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
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
De Beers’ 8th Cycle worth $485 Million
Gaborone: De Beers reported the sale of a provisional $485 million of rough diamonds at its eighth sales cycle of 2016 last week. The miner also confirmed the sale of $639 million of rough at the previous sales cycle held in August from a provisional figure of $630 million. De Beers Group CEO Bruce Cleaver said: “Demand for De Beers’
Botswana’s Diamond Exports Extend Decline
Gaborone: Botswana’s rough diamond exports continued a retreat in August, underlining the country’s need to diversify its economy as it celebrates 50 years of independence. Outbound shipments fell 5 percent to $399.7 million, according to data from the Bank of Botswana. Orders slipped 1.8 percent in the first half of the year even as exports in July were significantly higher
World’s Largest Blue Topaz to be Exhibited
London: A flawless blue topaz gemstone, said to be the largest of its kind, is set to go on display at London’s Natural History Museum. The Ostro stone weighs around 2 kg (4.4 lb) and will be exhibited from Oct. 19, on permanent loan from British entrepreneur and philanthropist Maurice Ostro, the museum said. Its value was not disclosed. “The
Gemfields Announces Auction Results
Mumbai: Gemfields plc has announced the results of its auction of predominantly commercial quality rough emerald extracted by Kagem Mining Ltd (which is 75% owned by Gemfields and 25% by the Government of the Republic of Zambia) in Zambia. The auction also included higher quality amethyst from Kariba Minerals Ltd in which Gemfields has a 50% interest, with the balance
