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
IIJS Signature 2021 from 7 to12 April in Mumbai
Mumbai: Gem &Jewellery Export Promotion Council (GJEPC), the apex body of the gems & jewellery in India is all set to organize its 14th edition of IIJS Signature 2021 from 7th to 12th April 2021 at Bombay Exhibition Centre, Goregaon. It will be the first Mega Gems & Jewellery Show of this stature since the onset COVID-19. The show will be held
Neelkanth Jewellers Launches Forevermark in Bengaluru
Bengaluru: Strengthening its association with Forevermark, Neelkanth Jewelers launched the diamond brand from the De Beers Group, at its store at HSR layout, Bengaluru recently. Known for exquisite hand-crafted designs for the last three generations, Neelkanth offers all the Forevermark collections including the Circle of Trust, Traditional Setting, Tribute and the Forevermark Icon Collection. The synergy of these two brands has made for an
Stage Set for Nirav Modi's Extradition
Mumbai: With a UK court ruling in favour of extradition of fugitive diamond merchant Nirav Modi, wanted in India on charges of fraud and money laundering in Punjab National Bank (PNB) scam case, Mumbai’s Arthur Road jail has kept a special cell ready to lodge him, an official said, according to NDTV. The jail official said that once Nirav Modi
GJEPC Signs MoU with eBay to Boost Retail Exports
Mumbai: In yet another landmark step, The Gem & Jewellery Export Promotion Council (GJEPC), apex body of Gem & Jewellery trade in India since 1966 signed an MoU with ES Online Services (India) Pvt. Ltd. (an eBay Group Company) to provide impetus to Indian Gem & Jewellery sellers on the global e marketplace and explore potential business collaborations for facilitating
Pangolin Recovers White Macro-Diamond
Gaborone: Pangolin Diamonds has recovered a white macro-diamond weighing 0.005484 carats from a soil sample on its recently acquired Malatswae project prospecting licence PL247/2014, in Botswana. It said in a statement that a field team was now on site collecting follow-up samples on a close-spaced grid to help determine the significance of this discovery. The Malatswae kimberlite project was located
De Beers July Sight Estimated at $775M
Gaborone: The De Beers July sight closed with an estimated value of $775 million. De Beers reportedly raised prices slightly on most goods by 1 percent to 2 percent with sharper hikes in the prices of smaller and lower-quality diamonds. Sightholders noted that De Beers also changed the assortment in its presentation, which partially offset the higher prices of its
RBI Relaxes Ceiling on Loans against Gold
Mumbai: The Reserve Bank of India has relaxed the Rs 1-lakh ceiling on loans for nonagricultural purposes against pledged gold and has left it to individual banks to decide on a lending cap. “Banks, as per their board-approved policy, may decide upon the ceiling with regard to the quantum of loans that may be granted against the pledge of gold
De Beers Announces Model for Rough Allocations
Gaborone: The De Beers Group of Companies yesterday announced its updated model for the allocation of rough diamonds by Global Sightholder Sales (GSS) in respect of the March 2015–March 2018 contractual period. Around 90% of De Beers’ total rough diamond availability by value is sold through GSS. The updated allocations model will involve a new method for determining GSS’s rough
