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
Top News
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
Platinum Deficit to Widen This Year
Johannesburg: Declining investment by platinum producers in South Africa, the world’s largest supplier, has begun to weigh on supply of the metal used for investment as well as jewellery and autocatalytic converters, new data shows. The World Platinum Investment Council (WPIC) recently released data that showed show a market deficit of 520 000 ounces for 2016, from 455 000 ounces
Lucapa Finds 38.6-Carat Pink Diamond from Lulo
Luanda: Australian explorer, the Lucapa Diamond Company, has discovered another multi-million dollar, pink diamond at its Lulo project in Angola. The 38.6-carat stone is the largest colored diamond recovered to date from Lulo, handily beating the 28.5-carat light pink diamond the company sold earlier this week. That stone was sold in a parcel of other diamonds for a total of
JNA to Confer Highest Honour to Shouzui Yasui
Hong Kong: The 2016 JNA Awards is presenting its most prestigious honour — the Lifetime Achievement Award — to casting solutions specialist Shouzui Yasui, Chief Executive Officer of Tokyo-based Yasui & Co. Yasui, recognized for his dedication and significant contributions to the jewellery and gemstone industry, will be receiving the accolade at the JNA Awards Ceremony and Gala Dinner scheduled
Gahcho Kué to Provide C$6.7 Bln Boost to Economy
Toronto: Gahcho Kué, the world’s largest new diamond mine under construction, will provide a C$6.7 billion boost to the Canadian economy according to a report published today by EY for The De Beers Group of Companies. The new mine, located in the Northwest Territories (NWT), is a joint venture between De Beers Canada (51 per cent) and Mountain Province Diamonds
