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
The 18th Paris Gemmological Rendez Vous
Paris: The Association Française de Gemmologie (the French Association of Gemmology, AFG) has announced the line-up of speakers for the 18th Paris Gemmological Rendez Vous, its prestigious annual gems symposium, which will take place on September 9, 2019, at: l’ASIEM, 6 rue Albert de Lapparent, Paris, France. The speaker list in alphabetical order is: Alan Bronstein, President of the Natural
AWDC Discontinues Financial Contribution to WTOCD
Antwerp: The Scientific and Technical Research Center for Diamond (WTOCD) can no longer count on the unrestricted financial support from the Antwerp World Diamond Centre (AWDC), the umbrella organization for the Antwerp diamond industry. “The current market situation has led us to take this decision,” says Margaux Donckier, AWDC spokeswoman. The WTOCD was established in 1977 as an independent research center in support
Argyle Mine to Shut Down in 2020
Perth: Rio Tinto Group plans to close its Argyle mine in western Australia, and that could bring a rise in the price of pink diamonds. The mine is well-known for producing pink and red diamonds, Bloomberg reports. In fact, 90 percent of the world’s pink diamonds come from the mine, although such stones are only a tiny percentage of
CIBJO Advocates Case for Small Business Enterprises
Milan: Speaking at a meeting of the World Business Council for Sustainable Development (WBCSD), which took place during the United Nation’s 2019 High-Level Political Forum on Sustainable Development in New York, CIBJO President Gaetano Cavalieri has advocated for the position of small and medium-sized enterprises. Sustainable economies rely on the contribution of SMEs, he said, but too often they find themselves operating
CIBJO and Fairtrade International Sign MOU
Moscow, 23rd May: CIBJO and Fairtrade International have signed a Memorandum of Understanding according to which Fairtrade commits to working with CIBJO and its member organizations to improving certified Fairtrade gold supplies to the jewellery markets and members of CIBJO-associated organisations, and CIBJO commits to facilitating and encouraging its members to adopt and integrate fairtrade gold and metals into their
RBI Allows Private Agencies to Import Gold
Mumbai: The Reserve Bank of India (RBI) yesterday eased tough gold import rules by permitting seven more private agencies to import the yellow metal. It is a measure that industry officials say could increase supplies and reduce premiums in the peak wedding season. Gold imports by India, the world’s No. 2 bullion consumer after China, could quickly rise from current
GJEPC Flays Surat Diamantaires on Bourse Plan
Mumbai, 22nd May: The Gems and Jewellery Export Promotion Council (GJEPC), of India has criticized the move by some diamantaires in Surat to shift their Mumbai operations to the proposed Surat Diamond Bourse (SDB) in Surat, reports The Times of India. GJEPC chairman Vipul Shah said, “It is not the prerogative of 50 diamantaires to decide and win over others
India Raises Import Tariff Value of Gold, Silver
Mumbai: India has raised its import tariff value of gold and silver on Wednesday. Indian government has trimmed its import tariff value of gold from $421 per ten grams to $431 per 10 grams and silver from $644 per kilo gram to $ 646 per kilo gram, said the ministry of finance. Import tariff value is the base price on which
