We Wish to Build Globally Relevant SKY Gold: Akash Talesara
Israel’s Diamond Industry Under Severe Pressure
Did Natural Diamond Ind. Misjudge LGD Threat?
Why Is a Widening Gulf War Lifting Oil but Sinking Gold and Silver?
Macro Snapshot: The week ending 30 October brought the kind of news that once sent buyers into gold. Reuters reported the first known successful limpet-mine strike on a tanker in the Strait of Hormuz since the war began in February, and Houthi forces claimed strikes on Saudi refineries. Washington ordered non-emergency government staff out of Saudi Arabia amid reports that US strikes on Iran could resume after the 3 November midterm elections. Brent rose 13.6% over October, with the expiring
Why Is a Widening Gulf War Lifting Oil but Sinking Gold and Silver?
Macro Snapshot: The week ending 30 October brought the kind of news that once sent buyers into gold. Reuters reported the first known successful limpet-mine strike on a tanker in the Strait of Hormuz since the war began in February, and Houthi forces claimed strikes on Saudi refineries. Washington ordered non-emergency government staff out of Saudi Arabia amid reports that US strikes on Iran could resume after the 3 November midterm elections. Brent rose 13.6% over October, with the expiring
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Botswana Rough Exports -15% in 1H
Gaborone: The value of rough diamonds exports from Botswana’s mines fell 15 percent in the first six months of the year to $1.7 billion, official data showed on Tuesday. Diamond exports contribute 30 percent to the GDP of the southern African nation. But diamond demand has slowed since late 2014 as middlemen who buy rough stones struggle with a stronger
BDB Becomes Exclusive Natural Diamond Area
Mumbai: Bharat Diamond Bourse (BDB) has declared that no person / organization shall promote or trade or be permitted to promote or trade or carry synthetic diamonds / Lab grown diamonds / man-made diamonds within the premises of Bharat Diamond Bourse and hence only “Natural Diamonds” will be traded in the premises of Bharat Diamond Bourse. BDB at its 31st
UAE to Increase Local Jewelry Manufacturing
Dubai: A UAE jeweler has confirmed plans to set up design and productions facilities that will increase the country’s capacity to manufacture locally made jewelry, enabling ‘Made in UAE’ imprint to spread out more in the Gulf and further afield. Malabar Gold & Diamonds, a major retailer, is to open a $20 million (AED75 million) facility at Dubai TechnoPark, which
Amnesty Report on CAR Ignores Antwerp Controls
Antwerp: Despite the fact an Amnesty International team visited the Antwerp World Diamond Centre, including the Antwerp Diamond Office which supervises all imports and exports of diamonds to and from Antwerp, and was able to witness how the strict controls on imports of rough are conducted in Antwerp, the Antwerp World Diamond Centre cannot but conclude the report contains factual
Rio Tinto Celebrates Chow Tai Fook Milestone
Beijing: Diamonds from Rio Tinto’s Argyle mine in Western Australia will be showcased across China in an unprecedented fashion from next month, headlined by a special white and champagne diamond encrusted tiara. The masterpiece, titled “Nature’s Glow”, has been crafted as a tribute to the strategic partnership between Rio Tinto and pre-eminent Chinese jeweller, Chow Tai Fook, on the occasion
ALROSA's President Steps Down
Moscow: On Monday, September 22, Fyodor Andreev stepped down from his president post “due to medical reasons”. Ilya Ryaschin, First Vice President of ALROSA, was appointed the acting President of the company. Company’s shares closed down 2.99% to 37.3 Rub. Later Rosimushchestvo released a press statement saying it “was sorry that Andreev had to leave ALROSA president post due to
IIDGR Displays New AMSD in Greater China
Hong Kong: The De Beers Group of Companies’ International Institute of Diamond Grading & Research (IIDGR) showcased the new Automated Melee Screening (AMS) device to great reception at this September’s Shenzhen International Jewellery Fair and Hong Kong Jewellery & Gem Fair. The new AMS device which can take up to 500 carats at once is a spectrometer based system that
DDE Holding Sale of Rough from Kao Mine
Dubai: The Dubai Diamond Exchange (DDE) is hosting the Fusion/Hennig September Kao rough diamond tender for the first time. It started on September 21 and ends on Wednesday and offers the full run-of-mine production of the Kao mine located in Lesotho. It comprises more than 30,000 carats of rough, encompassing the full range of sizes and assortments, including large and
