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
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Diamond Circle Launches First Bitcoin ATM
Brisbane: Bitcoin ATM maker Diamond Circle has installed its first kiosk at a cafe in Queensland, Australia. The new unit is located at the Bluff Cafe at Burleigh Heights, by the Gold Coast’s Surfers Paradise. The company describes its machine, unveiled earlier this year, as the first “cashless bitcoin ATM” kiosk to hit the market. The Diamond Circle ATM works
Gold Smuggling into India Hits New Record Highs
Mumbai: Customs officials at India’s main airports are failing to curb the increasing number of gold smuggling cases, as about 50 tonnes of the precious metal reportedly made it into the country only in the past 10 days. According to a report in the Hindustan Times earlier this week, the peak is tied to the seasonal increased demand related to
India’s Two Biggest Diamonds to Be Auctioned
Bhopal: National Mineral Development Corporation (NMDC) of India may take two of its biggest ever diamonds, produced from Panna mines in Madhya Pradesh, for auction in Belgium after having failed to get potential buyers despite repeated attempts, reports The Times of India. Last auction was held in Panna district, which concluded on Wednesday. Panna diamonds – a 37.68 carat and
'Ship of Gold' Recovered
New York: Some 15,500 gold and silver gold coins, 45 gold bars, and 61 pieces of gold jewelry have been recovered from the SS Central America, the famed Ship of Gold that sank in 1857. Odyssey Marine Exploration, the Tampa, Fla.–based company that earlier this year won the right to excavate the doomed vessel and keep 45 percent of the
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
