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 Did Gold & Silver Break Down Just as Fed Hike Bets Faded
Macro Snapshot: The rate backdrop eased during the week ending 23 October, which makes the metals’ slide harder to explain. CME FedWatch odds of a hike at the 27 to 28 October FOMC meeting had settled near one in three on 14 October, after the 3.7% September CPI print, and stood at 9.4% by 23 October. December hike odds slipped from about 90% to close to 80%. The 10-year Treasury yield closed at 5.00% against 5.09% a week earlier, and
Why Did Gold & Silver Break Down Just as Fed Hike Bets Faded
Macro Snapshot: The rate backdrop eased during the week ending 23 October, which makes the metals’ slide harder to explain. CME FedWatch odds of a hike at the 27 to 28 October FOMC meeting had settled near one in three on 14 October, after the 3.7% September CPI print, and stood at 9.4% by 23 October. December hike odds slipped from about 90% to close to 80%. The 10-year Treasury yield closed at 5.00% against 5.09% a week earlier, and
Top News
First Ruby and Pink Sapphire Mine Coming Soon
Vancouver: Canadian junior True North Gems (TSX-V:TGX) is fine tuning details to start building an open-pit mine that will produce ruby and pink sapphire gemstones starting next year and running until at least 2024. The Vancouver-based miner, which began exploration about a decade ago, closed Thursday an $11 million finance package with joint-venture partner LSNG that will finally allow it
More Than 1,000 Attendees Expected For 2nd ZDC
Harare: With just days to go before the start of the Second Zimbabwe Diamond Conference, organizers of the event say 1,000 people are due to take part in the opening session, making it the largest diamond industry conference ever held in the country and one of the biggest in Africa. The focus of the November 6-7 conference, organized by Zimbabwe’s
India May Re-impose Gold Curbs
New Delhi: The government would look at reimposing curbs on gold imports after Diwali as there has been a five-fold jump in inward shipments of the precious metal, which has pushed the trade deficit to an 18-month high, reports Business Today. “Let the festival season be over. I will have a look at it. I don’t want to spoil the
GSI Opens Laboratory in Surat
Mumbai: Gemological Science International (GSI) a full-service, high-tech lab designed specifically to meet the rapidly changing needs of the jewelry industry, has announced the launch of its state-of-the-art laboratory facility at Surat. As a result of growing business and more demand for GSI certification, GSI decided to expand its services by adding another laboratory in Diamond World complex of Surat
P.N. Gadgil Jewellers Bags Three National Awards
Mumbai: P. N. Gadgil Jewellers Pvt. Ltd won three awards at the ‘National Award for Marketing Excellence 2015’, recently held in Mumbai. The award ceremony was hosted by the World Marketing Congress and supported by CMO Asia. The award ceremony marked the magnanimous achievements of the brand under the categories ‘Emerging Brand Award’, for achieving astonishing heights, ‘Brand Revitalization Award’,
Frozen Lava Yields New Diamond Type
Moscow: The Russian Ministry of Science has claimed that scientists there have discovered a new type of diamond. According to a report in the Siberian Times, the diamonds were discovered in the frozen lava of the Tolbachik volcano, which is located on the Kamchatka peninsula in the Far East region of Russian. “The solidified lava of the Tolbachik eruption (2012–2013)
Petra on Track to Become SA’s King of Diamonds
Johannesburg: Petra Diamonds is on track to reach 5-million carats by 2019 as it deepens two key mines in SA, positioning it to overtake De Beers, the largest source of South African diamonds for many decades. De Beers will produce more than 4-million carats this year, but it is in the process of selling its Kimberley tailings treatment operation, its
Zimbabwe Pressurizes Diamond Miners
Harare: The Zimbabwean government has ordered diamond mining companies to present their audited financial statements and sign up to the newly-formed company, the Zimbabwe Consolidated Diamond Company. An emergency general meeting (EGM) had been slated for next month where the audited financial statements would be presented. Harare would have a 50 percent stake in the company while the diamond companies
