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 Did Gold & Silver Break Down Just as Fed Hike Bets Faded
Macro Snapshot: The rate backdrop eased during the week ending 23 October, which makes the metals’ slide harder to explain. CME FedWatch odds of a hike at the 27 to 28 October FOMC meeting had settled near one in three on 14 October, after the 3.7% September CPI print, and stood at 9.4% by 23 October. December hike odds slipped from about 90% to close to 80%. The 10-year Treasury yield closed at 5.00% against 5.09% a week earlier, and
Why Did Gold & Silver Break Down Just as Fed Hike Bets Faded
Macro Snapshot: The rate backdrop eased during the week ending 23 October, which makes the metals’ slide harder to explain. CME FedWatch odds of a hike at the 27 to 28 October FOMC meeting had settled near one in three on 14 October, after the 3.7% September CPI print, and stood at 9.4% by 23 October. December hike odds slipped from about 90% to close to 80%. The 10-year Treasury yield closed at 5.00% against 5.09% a week earlier, and
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Rio Tinto showcases “Oculus Rift” technology
Las Vegas: Rio Tinto Diamonds is bringing the mine to the marketplace by using innovative Oculus Rift technology to provide an interactive virtual journey into its Diavik Diamond Mine in the remote Northwest Territories of Canada. The Oculus Rift will debut at the Rio Tinto booth at the world’s largest diamond jewellery trade show, the JCK Luxury Show, in Las
WDC & KP Sign an MOU
Antwerp: Edward Asscher, President of the World Diamond Council, and Vice Minister Wei Chuanzhong, Chair of the Kimberley Process, signed a Memorandum of Understanding in Antwerp on Friday, May 23, formalizing the agreement for 2014 between the two organizations, according to which WDC finances and operates the Administrative Support Mechanism (ASM) on behalf of the Kimberley Process. The ASM provides
ALROSA Expects 5-Percent Growth in Rough Prices
Moscow: ALROSA expects that global rough prices will go up by 5% in 2014 over the last year, according to the ITAR-TASS report from St. Petersburg. This was disclosed to journalists on the sidelines of the St. Petersburg International Economic Forum by Fyodor Andreev, President of ALROSA. “We reckoned on a growth rate of 5%. I think it is achievable,”
Zimbabwe Orders Miners to Sell Gems through RBZ
Harare: The cash-strapped ruling ZANU PF government has issued an order to all diamond miners in the country to sell their gems through the Reserve Bank of Zimbabwe (RBZ). The permanent secretary in the Ministry of Mines, Francis Gudyanga, reportedly wrote a letter to the companies explaining that the central bank will use the diamonds to secure a government loan.
De Beers Group Donates for Women's Cause
Gaborone: De Beers Group yesterday announced a $200,000 donation across its four producer partner countries of Botswana, Canada, Namibia and South Africa to assist women’s shelters and support organisations to respond to an increase in gender-based violence resulting from the COVID-19 situation. The donation will be split equally across Botswana, Canada, Namibia and South Africa. It adds to the contributions
India's Diamond Exports may Fall to Lowest in Decade
Mumbai: India’s diamond polishing revenue is set to plunge next year from $24bn in 2019 to as little as $13bn in fiscal 2021, according to the latest forecasts. That’s a drop of almost half to the lowest level in a decade. Exports to the US and Europe – over 45 per cent of India’s market – fell 41 per cent year-on-year in February as the coronavirus pandemic intensified, according to Crisil Ratings,
Bharat Diamond Week [BDW] Goes Digital
Mumbai: The organizing committee of Bharat Diamond Week [BDW], world’s foremost ‘only diamond show’ decided that the BDW will go Digital. The decision was taken by the committee over an online meeting yesterday. The Bharat Diamond Week in its 4th edition was slated to be orgnaised during the first week of August 2020. Looking at the unprecedented events that are
Father of Saurabh Gadgil Passes Away
Pune: Shri Vidyadhar Anant Gadgil, father of PNG Jewellers chairman and managing director, Mr. Saurabh Gadgil left for heavenly abode after a prolonged illness in Pune. Shri Vidyadhar Gadgil was the son of Maharashtra thespian and founder of PNG Jewellers, Shri Daji kaka Gadgil. Born on 18th October 1947, Vidyadhar Gadgil was a director with PNG Jewellers since the 1970s. He lived
