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
Zimbabwe Miners ‘Afraid of Saying No’ to Merger
Harare: Some diamond miners operating in Zimbabwe are said to be “afraid of saying no” to the proposed merger of their operations, according to a report published in Rough & Polished. Zimbabwe recently announced plans to merge all six diamond mining operations in Marange as well as Rio Tinto’s Murowa and DTZ-OZGEO into one firm in which the State would
Platinum Becomes Cheaper Than Gold
Mumbai: As platinum becomes cheaper than gold, demand for platinum jewellery is zooming in the Indian market. Platinum jewellery retailers said that in February and March, demand shot up 40-50% and this trend is likely to continue in the upcoming wedding season that kicks off next month. Platinum price is currently hovering around Rs 26,300 per 10 gm as compared
Antwerp Police Commissioner Arrested
Antwerp: The Antwerp Federal Police Commissioner and head of the Diamond Squad, Agim De Bruycker, has been arrested and held on suspicion of money laundering after the discovery of diamonds and gold worth €50,000 ($55,000) in his home. According to reports in the Belgian press, the commissioner declined to explain how he had obtained the large amount of diamonds and
Asia's First Diamond Grading Institute in Surat
Surat: It is going to be a big day for the Indian diamond industry. De Beers, the diamond mining giant of the world, will inaugurate its second and Asia’s first state-of-the-art International Institute of Diamond Grading and Research (IIDGR) in the diamond city on March 31. De Beers Group CEO, Philippe Mellier and the who’s who of the Indian diamond
GJF to Get Council Status Soon
Mumbai: The All India Gems and Jewellery Trade Federation (GJF) expects to receive the status of council within the next two to three months, reports Business Standard. The federation said it would be easy to represent issues faced by gems and jewellery industry before government after receiving the status of the council. “We have already asked the concerned ministry in
GIA Considering Second India Lab
Mumbai: With its Mumbai grading lab taking more than four months to grade and return clients’ diamonds, the Gemological Institute of America may open a facility in the Indian manufacturing hub of Surat. A GIA release said it will “study the feasibility” of a second India lab, which would be the GIA’s 10th worldwide. It did not provide a possible
Platinum Strike Deal Edges Closer
Johannesburg: Labour negotiations at South Africa’s PGM mines are edging closer to a resolution as talks mediated by a ministerial task team continue. July platinum softened for a fifth session in a row on Wednesday to $1,433 an ounce and is down sharply from the $1,493 level less than two weeks ago over renewed hopes for an end to the
De Beers Signs $37M Deal for BT Networking
Gaborone: The De Beers Group selected BT for a range of IT and networking services with a six year contract and at a cost of $37 million. BT will orchestrate IT services across 70 De Beers locations, including exploration and mining sites, drawing on capabilities of the BT Connect portfolio that provides fiber optic, microwave and satellite linkages, as well
