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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Big Layoffs in Botswana Cutting Industry
Gaborone: The massive retrenchments in the domestic diamond cutting and polishing industry continues unabated as companies reel from the effects of high rough prices and lack of liquidity, reports BusinessWeek. Local cutting and polishing company Diacore has retrenched 50 employees taking the total number of affected workers in the industry to around 1,000 in the past year. At its peak,
Platinum Presents Our Everlasting Love
Mumbai: Platinum Guild International gives couples a unique opportunity to capture their journey of everlasting love through a personalized video. Love is at the heart of every platinum jewellery; as it symbolizes everlasting love. PGI along with Maxus India has created an exclusive microsite – www.oureverlastinglove.in – wherein couples can create montage of special moments they share which makes their
Indian Hallmarking Centres Question WGC’s Data
New Delhi: Gold jewellery hallmarking centres in India have questioned the authenticity of World Gold Council (WGC)’s data on hallmarked jewellery in India, according to various media reports. Releasing a study, “Developing Indian Hallmarking – A roadmap for future growth”, on July 30, the WGC had said, “Since the introduction of hallmarking standard in 2000 by the Bureau of Indian
Zimbabwe Sets Up Diamond Cleaning Facility
Harare: According to Mines and Mining Development Minister Walter Chidhakwa, prices of local diamonds could increase 10-20% per carat as a result of a new system that requires them to be cleaned before auction, and the government has set up the Zimbabwe Boiling Facility to do just that. Not only will the new system improve the value of local diamonds,
GJEPC Insists again to Introduce Presumptive Tax
Mumbai: A 15-member delegation of India’s Gem & Jewellery Export Promotion Council (GJEPC) officials and industry members, led by GJEPC Chairman Vipul Shah, met Hon’ble Mr. Saurabh Patel, Finance Minister, Government of Gujarat, on Sunday November 16th. One of the important issue discussed among others was that of presumptive taxation. For long now, the diamond industry of the country has
'Hand-Holding Makes Relationships Stronger'
New York: Americans believe hand-holding makes relationships stronger, according to a survey conducted by Forevermark as part of its Hold My Hand Forever campaign. The company launched the campaign in October, encouraging couples to share their hand-holding moments on Twitter, Facebook, and Instagram using the #HoldMyHandForever hashtag. The survey found that 94 percent of Americans in a committed relationship believe
Zimbabwe Govt. Shuts Down 11 Gold Mines
Harare: Government has temporarily shut down 11 gold mining companies for non-compliance with mining regulations in a drastic measure to curb gold leakages and increase deliveries. Gold leakages have been cited as a major contributor to the decline in gold sales from 27 tonnes in 1999 to 12 tonnes per year now. Government’s target is to raise gold production levels
GJEPC & US Delegation Discuss G&J Concerns
Mumbai: Mr. Charles Rivkin, Assistant Secretary, Bureau of Economic & Business Affairs, USA, along with a high level delegation held discussions with the key Gem & Jewellery Associations of India on Saturday at the Bharat Diamond Bourse (BDB). The visit aimed at interaction with key associations to understand the current state of Indo-US Gems & Jewellery Trade presented to him
