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
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Four Leaders Join Board of Directors of PDE
Panama: The Panama Diamond has announced that four key leaders of the international diamond and jewelry industries have joined the Board of Directors of the Panama Diamond Exchange. They are Roberto Coin, the world renowned Italian jewelry designer and manufacturer; Maxim Shkadov, President of the International Diamond Manufacturers Association; Shmuel Schnitzer, President of the Israel Diamond Exchange; and Reuven Kaufman,
India's Gold Jewellery Imports Jump 10% in Q1
Mumbai: India’s gold jewellery imports surged 10 per cent to Rs. 696.44 crore in the first quarter of this fiscal as high premium on the yellow metal following tough import norms forced traders to get finished jewellery from abroad, the Gems and Jewellery Export Promotion Council (GJEPC) has said. However, import of gold bars declined marginally by 3.32 per cent
More Than 200 Buyers Registered for Diamond Week
Ramat Gan: More than 200 foreign buyers are registered already for participation in the International Diamond Week (IDW) that will be held September 1-4 at the Israel Diamond Exchange (IDE). They will come face-to-face with more than 350 diamond firms which will exhibit their diamond stocks in the IDE’s trading hall. Since the IDW is a joint effort of the
KP Wants Firm Action on CAR Conflict Diamond Trade
Shanghai: Kimberley Process Certification Scheme members are upset by reports that conflict diamonds being extracted in the Central African Republic and are finding their way into the legitimate global diamond trade. After an inter-sessional meeting in Shanghai in June, the KPCS resolved to take action to stem the spillover of diamonds from the CAR, Israelidiamond.co.il reported. The KPCS determined that
WFDB Emphasizes Wider Transparency in Trade
Antwerp: The World Federation of Diamond Bourses (WFDB) has taken further steps to refine its strategy going forward at its Asia Summit held in Seoul where presidents were hosted by the Korea Diamond Bourse. The WFDB’s Executive Committee agreed on internal changes, as well as steps regarding increasing transparency in trading and generic marketing by the global diamond trade. The
Antwerp Rough Trade Takes Upturn in February
Antwerp: 2015 was a difficult year for the global diamond trade. Poor economic conditions caused diamond demand to slow worldwide. Antwerp, the largest diamond trade hub in the world, did not escape the downturn unscathed. The February trade figures, however, show the first signs of recovery. The diamond trade has taken an upturn. Last month (February 2016), a total of
GJEPC Invites JCK Las Vegas Participation
Mumbai: India’s Gem & Jewellery Export Promotion Council (GJEPC) in its endeavor to promote the exports through exhibitions, is organizing joint participations under India Pavilion at premier Jewellery Exhibitions like JCK Las Vegas (USA), Vicenza Oro (Italy), Vicenza Oro (Dubai) Hong Kong Jewellery Show(Hong Kong), Jewellery Arabia (Bahrain) etc. Like every year, this year also the Council is organizing the
Zimbabwe to Take Over All Diamond Mines
Harare: Zimbabwe’s President Robert Mugabe said on Thursday his government would take possession of all diamond operations because existing miners had robbed the country of its wealth. Mugabe’s comments came a week after the ministry of mines ordered all mining companies to halt work and leave the Marange fields, saying they had not renewed their licences. At the time it
