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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De Beers H1 Output up 21% to 16.1 Million Carats
Gaborone: Anglo American said De Beers’ rough diamond production leaped 21 percent to 16.1 million carats during the first half of the year compared with 13.3 million carats, a year earlier, in line with the higher production forecast for 2017. It said Debswana increased its production by 6 percent to 11.1 million carats from 10.5 million carats in the first
Second Edition of Platinum BSM Marks a Milestone
Chennai: The 2nd season of the Platinum Buyer-Seller Meet, a leading platform for manufacturers and retailers to explore the wide range of platinum jewellery, was held on July 5th, 6th & 7th 2017 in Chennai. The aim of the meet was to showcase new product category opportunities, as well as introduce new designs developed by manufacturers for the upcoming festive
CIBJO to Hold Conflict Minerals Laws Impact Seminar
Milan: After four years of discussion and deliberation, in May 2017 the European Council and European Parliament provided overwhelming approval to Regulation (EU) 2017/821, which will regulate minerals from conflict areas into the European Union. The new legislation will significantly impact the operating procedures of jewellery companies in the European Union, as well as companies that supply them from outside
India to Become 2nd Largest Market for Forevermark
Kolkata: Over the years, the Forevermark Forum has evolved into a unique platform for prominent sight holders, manufacturers and leading jewellers from across the country – to shed light on consumer and design trends, conduct business, network, share perspectives and discover the latest innovations. The much-awaited 6th edition of the Forevemark Forum, held by Forevermark, the diamond brand from the
Gold Curb Relaxations on the Way…
New Delhi: The government of India has indicated that there is a need to ease norms for bullion imports to boost supplies and jewellery exports. “There is a need of rationalisation in (gold import) duty and (gold import) procedure….We have already made it clear that there is a need to look at the current gold import regime,” commerce secretary Rajeev
RBI's Credit Limit Troubles Diamond Units
Surat: At least 350 small and medium diamond companies in the world’s biggest diamond cutting and polishing centre in Surat are facing severe financial problems with Indian banks strictly implementing the 90 days credit limit for overseas payment to rough diamond dealers in Antwerp and Dubai for the past four months, reports The Times of India. The Gem and Jewellery
India Eyes Direct Diamond Tie-Ups with Russia
Mumbai: With the threat of US economic sanctions on Russia hanging like a Damocles sword, India’s gem and jewellery industry is gearing to establish direct contacts with Russia, to source rough diamonds, reports Business Line. Supply of roughs from Russia to Dubai and Belgium could be severely impacted if the US imposes economic sanctions on Russia, say exporters. Currently, the
Platinum Prices Slide despite Stalled Strike Deal
Johannesburg: Despite a broad rally in metals prices, PGM futures trading in New York pulled back on Friday despite a fresh impasse in strike negotiations in South Africa. Palladium futures trading on Nymex gave up more than 2% or $17 an ounce on Friday day to trade at $822.50 an ounce, while platinum contracts fell 1.1% or $16 an ounce
