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
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Large Diamonds Mined at Stellar’s Site in Guinea
Conakry: Stellar Diamonds, the mining company focused on sites in West Africa has reported that processing of the first kimberlite sample from the Baoulé trial mining project in Guinea has yielded two gen quality diamonds of over 5 carats, one stone more than 3 cts and three diamonds of over 1 carat. It said that this “suggests that Baoulé has
Will Russia be Affected by Possible Sanctions?
Moscow: Possible Western sanctions targeting Russia’s diamond export won’t significantly harm the national economy, says Gokhran head Andrey Yurin. “We are one of the main producers, if we withdraw from Western market the first ones to be damaged are their local companies – they will be out of job,” said Yurin to Rossiyskaya Gazeta. “Besides, we should remember that diamonds
India’s Jewellery Exports Up 36% in September
Mumbai: September was a good month for Indian exporters with significant increases in the exports of cut & polished diamonds and gold jewellery (plain & studded), the two largest segments in the g & j sector. Exports of cut & polished diamonds from the country during the month were up 11.19% year on year to US$ 2,663.66 mn from US$
Petra Sells 232-Ct. Rough Diamond for $15M
London: Petra Diamonds Ltd. sold an exceptional 232.08-carat white diamond that was recovered from the Cullinan mine in South Africa in September to Diacore for $15,219,219 or $65,577 per carat. Johan Dippenaar, the CEO of Petra Diamonds, said, “We are delighted to have achieved the sales result for this exceptional white stone, which is an outstanding example of the very
Zim has Info on Diamonds Hidden By De Beers
Harare: Zimbabwean President Robert Mugabe said his government has managed to obtain information on the diamond sector that had been hidden by De Beers. Speaking in a wide-ranging interview with the state broadcaster, Mugabe who recently turned 91, said “clever people” had stolen the papers and gave them to Harare. “We know of diamonds that had been discovered by De
Gold Scheme Can Fetch Rs. 1 Lakh Crore: SBI
Mumbai: Describing the proposed gold deposit scheme as game changer, the SBIs economic research department has said it will help attract at least Rs. 1 lakh crore in deposits on the precious metal, reports The Economic Times. The proposed introduction of a gold deposit scheme is a big positive and conservative estimates show that the monetary value of gold deposits
Gemfields’ Auction Totals $14.5 Million
London: Gemfields’ latest auction of emerald and beryl has raised $14.5 million. The gemstone miner announced that the average price realized in the auction of stones from Kagem was $3.72 per carat, which it says was a new record for lower quality auctions. Of the 10.1 million carats that were offered for sale in Lusaka, 3.9 million carats were sold
Industry Disappointed with India's Budget
Mumbai: Mailbox of the gems2jewellery.com has been flooded with reactions of trade bodies and industry leaders expressing their ‘unhappiness’ over the latest budgetary proposals made by the Union Finance Minister Mr. Arun Jaitley. Here we produce them under one compiled news item: Mr. Vipul Shah, Chairman of the Gem & Jewellery Export Promotion Council (GJEPC) says: Our congratulations to the
