We Wish to Build Globally Relevant SKY Gold: Akash Talesara
Israel’s Diamond Industry Under Severe Pressure
Did Natural Diamond Ind. Misjudge LGD Threat?
A Surging Rupee Tripled Gold’s Global Loss in India as Silver Broke Down
Macro Snapshot: The Reserve Bank of India changed the domestic arithmetic before trading opened on 12 October. On 10 October it announced a special window to meet the entire daily dollar requirement of Indian Oil, Bharat Petroleum and Hindustan Petroleum directly from its reserves, taking a large block of import demand out of the spot market. The central bank also tightened rupee derivative rules, imposing a 20% Foreign Exchange Risk Reserve on eligible contracts above $2 million and barring the
A Surging Rupee Tripled Gold’s Global Loss in India as Silver Broke Down
Macro Snapshot: The Reserve Bank of India changed the domestic arithmetic before trading opened on 12 October. On 10 October it announced a special window to meet the entire daily dollar requirement of Indian Oil, Bharat Petroleum and Hindustan Petroleum directly from its reserves, taking a large block of import demand out of the spot market. The central bank also tightened rupee derivative rules, imposing a 20% Foreign Exchange Risk Reserve on eligible contracts above $2 million and barring the
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Antwerp Diamond Industry Second Quarter Figures
Antwerp: The figures from the first half of 2015 show that the Antwerp diamond industry traded fewer rough diamonds from January through June in comparison to last year. The trade figures for polished diamonds paint a more positive picture. Rough diamond trade: The trade figures for rough diamonds are in line with the figures from the first quarter of 2015.
HRD Discovers Hard-To-Detect Synthetic Rough
Antwerp: Producers are now able to create synthetic rough diamonds in shapes identical to natural rough diamonds, HRD Antwerp reported on Friday. Until now, synthetic rough diamonds could be identified by their shape, either cubo-octahedral if produced using the high-pressure high-temperature (HPHT) technique or a plate structure if produced using chemical vapor deposition (CVD). HRD lab says synthetic rough diamonds
ABN Amro Sponsors Jewelry Industry Summit
New York: ABN Amro Bank signed on to sponsor the upcoming Jewelry Industry Summit, which is scheduled for March 10 to 13, 2016 in New York City. The event’s first corporate sponsor was the JA New York Show. The Jewelry Industry Summit is designed as an interactive workshop meant to drive discussions on sustainability and responsible sourcing. Event organizers anticipate
IDW Unites Four Centres on One Floor
Ramat Gan: During the first week of upcoming September, the trading floor of the Israel Diamond Exchange (IDE) will witness a unique phenomenon: members of diamond bourses from the world’s four leading diamond centers – Antwerp, Mumbai, New York and Ramat Gan – will be trading together during the Summer Edition of the International Diamond Week in Israel (IDWI). “Luckily,
International Diamond Week Postponed
Ramat Gan: The Israel Diamond Exchange announced today it is postponing the summer edition of the Israel Diamond Week, originally scheduled for September 1-4. The exchange quoted the continuing tensions in the region as the chief reason for the postponement. In a statement IDE President Shmuel Schnitzer said that “in view of the recent events in our region, the board
Limited-Edition Gold and Diamond Ingots for Sale
Toronto: Ouroboro Diamonds of Rare Color has announced the release of the “Oro,” a limited-edition gold and diamond ingot. The “Oro” is made from one troy ounce of 24-karat (99.99% or .9999) pure yellow gold. Each ingot has a round, brilliant-cut, D-color, Internally Flawless diamond of at least 0.25 carats – certified by the GIA – embedded at its center.
Zimbabwe Eyes More Antwerp Diamond Auctions
Harare: Zimbabwe is set to conduct diamond auctions in Antwerp, Belgium, before it convenes its own domestic exchange in November this year. The Herald newspaper quoted mines and mining development minister Walter Chidhakwa as saying that Harare was looking at one or two auctions in Antwerp between now and November. He also said that the planned local auction would coincide
India's Silver Demand Down by 75%
Mumbai: The demand for Silver in India has fallen rapidly since the start of the current fiscal year, said Indian Bullion and Jewellers Association (IBJA) in its latest report. The association cites scarce monsoon and buoyant stock markets as the key factors that led to the sudden drop in demand for Silver in the country, reports metal.com. The country’s silver
