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
Gold Demand may Remain Soft in H2: WGC
Mumbai: The consumer demand for gold in the country is expected to remain subdued in the second half of 2020 amid business and income disruptions caused by the Covid-19 pandemic, according to a report. The report, however, said that financial packages to support the economy and good monsoon may help soften the negative impact of economic blow due to the
India’s G&J Gross Exports Fell 55% in Q1 2020-21
Mumbai: India’s overall gross exports of gems and jewellery during the first quarter of FY2020-21 (April-June 2020) showed a decline of about 55% to US$ 2746.64 million on a year-on-year basis, according to provisional data released by the Gem & Jewellery Export Promotion Council (GJEPC). India’s Q1 overall gross imports of gems and jewellery plummeted 75% to US$ 915.137 million,
Six New CFCs to be Operational by Dec 2020
Mumbai: The Common Facility Centres (CFC) Project Steering Committee, which includes representatives from the Ministry of Commerce & Industry and India’s Gem & Jewellery Export Promotion Council (GJEPC), met on 8th July, 2020, to review the status of the upcoming six new CFCs. The six locations for setting up CFCs in Phase II are Coimbatore, Kolkata, Jaipur, Delhi, Rajkot and
Kunming Diamonds is Authorised Partner for Argyle
Perth: Rio Tinto has welcomed Hong Kong based coloured diamond specialist, Kunming Diamonds as an Authorised Partner for Argyle Pink Diamonds. Kunming joins a global network of 13 exclusive Authorised Partners entrusted with the care and custody of Argyle pink diamonds. Patrick Coppens, General manager for Sales and Marketing for Rio Tinto’s diamonds business said, “Kunming is an exciting company
Rio Tinto showcases “Oculus Rift” technology
Las Vegas: Rio Tinto Diamonds is bringing the mine to the marketplace by using innovative Oculus Rift technology to provide an interactive virtual journey into its Diavik Diamond Mine in the remote Northwest Territories of Canada. The Oculus Rift will debut at the Rio Tinto booth at the world’s largest diamond jewellery trade show, the JCK Luxury Show, in Las
WDC & KP Sign an MOU
Antwerp: Edward Asscher, President of the World Diamond Council, and Vice Minister Wei Chuanzhong, Chair of the Kimberley Process, signed a Memorandum of Understanding in Antwerp on Friday, May 23, formalizing the agreement for 2014 between the two organizations, according to which WDC finances and operates the Administrative Support Mechanism (ASM) on behalf of the Kimberley Process. The ASM provides
ALROSA Expects 5-Percent Growth in Rough Prices
Moscow: ALROSA expects that global rough prices will go up by 5% in 2014 over the last year, according to the ITAR-TASS report from St. Petersburg. This was disclosed to journalists on the sidelines of the St. Petersburg International Economic Forum by Fyodor Andreev, President of ALROSA. “We reckoned on a growth rate of 5%. I think it is achievable,”
Zimbabwe Orders Miners to Sell Gems through RBZ
Harare: The cash-strapped ruling ZANU PF government has issued an order to all diamond miners in the country to sell their gems through the Reserve Bank of Zimbabwe (RBZ). The permanent secretary in the Ministry of Mines, Francis Gudyanga, reportedly wrote a letter to the companies explaining that the central bank will use the diamonds to secure a government loan.
