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
Birla Jewels Sets Foot in Madhya Pradesh
Morar: Birla Jewels Ltd. announced entry of their jewellery retail store “BJEWELZ” in Morar, Madhya Pradesh (India). Birla Jewels, a chain of jewellery retail stores with the launch of their store at Sadar Bazar, Morar offers a vast and versatile collection of modern, contemporary as well as conventional jewellery at affordable prices. With a firm focus on affordability, quality and
IDE Opens Diamond Tech Innovation Center
Ramat Gan: The Israel Diamond Exchange (IDE) joins the “Start-Up Nation” with the opening of Diamond Tech Innovation Center – a technological incubator for Israeli and international diamond-related start-ups. Diamond Tech will provide a home and financial support for start-ups that are in the initial stages of development. Through this initiative IDE plans to promote new technologies for diamonds in
CIBJO Pres Meets Thailand Commerce Minister
Bangkok: CIBJO President Gaetano Cavalieri has met in Bangkok with Mrs. Apiradi Tantraporn, the Minister of Commerce of the Republic of Thailand, to discuss preparations for the 2017 CIBJO Congress, which will take place in the city in November, and also ways in which CIBJO and the congress can assist in enhancing the role of Thailand in the international jewellery
India to Set up Bullion Bank
New Delhi: The Indian Government is working on a gold bank that will aim at building a higher level of transparency, increase value addition, and protect customers while ensuring the growth of this job-creating sector, reports Business Standard. The government, in principle, has decided to set up a gold spot exchange, improve measures for compliance by the jewellery industry, increase
CIBJO Releases Colored Stone Special Report
Milan: With fewer than five weeks to go to the opening of the 2014 CIBJO Congress in Moscow on May 19, 2014, the fourth of the CIBJO commissions Special Reports has been released, as stated in a press brief. Prepared by the CIBJO Colored Stone Commission, headed by Nilam Alawdeen, the report focusses on the proper disclosure of gemstone treatments and
Indias Silver Jewellery Exports Double
Mumbai: A shortage of gold as a raw material and the consequent decline in gold jewellery exports appears to have opened up new avenues of growth for silver jewellery in India, reports Mineweb. Indias silver jewellery exports rose 45.33% to $84.1 million in February 2014, and jumped 89% in the 11-month period to $1.35 billion, according to data from the Gem
AGL Celebrates Five Years under New Management
New York, 15th April: American Gemological Laboratories (AGL), a provider of high-quality gemstone analysis and reporting is celebrating its five-year anniversary under the stewardship of Christopher P. Smith. “Five years ago, AGL was re-privatized during one of the most difficult periods the US and world financial markets have experienced in recent decades. AGL, however, had a good reputation and we did
Gold Smuggling Arrests Jump 750% YoY in India
Mumbai, 14th April: While cases of gold smuggling in India have jumped 265% from 40 in 2012-13 to 146 in 2013-14, the number of people arrested has shot up by 750%, from 30 in 2012-13 to 255 in 2013-14, data from the Directorate of Revenue Intelligence shows, according to a report published in Mineweb. “Gold imports through the legal channel have
