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
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Bunder Diamond Project in India to be Auctioned
Bhopal: Madhya Pradesh (India) government has decided to auction mining rights for the Bunder diamonds project in Chhattarpur district left mid-way by Rio Tinto in 2016, reports The Times of India. The state cabinet approved auction of diamond mines to companies based in Madhya Pradesh first and thereafter, mining firms from outside the state. “After exploration, the diamond reserves have
Forevermark Hosts Programme for Retailers
Mumbai: Forevermark, the diamond brand from De Beers Group, recently organised a customised programme on ‘Leading Business Transformation’ for their authorized retailers at the London School of Economics and Political Science (LSE) in Shanghai at the NYU Campus, one of the foremost social science universities in the world. Working with the London School of Economics and Political Science, Forevermark built
Rajesh Exports’ Profit Increases in 2018-19
(By Evaluate Research) Bengaluru: Rajesh Exports reported increased profitability for the financial year ended March 2019. For the full year, EPS increased by 2.1% to Rs.43.77 vs. Rs.42.87 in FY03/2018, while net profit also increased by 2.1% from Rs.12.6 bn in FY2018 to Rs.12.9 bn in FY03/2019. Reduction in finance costs by 18% to Rs.4.4 bn in FY2019 as compared
Mithali Raj Unveils Rio Tinto’s Jewellery Collection
Bengaluru: Rio Tinto has partnered with Indian retailer Joyalukkas to launch an exclusive collection of jewellery made with diamonds from its Argyle mine in Western Australia. This exclusive range of bridal and fashion jewellery known as a Joyalukkas “Limited Edition” Eleganza collection is available at selected stores throughout India. Mithali Raj, captain of the Indian women’s cricket team and the
Gold Smuggling in India May Fall to 50 Tonnes
Mumbai: Going by the seizures of gold which has increased four times in 2013-14, intelligence agencies have estimated gold smuggled in the country around 50 tonnes in 2013-14 which is way lower from the estimated by the World Gold Council (WGC), reports The Business Standard. WGC had estimated nearly 200 tonnes of gold entered India unofficially. Trade circles have been
India May not fully Withdraw Gold Curbs
New Delhi: Despite a significant reduction in the current account deficit, curbs on gold imports are unlikely to be fully removed this Budget. Instead, the finance ministry may lower the import duty on the precious metal by two per cent, reports The Indian Express. “The current account deficit situation is still being closely monitored. The curb on gold imports was
Gujarat Govt. Assures Help for Diamond Bourse
Surat: As the prices of realty in Vesu and Dumas areas have skyrocketed following the announcement of proposed diamond bourse, diamantaires spearheading the movement for a world-class diamond bourse in the city have started lobbying with the state government for land, reports The Times of India. Members of Surat Diamond Bourse (SDB) committee, which includes chairman of leading diamond companies
Antwerp Seizes Parcel of Banned CAR Diamonds
Antwerp: The Antwerp diamond industry, represented by the Antwerp World Diamond Centre (AWDC), is stepping up its efforts in combatting conflict diamonds. The city, largely owing its reputation as the most transparent and strictly controlled diamond trade centre to the rigorous controls of all diamond imports and exports at the Antwerp Diamond Office, is determined to continue its strong commitment
