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
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Senco Gold Launches Showroom in Prayagraj
Allahabad: Senco Gold & Diamonds has launched its 111th store in Prayagraj, (Uttar Pradesh). This is 3rd D’SIGNIA showroom from the brand in the country after Kolkata and New Delhi, and was inaugurated recently by the Mayor of Allahabad Municipal Corporation Smt. Abhilasha Gupta and Mr. Suvankar Sen, CEO – Senco Gold & Diamonds. D’SIGNIA is a dazzling destination for
Gold Demand Set to Increase in India: WGC
Mumbai: Gold demand appears to be positive in India as the consumer sentiment is likely to recover in 2021, from its dismal performance due to the coronavirus pandemic-related disruptions and volatile price movement, according to a report by the World Gold Council (WGC). Initial data about the Dhanteras festival in November suggest that while jewellery demand was still below average,
Gemewizard Collaborates with IIG
Mumbai: The Gem Color Academy, Gemewizard’s educational wing, has announced the official opening of its fourth branch, run in collaboration with International Institute of Gemology (IIG) of India. The new venture enables IIG to offer online and on-site classes of Gem Color Academy’s Colored Stones Grading Course in its premises in India and Hong Kong. Gemewizard’s president Menahem Sevdermish discusses
Antwerp’s Rough Tenders Thrive Despite Pandemic
Mumbai: Antwerp’s tender houses have been thriving in 2020, enabled by quick adaptations and continuity of operations in the Antwerp diamond square mile. Antwerp is home to a critical mass of buyers as well as the largest concentration of tender houses and representative offices of mining companies, enabling the successful conclusion of nearly 100 rough tenders, and more than 10,5 million
Silver Price to be Set by New System
London: The London silver price mechanism will now be set via an electronic, auction-based mechanism administrated by CME Group and Thomson Reuters, according to a statement from the London Bullion Market Association. The new mechanism was chosen because it is electronic, “auction-based and auditable and tradable with an increased number of direct participants,” the LBMA said in a statement. CME
De Beers Boosts Q2 Diamond Output
Gaborone: De Beers increased its output 7 percent year on year to 8.515 million carats in the second quarter of the year. The group was targeting an output of between 30 million and 32 million carats this year. Anglo American, which owns 85 percent of the diamond group, said in a statement that the increase was mainly due to higher
GJEPC Launches 'Jewellers for Hope' Campaign
Mumbai: For the first time, the Gems and Jewellery Export Promotion Council (GJEPC) has initiated its first edition of ‘Jewellers for Hope’ campaign, a CSR activity with an objective to build a CSR fund that will be used to support various social causes. A charity dinner has been hosted by the GJEPC in Mumbai’s Grand Hyatt on Friday for the
Sonam Kapoor Walks on Ramp to End IIJW
Mumbai: The 5th edition of 4-day India International Jewellery Week (IIJW) ended with a grand finale wherein Best of the Best Collections were displayed by gorgeous models. The ramp was set on fire when Brand Ambassador of Gem & Jewellery Export Promotion Council (GJEPC) and cute Bollywood actress Sonam Kapoor walked at the grand finale of the IIJW 2014 held
