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
First Ever IJES Successfully Organized by GJSCI
Mumbai: The 1st edition of India Jewellery Excellence Symposium (IJES) an initiative of the Gem & Jewellery Skill Council of India (GJSCI) was held in Mumbai on January 8th & 9th, 2020. GJSCI works towards the advancement of the gems and jewellery industry through its various skilling initiatives all over India. It covers skilling under all the areas and functions
New Gold Hallmarking Process Started from 15th Jan
New Delhi: Government of India has made the process of hallmarking of gold jewellery mandatory from 15th January, 2020, but it will give one year’s time to jewellers to register themselves with the Bureau of Indian Standards (BIS) and clear their old stock. A notification to make mandatory hallmarking of gold jewellery from 15 January 2021 will be issued by the Consumer
IIJS Signature 2020 to have Special Design Pavilion
Mumbai: IIJS Signature, India’s first trade show of the calendar year is regarded as the nerve centre of jewellery design and technology – attracting domestic and international buyers alike. The 13th edition of IIJS Signature 2020 will be held from February 13th-16th at Bombay Exhibition Centre, Mumbai. This premium B2B jewellery-buying show has already attracted more than 10,800 pre-registered visitors. These visitors have confirmed their
Divine Solitaires Launches E-Commerce Platform
Mumbai: Divine Solitaires, India’s first solitaire jewellery brand announced the launch of its E-commerce platform with an aim to make the best of the solitaires available to their customers in the comfort of their home. Having been a specialist of the solitaire segment for over a decade, Divine Solitaires (www.divinesolitaires.com/shop) is now the only online platform exclusively dedicated to selling
ALROSA Expects 5-Percent Growth in Rough Prices
Moscow: ALROSA expects that global rough prices will go up by 5% in 2014 over the last year, according to the ITAR-TASS report from St. Petersburg. This was disclosed to journalists on the sidelines of the St. Petersburg International Economic Forum by Fyodor Andreev, President of ALROSA. “We reckoned on a growth rate of 5%. I think it is achievable,”
Zimbabwe Orders Miners to Sell Gems through RBZ
Harare: The cash-strapped ruling ZANU PF government has issued an order to all diamond miners in the country to sell their gems through the Reserve Bank of Zimbabwe (RBZ). The permanent secretary in the Ministry of Mines, Francis Gudyanga, reportedly wrote a letter to the companies explaining that the central bank will use the diamonds to secure a government loan.
Antwerp Hosts WDC and KP Chair
Antwerp: The Antwerp World Diamond Centre (AWDC) welcomed the Kimberley Process (KP) Chair, His Excellency Wei Chuanzhong, Vice-Chair Bernardo Campos and the Mr. Edward Asscher, President of the World Diamond Council (WDC) for the purpose of renewing the Memorandum of Understanding (MoU) on the KP Administrative Support Mechanism (ASM). In 2012, the KP Plenary designated the World Diamond Council through
Barclays Fined $44 Million over Gold Fix
London: British authorities have fined Barclays, one of five banks that sets the price of gold each day in the London fix, nearly $44 million after a former trader improperly influenced the price-setting mechanism, reports jckonline.com. The British Financial Conduct Authority said that, in 2012, Daniel James Plunkett, a director on the bank’s precious metals desk, placed certain orders meant
