Tag Archives: world&#039s

World's largest pink diamond expected to fetch up to $30 million at auction

LONDON (Reuters) – “The Pink Raj”, an intense pink diamond described by experts as the world’s largest, is expected to fetch up to $ 30 million when it is auctioned in Geneva next month. The stone, which weighs just over 37 carats, was displayed by auction house Sotheby’s in London this week. “It is a wonderful shape. It is a cushion modified diamond, with a lot of brilliance, a lot of facets, when you move it around and sort of have it on your finger,” Sotheby’s senior jewelry specialist Daniela ...

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World's second biggest diamond sells for $53 million

Huge diamond is second biggest ever found The world’s second-biggest diamond has finally found a buyer. After failing to sell at a Sotheby’s auction last year, the 1,109-carat uncut stone has now fetched $ 53 million in a private sale to luxury jeweler Graff Diamonds. The seller, Canada’s Lucara(LUCRF), recovered the huge diamond from Botswana’s Karowe mine nearly two years ago. It named it Lesedi La Rona, which means “Our Light” in Botswana’s Tswana language. Lucara had originally hoped to get at least $ 70 million for the stone, describing ...

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U.S. company gives up control of world's No. 2 copper mine

Why gold is considered an investing safe haven For nearly three decades, the world’s No. 2 copper mine has been controlled by an American company. Not anymore. Freeport-McMoRan(FCX) agreed Tuesday to give up its majority stake in the massive Grasberg gold and copper mine, ceding control to the Indonesian government in what is likely to be seen as a victory for President Joko Widodo. The U.S. miner’s ownership stake will be reduced from 90% to 49%, Indonesia’s energy minister Ignasius Jonan said at a joint press conference with Freeport CEO ...

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A bot just defeated one of the world's best video gamers

Elon Musk: We should regulate AI to keep public safe An artificial intelligence program just annihilated its human competition at a world championship video game contest. The AI win stunned the gaming community, because bots are generally considered inferior to expert human players. This one from Open AI — a nonprofit artificial intelligence research firm known mainly for its backing by serial entrepreneur Elon Musk, of Tesla(TSLA) and SpaceX fame — is a different story, and possibly a cautionary one. Open AI says its mission is to promote “responsible” AI ...

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World's large carnivores being pushed off the map

Six of the world’s large carnivores have lost more than 90% of their historic range, according to a study. The Ethiopian wolf, red wolf, tiger, lion, African wild dog and cheetah have all been squeezed out as land is lost to human settlements and farming. Reintroduction of carnivores into areas where they once roamed is vital in conservation, say scientists. This relies on human willingness to share the landscape with the likes of the wolf. The research, published in Royal Society Open Science, was carried out by Christopher Wolf and ...

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Why is China buying the world's seeds?

5 stunning stats about the fast food industry China is gobbling up major seed businesses to satisfy its growing appetite for food firms. Two weeks ago, state-owned ChemChina finalized its $ 44 billion purchase of the Swiss pesticides and seeds giant, Syngenta. It was China’s biggest foreign takeover of all time. On Tuesday, Dow Chemical(DOW) announced that an agriculture fund backed by the Chinese government would pay $ 1.1 billion for its Brazilian corn seed and research business. Chinese firms have spent $ 91 billion over the past decade purchasing ...

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Elon Musk promises world's biggest lithium ion battery to Australia

Inside Tesla’s enormous battery factory Elon Musk is following through on his promise to solve an energy crisis in Australia. His electric car company, Tesla(TSLA), has teamed up with a French renewable energy firm and an Australian state government to install the world’s largest lithium ion battery. Paired up with a wind farm in the state of South Australia, the battery will be three times more powerful than the next biggest in the world, Musk said at a news conference in the city of Adelaide on Friday. “If South Australia’s ...

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Jeff Bezos is $5 billion away from being the world's richest person

Why Amazon is buying Whole Foods Watch out, Bill Gates: Jeff Bezos is gunning for your title. Thanks to a surge in Amazon(AMZN, Tech30) stock — the company just announced that it is buyingWhole Foods(WFM) — Bezos added another $ 1.8 billion to his net worth, according to Bloomberg. Bezos is now worth about $ 84.6 billion total, leaving him just $ 5 billion shy of overtaking Gates as the wealthiest person in the world. He has a good shot. Bezos, 53, is focused on aggressively expanding Amazon, while Gates, ...

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Google's AI just beat the world's best Go player

Game of Go pits man against machine A near perfect opening wasn’t enough for man to beat machine. A computer system that Google engineers trained to play the game Go beat the world’s best human player Thursday in China. The victory was AlphaGo’s second this week over Chinese professional Ke Jie, clinching the best-of-three series at the Future of Go Summit in Wuzhen. Afterward, Google engineers said AlphaGo estimated that the first 50 moves — by both players — were virtually perfect. And the first 100 moves were the best ...

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Jeff Bezos passes Warren Buffett to become the world's second richest person

Jeff Bezos in 90 Seconds Move over Warren Buffett! Amazon CEO Jeff Bezos is now the second richest person on Earth. The latest tally by Bloomberg’s Billionaires Index shows Bezos is now worth about $ 75.6 billion. Another ranking compiled by Forbes has Bezos’ value at “just” $ 75.2 billion. He added $ 1.5 billion to his net worth after Amazon(AMZN, Tech30) gained $ 9 billion in market value during trading hours Wednesday. The company received a generous stock bump after a Barclay’s(AGRPY) analyst declared Amazon will “likely to be ...

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