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
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
Chaim Zohar Awarded Life Membership of DDC
Johannesburg: Renowned diamond industry journalist Chaim Even-Zohar has been awarded an Honorary Life Membership of the Diamond Dealers Club of South Africa (DDC) for his lifetime dedication and contribution to the diamond industry. Ernie Blom, Chairman of the DDC and World Federation of Diamond Bourses President, presented Even-Zohar with the membership certificate. “We, as the Diamond Dealers Club of South
ALROSA and DDC Sign MoU
Las Vegas: ALROSA and Diamond Dealers Club of New York signed a Memorandum of Understanding (MoU) aimed to develop the diamond industries of Russia and the USA.The document was signed at an official ceremony in Las Vegas on 30 May by Reuven Kaufman, President of the DDC, and Alexander Malinin, Director of “Brillianty ALROSA” (ALROSA’s cutting and polishing division). The
Surat to Set Diamond Bourse in 2 Lakh Sq. Yards
Surat: Surat, known as a hub for processing of rough diamond is readying itself to set up a world class diamond bourse having trading facilities which will integrate processing and house all those interested in diamond business at one place, reports The Times of India. The proposed bourse may be of the size of the one existing in Mumbai. Mumbai’s
EGL Uncovers 4 Synthetics in Parcel of 20 Stones
Ramat Gan: In an unusual case, EGL International in Israel said it has discovered four synthetic diamonds in a parcel of 20 stones submitted by a long-time client, reports idexonline.com. The lab-grown diamonds were uncovered in the first phase of testing using FTIR infrared spectroscopy, said EGL International Managing Partner and CEO, Guy D. Benhamou, who added that the diamonds
