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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AWDC & ALROSA Sign New Cooperation Agreement
Moscow: On April 24, during the City of Antwerp’s Mission to Russia, organized in cooperation with the Port of Antwerp, leading partner Antwerp World Diamond Centre (AWDC) signed a cooperation agreement with the world’s leading diamond mining company, ALROSA. Leading this mission emphasizes AWDC’s commitment to safeguarding Antwerp’s position as the leading trade hub in the diamond industry, and
De Beers’ Production Goes Up by 15% in Q1
Gaborone: De Beers lifted its rough diamond production by 15 percent to 8.5 million carats in the first quarter of 2018 compared with 7.4 million carats, a year earlier, according to its parent company, Anglo American. The diversified mining group said that the increase in De Beers’ production reflects the ramp-up of production from Gahcho Kué in Canada, which reached
Mugabe Summoned by Zimbabwe Parliament
Harare: Former Zimbabwe President Robert Mugabe has been summoned to appear before a parliamentary committee next month to account for diamond corruption and lost government revenues. If Mugabe, who is 94, does appear before the committee, it will be his first public appearance since his resignation last November. “We have set May 9 as the date on which he will
Diamond Detection Expo & Symposium Inaugurated
Mumbai: The Diamond Detection Expo & Symposium (DDES) 2018 commenced yesterday with an inauguration by The Consul General of the United States of America, HE Mr. Edgard D. Kagan. The DDES, organised by The Gem & Jewellery Export Promotion Council (GJEPC), in affiliation with the Bharat Diamond Bourse (BDB), is being held in the BDB from April 23-25, 2018. It
Gold Smuggling Arrests Jump 750% YoY in India
Mumbai, 14th April: While cases of gold smuggling in India have jumped 265% from 40 in 2012-13 to 146 in 2013-14, the number of people arrested has shot up by 750%, from 30 in 2012-13 to 255 in 2013-14, data from the Directorate of Revenue Intelligence shows, according to a report published in Mineweb. “Gold imports through the legal channel have
