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
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Kashi Jewellers Honoured with ‘No.1 Exporter Award’
Lucknow: Kashi Jewellers has won UP Government’s No. 1 Exporter Award in the Gems and Jewellery Industry on 24th January 2019 in Lucknow, the award was presented to Mr. Shreyansh Kapoor, Vice-President, Kashi Jewellers by honorable Governor Mr. Ram Naik and the Chief Minister Mr. Yogi Adityanath. Established in 1955, Kashi Jewellers has made its presence felt both nationally and
De Beers Releases Q4 Production Report
London: De Beers reported that rough diamond sales volumes totaled 9.9 million carats (9.2 million carats on a consolidated basis) from three sales cycles, compared with 8.2 million carats (7.5 million carats on a consolidated basis) from the same number of sales cycles during the equivalent period in 2017. Fourth quarter rough sales revenues increased year on year as the
Arun Mehta Opens Innovation & Incubation Centre
Mumbai: The Founder and Chairman of Rosy Blue, Arun Mehta, widely considered to be the patriarch of the Indian gem & jewellery industry, today inaugurated the Innovation & Incubation Centre at the Indian Institute of Gem & Jewellery (IIGJ), Tardeo. The IIGJ is a project of The Gem & Jewellery Export Promotion Council (GJEPC). The institute operates out of two
Russia to Chair KPCS in 2020
Moscow: Russia will chair the Kimberley Process (KP), an organization aiming to diminish the flow of conflict diamonds in the world market, in 2020, Russian Deputy Finance Minister Alexei Moiseev told Sputnik in an interview. “Russia has not chaired the Kimberley Process since 2005, and we have decided that it is time to fix this and put forward our candidacy.
China’s Gold Demand to Continue For 20 Years
Beijing: China’s strong appetite for gold is expected to continue for the next 20 years, driven by the country’s increasing per capita income and the global shift of gold consumption from the West to the East, the China Gold Association said. In 2013, China’s gold consumption reached 1,176.4 tonnes, making it the world’s biggest gold consumer. Its consumption in 2014
British MPs Urge to Probe Gold Price-Rigging
London: British Members of Parliament (MPs) have called on the UK’s financial watchdog to investigate allegations of price-rigging in the London gold market after a senior regulatory executive said that there may have been co-ordinated attempts to manipulate a crucial benchmark, Financial Times reports. Members of the influential parliamentary Treasury select committee pressed the Financial Conduct Authority to act after
RBI to Swap Gold to Improve Reserves Quality
Mumbai: The Reserve Bank of India (RBI) said yesterday that it had sought quotes from banks to swap gold in its own vaults for international-standard gold, aiming to improve the management of its reserves. The RBI sources said that the measure would “standardize the gold available with RBI in India with respect to international standards” and the gold acquired would
6,000-Gram Gold “Devil’s Ear” Unearthed in Russia
Moscow: Russian miners have unearthed a scary-looking 6,664-gram piece of gold they labeled the “Devil’s Ear” on Friday the 13th. According to the official publication of the local government, workers at the Ukhagan mine in the Bodaybinsky district of Siberia found the piece, the largest nugget ever found in the area, on June 13, the eve of the full moon.
