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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Trading in Carat Coins Launched
Mumbai: Carats.io has announced that its diamond-backed CARAT coin is now being traded on the Hotbit.io digital asset exchange platform (https://www.hotbit.io/exchange?symbol=CARAT_BTC), with promising volumes of trade that are increasing from day to day. Carats.io said that it selected to launch its currency on the Hotbit platform because of the crypto-exchange’s strong presence in the Southeast Asia markets, which is
Mark this Daughter’s Day with Rare Platinum
Mumbai: A daughter brings out the soft and nurturing side of you. If you have known the love of a daughter or you have been blessed by the love of a daughter-in-law, you will know exactly how lucky you are. This precious love must not only to be cherished, but also celebrated with rare & precious Platinum jewellery. Gift these young, spirited, courageous women what
AGD Diamonds Enters International Diamond Market
Mumbai: JSC Arkhangelskgeoldobycha was officially renamed ‘JSC AGD DIAMONDS’ recently due to its new marketing policy and the brand’s international positioning aimed at its customers, the buyers of rough diamonds. During the month of June, the company produced 234,000 tons of ore at the Grib Diamond Field and raked in more than $46 million from rough sales. According to Sergey
Synthdetect Wins Innovation of the Year at JNA Awards
Hong Kong: The International Institute of Diamond Grading & Research (IIDGR), a member of De Beers Group announced that its industry-first synthetic screening device, SYNTHdetect, was awarded Industry Innovation of the Year at last night’s JNA Awards in Hong Kong. Launched last year, SYNTHdetect is the first synthetic diamond screening device to simultaneously test multiple stones in set jewellery and
Angola Sets 10M Carat Output Target in 2014
Luanda: Angola, the fourth-largest diamond producer in the world, aims to ramp up production this year, setting itself an output target of 10 million carats. “This year we have an ambitious target of 9.5 million carats in production and 550,000 carats in artisanal production, which means we have to produce 10 million carats,” said Angola Geology and Mining Minister Francisco
India's Diamond Imports' Get 180 Days' Credit
Mumbai, 8th July: The Reserve Bank has relaxed norms governing import of rough, cut and polished diamonds by doubling the credit time period to 180 days. “…it has been decided, in consultation with the government, that the Clean Credit i.e. credit given by a foreign supplier to its Indian customer/ buyer, without any Letter of Credit (Suppliers’ Credit)/Letter of Undertaking
Kiran Gems Gives First Melee Screening Machine
Mumbai: Kiran Gems, the world’s largest manufacturer of diamonds, had the first [De Beers] International Institute of Diamond Grading and Research’s (IIDGR) diamond Automated Melee Screening (AMS) machine commissioned at its headquarters in the Bharat Diamond Bourse (BDB), Mumbai. AMS is currently the most advanced machine with the latest technology in CVD screening. Dinesh Lakhani, director of global sales said:
Forevermark Eyeing 30% Revenue from India
Jaipur: Forevermark, the premium diamond brand from the world’s largest diamond company, De Beers Group, expects India to contribute about 30 per cent to the brand’s global sales in three-four years from about 15 per cent now. Forevermark, which entered the Indian market in 2011, retails through over 150 retailers and wholesalers across the country. The company doesn’t intend to
