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 Global Losses & Firmer Rupee, Indian Gold & Silver Held Their Floors
Macro Snapshot: The selling that pushed both metals lower in the week ending 25 September came from the American bond market rather than from any bullion-specific news. S&P Global’s flash survey on 23 September put its composite output index at 58.4, the strongest reading since July 2021, with services at 58.7 and manufacturing at 56.7. On the same morning, Federal Reserve Governor Michael Barr said further policy adjustments were likely to be needed to return inflation to target. A poorly
Despite Global Losses & Firmer Rupee, Indian Gold & Silver Held Their Floors
Macro Snapshot: The selling that pushed both metals lower in the week ending 25 September came from the American bond market rather than from any bullion-specific news. S&P Global’s flash survey on 23 September put its composite output index at 58.4, the strongest reading since July 2021, with services at 58.7 and manufacturing at 56.7. On the same morning, Federal Reserve Governor Michael Barr said further policy adjustments were likely to be needed to return inflation to target. A poorly
Top News
IDW in New York– Unique Diamond Sourcing Opportunity
Ramat Gan: The third edition of the Israel Diamond Week in New York, to be held November 10-13, 2014, is the last-stop-station for diamond buyers toward the holiday season, and, in the words of Reuven Kaufman, President of the Diamond Dealers Club of New York (DDC), “a grand opportunity to stock up on polished diamonds” The event, held on the
Zimbabwe’s Diamonds Seized in Belgium
Harare: Zimbabwe risks losing 45 million U. S. dollars diamond revenue from Belgium after a South African company sued for wrongful cancellation of its platinum mining agreement with a Zimbabwe state mining firm in 2010, state media reported Thursday. Zimbabwe began trading its diamonds in Antwerp in November last year after the European Union lifted sanctions on the Zimbabwe Mining
EGL Int’l: No Single Diamond Grading Standard Exists
Ramat Gan: There is no single international standard for diamond grading, said Israeli lab EGL International in a statement in response to recent actions by trading networks. “With regard to the Rapaport Group’s decision to delist diamond grading reports of EGL and that it views GIA as the industry standard…the use of the term standard suggests that such a standard
Global Diplomats Tour Antwerp’s Diamond Sector
Antwerp: On Wednesday, 150 diplomats descended upon Antwerp. In the context of the Diplomatic Day, organized by the City of Antwerp, they visited the Antwerp World Diamond Centre. Diamond Office, the beating heart of AWDC, attracted a lot of interest. Just like diamonds, diplomats travel around the world. Wherever they go, they transmit their knowledge. As diamonds are one of
DDE Holding Sale of Rough from Kao Mine
Dubai: The Dubai Diamond Exchange (DDE) is hosting the Fusion/Hennig September Kao rough diamond tender for the first time. It started on September 21 and ends on Wednesday and offers the full run-of-mine production of the Kao mine located in Lesotho. It comprises more than 30,000 carats of rough, encompassing the full range of sizes and assortments, including large and
Gemfields Records $16M Profit
London: Gemfields plc. reported that revenue rose to $160.1 million for the fiscal year that ended on June 30, far surpassing revenue of $48.4 million one year earlier. The integrated gemstone mining company’s profit surged to $16.3 million compared with a loss of $22.8 million. Gemfields held cash of $36.8 million on June 30 and it estimated that inventory on
Zac Posen & Fabrikant-Tara Int'l Sign Partnership
Mumbai: Zac Posen, luxury apparel and accessories brand, and Fabrikant-Tara International, luxury diamond and gemstone wholesale company have announced their partnership to create a new collection of handcrafted fine Jewellery. The collection, scheduled to launch in Fall 2014, will be infused with the signature Zac Posen modern American glamour and detailed craftsmanship that the brand embodies. The collection will focus
Rio Tinto’s Red & Pink Diamonds Tender in HK
Hong Kong: Rio Tinto’s iconic annual Argyle Pink Diamonds Tender, comprising the best of a year’s production of extremely rare red and pink diamonds, is being hosted in Hong Kong during the final leg of a global showcase tour. Almost the entire world supply of rare pink diamonds comes from Rio Tinto’s Argyle diamond mine in the remote east Kimberley
