Morning Mass began with a hymn on a recent Sunday at the Infant Jesus Catholic Church in the Central African Republic town of Bouar. The Rev. Dominic Mbarta fretted about his sermon. The previous Sunday, when a Polish priest at the church simply asked the congregation to refrain from killing their Muslim neighbors or looting abandoned Muslim houses, the priest was threatened.
"They were so angry," Mbarta says. "They went back grumbling that the priest is not impartial. He is for the Muslims. He's not for the Christians."
Across town, there is a mosque where thousands of Muslims are pinned down, unable to move outside a small radius or risk being macheted in the street. In this climate, it's too soon to preach forgiveness, Mbarta says.
Sotheby’s Pink Diamond Buyer Defaulted on Record Purchase – Bloomberg
In a Sotheby’s (BID) auction in November, a New York diamond cutter defeated three bidders to win the most expensive gemstone ever. Yesterday, the auction house said the buyer couldn’t pay.
The 59.6 carat oval-cut pink diamond, which fetched $83.2 million in a transaction guaranteed by Sotheby’s, was acquired by the auction house after the buyer defaulted. The stone is recorded in Sotheby’s inventory at about $72 million, the U.S. dollar equivalent of the corresponding purchase price in Swiss francs, Sotheby’s said yesterday on a conference call.
“We are currently in discussions with the buyer while also considering other alternatives,” Patrick McClymont, Sotheby’s chief financial officer, said during a conference call with investors. “In the meantime, we are comfortable with our valuation and see real value in owning the diamond at this price.”
The Nov. 13 sale was ...
Rooftop burglars take nearly $1 million in OC jewelry heist – Los Angeles Times
Burglars cut a hole in the roof of a Laguna Hills jewelry store and made off with as much as $1 million in merchandise, Orange County sheriff's officials said Thursday.
The burglary occurred sometime between Saturday night and Sunday morning at South Bay Jewelry, which is surrounded by restaurants and stores.
The jewelry store owner and employees have so far calculated that more than 1,000 pieces of jewelry worth from $700,00 to $1 million were taken the store at 24261 Avenida De La Carlota, said Orange County Sheriff's Lt. Jeff Hallock.
The thieves made off with earrings, necklaces, rings and chains but left behind items of lesser value in unlocked cases.
Instead, authorities said, after cutting a hole in the roof and dropping down into the store, they targeted two safes inside a small room at the rear of the business.
Those safes were broken into and the most expensive items were taken, sheriff’s investigators ...
Woman turns herself in over Gold Coast bus attack on elderly man – The Guardian
One of the two women filmed attacking an elderly man on a Gold Coast bus on Tuesday has handed herself in to Queensland police.
The incident was recorded by a 13-year-old on a bus in Kirra at around 3.45pm, and shows two women punching, kicking, spitting and verbally abusing the man. One of the women is heard saying to the cowering victim: “Oh bro, we’re in Abo land.”
The girl holding the phone can be heard pleading with people to stop the attack. The man attempted to fight back but was punched by one of the women. The bus eventually stopped and a male passenger pushed the women off the bus and threw their hats after them.
The video was posted to social media and quickly went viral. Channel Nine news broadcast the footage ...
Couple Finds $10 Million In Gold Coins; Taxes Take Half – Forbes
An anonymous couple in California’s “gold country”—named after the 1849 Gold Rush—found $10 million in rare gold coins buried in cans on their property. Why stay anonymous? They don’t want people digging on their property. After all, this is the biggest and best coin discovery in U.S. history. So said Davis Hall of Professional Coin Grading Service
which authenticated the find.
Walking their dog as usual, the couple noticed a rusty metal can sticking out of the ground. A little digging revealed over 1,400 rare and perfectly preserved U.S. gold coins dated from 1847 to 1894. Most were minted in nearby San Francisco. In $5, $10 and $20 denominations, they add up to a face value of more than $28,000, but their market value is likely over $10 million.
It makes them the best treasure find ever. Approximately 90% of the ...
Gold Fix Study Shows Signs of Decade of Bank Manipulation – Bloomberg
The London gold fix, the benchmark used by miners, jewelers and central banks to value the metal, may have been manipulated for a decade by the banks setting it, researchers say.
Unusual trading patterns around 3 p.m. in London, when the so-called afternoon fix is set on a private conference call between five of the biggest gold dealers, are a sign of collusive behavior and should be investigated, New York University’s Stern School of Business Professor Rosa Abrantes-Metz and Albert Metz, a managing director at Moody’s Investors Service, wrote in a draft research paper.
“The structure of the benchmark is certainly conducive to collusion and manipulation, and the empirical data are consistent with price artificiality,” they say in the report, which hasn’t yet been submitted for publication. “It is likely that co-operation between participants may be occurring.”
The paper is the first to ...