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
JCK Shows in 2020 Are Cancelled
Las Vegas: Organizers of the JCK Las Vegas and Luxury exhibitions announced that both events will be canceled this year due to the spread of the deadly coronavirus worldwide. Exhibitions were rescheduled for June 2021 and will be held at the Venetian Resort & Sands Expo in Las Vegas. This decision was made in response to the unprecedented challenges faced
Forevermark Unveils It's Latest Podcast Episode
Mumbai: This Earth Day, Forevermark has released its latest podcast episode, Levison Wood: Walking with Elephants on “The Power of the Diamond” series. Featuring renowned British explorer, conservationist, author and photographer Levison Wood, in conversation with Charlie Mayhew, CEO of Tusk, Levison speaks about his love of elephants from when he was a child; to his most recent expedition in the spectacular Botswana landscape trekking alongside these majestic creatures on
Industry Leaders Discuss Way Forward Post Covid-19
Mumbai: A panel comprising some of the biggest names in the global diamond and gold industry came together at a GJEPC hosted Webinar to discuss a key question that has been uppermost in the minds of diamantaires and jewellers the world over – ‘The Way Forward for the Industry Post Covid-19’. The thought-provoking exchange of views was moderated by GJEPC
India’s Gold Imports Down by 14% in FY 2020
Mumbai: Gold imports into India fell by 14.23% in value terms during FY2019-20 to US$ 28.2 billion, news agency PTI reported, quoting statistics released by the Ministry of Commerce. During FY2018-19, the country’s imports of the yellow metal stood at US$32.91 billion, the report added. Growth in gold imports turned negative during the last four months of the fiscal, PTI
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
Zimbabwe's Proposed Marange Restructuring Stalled
Harare: Marange diamond miner Anjin Investments Ltd. has reportedly stalled the Zimbabwe government’s intended consolidation of Marange diamond companies. As of last week, Anjin’s top management, which recently visited Zimbabwe from China, was yet to meet with officials from the mines ministry to finalize evaluations of company’s operations. The ministry had originally projected briefing Anjin chairperson Jiang Qingder on the
Belgian Politician Warns Against Diamond Sanctions
Antwerp: The 36th World Diamond Congress (WDC) has opened in Antwerp, with Minister-President of Flanders, Kris Peeters, warning of the “catastrophic” impact that sanctions relating to the diamond industry could have. The Congress is the bi-annual meeting of the World Federation of Diamond Bourses (WFDB) and the International Diamond Manufacturers Association (IDMA). Talking of the huge role of the diamond
