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
Baselworld Cancels Jan 2021 Show
Basel: The MCH Group, organiser of Baselworld has decided to cancel the show scheduled from Jan 28 to Feb 2, 2021 after reaching an agreement with representatives of the exhibitors at the show regarding the settlement for the cancelled 2020 edition. The amicable solution has been drawn up in collaboration with the Swiss Exhibitors’ Committee and is unanimously approved by
Antwerp Diamond Industry to Open Gradually
Antwerp: Belgium has been in lockdown state for almost two months since mid-March 2020. Now, media reports say the country is beginning to ease the situation. This will mean the opening up of the diamond district in Antwerp among other industries in the country. The nationwide lockdown, on account of the coronavirus had “virtually halted business” in the world’s largest
India Imported only 50 kg. Gold in April 2020
Mumbai: India imported a mere 50 kg of gold valued at US$ 2.84 million during the month of April 2020 as against the 110.18 tonnes valued at US$ 3.97 billion in the same month a year ago, as the countrywide lockdown and the ban on air travel brought trade in the yellow metal as well as in gold jewellery to
GJEPC Offices in Jaipur and Surat Reopen Partially
Jaipur: Two key regional offices of The Gem & Jewellery Export Promotion Council (GJEPC) – in Jaipur and Surat – resumed partial operations with all safety measures in place as the Government of India eased the lockdown restrictions in certain parts of the country. Jaipur, the centre of India’s loose coloured gemstone trade and an important manufacturing centre for coloured
'Presidents Forum' Formed
Antwerp: The heads of the jewellery and diamond industry’s four leading international representative bodies have agreed on Tuesday to establish “The Presidents Forum,” which is a joint consultative committee with its members being the presidents of each organization. Together they will discuss and formulate coordinated strategies and policies for the industry on important issues of common interest. Hosted by Dr.
First Texas-Israel Diamond Show in September
Ramat Gan: This fall strategic cooperation between the Texas Jewelers Association (TJA) and the Israel Diamond Institute (IDI) will produce the first Texas-Israel Diamond Show in San Antonio from September 29 – 30, 2014. This is the first time that jewelers in Texas and surrounding states will be offered the opportunity to buy diamonds directly from the source. The unique
India Hikes Import Tariff Value on Gold, Silver
New Delhi: The Indian government yesterday hiked import tariff value on gold and silver to USD 411 per 10 grams and USD 632 per kg as global prices have increased in the wake of escalating violence in Iraq. In the first fortnight of this month, tariff value on imported gold stood at USD 408 per 10 grams and silver at
De Beers June Sight Estimated at $640M
Gaborone: The De Beers June sight closed with an estimated value of $640 million as demand for rough diamonds remained firm. Prices and assortments were largely unchanged from the previous sight, although sightholders reported minor price adjustments on select boxes. There was ex-plan supplied – rough in excess of sightholders’ initial application for goods – as demand rose during sight
