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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India’s Gem-Jewellery Exports Drop 10.2% in 2019-20
Mumbai: India’s gross exports of gems and jewellery dipped by 10.19% during the fiscal year that ended on March 31, 2020 declining to US$ 35.53 billion as compared to US$ 39.56 billion in the same period of the previous year, according to provisional data released by The Gem & Jewellery Export Promotion Council (GJEPC). Imports across the sector during fiscal
Webinar on Banking Stresses Need for Self-discipline
Mumbai: A distinguished panel comprising representatives of government and the banking sector deliberated on wide range of banking issues related to the challenges being faced by the gem and jewellery sector particularly during the Covid-19 pandemic at a webinar hosted by GJEPC on May 15. The panel, which had Ms Rupa Dutta, economic advisor, ministry of commerce & industry, Government
Breakthrough Study on Precious Coral Identification
Basel: A breakthrough study entitled “DNA fingerprinting: an effective tool for taxonomic identification of precious corals in jewelry,” authored by researchers from the Swiss Gemmological Institute SSEF and the University of Zurich’s Institute of Forensic Medicine (IRM) and recently published in the leading peer-reviewed journal Scientific Reports (Nature Group), has led to a new service being offered by SSEF to
Pink Diamond Prices set to Rise with Closure of Argyle
Perth: The price of super-rare pink diamonds is to set to rocket with the forthcoming closure of the Argyle mine in Western Australia, which has been responsible for 90% of world supplies, reports the South China Morning Post newspaper. Owner Rio Tinto plans to cease production by the end of 2020, when economically-viable reserves will run out. The value of
India Eyes Direct Diamond Tie-Ups with Russia
Mumbai: With the threat of US economic sanctions on Russia hanging like a Damocles sword, India’s gem and jewellery industry is gearing to establish direct contacts with Russia, to source rough diamonds, reports Business Line. Supply of roughs from Russia to Dubai and Belgium could be severely impacted if the US imposes economic sanctions on Russia, say exporters. Currently, the
Platinum Prices Slide despite Stalled Strike Deal
Johannesburg: Despite a broad rally in metals prices, PGM futures trading in New York pulled back on Friday despite a fresh impasse in strike negotiations in South Africa. Palladium futures trading on Nymex gave up more than 2% or $17 an ounce on Friday day to trade at $822.50 an ounce, while platinum contracts fell 1.1% or $16 an ounce
Ernest Blom Re-Elected as WFDB President
Antwerp: Ernest Blom, current president of the World Federation of Diamond Bourses (WFDB), was re-elected for another two-year period unopposed during the first working session of this week’s 36th World Diamond Congress in Antwerp. The following people were also elected: Julien Drybooms as WFDB Vice President; Rony Unterman as WFDB Secretary-General and Michel Schonfeld as Deputy Secretary-General; Dieter Hahn as
Grown Diamonds Gaining Popularity
New York: According to a recent press release by Frost & Sullivan consultancy, there is positive consumer outlook for grown diamonds, but challenging supply side factors restrain their market potential. Demand for colorless diamonds in value and volume terms is higher than any other color of diamond in the gems and jewellery industry. One of the key factors that prevented
