We Wish to Build Globally Relevant SKY Gold: Akash Talesara
Israel’s Diamond Industry Under Severe Pressure
Did Natural Diamond Ind. Misjudge LGD Threat?
With December Hike Odds Intact, Can a Midterm Rally Repair Gold, Silver’s Breakdowns?
Macro Snapshot: Gold posted its best week since late August, but it got there on rate relief that had disappeared by Friday. COMEX gold rose 4.5% to $4,074.9 and silver 5.4% to $51.94 while cheaper oil pushed the odds of a December Fed hike down from about 71% on 30 October to 64% ahead of Friday’s payrolls, according to CME FedWatch readings reported by Benzinga and Reuters. The jobs data sent the odds back up to 74.8%, CNBC reported, a
With December Hike Odds Intact, Can a Midterm Rally Repair Gold, Silver’s Breakdowns?
Macro Snapshot: Gold posted its best week since late August, but it got there on rate relief that had disappeared by Friday. COMEX gold rose 4.5% to $4,074.9 and silver 5.4% to $51.94 while cheaper oil pushed the odds of a December Fed hike down from about 71% on 30 October to 64% ahead of Friday’s payrolls, according to CME FedWatch readings reported by Benzinga and Reuters. The jobs data sent the odds back up to 74.8%, CNBC reported, a
Top News
Platinum Prices Slide despite Stalled Strike Deal
Johannesburg: Despite a broad rally in metals prices, PGM futures trading in New York pulled back on Friday despite a fresh impasse in strike negotiations in South Africa. Palladium futures trading on Nymex gave up more than 2% or $17 an ounce on Friday day to trade at $822.50 an ounce, while platinum contracts fell 1.1% or $16 an ounce
Ernest Blom Re-Elected as WFDB President
Antwerp: Ernest Blom, current president of the World Federation of Diamond Bourses (WFDB), was re-elected for another two-year period unopposed during the first working session of this week’s 36th World Diamond Congress in Antwerp. The following people were also elected: Julien Drybooms as WFDB Vice President; Rony Unterman as WFDB Secretary-General and Michel Schonfeld as Deputy Secretary-General; Dieter Hahn as
Grown Diamonds Gaining Popularity
New York: According to a recent press release by Frost & Sullivan consultancy, there is positive consumer outlook for grown diamonds, but challenging supply side factors restrain their market potential. Demand for colorless diamonds in value and volume terms is higher than any other color of diamond in the gems and jewellery industry. One of the key factors that prevented
Inaugural Ruby Auction Nets $33.5m – Gemfields
Johannesburg: The inaugural auction of rough ruby and corundum mined at Aim-listed Gemfields’ 75%-owned Montepuez deposit, in Mozambique, has raised $33.5-million, taking the coloured-gemstones mining and marketing company’s overall revenue for rough gemstone sales to in excess of $143-million for the current financial year. The auction, held in Singapore from June 12 to 17, had included both high- and low-quality
Silver Jewellery Demand in 2020 to Drops 23%
Mumbai: The Silver Institute hosted a webinar on 17th November, 2020, to discuss its annual Interim Silver Market Review. Philip Newman, Managing Director at Metals Focus, and his colleague, Adam Webb, Director of Mine Supply, presented the findings. The Interim Review features historical supply and demand statistics and provisional estimates for 2020. The following are the key highlights from the
Rajesh Exports Reports Robust Growth in Revenues
Bengaluru (By Evaluate Research) : Rajesh Exports reported robust growth in revenues, much ahead of our expectations, on a YoY basis despite a global economic slowdown and a higher gold price. Revenues for the fiscal second quarter [ended September] came in at Rs.1022 bn, up 53% on a YoY basis. The rising price of gold in the international market was
First Ever Silver VBSM by GJEPC Inaugurated
Mumbai: GJEPC’s three-day Virtual Buyer-Seller Meet (VBSM) for Silver and Fashion & Costume Jewellery was inaugurated yesterday, with a strong participation from 34 international buyers connecting virtually to the Silver manufacturers in India from the USA, Spain, Italy, Mexico, Canada, Ireland, Russia-CIS and Latin America. Speaking at the Silver VBSM launch, Mr. Suresh Kumar, Joint Secretary, Ministry of Commerce &
Rio Tinto Showcases Finest Argyle Coloured diamonds
Perth: Rio Tinto’s iconic annual Argyle Pink Diamonds Tender is being showcased in Singapore to connoisseurs and collectors from across Asia. Headlining the 2020 collection of 62 pink, blue, violet and red diamonds is Lot 1: Argyle Eternity™, a 2.24 carat round brilliant Fancy Vivid Purplish Pink diamond. The Argyle Eternity™ is the largest Fancy Vivid round brilliant diamond ever
