The difference between the rich and poor

Monday, October 27, 2014 3:32:31 PM America/Toronto

Same chances with different choices-- produce different results. The first person to earn doesn’t necessarily do the best. Likely, those who have long term plans earn the most wealth!Read More
Comments | Posted By Jamie Cohen

Two Colored Diamonds Fetch $10.3M At Christie's Auction

Monday, November 18, 2013 10:17:08 AM America/Toronto

By: Anthony DeMarco

The diamond engagement ring that Kris Humphries gave to Kim Kardashian prior to their ill-fated marriage provided lots of headlines for Christie’s New York Magnificent Jewels auction. However, its $749,000 sale price was the 12th highest result in Tuesday’s sale.

The top lots among the 389 lots offered were two fancy colored diamonds. They are:

* An 8.77-carat rectangular-cut fancy intense pink VVS1 diamond that sold for more than $6.3 million, or $721,200 per carat. The buyer was Moussaieff Jewellers, a luxury retail jeweler with stores in London and Geneva.

* A 3.81-carat rectangular-cut fancy vivid blue VS1 diamond that sold for nearly $4 million, or more than $1 million per carat. The buyer requested anonymity.

The other top lots are as follows:

* A 25.30-carat rectangular-cut D color VVS1 diamond that sold for more than $3.1 million.

* An 18.28-carat cushion-cut D color VVS2 diamond that sold for more than $2 million.

* A 15.88-carat cushion-cut Kashmir sapphire that sold for more than $1.8 million.

* A 10.75-carat rectangular-cut D color internally flawless diamond that sold for nearly $1.4 million.

* A 17-carat rectangular-cut F color VS1 diamond ring that sold for more than $1.2 million. The ring was part of Diana Dollar Knowles Collection. Knowles, who died March 4 at the age of 95, was a noted San Francisco philanthropist and patron of the arts.

The auction at Christie’s Rockefeller Center headquarters took in more than $46.6 million with 75 percent of the items sold by lot and 85 percent sold by value.

The sale also was marked by a number of big-ticket items that failed to sell. Among them:

* An 18k pink gold and platinum ring set with a 2.47-carat heart-shaped fancy purple-pink diamond and flanked on either side by a modified heart- shaped fancy intense blue diamond, weighing approximately 1.22 and 1.16 carats. Its high estimate was $1.55 million.

* A 37.20-carat modified pear-shaped fancy deep brown-yellow diamond mounted in 18k rose gold with a high estimate of $800,000.

* An 11.70-carat circular-cut diamond, with the shoulders set with baguette-cut diamonds, mounted in platinum that had a high estimate of $800,000.


Comments | Posted By Jamie Cohen

'The Pink Dream': An Auction Record for Any Jewel

Wednesday, November 13, 2013 10:00:44 AM America/Toronto

By David Bennett | November 13, 2013 

GENEVA - Applause often occurs at the end of an historic sale and tonight I felt compelled to join in the acclaim as a bidder directly in front of me at the rostrum bought the 59.60-carat Internally Flawless Fancy Vivid Pink Diamond that was the star of our Geneva Magnificent Jewels sale for $83,187,381.

The stone was bought by the famous diamond cutter Isaac Wolf who has renamed it ‘The Pink Dream,’ which now holds the world auction record for a diamond; the world auction record for a pink diamond; the world auction record for any coloured diamond – and the world auction record for any jewel.

The landmark figure eclipses the previous record at $46.2 million established by Sotheby’s Geneva for the magnificent ‘Graff Pink’ in 2010. What’s truly unbelievable is that I’ve already seen similar scenes this year as last month Sotheby’s in Hong Kong set a record for the highest total ever for a jewellery sale in Asia and a record price for the greatest white diamond ever to be offered at auction, a 118-plus carat stone sold for a record $30.8 million.

Taken as a whole the auction tonight was a tour-de-force as a succession of wonderful pieces went on to achieve the highest jewellery sale total in history at $199,512,930. In addition to those set for the pink, four further records were established: for a jewel by Van Cleef & Arpels at $9,685,000, a record for a pair of colourless diamonds at $9,218,588, and an auction record for a sapphire jewel at $7,142,143.

This evening was an unparalleled moment – to witness the saleroom at the Hotel Beau-Rivage on the shores of Lake Geneva tonight was to be present at the making of history.

