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
Top News
India Hikes Import Tariff Value on Gold, Silver
New Delhi: The Indian government yesterday hiked import tariff value on gold and silver to USD 411 per 10 grams and USD 632 per kg as global prices have increased in the wake of escalating violence in Iraq. In the first fortnight of this month, tariff value on imported gold stood at USD 408 per 10 grams and silver at
De Beers June Sight Estimated at $640M
Gaborone: The De Beers June sight closed with an estimated value of $640 million as demand for rough diamonds remained firm. Prices and assortments were largely unchanged from the previous sight, although sightholders reported minor price adjustments on select boxes. There was ex-plan supplied – rough in excess of sightholders’ initial application for goods – as demand rose during sight
Zimbabwe's Proposed Marange Restructuring Stalled
Harare: Marange diamond miner Anjin Investments Ltd. has reportedly stalled the Zimbabwe government’s intended consolidation of Marange diamond companies. As of last week, Anjin’s top management, which recently visited Zimbabwe from China, was yet to meet with officials from the mines ministry to finalize evaluations of company’s operations. The ministry had originally projected briefing Anjin chairperson Jiang Qingder on the
Belgian Politician Warns Against Diamond Sanctions
Antwerp: The 36th World Diamond Congress (WDC) has opened in Antwerp, with Minister-President of Flanders, Kris Peeters, warning of the “catastrophic” impact that sanctions relating to the diamond industry could have. The Congress is the bi-annual meeting of the World Federation of Diamond Bourses (WFDB) and the International Diamond Manufacturers Association (IDMA). Talking of the huge role of the diamond
Botswana and ALROSA Start Orapa License Work
Gaborone: Botswana Diamonds said work is underway on three prospecting licenses in the Orapa region of Botswana, as part of a joint venture between the African exploration group and ALROSA. Heavy concentrate sampling has started at PL 206, while on PL 085 reconnaissance work has started and will be followed by heavy concentrate sample to evaluate kimberlite indicator minerals and
Global Diamond Jewellery Sales Up by 3% in '14
Gaborone: In local currency terms, there was growth in each of the top five diamond markets, which account for 75% of global demand. Growth would have been almost five per cent had it not been for the strengthening of the US dollar against the currencies of several of the major diamond consumer markets in the latter part of 2014, according
JNA Awards 2015 Honours Industry's Brightest
Hong Kong: JNA Awards, one of the world’s most prestigious awards in the gemstone and jewellery sector, tonight celebrated and honoured enterprises and individuals whose ambitions have helped elevate the industry and inspired others to do the same. Leading off the brilliant assembly of awardees was Ou Yang Chiu Mei, recipient of JNA’s highest honour – the Lifetime Achievement Award.
Petra Diamonds FY2015 Revenue Down 10%
Johannesburg: Petra Diamonds reported double-figure percentage drops in both revenue and profits for the year to June 30 on the back of a weakened market and low prices. Revenue was down 10 percent from $471.8 million to $425 million. Adjusted net profit after tax was down 33 percent from $93.7 million to $62.8 million, according to a company statement. Chief
