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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GJEPC to Organise First-Ever BSM in Virtual Format
Mumbai: Gem and Jewellery Export Promotion Council of India (GJEPC), the apex body for the promotion of gems and jewellery, will be hosting their Buyer and Seller Meet (BSM) for the first time in a virtual format, amidst the ongoing COVID-19 pandemic. The virtual format of this unique buyers and sellers meet will give an opportunity for Indian domestic jewellery
WGC Launches Retail Gold Investment Principles
Mumbai: The World Gold Council (WGC) the market development organisation for the gold industry, has launched its new Retail Gold Investment Principles (RGIPs). These Principles are designed to set the bar for product providers across the global retail gold market and further encourage retail investors to place their trust in gold. The RGIPs will provide high-level, best practice principles for
eBay Announces Association with IGI
Mumbai: With an objective to drive precedence in one of the most significant categories in Indian exports, eBay in India announced its association with the International Gemological Institute (IGI). The largest organization of its kind, IGI is a highly trusted name in certifying the widest variety of gemstones and jewelry in the world. The Gems and Jewelry Certification program (GJCP) introduced by eBay
Informa Markets, Atelier Technology Enter Partnership
Hong Kong: Informa Markets, the world’s largest exhibitions organiser, and Atelier Technology, the leading technology provider in the jewellery supply chain have entered into a strategic cooperation that aims to create growth opportunities for the jewellery community through a carefully tailored digital service that leverages their combined strengths, technologies and industry relationships. Under the partnership, Informa Markets’ jewellery vertical —
Two Miners Leave World Gold Council
London: Two longtime members of the World Gold Council have resigned from the organization, reportedly for financial reasons. The decisions of AngloGold Ashanti and Gold Fields to leave were cost based, according to a report in Bloomberg. In a statement, the organization said it “regrets the departures.” “As long-standing members, AngloGold Ashanti and Gold Fields have played a leading role
China’s Gold Demand to Continue For 20 Years
Beijing: China’s strong appetite for gold is expected to continue for the next 20 years, driven by the country’s increasing per capita income and the global shift of gold consumption from the West to the East, the China Gold Association said. In 2013, China’s gold consumption reached 1,176.4 tonnes, making it the world’s biggest gold consumer. Its consumption in 2014
British MPs Urge to Probe Gold Price-Rigging
London: British Members of Parliament (MPs) have called on the UK’s financial watchdog to investigate allegations of price-rigging in the London gold market after a senior regulatory executive said that there may have been co-ordinated attempts to manipulate a crucial benchmark, Financial Times reports. Members of the influential parliamentary Treasury select committee pressed the Financial Conduct Authority to act after
RBI to Swap Gold to Improve Reserves Quality
Mumbai: The Reserve Bank of India (RBI) said yesterday that it had sought quotes from banks to swap gold in its own vaults for international-standard gold, aiming to improve the management of its reserves. The RBI sources said that the measure would “standardize the gold available with RBI in India with respect to international standards” and the gold acquired would
