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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Silver Prices May Fall again in 2015
London: The per-ounce price of silver is expected to decrease this year as the dollar continues to strengthen and investments move out of the commodities sector. However, the metal could end the year on a strong note, according to the National Jeweler. In an email to the news portal, London-based analyst Andrew Leyland, manager of precious metals demand at Thomson
De Beers Begins New Sightholder Contracts
Gaborone: The De Beers Group of Companies today began its 2015-2018 Global Sightholder Sales (GSS) contract period. In addition to the 84 Sightholders, the company also added two companies to its newest client category, the Accredited Buyers, reports idexonline. While Sightholders qualify for term contract supply (provided via the Intention to Offer or ITO planning process), Accredited Buyers can purchase
Grading Standards on Focus at CIBJO Congress
Milan: Representatives of leading gem laboratories will join diamond, gemstone and jewellery industry leaders in Salvador, Brazil, on May 6, for a special conference on the first day of the 2015 CIBJO Congress, which will focus specifically on the standards and practices used by grading laboratories in the industry, and the quality of the grading reports they produce. More specifically
Antwerp Diamond Industry Prepared for More Taxes
Antwerp: The AWDC has taken note of the government decision to introduce a tax system calculated on a lump-sum basis. “Diamantaires are willing to pay higher taxes in exchange for financial predictability and legal certainty”, said Ari Epstein, CEO of the Antwerp World Diamond Centre. Under the new tax system, diamantaires would be taxed according to a fixed percentage of
India Diamond Week from Jan. 12
Mumbai: In less than one week, the Diamond Dealers Club (DDC) of New York, in conjunction with the Gem & Jewellery Export Promotion Council (GJEPC), will host its second edition of India Diamond Week on the DDC trading floor in Manhattan. “Due to the success of our first India Diamond Week in August, we decided this is the ideal time
Easier Access to System of Warranties Guidelines
New York: The World Diamond Council (WDC) has announced an update to the WDC web site to provide easier access to the System of Warranties guidelines. The System of Warranties (SoW) is a voluntary system of industry self-regulation created to support and strengthen the Kimberley Process Certification Scheme. The SoW is a cornerstone of the WDC, whose goal is to
India Plans Strategy to Import Gold
New Delhi: Union commerce ministry has called a meeting of gold jewellery exporters and domestic players to discuss issues related to supply of gold on Wednesday 7 January. Sources said that the government invite says that the meeting is being called to discuss how to ensure consistent and uninterrupted supply of gold to gold jewellery exporters, however it is quite
Israel’s Diamond Exports Rose Slightly in 2014
Ramat Gan: In 2014, the Israeli Diamond Industry maintained its export achievements of 2013, with a slight rise of $160 million in total polished and rough exports, according to figures published by Israel Ministry of Economy’s Diamond Controller Shmuel Mordechai. Israel’s total combined exports of polished and rough diamonds stood at $9.324 billion in 2014, compared to $9.166 billion in
