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
TBZ-The Original Launches Store in Lucknow
Mumbai: TBZ- The Original, India’s most iconic jewellery brand with a rich legacy of more than 150 years opens its 1st store in Lucknow on M.G. Road, Hazratganj. In the endeavor of making beautiful jewellery accessible, TBZ – The Original is rapidly expanding its retail footprint across the country. With the overwhelming response from its North India store in Noida, TBZ-The Original is now strengthening its
New LGD Identification System by Diamond Services
Hong Kong: Diamond Services, the Hong Kong-headquartered developer of technological systems and services for detecting laboratory grown, imitation and treated diamonds, has announced that it is introducing into its laboratories a new device developed by its own research and development team, which improves the range of detectable merchandise to include all rough and polished stones in the lower yellowish-to-light-brown colour
Coronet Awarded Guinness World Records at Baselworld
Basel: Coronet yet again exceeded expectations at the 2019 Baselworld watch and jewelry trade fair. The brand was awarded its 9th GUINNESS WORLD RECORDS with the ‘most diamonds set on a watch’. Coronet is already a proud title holder of previous 8 GUINNESS WORLD RECORDS for innovative diamond creations, including the most valuable Guitar featuring 1.6kg of 18K gold and
London Police Arrests Nirav Modi
Mumbai: The most wanted accused in PNB fraud case, fugitive jeweler Mr. Nirav Modi was arrested in central London Tuesday on behalf of Indian authorities, the city’s police has said. Mr. Modi will appear at Westminster Magistrates’ Court Wednesday, the Metropolitan Police said in a statement. He, together with his uncle, jeweler Mr. Mehul Choksi, allegedly defrauded India’s Punjab National
Rio Tinto showcases “Oculus Rift” technology
Las Vegas: Rio Tinto Diamonds is bringing the mine to the marketplace by using innovative Oculus Rift technology to provide an interactive virtual journey into its Diavik Diamond Mine in the remote Northwest Territories of Canada. The Oculus Rift will debut at the Rio Tinto booth at the world’s largest diamond jewellery trade show, the JCK Luxury Show, in Las
WDC & KP Sign an MOU
Antwerp: Edward Asscher, President of the World Diamond Council, and Vice Minister Wei Chuanzhong, Chair of the Kimberley Process, signed a Memorandum of Understanding in Antwerp on Friday, May 23, formalizing the agreement for 2014 between the two organizations, according to which WDC finances and operates the Administrative Support Mechanism (ASM) on behalf of the Kimberley Process. The ASM provides
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.
