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
Platinum Supply Declined by 27%
Johannesburg: Platinum is set to see a global shortfall of 885,000 ounces in 2014, 27 percent more than in 2013, according to a quarterly report by World Platinum Investment Council (WPIC). The sharp drop in supply comes mainly from a 31 percent fall in mining supply from South Africa, largely attributed to the five-month strike which hit the South African
Chow Tai Fook Celebrates 85th Anniversary
Beijing: Chow Tai Fook Jewellery Group Ltd., a world-class leading jeweler with 85 years of heritage, on November 28, staged its finale anniversary celebration with a special high jewellery show and exhibition. Hosted by Dr. Henry Cheng, the group’s chairman, the celebration gala drew luminaries from the worlds of jewelry, fashion, business and media. At the gala night, Chow Tai
ZMDC Asked to Publish Financial Statements
Harare: Government of Zimbabwe has given a directive to the Zimbabwe Mining Development Corporation to publish its financial statements in a bid to ensure transparency and accountability. ZMDC is a State-owned mining company which has investments in most of the major mining sub-sectors in the country, as reported by The Herald. The ZMDC, a state-owned entity that is under U.S.
India may Review Gold Import Norms
Mumbai: Reserve Bank of India (RBI) Governor Raghuram Rajan said the decision to scrap a rule mandating traders to export 20 percent of all gold imported into the country was a “reasonable” one and the government will review its gold import policies. The RBI held interest rates steady as widely expected at its policy review on Tuesday, but said it
Are Platinum Prices Manipulated?
New York: A family run jewellery firm has issued a legal notice against major banking corporations for their alleged involvement in the rigging of metals contracts. Modern Settings has filed a class action lawsuit against banking giants Goldman Sachs, HSBC and Standard Bank. They were joined by chemical company, BASF, alleging manipulation of benchmarks used to set the price of
Chow Tai Fook Exploring Diamond Mine Acquisitions
Beijing: Chow Tai Fook Jewellery Group Ltd. (1929) is considering acquiring stakes in diamond mines to secure long-term supply of the gems as it targets growing demand for diamond jewelry in China, reports Bloomberg.com. Several mines around the world have asked Chow Tai Fook to invest, and the company has looked at some Canadian ones, Executive Director Adrian Cheng said
New Surat Diamond Bourse to Come up at Khajod
Surat: The most awaited project of proposed Surat Diamond Bourse has recently got a fillip as the Gujarat government has principally agreed to allot a plot at Khajod, said Mr. Pravin Nanavati, the former president of Southern Gujarat Chamber of Commerce & Industry (SGCCI). The proposed bourse would be spread over 300 acres plot and probable the largest in the
Surat to Become Diamond Trading Centre Soon
Surat: The Union government has given an in-principal approval to India’s first ‘diamond notified region’ in the diamond city of Gujarat. This will enable diamond mining companies from across the world to set-up rough diamond trading offices for direct trading with companies based in Surat and Mumbai, reports The Times of India. A delegation of Gujarat government met the Union
