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 Global Losses & Firmer Rupee, Indian Gold & Silver Held Their Floors
Macro Snapshot: The selling that pushed both metals lower in the week ending 25 September came from the American bond market rather than from any bullion-specific news. S&P Global’s flash survey on 23 September put its composite output index at 58.4, the strongest reading since July 2021, with services at 58.7 and manufacturing at 56.7. On the same morning, Federal Reserve Governor Michael Barr said further policy adjustments were likely to be needed to return inflation to target. A poorly
Despite Global Losses & Firmer Rupee, Indian Gold & Silver Held Their Floors
Macro Snapshot: The selling that pushed both metals lower in the week ending 25 September came from the American bond market rather than from any bullion-specific news. S&P Global’s flash survey on 23 September put its composite output index at 58.4, the strongest reading since July 2021, with services at 58.7 and manufacturing at 56.7. On the same morning, Federal Reserve Governor Michael Barr said further policy adjustments were likely to be needed to return inflation to target. A poorly
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India Unlikely to Put Fresh Curbs on Gold Imports
New Delhi: India is unlikely to put any fresh restrictions on gold imports, as the inward shipments have fallen sharply this month despite the recent easing of some curbs by RBI, reports Business Line. In the first fortnight of December, gold imports have fallen to about 25 tonnes from 150 tonnes during entire November. In December 2013, gold imports stood
Will China Overtake India in Diamond Mfg?
Beijing: India’s long-held position as the world’s top diamond polisher is being challenged by soaring output from China, compelling the south Asian country to seek help from ally and top rough diamond supplier Russia to defend its market share. India has traditionally relied on the middlemen in trading hubs of Antwerp, Tel Aviv and Dubai for its supply of rough
ALROSA Wins Auction on Molodo Diamond Deposit
Moscow: OAO Nizhne-Lenskoye, an ALROSA subsidiary, won an auction for the license to explore and develop the diamond placers near Molodo River in the Sakha (Yakutia) Republic. OAO Nizhne-Lenskoye offered 51.776 million rubles for the licence to commence operations at the deposit. The starting price was 43.147 million rubles. The offering is subject to the approval of the Government of
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
Hardest Synthetic Diamond Ever Made Unveiled
Beijing: Chinese researchers from Yanshan University have created a synthetic diamond harder than its natural counterpart and able to withstand even hotter temperatures, according to a report published in mining.com The team, led by Yongjun Tian, says the new form of diamond could be used to make superior cutting or crushing tools, capable of operate under very extreme conditions. The
'Presidents Forum' Formed
Antwerp: The heads of the jewellery and diamond industry’s four leading international representative bodies have agreed on Tuesday to establish “The Presidents Forum,” which is a joint consultative committee with its members being the presidents of each organization. Together they will discuss and formulate coordinated strategies and policies for the industry on important issues of common interest. Hosted by Dr.
First Texas-Israel Diamond Show in September
Ramat Gan: This fall strategic cooperation between the Texas Jewelers Association (TJA) and the Israel Diamond Institute (IDI) will produce the first Texas-Israel Diamond Show in San Antonio from September 29 – 30, 2014. This is the first time that jewelers in Texas and surrounding states will be offered the opportunity to buy diamonds directly from the source. The unique
India Hikes Import Tariff Value on Gold, Silver
New Delhi: The Indian government yesterday hiked import tariff value on gold and silver to USD 411 per 10 grams and USD 632 per kg as global prices have increased in the wake of escalating violence in Iraq. In the first fortnight of this month, tariff value on imported gold stood at USD 408 per 10 grams and silver at
