We Wish to Build Globally Relevant SKY Gold: Akash Talesara
Israel’s Diamond Industry Under Severe Pressure
Did Natural Diamond Ind. Misjudge LGD Threat?
With December Hike Odds Intact, Can a Midterm Rally Repair Gold, Silver’s Breakdowns?
Macro Snapshot: Gold posted its best week since late August, but it got there on rate relief that had disappeared by Friday. COMEX gold rose 4.5% to $4,074.9 and silver 5.4% to $51.94 while cheaper oil pushed the odds of a December Fed hike down from about 71% on 30 October to 64% ahead of Friday’s payrolls, according to CME FedWatch readings reported by Benzinga and Reuters. The jobs data sent the odds back up to 74.8%, CNBC reported, a
With December Hike Odds Intact, Can a Midterm Rally Repair Gold, Silver’s Breakdowns?
Macro Snapshot: Gold posted its best week since late August, but it got there on rate relief that had disappeared by Friday. COMEX gold rose 4.5% to $4,074.9 and silver 5.4% to $51.94 while cheaper oil pushed the odds of a December Fed hike down from about 71% on 30 October to 64% ahead of Friday’s payrolls, according to CME FedWatch readings reported by Benzinga and Reuters. The jobs data sent the odds back up to 74.8%, CNBC reported, a
Top News
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
Jwaneng Mine's Life to be Extended
Gaborone: Debswana, De Beers’ Botswana joint venture, has launched a new project set to extend the life of its Jwaneng mine until 2035. The Cut-9 expansion, which will cost Debswana approximately $2 billion, is expected to produce an estimated 53 million carats of rough diamonds, the company said Monday. “With global consumer demand for diamonds reaching record levels in 2018,
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
Bitcoin Growing in Adoption
New York: The cyber currency bitcoin is seeing increasing adoption, said a May 31 panel on “Bitcoin and the Jewelry Industry: What You Need to Know.” “In terms of the world’s economic system, bitcoin is doing small numbers,” said the panel’s moderator Verichannel CEO Jacques Voorhees, whose son works for a bitcoin company. “But the adoption rate is soaring.” Some
