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 Did Gold & Silver Break Down Just as Fed Hike Bets Faded
Macro Snapshot: The rate backdrop eased during the week ending 23 October, which makes the metals’ slide harder to explain. CME FedWatch odds of a hike at the 27 to 28 October FOMC meeting had settled near one in three on 14 October, after the 3.7% September CPI print, and stood at 9.4% by 23 October. December hike odds slipped from about 90% to close to 80%. The 10-year Treasury yield closed at 5.00% against 5.09% a week earlier, and
Why Did Gold & Silver Break Down Just as Fed Hike Bets Faded
Macro Snapshot: The rate backdrop eased during the week ending 23 October, which makes the metals’ slide harder to explain. CME FedWatch odds of a hike at the 27 to 28 October FOMC meeting had settled near one in three on 14 October, after the 3.7% September CPI print, and stood at 9.4% by 23 October. December hike odds slipped from about 90% to close to 80%. The 10-year Treasury yield closed at 5.00% against 5.09% a week earlier, and
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Crisis Worsens: De Beers Allowing Large Deferrals
Gaborone: In an unprecedented move and a sign of the diamond industry’s deepening crisis, De Beers is letting sightholders put off buying up to 75 percent of their allocations at its August sight, reports jckonline. This comes amid several reports of defaults in the Indian industry, including reported problems at one substantial company, Godhani Gems. There are also reports of
CIBJO welcomes publication of ISO Int'l Standard
Milan: CIBJO has welcomed the publication of ISO International Standard 18323, entitled “Jewellery – Consumer confidence in the diamond industry,” which specifies a set of permitted descriptors for the diamond industry that are designed to be understood by consumers. The new ruling by the International Standards Organization explicitly defines a diamond as having been “created by nature” and further notes
Rajesh Exports Acquires Largest Gold Refinery
Mumbai: Valcambi is the world’s largest precious metal’s refining company headquartered at Switzerland. Valcambi has processed and sold 945 tons of Gold and 325 tons of Silver on an average per year during the last three financial years which is more than the annual consumption of gold in India. Valcambi refinery is London Bullion Market Association (LBMA) accredited and Valcambi
Gold Prices May Fall to Rs. 23,000 in a Month
Mumbai: Gold prices are expected to come down to a low of Rs 23,000 per 10 grams on continuing worries over interest rate hikes by the Federal Reserve and a stronger US dollar. “The gold remains bearish and the prices are likely to decline to Rs 23,000-23,500 per 10 grams in a week to month time. This is mainly because
Diamond Cluster Found in Anantapur, India
Hyderabad: Another kimberlite pipe, possibly diamond bearing, has been found in Anantapur district during exploration by experts from National Mineral Development Corporation (CNMCD) and Hyderabad based National Geophysical Research Institute (NGRI), reports Deccan Chronical. It is the seventh kimberlite pipe to be discovered in the Kalyandurg cluster of Anantapur district and has been labeled KL-7. Most diamonds are mined from
India’s Jewellery Exports More than Double this Year
Mumbai: The gold jewellery exports from India recorded significant surge of 114.67% year-on-year to $3,764.48 Million (Rs. 22,786.77 crore) during the period from April to November this year. Also, the exports of silver jewellery picked up significantly by 28.79% year-on-year to $1,310.54 Million (Rs. 7,951.80 crores) during the eight-month period, in accordance with the latest data released by the Gems
India to Introduce Alfa-Numeric Code for Jewellery
New Delhi: The central government is “actively considering” introduction of a nine-digit alphanumeric identity code for every jewellery item manufactured in India, to fix purity and traceability, reports Business Standard. The code is proposed to be encrypted on every ornament. The major aim is to protect consumers from being duped, through tracing of the origin, certifying and assaying of ornaments.
Gahcho Kué and Deninu Kué First Nation Sign IBA
Gaborone: De Beers Canada Inc. (De Beers) and Mountain Province Diamonds have entered into an Impact Benefit Agreement (IBA) with the Deninu Kué First Nation for the proposed Gahcho Kué diamond mine, a joint venture between De Beers (51%) and Mountain Province Diamonds (49%) located 280 km’s northeast of Yellowknife, Northwest Territories. De Beers is the Operator of the Gahcho
