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
Q2 Output of De Beers’ Declined by 15%
London: De Beers’ rough diamond production decreased by 15% to 6.4 million carats in Q2 of the year, according to a statement issued by the Anglo American. It said production decreased in Botswana by 19% to 4.7 million carats, driven by intentional lower production from short-term changes in plant feed mix at Jwaneng to process existing surface stockpiles. Production at
‘Current State of Diamond Market’
New York: At a panel held during “The Current State of Diamond Market” on July 16 during the Initiatives in Art and Culture’s 14th annual Gold + Diamond Conference in New York City, most speakers agreed that the natural and lab-grown diamond sectors are hurting right now. At the panel, which Rob Bates of JCK moderated, several IDMA board members shared their
Karen Rentmeesters Appointed Permanent CEO of AWDC
Antwerp: Yesterday, the Board of Directors of the Antwerp World Diamond Centre (AWDC), the umbrella organization defending the interests of Antwerp’s diamond community, appointed Karen Rentmeesters as the new, permanent CEO. Rentmeesters, who have more than 14 years of experience within the organization, including 7 years as head of the PR & Industry Relations department and 3 months as interim
Remarkable Growth in Buyers at CARATS-2024
Surat: The diamond industry gathered in Surat city for an exhilarating three-day showcase of loose diamond, natural diamond, lab-grown diamond, jewellery, machinery, software and cutting-edge technology, held from 12th July to 14th July 2024 at the Surat International Exhibition and Convention Centre located at Sarsana, Surat. Organized by Surat Diamond Association (SDA), this premier B2B event brought together leading manufacturers,
Slight Decline in Sales of 4th Cycle
Gaborone: De Beers announced that sales of rough diamonds in the fourth sales cycle of 2023 saw a small decrease from the previous cycle. The provisional sales value for Cycle 4 2023 is $480 million, down 11% from $542 million in Cycle 3, and down 21% from Cycle 4 of 2022. Al Cook, CEO, De Beers Group, said: “Sales of
12th Edition of National Jewellery Awards
Mumbai: All India Gem & Jewellery Domestic Council (GJC), the national apex body of the gems and jewellery industry, has announced the 12th edition of National Jewellery Awards (NJA). Known for its stand for craft, devotion, and motivation for the industry, NJA is considered to be Industry’s biggest and widest award show that recognizes all sector of the industry and
Laguna Blu Diamond Sells for $25m
Geneva: The ultra-rare 11.16-carat pear-shaped Bulgari Laguna Blu – certified as the highest grade blue diamond ever by the GIA – was auctioned for just over $25m at Sotheby’s Geneva on Tuesday. It became the most valuable gem ever to be sold by Bulgari, after a four-minute bidding war between three parties on the phone and one in the showroom.
CIBJO Pays Tribute to Harry Levy
Milan: The World Jewellery Confederation pays tribute to Harry Levy, who passed away in London on May 15, 2023, at age 83. During his long and important career he held a variety of roles in CIBJO, as well as in other industry bodies, both in the United Kingdom and internationally. The quintessential Englishman, Harry actually was born Hanukkah Levy in
