The Daily Business Digest

For the third consecutive year the gold prices will be raised and would be at a high range and a record high. The gold price may be touching a high of about 2000 for an ounce and for the year 2012 says a survey. As per as the record given by the London Bullion Market Association(LBMA)survey a detailed report was given. The survey had about 26 precious metal analysts an average for-cast was been done for the year 2012.

The gold price on the average was about 1,766 per announce and percentage of about 12.34 for the present year. Last year there was a raise of about 10.2 % and was when compared to the first week in January. In the survey out of 26 contributors about 19 told the gold price would be raising of about $2000 for an ounce.

There was a raise in the gold price for all time high as there has been a strong demand for the gold. The gold as a metal has been always considered as a safe haven investment when there is economic turmoil and inflation. Across the world the gold always has an upheld value especially in the developing countries like India and China. In countries like India and China the Gold is considered as a metal which has high status.

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The world renowned diamond of Elizabeth Taylor had been sold for a good amount and is worth it and more. The renowned Jewell which was taken for about $116 million which is more than double the record for just one collection. The single collection of Elizabeth Taylor includes a pearl set,colorless diamonds and and Indian Jewel leers. Elizabeth Taylor had received the 33 carat diamond ring as a gift from Richad Burton and most of her jewels.

The bracelets of Elizabeth Taylor sold for more than it was estimated and was sold during an auction. There was one of the historic pieces 55 carat which was pearl shaped back from the 16th century and owned by Mary Tudor. There was some jewels which were of Spanish queens Margarita and Isabel and was sold for $11,842,500. Richard Burton had married Elizabeth Taylor twice and had gifted the pearl set in the year 1969 at an auction.

A necklace which was designed from Ivory and gold and had theater medallions had estimated to be sold for about $1,500. As the estimate the necklace sold for about $314,500 and most of the estimates were being crossed at the auction. Approximately three times the estimates the necklace and other goods were being sold and some included Taj Mahal Diamond.

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The naval base of china which will be set up in Seychelles has been created a lot of tensions across Indian ocean. Last week when the Seychelles government had announced about the invitation given for China to have military base. The military presence of china in Mahe would be helping to prevent the attack of the pirate which happens regularly. The Chinese government however has downplayed towards the reports as given by Seychelles by saying it will be providing supplies and fuel.

There has been a lot of ships from china which are engaged in the anti piracy operations especially in the southwestern Indian ocean. In spite of all these the apprehensions still remains and the foothold of Beijing may be more gained in Seychelles. The main objective of china naval strategy in Indian ocean will be having some strong relationship along with the Indian ocean littorals. The littorals are the key points which are at the sea lanes which had bought the attention of the strategy.

There has already china’s presence in Gwadar in Pakistan ,Chittagong in Bangaladesh,Hambantota in Sri Lankha. The perception still remains that China has been trying to occupy India in many ways as possible. Indian analysts feel that the looming threat has been found in naval presence of china and in the s ecurity of India. However in-spite of all these the naval capacity of China may not have a permanent presence in the Indian ocean.

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The nuclear power plant of French Areva has been planning to sell India about six Massive 1650 MWe EPR nuclear power reactors. The nuclear reactor which are for the Jasitapur site which is in Maharashtra and has been under financial difficulties. The financial difficulties which has been having net losses in the year 2011 and place at a well over euro 1 billion. The CEO of Areva Luc Oursel has announced about the losses and the sudden drops in the jobs cuts and sale of over euro 2 billion.

The two billion over assets have been sold till now and from Areva uranium mines sector to compensate the losses.By trading the stock of company there was temporary suspension on the Paris Bourse stated the CEO . The bad news has come out during the difficult time for Areva company and for the nuclear industry as such. After the Fukushima disaster many of the nuclear plants have been under trouble and has been facing a lot of losses.

The flagship of Areva reactor model the EPR has been facing a lot of delay and costs overturn as the future remains dim. The electricity major EDF has been planning to scrap out the third generation EPR for a new design which has been developed along with Guangdong. In case India takes over to purchase the Jaitapur the fiance will become well redundant as for such the EPR has been far criticized. The design of EPR has been too complex and is expensive and difficult to built states another from the Areva industry.