We Wish to Build Globally Relevant SKY Gold: Akash Talesara
Israel’s Diamond Industry Under Severe Pressure
Did Natural Diamond Ind. Misjudge LGD Threat?
A Surging Rupee Tripled Gold’s Global Loss in India as Silver Broke Down
Macro Snapshot: The Reserve Bank of India changed the domestic arithmetic before trading opened on 12 October. On 10 October it announced a special window to meet the entire daily dollar requirement of Indian Oil, Bharat Petroleum and Hindustan Petroleum directly from its reserves, taking a large block of import demand out of the spot market. The central bank also tightened rupee derivative rules, imposing a 20% Foreign Exchange Risk Reserve on eligible contracts above $2 million and barring the
A Surging Rupee Tripled Gold’s Global Loss in India as Silver Broke Down
Macro Snapshot: The Reserve Bank of India changed the domestic arithmetic before trading opened on 12 October. On 10 October it announced a special window to meet the entire daily dollar requirement of Indian Oil, Bharat Petroleum and Hindustan Petroleum directly from its reserves, taking a large block of import demand out of the spot market. The central bank also tightened rupee derivative rules, imposing a 20% Foreign Exchange Risk Reserve on eligible contracts above $2 million and barring the
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
Strong H2 Uptick in Gold Demand in 2015
Mumbai: Global gold demand in 2015 was virtually flat compared to 2014 at 4,212 tonnes (t), according to the World Gold Council’s latest Gold Demand Trends report. Despite a challenging start to the year, gold demand rebounded in the second half of 2015 as a result of sustained buying from central banks and a strong second half from China and
Turnaround in Fancy Yellow Diamond Prices in Q4
New York: Following a better-than-expected holiday sales season in the US and continued sluggish demand in Asia, the fancy color diamond category has demonstrated stability, with overall prices growing on average 0.3% during the fourth quarter of 2015, according to the Fancy Color Diamond Index. The strongest performance was in the fancy yellow diamond segment, growing by 1.1%. Among fancy
DiaCam360 to Introduce Latest, Improved Camera
Ramat Gan: DiaCam360, the company that has conquered the international diamond trading community’s heart with its small, portable, effective and affordable camera that creates high quality photos and 360-degree, interactive videos of polished and rough diamonds, announced it will introduce the latest, improved model of its camera during the upcoming International Diamond Week in Israel (IDWI) which will be held
'Spend Substantially on Generic Campaigns'
Ramat Gan: Shmuel Schnitzer, Chairman of the Israel Diamond Institute Group of Companies (IDI) and past President of the Israel Diamond Exchange (IDE) and the World Federation of Diamond Bourses (WFDB), called on the Diamond Producers Association (DPA) to invest a substantial amount in the generic marketing campaign that it was planning to launch later this year. Schnitzer was speaking
