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
Gold Prices Unlikely to Settle due to Iraq Tensions
Mumbai: With the turmoil in Ukraine almost gone from the headlines, gold’s status as a hard asset and storer of wealth in times of trouble lost some of its shine. But as Iraq spirals into all-out war and the US looks in danger of being pulled back into a conflict it has spent the last six years extricating itself from,
122.52 Carat Blue Diamond Found at Cullinan
Johannesburg: In what is shaping up to be one of most the amazing diamond finds in recent times, a 122.52 ct. blue diamond—the size of a walnut—has been discovered at the Cullinan mine in South Africa, said mine owner Petra Diamonds. Blue diamonds are ultrarare, as are stones weighing more than 100 cts.—making this, as Petra puts it, a “truly
KP Should Focus on Conflict-Torn Regions only
Shanghai: The newly elected president of the World Diamond Council (WDC) Edward Asscher, put a chill Tuesday on the movement to expand the scope of the Kimberley Process and so cover general human rights abuses, stating the trade body should focus exclusively on diamonds proceeding from conflict zones. Speaking at the Intercessional Meeting of the Kimberley Process in Shanghai, Asscher
DDE’s Peter Meeus Hits Back at PAC Claims
Dubai: Dubai Diamond Exchange Chairman Peter Meeus replied to what he called “serious allegations” made by Partnership Africa Canada about Dubai at the Kimberley Process (KP) Intersessional meeting taking place in Shanghai. “First of all we were surprised to see that Mr. Martin quoted an FAFT (Financial Action Task Force) report on ML/TF (Money Laundering/Terrorism Financing) of 150 pages in
GJEPC Invites Nominations for IGJ Awards 2020
Mumbai: India’s Gem and Jewellery Export Promotion Council (GJEPC) has invited nominations for the 47th edition of India Gems & Jewellery Awards (IGJA 2020), and the last date to file the nomination form is 3rd November 2020. The IGJA is a recognition of the business excellence demonstrated by enterprises and entrepreneurs constituting the industry, and stands testimony to the industry’s
Yoram Dvash will not Run for 3rd Term in IDE Elections
Ramat Gan: Mr. Yoram Dvash, who has been President of the Israel Diamond Exchange (IDE) for the past five years, announced yesterday that he would not stand for a third term in elections that will be held in December 2020. Mr. Dvash said that he would continue his role as President of the World Federation of Diamond Bourses (WFDB), to
GJEPC to Organise 1st Diamond Jewellery Virtual BSM
Mumbai: After the success of the Virtual Buyer-Seller Meets (VBSM) for Loose Diamonds and Plain Gold Jewellery, India’s Gem and Jewellery Export Promotion Council (GJEPC) is all geared up for the Diamond Studded Jewellery VBSM from 25th – 28th November 2020. Buyers are expected from the UK, the USA, Europe, Australia, New Zealand and Russia. Top diamond jewellery manufacturers from
WDC’s 2020 AGM Focuses on Latest KP Developments
New York: Members of the World Diamond Council (WDC) assembled for the organization’s Annual General Meeting on October 19, 2020, joined by invited guests, among them representatives of the governments involved in the Kimberley Process and members of civil society. In contrast to previous WDC AGMs, this gathering was not held in person but rather by videoconference, a consequence of
