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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Zimbabwe Doubles Diamond Production in 2017
Harare: The government of Zimbabwe reports it has doubled its diamond production to 1.8 million carats in 2017, from 961,000 carats in 2016, the drop in production exacerbated by Zimbabwe’s merging of diamond mining companies previously operating in Chiadzwa diamond fields into the Zimbabwe Consolidated Diamond Company (ZCDC). The rise in diamond production is expected to translate into increased economic
GST Raids on Diamond Couriers in India
Mumbai: Transportation of rough and polished diamonds between Mumbai and Surat have come to a halt after the Goods and Services Tax department (GST) raided several angadias, or traditional couriers who ferry the goods between the two cities, according to a report published in The Tribune. According to traders here, officials from the GST and Central Excise department raided more
Gemfields-FABERGÉ Unveil Laser-Inscribed Emerald
London: Gemfields and Fabergé have unveiled what is believed to be the world’s first emerald, laser-inscribed with traceability information and a personalised message. The 4.11 carat, lively green emerald-cut gemstone was mined at Gemfields’ Kagem emerald mine in Zambia. The gem was then acquired and mounted by Fabergé as a custom-crafted item for the successful winner of a charity auction
PNG Jewellers Arranges Meet & Greet With Salman
Mumbai: Recognized by its originality and their customer centric services across the globe, P.N. Gadgil Jewellers orchestrates a ‘Meet-and-greet with Bollywood Superstar Salman Khan’ on 12th January, 2018 during the launch of its 27th store at Pimpri, Pune. As a part of the Diwali’17 campaign offered by P.N. Gadgil Jewellers from 21st September, 2017 till 31st, October 2017 on making
AGL Celebrates Five Years under New Management
New York, 15th April: American Gemological Laboratories (AGL), a provider of high-quality gemstone analysis and reporting is celebrating its five-year anniversary under the stewardship of Christopher P. Smith. “Five years ago, AGL was re-privatized during one of the most difficult periods the US and world financial markets have experienced in recent decades. AGL, however, had a good reputation and we did
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
