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
Sally Morrison Changes Role within De Beers Group
New York: De Beers Group yesterday announced that Ms. Sally Morrison has joined the Group’s Consumer and Brands division as Director of PR – Natural Diamonds. In her new role, which will be based in New York, Sally will focus on media, trade and designer outreach for natural diamonds, with a particular focus on the US market. Ms. Sally will
India's G&J Exports Witness Sharp Fall in March
Mumbai: India’s Gems and jewellery (G&J) exports in March declined 38.81% to Rs 13,744.60 crore compared due to weak demand in importing countries following economic slowdown and the COVID-19 pandemic. The overall exports stood at Rs 22,463.17 crore during March 2019, according to data from the Gem and Jewellery Export Promotion Council (GJEPC). The total gems and jewellery exports during
Appointments Made to the Board of 'Get Diamonds'
Antwerp: The World Federation of the Diamond Bourses (WFDB) has announced that the Ownership Committee of Get Diamonds has decided that the Board of Directors of the Get Diamond Subsidiary, to be formed shortly, will comprise of 12 members: five representatives of major bourses, five diamond dealers from various countries and two public representatives who are not diamond dealers. The
Rs. 20 Lakh Crore Package to Boost Indian Economy
New Delhi: India’s Prime Minister Mr. Narendra Modi on Tuesday announced a Rs 20 lakh crore stimulus package to tackle the impact of coronavirus and weeks of lockdown. He also announced the extention of lockdown saying, “lockdown 4” after May 17 in a “completely different form”, with new rules. The special economic package, equivalent to around 10 per cent of
AGL Celebrates Five Years under New Management
New York, 15th April: American Gemological Laboratories (AGL), a provider of high-quality gemstone analysis and reporting is celebrating its five-year anniversary under the stewardship of Christopher P. Smith. “Five years ago, AGL was re-privatized during one of the most difficult periods the US and world financial markets have experienced in recent decades. AGL, however, had a good reputation and we did
Gold Smuggling Arrests Jump 750% YoY in India
Mumbai, 14th April: While cases of gold smuggling in India have jumped 265% from 40 in 2012-13 to 146 in 2013-14, the number of people arrested has shot up by 750%, from 30 in 2012-13 to 255 in 2013-14, data from the Directorate of Revenue Intelligence shows, according to a report published in Mineweb. “Gold imports through the legal channel have
