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
Surat to Set Diamond Bourse in 2 Lakh Sq. Yards
Surat: Surat, known as a hub for processing of rough diamond is readying itself to set up a world class diamond bourse having trading facilities which will integrate processing and house all those interested in diamond business at one place, reports The Times of India. The proposed bourse may be of the size of the one existing in Mumbai. Mumbai’s
EGL Uncovers 4 Synthetics in Parcel of 20 Stones
Ramat Gan: In an unusual case, EGL International in Israel said it has discovered four synthetic diamonds in a parcel of 20 stones submitted by a long-time client, reports idexonline.com. The lab-grown diamonds were uncovered in the first phase of testing using FTIR infrared spectroscopy, said EGL International Managing Partner and CEO, Guy D. Benhamou, who added that the diamonds
Bitcoin Growing in Adoption
New York: The cyber currency bitcoin is seeing increasing adoption, said a May 31 panel on “Bitcoin and the Jewelry Industry: What You Need to Know.” “In terms of the world’s economic system, bitcoin is doing small numbers,” said the panel’s moderator Verichannel CEO Jacques Voorhees, whose son works for a bitcoin company. “But the adoption rate is soaring.” Some
Fresh Diamond Looting Spree in Marange
Harare: Observers have reported a fresh diamond looting spree, with security and army chiefs said to be working hand in glove with senior mining companies’ staff in the scam. Reports said the swindle is being spurred on by panic among mining staff members who are not sure of their fate following a government announcement that it will streamline diamond mining
HK Shows Postponed Amid Corona Virus Fears
Hong Kong: As fears over the spread of the corona virus mount, show organizers in Hong Kong have announced that some upcoming events have been postponed. The Hong Kong Trade and Development Council (HKTDC) has moved the HKTDC Hong Kong International Diamond, Gem & Pearl Show 2020 (originally scheduled for March 2-6) and the HKTDC Hong Kong International Jewellery Show
GJEPC Seeks Roll Back of Duty Proposed in Budget
Mumbai: The Finance Minister in her Union Budget for fiscal year 2020-21 presented a gamut of initiatives, which cheered the entire gems and jewellery industry in the country. The government proposed to reduce the import duty on platinum from existing 12.5 percent to now 7.5 percent. Also, the proposal for establishing a bullion exchange at GIFT City is an encouraging move to attract international bullion
De Beers Cycle 1, 2020 Sales Go Slightly Up
Gaborone: Rough diamond sales in De Beers’ first sales cycle of 2020 were up compared with the same period last year. The diamond miner said provisional rough sales at sightholder sales and auctions during Cycle 1 hit $545 million. This is an increase when compared with the $500 million in the first sales cycle of 2019. It’s also an uptick
Ground-Breaking Ceremony of CFC at Bow Bazar
Kolkata: Ground-breaking ceremony of Common Facility Centre (CFC) at Bow Bazar in Kolkata was held yesterday in the presence of Mrs. Rupa Dutta (Economic Advisor, Ministry of Commerce & Industry, Government of India), Mr. Senthil Nathan (Deputy Secretary, Ministry of Commerce & Industry, Government of India), Mr. Pramod Agrawal, Chairman, GJEPC; Mr. Prakash Pincha, Regional Chairman, Kolkata, GJEPC, along with
