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
Top News
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
RJC Appoints Edward Asscher as Vice Chairman
New York: The Responsible Jewellery Council (RJC), the leading standards organisation of the global jewellery and watch industry, announced that its board of directors had appointed Edward Asscher as its Vice Chairman, and appointed Marianne Zani to its board. Each received unanimous approval by the board at its meeting in London on 6th October, the first in-person board meeting since
Gemfields to Auction Emerald Kafubu Cluster
Lusaka: Gemfields is offering the Kafubu Cluster emerald cluster weighing 37,555-gram (187,775 carats) at its ongoing emerald auction, with viewing and bidding closing on 17th November. Given its size and quality, it is likely that the Kafubu Cluster will be the most expensive single emerald piece ever sold by Gemfields. Discovered at the Kagem emerald mine in Zambia in March
India’s Q3 Gold Jewellery Demand +17% to 146.2 Tonnes
Mumbai: India’s gold demand for Q3 2022 grew 14% to 191.7 tonnes as compared to 168 tonnes in Q3 2021, according to the World Gold Council’s (WGC’s) latest Gold Demand Trends report. India’s total Q3 2022 gold demand in value terms was ₹85,010 crore, up by 19% as compared to Q3 2021 (Rs 71,630 crores). Mr. Somasundaram PR, Regional CEO, India, World
Sebi Bars Mehul Choksi for 10 Years
Mumbai: Sebi on Monday barred fugitive businessman Mehul Choksi from the securities markets for 10 years and imposed a fine of Rs. 5 crore on him for indulging in fraudulent trading in the shares of Gitanjali Gems Ltd. He has been directed to pay the penalty within 45 days, according to the Securities and Exchange Board of India (Sebi) order.
