We Wish to Build Globally Relevant SKY Gold: Akash Talesara
Israel’s Diamond Industry Under Severe Pressure
Did Natural Diamond Ind. Misjudge LGD Threat?
Despite Collapsing Hike Odds, Rising Yields Kept Indian Gold, Silver Below Their Floors
Snap Shot: Most of the damage in the week ending 2 October landed before the good news arrived, and the good news then failed to repair it. August core PCE inflation, released on 30 September, rose 3.0% from a year earlier against expectations of 3.3%, helped partly by methodology changes at the Bureau of Economic Analysis. September payrolls on 2 October then added just 29,000 jobs against forecasts near 90,000, with unemployment at 4.2% and August revised down to 133,000
Despite Collapsing Hike Odds, Rising Yields Kept Indian Gold, Silver Below Their Floors
Snap Shot: Most of the damage in the week ending 2 October landed before the good news arrived, and the good news then failed to repair it. August core PCE inflation, released on 30 September, rose 3.0% from a year earlier against expectations of 3.3%, helped partly by methodology changes at the Bureau of Economic Analysis. September payrolls on 2 October then added just 29,000 jobs against forecasts near 90,000, with unemployment at 4.2% and August revised down to 133,000
Top News
AGL Celebrates Five Years under New Management
New York, 15th April: American Gemological Laboratories (AGL), a provider of high-quality gemstone analysis and reporting is celebrating its five-year anniversary under the stewardship of Christopher P. Smith. “Five years ago, AGL was re-privatized during one of the most difficult periods the US and world financial markets have experienced in recent decades. AGL, however, had a good reputation and we did
Gold Smuggling Arrests Jump 750% YoY in India
Mumbai, 14th April: While cases of gold smuggling in India have jumped 265% from 40 in 2012-13 to 146 in 2013-14, the number of people arrested has shot up by 750%, from 30 in 2012-13 to 255 in 2013-14, data from the Directorate of Revenue Intelligence shows, according to a report published in Mineweb. “Gold imports through the legal channel have
Is Zim Diamond Industry Politically Sensitive?
Harare: The British Embassy in Harare said while Zimbabwe has offered a “favourable” investment climate, investors interested in the country’s diamonds should know that the industry is “politically sensitive”. It said in its June report that British investors should consult the embassy in Harare for advice if they are interested in the local diamond industry. “The diamond sector is particularly
De Beers Unveils Winners of Shining Light Awards
Johannesburg: The winners of the 18th Shining Light Awards were announced last night in a spectacular grand finale held in the Circa Gallery in Johannesburg, South Africa. The prestigious jewellery design competition, sponsored by The De Beers Group of Companies, showcases young talent from Botswana, Namibia and South Africa. The competition is open to current students, as well as those
Mining Companies Discuss SNZ issues with India
Mumbai: A senior official of the Ministry of Commerce & Industry, Mr. Siddharth, DG, DGS&D held a meeting with delegations from De Beers, Rio Tinto and Dominion Diamond in the presence of representatives of the GJEPC and BDB on July 6, 2015 to discuss certain issues pertaining to taxation, procedures and other matters related to the Special Notified Zone for
Zimbabwe Q1 Diamond Output Plummets
Harare: Zimbabwe’s diamond output dropped 36 percent to 419 788 carats in the first quarter of the year from 660 000, a year earlier. The Herald newspaper reports that weak production was expected to continue in the “short term” as alluvial diamonds in Marange were “fast depleting”. Zimbabwe sold rough diamonds worth $75,92 million in the five months to May
