We Wish to Build Globally Relevant SKY Gold: Akash Talesara
Israel’s Diamond Industry Under Severe Pressure
Did Natural Diamond Ind. Misjudge LGD Threat?
Despite Collapsing Hike Odds, Rising Yields Kept Indian Gold, Silver Below Their Floors
Snap Shot: Most of the damage in the week ending 2 October landed before the good news arrived, and the good news then failed to repair it. August core PCE inflation, released on 30 September, rose 3.0% from a year earlier against expectations of 3.3%, helped partly by methodology changes at the Bureau of Economic Analysis. September payrolls on 2 October then added just 29,000 jobs against forecasts near 90,000, with unemployment at 4.2% and August revised down to 133,000
Despite Collapsing Hike Odds, Rising Yields Kept Indian Gold, Silver Below Their Floors
Snap Shot: Most of the damage in the week ending 2 October landed before the good news arrived, and the good news then failed to repair it. August core PCE inflation, released on 30 September, rose 3.0% from a year earlier against expectations of 3.3%, helped partly by methodology changes at the Bureau of Economic Analysis. September payrolls on 2 October then added just 29,000 jobs against forecasts near 90,000, with unemployment at 4.2% and August revised down to 133,000
Top News
Finally, Murowa Diamonds Closes Down
Harare: RioZim Ltd., which controls a 22 percent shareholding in Murowa Diamonds, has announced that it is mothballing the company and the Murowa mine, located in Zimbabwe’s Midlands. The mine was technically grounded in the first quarter of this year, but it was thought that production would recommence at some point in the last quarter of the year. In June,
Argyle Diamonds Collaborates with Chow Tai Fook
Beijing: Rio Tinto’s spectacular diamonds from its Argyle diamond mine in Western Australia are the centre-piece of a unique collaboration to celebrate five years of partnership with China’s premier diamond jewellery company Chow Tai Fook. The Chow Tai Fook Sunshine jewellery collection comprising a range of contemporary rings, earrings and pendants using beautiful white and champagne Argyle diamonds, were showcased
Rio Tinto to Lower Diamond Production
Perth: Rio Tinto will cut back its production of diamonds this year and focus on bringing more affordable jewellery to the Chinese market as ample supply and waning demand for the precious gemstones weigh on prices, writes Financial Review. The miner announced on Friday it would “pause final product processing in the fourth quarter at Argyle in light of current
Dramatic Fall in Zimbabwe’s Diamond Production
Harare: Zimbabwe’s mines minister Walter Chidhakwa said the fall in the production of diamonds in the country over the past years has been “dramatic” and he is not “so sure we have a diamond sector” at the moment. Diamond output in the country had been on a downward trajectory as alluvial miners in Marange claimed that their concessions had run
WFDB Accepts Canada and S. Korea as New Members
Antwerp: The World Federation of Diamond Bourses (WFDB) has accepted the applications for membership of two bourses – the Canada Diamond Bourse and the South Korean diamond exchange. WFDB members approved the applications at the 36th World Diamond Congress in Antwerp which opened yesterday. The Congress is the bi-annual meeting of WFDB and the International Diamond Manufacturers Association (IDMA). The
Diamond Mfrg. Industry Fighting for Survival: IDMA
Antwerp: “Diamond manufacturers worldwide are fighting for their survival. They are caught between – and battered by – the proverbial hammer, a rough diamond supply system that is foul and faulty – and the anvil, a vertically integrated financial structure that basically continues to bleed them,” Maxim Shkadov, president of the International Diamond Manufacturers Association (IDMA), the representative body of
Gold Prices Unlikely to Settle due to Iraq Tensions
Mumbai: With the turmoil in Ukraine almost gone from the headlines, gold’s status as a hard asset and storer of wealth in times of trouble lost some of its shine. But as Iraq spirals into all-out war and the US looks in danger of being pulled back into a conflict it has spent the last six years extricating itself from,
122.52 Carat Blue Diamond Found at Cullinan
Johannesburg: In what is shaping up to be one of most the amazing diamond finds in recent times, a 122.52 ct. blue diamond—the size of a walnut—has been discovered at the Cullinan mine in South Africa, said mine owner Petra Diamonds. Blue diamonds are ultrarare, as are stones weighing more than 100 cts.—making this, as Petra puts it, a “truly
