We Wish to Build Globally Relevant SKY Gold: Akash Talesara
Israel’s Diamond Industry Under Severe Pressure
Did Natural Diamond Ind. Misjudge LGD Threat?
With December Hike Odds Intact, Can a Midterm Rally Repair Gold, Silver’s Breakdowns?
Macro Snapshot: Gold posted its best week since late August, but it got there on rate relief that had disappeared by Friday. COMEX gold rose 4.5% to $4,074.9 and silver 5.4% to $51.94 while cheaper oil pushed the odds of a December Fed hike down from about 71% on 30 October to 64% ahead of Friday’s payrolls, according to CME FedWatch readings reported by Benzinga and Reuters. The jobs data sent the odds back up to 74.8%, CNBC reported, a
With December Hike Odds Intact, Can a Midterm Rally Repair Gold, Silver’s Breakdowns?
Macro Snapshot: Gold posted its best week since late August, but it got there on rate relief that had disappeared by Friday. COMEX gold rose 4.5% to $4,074.9 and silver 5.4% to $51.94 while cheaper oil pushed the odds of a December Fed hike down from about 71% on 30 October to 64% ahead of Friday’s payrolls, according to CME FedWatch readings reported by Benzinga and Reuters. The jobs data sent the odds back up to 74.8%, CNBC reported, a
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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.
Antwerp Hosts WDC and KP Chair
Antwerp: The Antwerp World Diamond Centre (AWDC) welcomed the Kimberley Process (KP) Chair, His Excellency Wei Chuanzhong, Vice-Chair Bernardo Campos and the Mr. Edward Asscher, President of the World Diamond Council (WDC) for the purpose of renewing the Memorandum of Understanding (MoU) on the KP Administrative Support Mechanism (ASM). In 2012, the KP Plenary designated the World Diamond Council through
Barclays Fined $44 Million over Gold Fix
London: British authorities have fined Barclays, one of five banks that sets the price of gold each day in the London fix, nearly $44 million after a former trader improperly influenced the price-setting mechanism, reports jckonline.com. The British Financial Conduct Authority said that, in 2012, Daniel James Plunkett, a director on the bank’s precious metals desk, placed certain orders meant
GJF Announces Day-Long Interactive Workshop ‘Labham’
Mumbai: The All India Gems and Jewellery Trade Federation (GJF) and all major G&J Trade Associations, has announced the first-ever educational ‘Labham’ programme on 1st June 2014 in Rajkot onwards for all jewellers, manufacturers, traders and other constituents of the G&J businesses in and around Rajkot. It will be held in Chennai on 10th June and in New Delhi on
Lucapa Production Jumped 147% in Q4
Perth: Lucapa Diamond Company Limited posted a 147-percent jump on the year in production in the December quarter. The Lulo mine, in which Lucapa has a 40-percent stake, produced 5,313 carats and achieved its highest quarterly production during the Angolan wet season, Lucapa and its partners said in a statement. The company sold two parcels of diamonds from Lulo totaling
Evara Gets Brand of The Year 2016-17 Award
Mumbai: ‘Platinum EVARA’, the bridal jewellery collection has now been bestowed with the “BRAND OF THE YEAR 2016-17 – THE EMERGING NO.1 IN THE JEWELLERY CATEGORY” award, at the Pride of India awards recently held in Mumbai. The brand was felicitated with this honor by the World Consulting and Research Company (WCRC), which is Asia’s leading research and consulting firm.
Second Seminar on Demonetization in Surat
Surat: The Gem & Jewellery Export Promotion Council (GJEPC), Surat organised a seminar on ‘Demonetization and Opportunities for G & J Sector’ on Jan 3, 2017. The seminar, which was the second on the theme held by GJEPC in the city, saw a large turnout of diamantaires, especially many of the smaller manufacturers who are facing problems as a result
Researchers Grow Needle-Like Diamonds
Moscow: Physicists from the Lomonosov Moscow State University have obtained micrometer-sized diamond crystals in the form of a regular pyramid. In cooperation with co-workers from other Russian and foreign research centers, they have also studied the luminescence and electron emission properties of these diamond crystals. The research results have been published in a series of articles in journals including Scientific
