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
GJEPC Elects Chairman & Vice Chairman for 2018-20
Mumbai: The election results for the Chairmanship and Vice Chairmanship of GJEPC was announced today. Mr. Pramod Kumar Agarwal has been elected as the Chairman and Mr. Colin Shah has been elected as the Vice Chairman of GJEPC for the period of 2018 to 2020. Thanking the industry and GJPEC members for electing him, the new GJEPC Chairman, Mr. Pramod
Mumbai Shopping Festival Inaugurated
Mumbai: The Chief Minister of Maharashtra Mr. Devendra Fadnavis on Friday inaugurated the 20-day Mumbai Shopping festival. “I am sure from next year onwards it will become a global festival. You have created a brand of Mumbai,” said Fadnavis, adding like Ganpati, this festival will also capture the imagination of people from across the globe. He described the festival as
Shmuel Schnitzer Steps Down as IDI Chairman
Ramat Gan: In the wake of the departure of Shmuel Schnitzer from the post of Chairman of the Israel Diamond Institute (IDI), the organization’s Board of Directors has stated its appreciation for his years of service as Chairman of IDI and as a leader of the diamond industry. The IDI Board released a statement saying, “The Board of Directors of
Pearls and Corals to be Focused at CIBJO Seminar
Milan: Environmental, as well as social and economic responsibility in the jewellery sector will be the focus of a seminar scheduled for Monday, January 22, 2018, during the VICENZAORO January 2018 jewellery trade show in Vicenza, Italy. Titled “Green and Blue Jewellery, Environmentally Sustainable Luxury,” it is being organised by CIBJO, the World Jewellery Confederation, and the Italian Exhibition Group,
Rio Tinto showcases “Oculus Rift” technology
Las Vegas: Rio Tinto Diamonds is bringing the mine to the marketplace by using innovative Oculus Rift technology to provide an interactive virtual journey into its Diavik Diamond Mine in the remote Northwest Territories of Canada. The Oculus Rift will debut at the Rio Tinto booth at the world’s largest diamond jewellery trade show, the JCK Luxury Show, in Las
WDC & KP Sign an MOU
Antwerp: Edward Asscher, President of the World Diamond Council, and Vice Minister Wei Chuanzhong, Chair of the Kimberley Process, signed a Memorandum of Understanding in Antwerp on Friday, May 23, formalizing the agreement for 2014 between the two organizations, according to which WDC finances and operates the Administrative Support Mechanism (ASM) on behalf of the Kimberley Process. The ASM provides
ALROSA Expects 5-Percent Growth in Rough Prices
Moscow: ALROSA expects that global rough prices will go up by 5% in 2014 over the last year, according to the ITAR-TASS report from St. Petersburg. This was disclosed to journalists on the sidelines of the St. Petersburg International Economic Forum by Fyodor Andreev, President of ALROSA. “We reckoned on a growth rate of 5%. I think it is achievable,”
Zimbabwe Orders Miners to Sell Gems through RBZ
Harare: The cash-strapped ruling ZANU PF government has issued an order to all diamond miners in the country to sell their gems through the Reserve Bank of Zimbabwe (RBZ). The permanent secretary in the Ministry of Mines, Francis Gudyanga, reportedly wrote a letter to the companies explaining that the central bank will use the diamonds to secure a government loan.
