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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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
IIJS 2015 Ended with Enhanced Response
Mumbai: The 32nd edition India International Jewellery Show (IIJS) ended here on 10th August with more response than the exhibitors and organizers had expected. Huge debacle in gold prices is said to have inspired strong traffic at the show. Now domestic jewelers expect enhanced sales during the upcoming festive and wedding season. The show, supposed to be Asia’s largest is
“Zimbabwe Mining Consolidation of Little Purpose”
Harare: A member of parliament for Zimbabwe’s opposition Movement for Democratic Change (MDC) has claimed that the planned consolidation of the country’s diamond mining companies in Marange is of “little purpose”. Eddie Cross, an economist, said although less was known about the remaining deposits at Marange, it was believed that a sheet of agglomerate across much of the site was
Colombia to Host Emerald Symposium in October
Bogota: Colombia is hosting the inaugural International Emerald Symposium scheduled for October 13 to 15 in Bogotá. The conference, which will be held at the Sheraton Bogotá Hotel, is organised by Fedesmeraldas (Colombian Emerald Federation), Acodes (Emerald Exporters Association), ASOCOESMERAL (Colombia Emerald Dealers Association), APRECOL (Colombian Emerald Miners Association), Agencia Nacional de Mineria (National Mining Agency), Minminas (Ministry of Mines
Telangana (India) Sitting on Bed of Diamonds
Hyderabad: The perennially drought-hit Mahbubnagar district could well turn out to be another Golconda, once famous as a city where diamonds were sold in heaps at roadside shops. The district, known for its large-scale annual migration of labour, is virtually sitting on diamond mines that could change the fortunes of the nascent Telangana state, experts say, according to a report
