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
Karisma Kapoor Unveils Forevermark Festive Collection
Mumbai: OM Jewellers launched their festive collection crafted with genuine, natural Forevermark diamonds. Film star Karisma Kapoor graced the occasion at their Borivali, Mumbai store yesterday. Highlighting the exquisite brilliance of a Forevermark diamond, OM Jewellers has expertly curated 300 gorgeous pieces crafted in beautiful, rare and responsibly sourced diamonds making it ideal to gift or self-purchase during the festive season. Each of the designs
De Beers Sales Continues to Drop
Gaborone: The seventh cycle of De Beers has generated $280 million, a whopping 44% less than the $503 of the same cycle in 2018. The current sales number is slightly higher than the $280 in the sixth cycle. Mr. Bruce Cleaver, CEO, De Beers Group, said, “With midstream participants continuing to work down polished diamond inventory levels and reduced levels
Gemewizard Launches Gem Color Academy
Ramat Gan: Gemewizard, the Company in digital solutions for the analysis, description, pricing and trading of color in gemstones and colored diamonds, has inaugurated the Gem Color Academy, its online educational arm that will provide professional-level knowledge and experience for the gem and jewelry industries. With the start of operations, the Gem Color Academy is launching a landmark course dedicated
Gemfields Earns $18.6 mln from Emerald Auctions
Mumbai: Gemfields’ 75%-owned Kagem Mining has raked in $18.6 million from 3.92 million carats of emerald sold in Lusaka, Zambia at an overall average value of $4.75 per carat. The auction saw 37% of the 10.68 million carats offered being sold.Gemfields’ 33 auctions of emeralds and beryl mined at Kagem since July 2009 have generated $608 million in total revenues.
