assets under management in commodities hit a record high of $340 billion in October.
A very important event is that China and Russia are going to quit using the US dollar. This is big news. In spite of the current USDX dollar rally it will reduce demand for dollars and expedite the dollar’s demise. Once the dollar rally, induced by European problems is over, the dollar should take out 74 on the USDX. Current US insolvency is being ignored as the five-euro zone PIGGS get gored...." etc...
Eur/USD Seen Capped at 1.3180 - Ashraf Laidi,
Dec. 1 2010 | Ashraf Laidi, chief strategist at CMC Markets talked to CNBC ahead of the European Central Bank's meeting on Thursday and its potential impact on currencies.
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