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,
Chaim Zohar Awarded Life Membership of DDC
Johannesburg: Renowned diamond industry journalist Chaim Even-Zohar has been awarded an Honorary Life Membership of the Diamond Dealers Club of South Africa (DDC) for his lifetime dedication and contribution to the diamond industry. Ernie Blom, Chairman of the DDC and World Federation of Diamond Bourses President, presented Even-Zohar with the membership certificate. “We, as the Diamond Dealers Club of South
ALROSA and DDC Sign MoU
Las Vegas: ALROSA and Diamond Dealers Club of New York signed a Memorandum of Understanding (MoU) aimed to develop the diamond industries of Russia and the USA.The document was signed at an official ceremony in Las Vegas on 30 May by Reuven Kaufman, President of the DDC, and Alexander Malinin, Director of “Brillianty ALROSA” (ALROSA’s cutting and polishing division). The
Surat to Set Diamond Bourse in 2 Lakh Sq. Yards
Surat: Surat, known as a hub for processing of rough diamond is readying itself to set up a world class diamond bourse having trading facilities which will integrate processing and house all those interested in diamond business at one place, reports The Times of India. The proposed bourse may be of the size of the one existing in Mumbai. Mumbai’s
EGL Uncovers 4 Synthetics in Parcel of 20 Stones
Ramat Gan: In an unusual case, EGL International in Israel said it has discovered four synthetic diamonds in a parcel of 20 stones submitted by a long-time client, reports idexonline.com. The lab-grown diamonds were uncovered in the first phase of testing using FTIR infrared spectroscopy, said EGL International Managing Partner and CEO, Guy D. Benhamou, who added that the diamonds
