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
Multibank is First Fin. Inst. to Secure Office in PGJC
Panama: Panama’s Multibank has become the first financial institution to secure office space in the Phase I building of the Panama Gem & Jewelry Center (PGJC). Providing a range of banking products and services, the Panama City-headquartered bank also has operations in Costa Rica and Colombia, a representative office in Peru, and is the main company in the Multi Financial
NCDIA Elects New President, Board
New York: The Natural Color Diamond Association (NCDIA) has elected new officers and a new board. Jordan Fine, JFine, will serve as group president; Alan Bronstein, Aurora Gems, will serve as vice president; Breanne Wittrock, Gunderson’s, will also serve as vice president; and Jeffrey Post, Gem Platinum, will serve as secretary/treasurer. Also on the board are David Shara, Optimum Diamonds;
Angola to Focus on CAR Challenges as KP Chair
Luanda: Angola, which is set to lead the Kimberly Process Certification Scheme (KPCS) next year, says that it will focus on following up on the situation in Central Africa Republic (CAR) and Venezuela. CAR was temporarily suspended from the KP in May 2013 after a coalition of rebels threw President Francois Bozize out of office. The World Diamond Council (WDC)
Tanzanite Foundation Announces Reorganization
New York: The Tanzanite Foundation has officially announced that it will undergo “structural and operational changes to better align with global tanzanite markets and sightholder expectations,” it explained in a recently released statement. “After a long consultation period with the global industry, the future direction and resource allocation for the Tanzanite Foundation’s education, promotion, and information-distribution programs has been established
The Golden Thread: A Documentary on Gold Launched
Mumbai: The World Gold Council (WGC) has launched its first immersive documentary series showcasing gold’s impact on humanity’s past, present and future. A five-episode series explores the metal’s history, cultural relevance and technological uses. Featuring experts and stories from around the world, exploring gold’s world-changing impact as an engineering super-material, biological instrument, symbolic creative medium and economic pillar. It is
De Beers Announces A New Global Campaign
Mumbai: De Beers announces a new global campaign centred on commitments to ourselves, to one another and the wider world. It marks a fresh, purpose-led brand strategy and new chapter in the company’s 133 year long history. The statement ‘I do.’ is one of the most significant and time-honoured expressions of intent. Deeply emotional and instantly life-changing, it is an
CIBJO Releases Ethics Commission Special Report
Milan: With the 2021 Virtual CIBJO Congress in its second week, the tenth and last of this year’s CIBJO Special Reports has been released. Prepared by CIBJO’s Ethics Commission, headed by Tiffany Stevens, and co-authored by Miya Owens, Associate Counsel at the Jewelers Vigilance Committee (JVC) in the United States, the report looks at the growing challenge of collecting, securing
Cautious Optimism at Close of 2021 KP Plenary
Moscow: The World Diamond Counci (WDC) President Mr. Edward Asscher struck a positive tone in a statement made at end of the Closing Session of the 2021 Kimberley Process (KP) Plenary on November 12, noting that he was encouraged by the KP’s constructive discussions and its welcoming of a Declaration on Supporting Principles for Responsible Diamond Sourcing as Best Practices.
