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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RBI Allows Private Agencies to Import Gold
Mumbai: The Reserve Bank of India (RBI) yesterday eased tough gold import rules by permitting seven more private agencies to import the yellow metal. It is a measure that industry officials say could increase supplies and reduce premiums in the peak wedding season. Gold imports by India, the world’s No. 2 bullion consumer after China, could quickly rise from current
GJEPC Flays Surat Diamantaires on Bourse Plan
Mumbai, 22nd May: The Gems and Jewellery Export Promotion Council (GJEPC), of India has criticized the move by some diamantaires in Surat to shift their Mumbai operations to the proposed Surat Diamond Bourse (SDB) in Surat, reports The Times of India. GJEPC chairman Vipul Shah said, “It is not the prerogative of 50 diamantaires to decide and win over others
India Raises Import Tariff Value of Gold, Silver
Mumbai: India has raised its import tariff value of gold and silver on Wednesday. Indian government has trimmed its import tariff value of gold from $421 per ten grams to $431 per 10 grams and silver from $644 per kilo gram to $ 646 per kilo gram, said the ministry of finance. Import tariff value is the base price on which
Zimbabwe Diamond Output, Sales Dipped in 2013
Harare: Zimbabwe’s diamond output declined 26.1 percent to 8.9 million carats last year, according to Equity Communications, reports Rough&Polished. The Harare-based research company said in a statement emailed told Rough&Polished that Zimbabwe was the only “major” diamond producer, which experienced a “sharp” decline in production and sales last year. It said diamond production in the Southern African country took a knock
PLATAFRICA-18 Winners Express Love for Platinum
Mumbai: Platinum Guild International (PGI) – India recently introduced the winning designs of PLATAFRICA 2018 – a jewellery design and manufacturing competition. Presented by the world’s leading producer of the precious metal Anglo American Platinum, in collaboration with Metal Concentrators and PGI India, this is Plat Africa’s 19th edition. The prestigious competition is open to student, apprentice and professional jewellers in South
Forevermark Unveils the Red Carpet Edition at Rivana
Mumbai: Rivana Gold and Diamonds, renowned for their couture designs unveiled a Red Carpet Edition crafted in Forevermark Diamond this Women’s Day. The collection was unveiled in esteemed presence of Mr. Stephen Lussier, CEO of Forevermark, Mr. Sachin Jain, President (India) of Forevermark & Vaishali Shah, Director, Rivana Gold & Diamonds along with loyalists of Rivana. The event received an overwhelming
CIBJO Releases "Do's & Don'ts" Guide
Milan: CIBJO, the World Jewellery Confederation, has released a simplified guide to ethical and responsible practices in the handling and trading of diamonds, coloured gemstones, pearls and coral, and has made it available for downloading in PDF format from the CIBJO website, in multiple languages, free of charge. The 10-page to 13-page document, depending on the language in which it
Zimbabwe Accused of Producing Conflict Diamonds
Harare: The Kimberly Process (KP) Civil Society Coalition has called on the diamond watchdog to classify Zimbabwe’s stones as conflict diamonds to prevent their sale on the formal market. Natural Resource Governance director Farai Maguwu was quoted in a communique released by a coalition of the civil society organisations as saying that the army in Zimbabwe was involved in human
