Core Insights - The Midtown block is experiencing a surge in activity with buyers and sellers engaging in transactions, indicating a vibrant market environment [1] Group 1 - The block hosts more than 2,500 businesses, highlighting its significance as a commercial hub [1]

De Beers built an empire by convincing the world that “a diamond is forever”. On this week’s “Money Talks”, how cheap lab-grown stones threaten to end its reign https://t.co/FUGosndUK4 ...

The couple exchanged vows in Santa Barbara on Saturday in front of around 170 guests, including singer-songwriter Taylor Swift, actor Paul Rudd, and Gomez' Only Murders in the Building co-stars Steve Martin and Martin Short, according to fashion magazine Vogue.ALSO READ: Why Trump has ordered deployment of troops to US city of Portland and ICE facilitiesBenny Blanco's net worthBenny Blanco is one of the most powerful names in music and is a Grammy-winning producer. He has written and produced chart-topping ...

Group 1: Ethiopia and the Grand Ethiopian Renaissance Dam (GERD) - The Grand Ethiopian Renaissance Dam, Africa's largest hydropower project, has been inaugurated with an estimated cost of $5 billion and aims to generate over 15,700 gigawatt hours annually, providing electricity to Ethiopia and neighboring countries [3][4][6] - Ethiopia anticipates significant economic impacts from the dam, including industrialization, with the industrial sector growing at an annual rate of 10% and energy demand from this sector increasing by 40% yearly [8] - The Ethiopian government aims to generate $1 billion annually from power exports, with current exports to Djibouti, Kenya, and Tanzania [8][9] - The dam has caused tensions with downstream countries Egypt and Sudan, which are concerned about reduced water flow and have called for a legally binding agreement on the dam's operation [5][12][14] Group 2: South-South Trade and Automotive Industry - The trade war initiated by Donald Trump has accelerated South-South trade, particularly between India and South Africa, with Indian automaker Mahindra expanding its presence in South Africa's Bakkie market [32][33] - South Africa's automotive industry faces challenges from imports, especially affordable vehicles from India and China, leading to concerns about potential job cuts in local manufacturing plants [36][43] - Mahindra's assembly plant in Durban has become a significant player in the market, producing nearly a thousand pickups each month, while Tata Motors plans to enter the South African market with SUVs [41][42] Group 3: E-commerce and Supply Chain Shifts - Jumia, Africa's largest e-commerce player, reports that shifting global supply chains are improving its ability to bring goods from China to Africa, with increased stability in currency aiding operations [44][46] - The trade tensions between China and the US have indirectly benefited Jumia by securing more supply for Africa as Chinese manufacturers adjust their markets [47] - Jumia focuses on e-commerce for physical goods targeted at the middle class in Africa, adapting its business model to the specific purchasing power of its markets [50][54]

Rachna is a resident of Badgadi village and had obtained a lease for a mining plot in the Hazara Mudda area. According to diamond experts, six of the eight diamonds are of gem quality, weighing a total of 2.53 carats, with the largest stone weighing 0.79 carats. The remaining two diamonds are off-colour but retain some commercial value. All eight diamonds have been submitted to the diamond office and will be auctioned during the upcoming cycle. Officials noted that this is the first instance in 2025 of eig ...

Core Viewpoint - Anglo American's planned merger with Teck Resources aims to create a combined company with a market capitalization of approximately $56 billion and targeted annual pre-tax synergies of $2.2 billion, as estimated by J.P. Morgan [1] Financial Projections - Anglo American's earnings per share are projected to decline by 13% in 2027, narrowing to 5% in 2030 if coal and diamond assets are retained, or to 2% in 2030 if these assets are divested [2] - Revenue forecasts for Anglo American are $21.8 billion in 2025, $20.7 billion in 2026, and $23.2 billion in 2027, with adjusted EBITDA expected to be $6.5 billion in 2025, $7.1 billion in 2026, and $7.7 billion in 2027 [5] Synergies and Valuation - Corporate synergies of $800 million are anticipated by 2030, with 80% of these synergies expected to be realized by 2028 [3] - Pre-tax synergies from the integration of the Collahuasi mine are estimated to contribute an additional net present value of $3.5 to $4.0 billion for the combined Anglo-Teck entity [3] Deal Structure - The merger will be executed through a share swap of 1.3301 Anglo shares for each Teck share, with Anglo distributing a $4.5 billion special dividend to its shareholders [4] - Post-merger, Anglo shareholders will own 62% of the new group, which will be headquartered in Vancouver and listed in multiple financial markets including London, Toronto, Johannesburg, and New York [4] Debt and Earnings Outlook - Net debt is projected to peak at $10 billion in 2027, equating to 0.9 times EBITDA, and is expected to decrease to $6 billion (0.6x) if divestments are completed [5] - Adjusted net income is forecasted to rise from $722 million in 2025 to $1.6 billion in 2027, with adjusted EPS expected to increase from 61 cents in 2025 to $1.34 in 2027 [6]

GABORONE (Reuters) -The sale of diamonds through tenders and auctions is opaque and inefficient and should be revamped for producers to earn more and to survive the current price slump, a leading gem trader said on Thursday. Oded Mansori, co-founder and managing partner of Belgian gem trader HB Antwerp, said the impact on producers could be reduced by doing away with inefficiencies in the industry. The diamond market is currently going through a prolonged downturn with demand hurt by global economic unce ...

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Anglo American will merge with copper mining giant Teck to become Anglo-Teck - Nadine Hutton/Bloomberg Mining giant Anglo American is to cut hundreds of jobs in London and reduce its UK tax contributions after striking a $53bn (£39bn) merger deal with Canadian rival Teck Resources. Anglo, which co-owns De Beers diamonds and a potash mine in North Yorkshire, said on Tuesday that it would combine with Teck to create a copper mining-based giant known as Anglo Teck. As part of the deal, the company will qui ...

Financial Performance & Forecast - Signet Jewelers reported a healthy revenue and earnings beat, leading management to raise their four-year forecast [1] - Signet Jewelers repurchased 59 million shares in 2017, which decreased to approximately 40 million shares currently [21] Brand Strategy & Positioning - Jared is positioned as the brand embodying "inspired luxury," offering both finished merchandise and on-site craftsmen for custom designs [5][6] - A custom ring inspired by Taylor Swift's ring was created at Jared in six days, priced at $100,000 [6][7] - Kay Jewelers is positioned for milestone gifting and reaches the broadest cross-section of America, catering to various gift-giving occasions [8][10][11] - Zales is being repositioned towards self-purchase and fashion, with a lower price point and more fashion-inspired designs, while still retaining a bridal component [8][9] Diamond Market - The company distinguishes between natural and lab-grown diamonds, recognizing demand for both [12] - Natural diamonds are preferred above the $5,000 price point, appealing to customers seeking to hold value as an asset [13] - Lab-grown diamonds are popular below the $2,000 price point, emphasizing emotional value, and are critical for extending the fashion jewelry category [13][14] Gold Market - Customers understand the value of gold and are willing to invest in it, making it a permeable category for price transfer [16] - The impact of high gold prices is felt more in the Banter business, where price points are $100 and below [17] Online Business - Core brands like Kay and Jared continue to drive growth in the online business [18] - Blue Nile is showing healthy progress and growth [18] - James Allen requires work to reset customer strategy, pricing, promotions, and assortment architecture [19]