May 31, 1991 |
The music industry might have to abandon the term going platinum to describe a bestselling record. The price of the precious metal plunged yesterday after Nissan said it had invented a cheap way to eliminate platinum in car pollution-control devices. Nissan Motor Corp.'s disclosure that it has developed a platinum-free catalytic converter, the boxlike device that transforms auto pollutants to harmless byproducts, sent the platinum contract for July delivery tumbling by the daily limit of $25 a troy ounce on the New York Mercantile Exchange.
August 5, 2002 |
The jail sentences ended years ago, but the case of Chester County's most infamous white-collar crime lives on. Starting in the late 1980s and continuing until November 1996, five employees smuggled $2.76 million worth of platinum from the Johnson Matthey plant in West Whiteland. They melted it, formed it into bars, wrapped it in duct tape, and walked out with the contraband stashed in the handles of a dolly. Then they recruited middlemen to hawk the bars to precious-metal dealers.
October 9, 1988 |
With gold prices hovering near the $400 level, bullion coin producers are turning to the newly glamorous platinum as an investment hope. GoldCorp. Australia has rushed its platinum Koala into the U.S. market, offering the coin in four sizes. Those coins, with face values of Australian $100, $50, $25 and $15, are sold at the spot price of platinum, plus a premium. Based on early orders, GoldCorp. estimated sales of 100,000 ounces in the first year. In this country, Johnson Matthey has just released its Year of the Dragon platinum bullion medallion.
April 10, 2000 |
A word to the wise: If you're thinking of trying the platinum look at home - and we don't just mean blond, we mean platinum - it's not easy. Take it from Mr. Platinum himself, R&B star Sisqo. "I have the most high-maintenance hair in the business," the singer sighs. Sisqo, known for his glimmering metallic do, describes his labor-intensive grooming routine in the New York Times. "My hair underneath is actually blond," he reveals. "You can't dye it this color. There's no such hair dye as platinum or silver.
July 20, 1989 |
If you're in the mood to buy a solid gold, sculpted doorstop, there aren't a whole lot of places where you can shop. But now there's Douglas Everett, a Chester County artist/entrepreneur who sells that golden doorstop, as well as a number of other items that give the wealthy new ways to spend their excess capital. Everett, who lives in northern Chester County, owns Mystica & Co., which designs and markets a line of decorative hardware and sculptures made of silver, gold and platinum.
February 2, 2012 |
PORTLAND, Maine - A treasure hunter said Wednesday that he had located the wreck of a British merchant ship that was torpedoed by a German U-boat off Cape Cod during World War II while carrying what he claims was a load of platinum bars now worth more than $3 billion. If the claim proves true, it could be one of the richest sunken treasures ever discovered. But an attorney for the British government expressed doubt that the vessel was carrying platinum. And if it was, in fact, laden with precious metals, who owns the hoard could become a matter of international dispute.
September 24, 1997 |
Elton John's "Candle in the Wind 1997" was certified eight-times platinum yesterday, the first day of its U.S. release. The Recording Industry Association of America said the sale of 8 mil copies made the Princess Diana tribute the highest certified single in music history. The record, backed by the song "Something About the Way You Look Tonight," last week was tagged the biggest-selling single of all time in Britain. The tunes are included in John's new album, The Big Picture.
April 13, 2003 |
Rap goes prime-time. Filmmaker Sofia Coppola (The Virgin Suicides) was talking to industry friends, telling war stories about working with rappers that she had heard from her husband, Spike Jonze, the Stanley Kubrick of MTV. Someone pointed out that the outrageous personalities, bitter feuds and sybaritic lifestyle she was describing would make a fascinating TV show. So Coppola, looking for someone with a feel for the material, teamed up with prolific African American writer John Ridley (Third Watch)
October 6, 1998 |
Six defendants will spend terms of at least three months in prison for their part in an elaborate conspiracy that netted $2.75 million in profits through the sale of platinum stolen from a West Whiteland company that manufactures precious metals. Those convicted sat in a quiet and packed courtroom yesterday. Some were with family members, some with friends, one with a priest, as Chester County Court Judge Howard Riley imposed sentences for charges that could have put them in a state prison for more than 10 years.
December 16, 1997 |
Preliminary court hearings were waived yesterday for five of the seven men charged with being part of a theft ring that allegedly stole more than $2.5 million of platinum, and all seven appear headed toward plea agreements. Each defendant faces hundreds of years in prison in the smuggling of the precious metal from Johnson Matthey Inc., an Exton electronics firm. Those who waived their hearings yesterday were: Dennis Walton, 41, a Downingtown Borough Council member; Victor Gabriel, 54, of Downingtown; Webster Hilton, 41, of Downingtown; Gary Burns, 40, of West Chester; and Joseph Clark, 40, of Downingtown.