President Donald Trump has publicly blamed the Federal Reserve's interest rates hikes for holding back U.S. economic growth.The Fedread more
China's President Xi Jinping arrived in Pyongyang on Thursday morning for a state visit to North Korea — the first by a Chinese state leader in 14 years. Experts say the move...Asia Politicsread more
Gold prices spiked in the afternoon of Asian trading hours on Thursday after a dovish U.S Federal Reserve opened the door to further rate cuts, and the 10-year Treasury yield...Metalsread more
The Fed came very close to promising a rate cut Wednesday, and now markets are focused on a possible July rate cut.Market Insiderread more
Waymo has signed a deal with Renault and Nissan to develop self-driving cars and trucks for use in France, Japan and possibly other countries in Asia, including China, the...Autosread more
"No U.S. drone was operating in Iranian airspace today," a U.S. Central Command spokesman said, according to NBC News.World Politicsread more
The Fed left interest rates unchanged at its monetary policy meeting. The U.S. central bank did, however, drop the word "patient " from its statement and said it would "act as...Asia Marketsread more
As the presidents of U.S. and China near a highly anticipated meeting on trade, the gap in both sides' expectations regarding a deal remains wide.World Politicsread more
Markets had expected the central bank to keep its benchmark interest rate steady while setting up a cut at the July meeting.The Fedread more
The yield on the benchmark 10-year Treasury note fell below 2% for the first time since November 2016 on Wednesday.Bondsread more
Powell said policymakers are concerned about some of the recent economic developments and see a growing case for easier policy.The Fedread more
With commodity prices skyrocketing, one of the rarest commodities in the world marketplace is the precious gemstone. We’ve gathered a collection of some of the most famous, rare and valuable gemstones in high demand from around the world.
Rated as the largest Fancy Red by the Gemological Institute of America.
Size: 5.11 carats
Shape/Cut: triangular cut
Current Owner/Location: Moussaieff Jewellers Ltd.
This fancy vivid blue stone, founded in the Buyimai district, originally came from a rough stone that was 777 carats. It is considered a rare diamond because of its color.
Size: 27.64 carats
Current Owner/Location: De Beers Group
When exposed to short wave ultra-violet light, this steel blue diamond phosphoresces a red color. It’s also said to be cursed after its history with previous owner Evalyn Walsh McLean. Not only did Evalyn’s first born son die in an automobile accident, but her husband Ned took off with another woman and aimlessly spent their fortune. Although she herself blamed fate, everyone else blamed her misfortune on the stone.
Size: 45.54 carats
Shape/Cut: round brilliant cut
Current Owner/Location: Smithsonian Institute
This pale yellow stone is remarkable due to its cut with symmetrical facets and lack of a pavilion.
Size: 55.23 carats
Shape/Cut: shield shaped
Current Owner/Location: Apollo Gallery at the Louvre Museum in Paris
Perhaps the finest pink diamond in the world to date. It took approximately 20 months to cut and a team of eight individuals to fashion from the original 100-carat stone.
Size: 59.60 carats
Shape/Cut: oval mixed cut with a step-cut crown and a brilliant cut pavilion
Current Owner/Location: The Steinmetz Group
It is named after Georges Marciano’s (founder of Guess? Jeans) daughter Chloe and is the largest top-quality, brilliant-cut white diamond ever to appear at auction.
Shape/Cut: brilliant cut
Current Owner/Location: Georges Marciano
One of the few diamonds known to weigh over 100 carats and to have such a distinctively strong yellow color.
Size: 101.29 carats
Shape/Cut: cushion cut
Current Owner/Location: SIBA Corporation
Its name means “Mountain of Light” and it’s said to be cursed. Legend says that whoever comes into its possession will one day rule the world. Coincidentally, Queen Victoria and Queen Elizabeth once had ownership of it. However, no man risks wearing it because all men who have had possession of it suffered misfortune or even untimely death.
Size: 108.93 carats
Current Owner/Location: The Louvre Museum in Paris
This stone is the second largest faceted D-Flawless diamond in the world.
Size: 203.04 carats
Shape/Cut: pear shaped
Current Owner/Location: De Beers
Originally 3106.75 carats (rough), this stone is one of the largest diamonds ever to be found. The original was cut into nine large stones and about 100 smaller ones. This is the largest piece produced from the original.
Size: 530.2 carats
Shape/Cut: pear shaped
Current Owner/Location: Mounted in the British crown jewels