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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Lulo Achieves Huge Sales Growth
Luanda: Rough-diamond sales from the Lulo mine in Angola rose 58% in the second quarter, reaching $4.8 million, owner Lucapa Diamond Company reported Wednesday. First-half sales slumped 41% to $15.4 million, partly because in the same period the previous year, the company sold a 404-carat rough diamond — the largest in Angolan history — for $16 million. Meanwhile, second-quarter production
Platinum 'Season of Love' Gets Big Thumb’s Up!
Mumbai: Platinum ‘Season of Love’, is an exclusive in- store festival, where customers commemorate their love in true platinum style. The 2017 edition of ‘Season of Love’ was celebrated across all leading platinum jewellery retailers across India, from 15th May to 15th June and had extraordinary offers available for customers on the purchase of platinum jewellery. Platinum is a metal
Gold Jewellery Demand May Grow by 9%: ICRA
Mumbai: The gold jewellery demand is expected to grow by nine per cent in value during calendar year (CY) 2017, following rapid formalization of the sector, ICRA said in a report. “The gold jewellery demand is expected to grow by nine per cent in values and six per cent in volumes during CY 2017,” rating agency ICRA said in a
West Bengal Govt. Lures Mumbai’s G&J Sector
Kolkata: The Mamata Banerjee government will start hunting for business in Mumbai on Tuesday in the run-up to the fourth Bengal Global Business Summit (BGBS), to be held in Kolkata on January 17-18 next year, reports The Times of India. The roadshow for Bengal’s flagship business summit at India’s business capital will be led by Bengal finance minister Amit Mitra,
KP Should Focus on Conflict-Torn Regions only
Shanghai: The newly elected president of the World Diamond Council (WDC) Edward Asscher, put a chill Tuesday on the movement to expand the scope of the Kimberley Process and so cover general human rights abuses, stating the trade body should focus exclusively on diamonds proceeding from conflict zones. Speaking at the Intercessional Meeting of the Kimberley Process in Shanghai, Asscher
DDE’s Peter Meeus Hits Back at PAC Claims
Dubai: Dubai Diamond Exchange Chairman Peter Meeus replied to what he called “serious allegations” made by Partnership Africa Canada about Dubai at the Kimberley Process (KP) Intersessional meeting taking place in Shanghai. “First of all we were surprised to see that Mr. Martin quoted an FAFT (Financial Action Task Force) report on ML/TF (Money Laundering/Terrorism Financing) of 150 pages in
Israel Exchange to Create Code of Ethics
Ramat Gan: In what appears to be a ground-breaking move for a diamond bourse, the Israel Diamond Exchange (IDE) has begun moves to create a code of ethics by which its members would be expected to operate. At a meeting at the bourse, IDE President Shmuel Schnitzer and management members discussed the creation of such a code with Israeli experts
China’s Jewellery Sales Accounted for 41%
Beijing: Mainland China is a major jewellery consumer in the world. According to the recently released China Jewellery Industry Report, 2013-2016, last year jewellery sales in Chinese Mainland approximated $75.8 billion, which is equivalent to 41.2 % of the global consumption. In Mainland China, the gold jewelry consumption accounts for about 50% of the total jewellery consumption. In 2013, two
