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
De Beers Completes Acquisition of Peregrine Diamonds
Toronto: De Beers Group announced the completion of the previously announced Plan of Arrangement pursuant to which De Beers Canada has acquired all of the outstanding securities of Peregrine Diamonds Ltd (“Peregrine”) at a purchase price of C$0.24 per share, for a total cash consideration of C$107 million. The acquisition includes the high quality Chidliak diamond resource located in Canada’s
Largest Fancy Purplish Red Diamond by Rio Tinto
Mumbai: Rio Tinto’s iconic Argyle Pink Diamonds Tender is being showcased to connoisseurs and collectors from across Asia in Hong Kong. Headlining the 2018 collection of 63 pink, red and violet diamonds is The Argyle Muse™, a 2.28 carat polished oval diamond, the largest purplish red diamond ever offered at Tender. With an unrivalled potency of colour The Argyle Muse™
94 Indian Cos Participating in HK Jewellery & Gem Fair
Mumbai: India Pavilion at the September Hong Kong Jewellery & Gem Fair, would be represented by 94 leading Indian manufacturers/exhibitors showcasing their strength and skill in manufacturing world class gems and jewellery. Hong Kong has been the largest export market for the Indian Gem & Jewellery industry, and this platform has provided the requisite opportunity to take its exports further over the
RZ Murowa Holdings Ltd. Joins DPA
Mumbai: The Diamond Producers Association (DPA) has announced that RZ Murowa Holdings Ltd., majority owner and operator of Murowa Diamonds Private Ltd. (“Murowa Diamonds”), has joined the DPA, effective 1 July. Murowa Diamonds operates the Murowa mine in Zimbabwe, which was purchased from Rio Tinto in 2015 and expanded significantly under its new leadership. Manit M. Shah, Chief Operating Officer
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
Fresh Diamond Looting Spree in Marange
Harare: Observers have reported a fresh diamond looting spree, with security and army chiefs said to be working hand in glove with senior mining companies’ staff in the scam. Reports said the swindle is being spurred on by panic among mining staff members who are not sure of their fate following a government announcement that it will streamline diamond mining
GJEPC Launches New Business Development and Marketing Campaign
Las Vegas, 31st May: The Gem & Jewellery Export Promotion Council (GJEPC) of India announced a major, new, multi-level business development campaign at a news conference focused on the U.S., Canadian and South American markets. The purpose of the campaign is to re-invigorate, strengthen and expand GJEPC’s business development efforts and build trusted relationships between India’s key jewelry industry companies
Overseas Traders Invited to Buy Offices in SDB
Surat, 30th May: After Mumbai, now Surat diamantaires are inviting diamond traders from abroad to set up offices at the proposed Surat Diamond Bourse (SDB) here. Road Shows are being organized at Antwerp, Dubai, Hong Kong, China, UAE and Europe, to impress upon diamond traders to buy office space at the proposed diamond bourse, according to a report in The
