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
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IIJS 2018 to be Inaugurated by Suresh Prabhu
Mumbai: The 35th edition of India International Jewellery Show (IIJS) 2018 is all set to showcase India’s leadership role in the gem and jewellery sector from 9thAugust – 13th August, 2018 at Bombay Exhibition Centre, Goregaon. India’s premier show will be Inaugurated by the union minister of Commerce and Industry and Civil Aviation Mr. Suresh Prabhu as chief guest. Mr. C. R.
Indian Gold Demand fell 8% in Q2: WGC
Mumbai: Global gold demand remained muted in Q2 2018 at 964 tonnes (t), 4% below the same period in 2017, according to the World Gold Council’s (WGC) latest Gold Demand Trends report. Slower inflows into gold-backed exchange-traded funds (ETFs) created a weak comparison against the highs of last year, contributing to the lowest H1 demand since 2009. Whilst China, the
GJEPC Organized 44th Edition of Annual Awards
Mumbai: The Gem & Jewellery Export Promotion Council (GJEPC), the apex industry body organised 44th edition of India Gem & Jewellery Awards at Mumbai to felicitate the names of the winners from gem and jewellery industry in all the categories. The glittering awards ceremony was held in presence of Honorable Union Minister for Commerce and Industry and Civil Aviation, Mr. Suresh Prabhu
IGDA Welcomes FTC’s Revised Jewellery Guides
Morrisville, NC: The International Grown Diamond Association (IGDA) welcomes the revisions introduced by Federal Trade Commission (FTC) to the Jewelry Guides. This revision, which is the Guides’ first major overhaul since 1996, primarily acknowledges technological developments that have led to existence of diamonds that are formed both below and above the ground. In a detailed statement explaining the changes, the FTC notes, “The Commission
Unlocking Digital Gold’s US$ 700bn Opportunity
Las Vegas: The digital gold market, worth US$45–55bn today, could unlock up to US$700bn in latent demand, according to new research from World Gold Council (WGC) and Boston Consulting Group. The report points to substantial untapped appetite among retail investors, with nearly nine in ten surveyed saying they would consider digital gold under the right conditions. The US$700bn opportunity represents
Construction of India Jewellery Park, Mumbai Begins
Navi Mumbai: The Gem & Jewellery Export Promotion Council (GJEPC) yesterday marked a historic milestone in the development of India Jewellery Park Mumbai (IJPM) with the commencement of construction at Mahape, Navi Mumbai. The ceremony marks the transition of this long-cherished industry vision into the construction phase, bringing India’s ambition to establish a world-class, integrated jewellery manufacturing hub a significant
Qatar Diamond Exchange Broadens Asian Presence
Doha: The Qatar Diamond Exchange (QDE) has signed a Memorandum of Understanding (MoU) with the Diamond Federation of Hong Kong, China (DFHK), establishing a strategic partnership between the two organizations. The agreement was formalized in Hong Kong by Ghanim Al-Saadi, Director of the Qatar Diamond Exchange, and Lawrence Ma, President of DFHK. Founded in 2000, DFHK represents Hong Kong’s diamond
Diamonds for Development Fund Receives Initial Funding
Gaborone: The Government of the Republic of Botswana and De Beers Group yesterday announced that De Beers Group has transferred its initial contribution of BWP1 billion to the Diamond for Development Fund, marking a major milestone in the progress of the Fund and its mandate to support Botswana’s long-term economic diversification. The disbursement follows the establishment of the Fund’s governance
