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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Hummingbird Resources Joins World Gold Council
London: The World Gold Council (WGC) the market development organisation for the gold industry, has welcomed Hummingbird Resources to its Board of Members. As part of joining the World Gold Council, the company has agreed to adopt and adhere to the Responsible Gold Mining Principles. Hummingbird Resources engages in the exploration, evaluation and development of mineral properties in West Africa with
Gemfields’ Film Provides Buyer’s Guide to Gemstones
Mumbai: Gemfields is delighted to introduce the third instalment in its short film series dedicated to coloured gemstones. June sees the release of the Buyer’s Guide film, the aim of which is to educate consumers on every aspect of purchasing coloured gemstones, with a vivid depiction of the origins and contemporary allure of rubies and emeralds using the most sophisticated
DPA now Becomes Natural Diamond Council
New York: Diamond Producers (DPA) yesterday relaunched as the Natural Diamond Council (NDC). The NDC will continue the DPA’s mandate to promote the desirability of natural diamonds and support the integrity of the diamond jewelry industry. As part of the launch, the NDC is repositioning its “Real is Rare, Real is a Diamond” consumer campaign with a new focus under
De Beers may Shift its Sight Location Temporarily
Gaborone: The global diamond giant, De Beers is working with Botswana’s government to temporarily move viewings to places closer to international diamond centres, with sales still recorded in the country, to try to restart trading hit by coronavirus travel restrictions. Anglo American unit De Beers sells 90 percent of its total supply from Gaborone, capital of Botswana, whose economy relies
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
