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
Top News
De Beers Calls for Research Submissions
Gaborone: De Beers Group has issued a call for the submission of research papers to be presented at the 8th Annual Oppenheimer De Beers Group Research Conference in Johannesburg, South Africa, in October. Academics, students, researchers, site managers and environmental managers that have carried out research on any E Oppenheimer & Son or De Beers Group sites are encouraged to
Angola Has Billion Carats Diamond Reserves
Moscow: Alrosa said a geological research carried out by Angolan and Russian geologists in Angola over the last five years has shown that the country’s diamond reserves are estimated at 1 billion carats. Company deputy director of the geological prospecting unit Victor Ustinov was quoted by Macauhub as saying that more than 950 million carats of the diamond reserves were
Global Diamond Production Down in 2016
Johannesburg: Global rough-diamond production fell by value for the second consecutive year as output declined in the two largest producer countries, according to data the Kimberley Process (KP) released Tuesday. The total value of rough diamonds extracted in 2016 dropped 11% to $12.4 billion from $13.88 billion the previous year, the figures showed. And while production volume grew 5% to
ALROSA Appoints Director for Vladivostok
Moscow: Alexey Ivanov is a new head of ALROSA branch in Vladivostok. He will be in charge of the branch business development, search for new clients and the Company’s expansion at the platform of the Eurasian Diamond Center (EDC). Alexey Ivanov has an extensive experience in the diamond business. In previous years, he was the head of Arcos Diamonds Israel
Zimbabwe Running Diamond Sector like ‘Mafia’
Harare: Zimbabwean opposition politician Innocent Gonese has said that Zimbabwe’s ruling Zanu PF party needs to stop running the country’s diamond sector “like a mafia where everyone involved in the management of the gems is a thief.” The comments were made at a public forum organized by the Southern African Political and Economic Series (SAPES Trust) in Mutare, reported the
DGCX to Launch Spot Gold Contract
Dubai: Dubai Gold and Commodities Exchange (DGCX), a financial and commodity derivatives exchange is getting ready to launch a spot gold contract and a number of commodities, equity and currency derivative contracts between now and the end of the year, said Gary Anderson, CEO of DGCX in an interview with Gulf News. The exchange primarily focused on derivatives is all
GJEPC’s Banking Seminar on Saturday
Mumbai: India’s Gem & Jewellery Export Promotion Council (GJEPC) has organized Diamond, Gem & Jewellery Banking Summit-2014 on Saturday, 28th June 2014 in Mumbai. The who’s who of Banking, Gem & Jewellery Trade and Ministry of Finance officials will be present on one platform to discuss the issues like- Aspects and Present Issues on Financing for the Gem & Jewellery
IDMA Tackles Thorny Issues at 36th WDC
Antwerp: With the close of the 36th World Diamond Congress in Antwerp, Belgium, members of the International Diamond Manufacturers Association (IDMA) concluded their deliberations, after raising and discussing a long list of topics that weigh heavily on the minds of diamond manufacturers worldwide. IDMA President Maxim Shkadov emphasized at the concluding press conference on June 19 that his organization was