Comments | Posted By Jamie Cohen

Exclusive Fancy Coloured Diamonds Arrive at Canadian Bullion Services

Friday, November 1, 2013 3:37:00 PM America/Toronto

Canadian Bullion Services have just secured and received a number of exclusive Fancy Coloured Diamonds, including an assortment of Pink Diamonds from the famous Argyle Mine in Australia, which is preparing to close.. Due to the rarity, desirability and increased demand there was great competition to secure the right to sell these diamonds. They have listed on our website, part of the shipment which come complete with GIA certificates, Appraisals, display ring settings free shipping and a 30 day money back guarantee. The rest of the shipment will be listed on their website over the next month or so.

A spokesperson for CBS said, "We are very pleased to offer Fancy Coloured Diamonds at the lowest prices in Canada, and this latest shipment is absolutely spectacular. I am very excited for our customers as these diamonds cannot be found anywhere else."

Only 1 out of every 10,000 diamonds mined is a naturally Colored Diamond. The values of diamonds are determined by their rarity, colour, colour strength, cut and clarity. Fancy Coloured Diamonds are a rare physical asset worth investing in. It is believed that these rare assets will continue to appreciate in value over the coming years.

About Canadian Bullion Services:

Canadian Bullion Services is a Bullion Dealer located midtown at Yonge and Eglinton in Toronto. CBS is one of the most respected names in bullion. They have an impeccable reputation which focuses on providing excellent service at the lowest prices.

Contact Canadian Bullion Services today to speak with a specialist that can assist you in personally navigating the world of Fancy Coloured Diamonds. http://www.canadianbullionservices.com.

Press may contact Dan Cohen for any comments related to the Diamond industry, and Danny Kroll for any comments related to the Precious Metals industry, at 1-866-901-0600.

Comments | Posted By Jamie Cohen

What You Need to Know about Gold and Silver - Week 12

Friday, October 11, 2013 12:01:58 PM America/Toronto

This week is all about options.

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Comments | Posted By Jamie Cohen

What You Need to Know about Gold and Silver - Week 11

Friday, October 4, 2013 11:56:00 AM America/Toronto

This week we will discuss futures.

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Comments | Posted By Jamie Cohen

What You Need to Know about Gold and Silver - Week 9

Friday, September 20, 2013 11:57:36 AM America/Toronto

This week we will discuss gold and silver mining stocks.

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Comments | Posted By Jamie Cohen

Sledging

Tuesday, August 13, 2013 11:15:02 AM America/Toronto

For all you British sports people, you know this term means to try to psychologically destroy the mindset of your opponent by using verbal tactics.

The best athletes ignore the noise, focus and concentrate on what’s at hand.

This reminds me of what gold and silver investors have gone through the last 2 years.

It has been an extremely testing time for all people invested in gold and silver.  It is not abnormal to question asset allocation and weighting of your portfolio in this type of lower market.

Just like the elite athletes, the ones who will prevail are the ones who remain logical and make smart decisions.

You must remember the reasons you bought gold and silver.  Tw of the most prominent reasons to buy and hold gold  and silver are:

-      The developed world deficits are astounding, it could take decades to reduce them

-      The global currency wars are rampant, as paper currencies get devalued, gold and silver will rise

Comments | Posted By Jamie Cohen

Sledging

Tuesday, August 13, 2013 11:15:02 AM America/Toronto

For all you British sports people, you know this term means to try to psychologically destroy the mindset of your opponent by using verbal tactics.

The best athletes ignore the noise, focus and concentrate on what’s at hand.This reminds me of what gold and silver investors have gone through the last 2 years. It has been an extremely testing time for all people invested in gold and silver. It

is not abnormal to question asset allocation and weighting of your portfolio in this type of lower market. Just like the elite athletes, the ones who will prevail are the ones who remain logical and make smart decisions. You must remember the reasons you bought gold and silver. Two of the most prominent reasons to buy and hold gold and silver are:

- The developed world deficits are astounding, it could take decades to reduce them

- The global currency wars are rampant, as paper currencies get devalued, gold and silver will rise

Comments | Posted By Jamie Cohen

GOFO- You Don't Want to Miss This

Friday, July 19, 2013 11:50:50 AM America/Toronto

Gold Forward Offered Rates (GOFO) or the cost to borrow gold remains negative.

The lack of liquidity in the interbank London Good Delivery gold market (400 ounce gold bars) has pushed gold forward rates, known as “gofo”, into negative territory, meaning that gold for future delivery is trading at a discount to physical market prices – a rare situation that has occurred only after the Lehman Brothers collapse and near 
the bottom of the gold market in 1999.
 
The last time forwards were negative was in November 2008, when a scramble for physical 
gold led a sharp price rally of 46% from $682/oz to over $1,000/oz between October 2008 and February 2009.

Comments | Posted By Jamie Cohen