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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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
Zimbabwe to Set up 32 Gold Processing Centres
Harare: Zimbabwe Government plans to establish 32 gold processing centres in small-scale mining areas around the country to increase their contribution to national output, a senior government official has said. The centres would offer various services such as gold milling, collection points as well as assist with Environmental Impact Assessments. Mines and Mining Development deputy Minister Fred Moyo said the
AWDC Thanks Diamond Industry for Support
Antwerp: The Antwerp World Diamond Centre (AWDC) expresses its sincere gratitude for the many messages of support and solidarity from diamond organizations around the world after the tragic attacks in Brussels on Tuesday. Among the many organizations sending their condolences to AWDC and Belgium are: World Diamond Council, World Federation of Diamond Bourses, International Diamond Manufacturers Organization, India’s Gem and
Stanchart Tightens Loan Terms to Diamond Sector
London: Standard Chartered’s push to bring some sparkle back to its performance has led the emerging markets bank to tighten its terms for lending to the diamond sector, reports Financial Times. The London-listed bank has asked diamond dealers to provide more collateral or to take out insurance protection on their loans, without which they will have to pay higher interest
CIBJO Launches New Main Website
Milan: CIBJO, the World Jewellery Confederation, has launched a new main website. Located on the web at www.cibjo.org, it represents a technological upgrade from its predecessor, providing users with more information about the organization and the jewellery sector, as well as improved functionality. The launch of the website is the first stage of a three-part upgrade of CIBJO’s online presence,
