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
De Beers Completes Sale of Kimberley Mines
Gaborone: De Beers Consolidated Mines (DBCM) announces that it has completed the sale of Kimberley Mines (all assets, including the tailings mineral resource) to Ekapa Minerals (Pty) Limited – an investor consortium comprising Ekapa Mining (Pty) (50.1%) and Petra Diamonds Limited (49.9%), according to a press statement issued by the Company. When it first announced it was selling the mine,
Russian Ruble Falls to Record Low
Moscow: The Russian ruble fell to its weakest level ever against the dollar on Thursday even as top officials tried to play down the significance of the depreciation, reports The Wall Street Journal. The ruble hit 86 to the dollar, pressured by weak oil prices, just days after having broken through the psychologically crucial threshold of 80. “Today we saw
PNG Jewellers Adopts Shillim Village
Mumbai: PNG Jewellers has collaborated with Aadkvasi Vikas Prabodhini and adopted Shillim Village of Mawal Taluk as a part of their Corporate Social Responsibility activity on 19th January. The goal is to dveleop Shillim Village by all means and as the first step, the executive director of PNG Jewellers Mr. Parag Gadgil and Mrs. Vaishali Gadgil inaugurated an E-Learning center
Rio Tinto’s 4Q Production +50%
Perth: Rio Tinto reported diamond production surged 50 percent year on year to 4.3 million carats in the fourth quarter that ended December 31 as output from the Argyle mine in Australia almost doubled. The Argyle pit in the remote East Kimberley region of Western Australia produced 3.4 million carats in the three months, an 86-percent jump from a year
