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 Is a Widening Gulf War Lifting Oil but Sinking Gold and Silver?
Macro Snapshot: The week ending 30 October brought the kind of news that once sent buyers into gold. Reuters reported the first known successful limpet-mine strike on a tanker in the Strait of Hormuz since the war began in February, and Houthi forces claimed strikes on Saudi refineries. Washington ordered non-emergency government staff out of Saudi Arabia amid reports that US strikes on Iran could resume after the 3 November midterm elections. Brent rose 13.6% over October, with the expiring
Why Is a Widening Gulf War Lifting Oil but Sinking Gold and Silver?
Macro Snapshot: The week ending 30 October brought the kind of news that once sent buyers into gold. Reuters reported the first known successful limpet-mine strike on a tanker in the Strait of Hormuz since the war began in February, and Houthi forces claimed strikes on Saudi refineries. Washington ordered non-emergency government staff out of Saudi Arabia amid reports that US strikes on Iran could resume after the 3 November midterm elections. Brent rose 13.6% over October, with the expiring
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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
Argyle Diamond Mine Delivers its Final Production
Perth: After 37 years of operations and having exhausted its economic reserves, the iconic Argyle mine in the remote east Kimberley region of Western Australia has celebrated its final day of mining. Arnaud Soirat, Rio Tinto’s chief executive of Copper & Diamonds said, “Fifty years ago there were very few people who believed there were diamonds in Australia – even
IDE Inducts 115 New Members
Ramat Gan: The Israel Diamond Exchange (IDE) inducted yesterday an unusually large group of new members in a festive ceremony held for the first time over video. The 115 new members are of varying ages, and include both diamond polishers and traders. Most of the new inductees, which include 20 women, are the next generation of current IDE members. The
1st Ever Rough Gemstones Sourcing Show Inaugurated
Jaipur: The Gem and Jewellery Export Promotion Council of India (GJEPC), the apex body for promotion of gems and jewellery, inaugurated the first-ever rough gemstone souring show in the presence of Chief Guest, Mr. Subhash Chandra Agrawal, Commissioner of Customs (Preventive), Jaipur; Mr. Colin Shah, Chairman, GJEPC; Mr. Nirmal Kr. Bardiya, Regional Chairman, Jaipur Region; Mr. Vijay Kedia, Convener, Coloured
GJEPC Seeks Policy Changes to Double Exports
Mumbai: With an aspiration to increase the Indian gems and jewellery exports to $70Bn in the next five years by 2025, the Gem and Jewellery Export Promotion Council of India (GJEPC), the apex body for promotion of gems and jewellery exports, have proposed a sea change in certain reforms with respect to gems and jewellery exports. In its Budget Recommendations,
