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
Top News
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
Hardest Synthetic Diamond Ever Made Unveiled
Beijing: Chinese researchers from Yanshan University have created a synthetic diamond harder than its natural counterpart and able to withstand even hotter temperatures, according to a report published in mining.com The team, led by Yongjun Tian, says the new form of diamond could be used to make superior cutting or crushing tools, capable of operate under very extreme conditions. The
'Presidents Forum' Formed
Antwerp: The heads of the jewellery and diamond industry’s four leading international representative bodies have agreed on Tuesday to establish “The Presidents Forum,” which is a joint consultative committee with its members being the presidents of each organization. Together they will discuss and formulate coordinated strategies and policies for the industry on important issues of common interest. Hosted by Dr.
First Texas-Israel Diamond Show in September
Ramat Gan: This fall strategic cooperation between the Texas Jewelers Association (TJA) and the Israel Diamond Institute (IDI) will produce the first Texas-Israel Diamond Show in San Antonio from September 29 – 30, 2014. This is the first time that jewelers in Texas and surrounding states will be offered the opportunity to buy diamonds directly from the source. The unique
India Hikes Import Tariff Value on Gold, Silver
New Delhi: The Indian government yesterday hiked import tariff value on gold and silver to USD 411 per 10 grams and USD 632 per kg as global prices have increased in the wake of escalating violence in Iraq. In the first fortnight of this month, tariff value on imported gold stood at USD 408 per 10 grams and silver at
