India’s Bunder diamond mines likely to be revived

The Bunder diamond project in Madhya Pradesh (MP), India with an estimated 34.20 million carat diamond deposits in Chhatarpur may be revived, according to a report in TOI.

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Pangolin identifies high priority drill targets at Botswana project

Pangolin Diamonds has identified high priority drill targets following the discovery of diamonds and indicators at its advanced stage MSC exploration project in Botswana.

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Israeli diamond industry looks forward to promising HK Show

Despite the unrest in Hong Kong, the Israel Diamond Institute, organizer of the Israel Diamond Pavilion at the upcoming September Hong Kong Jewellery & Gem Fair, is expecting a successful show.

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Pandora reported Q2 2019 financial results

Pandora reported its financial results for the second quarter  2019.

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Blue Nile appoints new CEO - report

Sean Kell will replace Eric Anderson on the post of a chief executive officer at Blue Nile.

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Misconceptions of Value

14 august 2019
(beinglibertarian.com) - A major question throughout economic history has been the question of what determines the value of an item. Most economists throughout history (and many today) believed in an intrinsic theory of value; that an item has an innate value that can be measured and calculated. In the late 19th century, William Stanley Jevons, Léon Walras, and Carl Menger (founder of the Austrian school) separately developed the subjective theory of value. This theory argues that the value of a product is not intrinsic to the product itself but instead is determined by a consumer’s desire for that product. Since individuals have different wants, needs, and possessions, the value an individual places on goodwill differ from person to person.