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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India to Boost Mechanism to Up Jewellery Exports
New Delhi: India’s Commerce and Industry Minister Mr. Suresh Prabhu on Friday made a strong point for setting up an institutional mechanism to drive up jewellery exports. Exports of gems and jewellery had declined by 24.5 per cent to USD 3.3 billion in October, from 4.38 billion in the year-ago period. Addressing India Gold Policy and Jewellery Summit organized by
Winners of 2016/17 Shining Light Awards
Gaborone: De Beers Group is pleased to announce the winners of the 2016/17 Shining Light Awards: The De Beers Young Jewellery Designers Skills Development Initiative, which were revealed at a red carpet event in Windhoek, Namibia, last night. The awards, which recognise and celebrate emerging jewellery designers in Botswana, Namibia and South Africa, provide entrants with a valuable platform to
Ahmed Bin Sulayem to Chair DDE in Jan, 2018
Dubai: Ahmed Bin Sulayem, Executive Chairman, DMCC will assume charge as the Chairman of the Dubai Diamond Exchange (DDE) on January 31, 2018 when the current Chairman Peter Meeus steps down after 12 years in that position. In a statement released today, DMCC said this was further to the earlier announcement that Meeus would be stepping down made at
De Beers to Sell Voorspoed Mine
Johannesburg: De Beers Group recently announced it is seeking expressions of interest from potential buyers for its Voorspoed mine in Kroonstad, Free State, South Africa. After evaluating a range of options, the decision to place Voorspoed mine on the market has been taken to provide the opportunity for responsible lower-cost operators to employ a different operating model that could potentially
Demand for Indian Gold Jewellery to Rise
Mumbai: India’s gems and jewellery exporters are set to shine brighter than domestic retailers. Positive signs from export destinations such as higher disposable income and consumer spending as well as improvements in consumer confidence is set to support export volumes of gems and jewellery, maintain analysts. An economic recovery is also set to benefit exporters, reports Mineweb.com. Indian exporters are
IGI Becomes Premier Affiliate Sponsor of NCDIA
New York: The International Gemological Institute (IGI) has joined the Natural Color Diamond Association (NCDIA) as its first premier affiliate member. With an aim to educate consumers and increase global demand and desire for natural color diamonds, NCDIA is a not-for-profit, membership-based organization. Beyond the record-breaking blue and orange diamonds sold recently at auctions, the association has been working to
ADB to Participate in Int’l Diamond Week
Ramat Gan: The Israel Diamond Exchange (IDE) announced that a delegation of the Antwerp Diamond Bourse (Beurs voor Diamanthandel) will join colleagues from the Diamond Dealers Club of New York to take part in the International Diamond Week at the Israel Diamond Exchange, from Monday, September 1 to Thursday, September 4. “We’re very pleased that the Antwerp Diamond Bourse will
EGL International Clarifies…
Ramat Gan: EGL International Managing Partner and CEO Guy D. Benhamou has categorically refuted claims made on a regional television station in the United States that EGL’s grading standards were lower than those of its competitors. He added that it was untrue that EGL had been contacted for comment on the case by the TV station as claimed in an
