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
ALROSA’s Revenue Grew 33% in May
Moscow: ALROSA, the world leader in diamond mining, has announced diamond sale results for May and the first five months of 2017. In May 2017, the Company sold rough and polished diamonds worth USD 472.1 million, which is 33% higher compared to a year earlier. Revenue from rough diamond sales amounted to USD 467.6 million, polished diamond sales – USD
JA and DCA Agree to Collaborate
New York: Jewellers of America (JA) and the Diamond Council of America (DCA) have decided to work together toward their shared goal of supporting the jewellery industry, the two trade organizations announced recently. The groups’ boards voted in favour of an affiliation agreement that will enable them to align their missions and operations better, but still be independent bodies, they
Synthetic Diamond Identification Made Easy
Las Vegas: Gemmological Institute of India (GII), Mumbai and Arotek Scientific Instruments Pvt. Ltd., jointly developed an advanced version of the existing Q-CHK Instrument. Mr. Anup Zaveri, Trustee of GII addressed the gathering of the diamantaires at a breakfast meeting held at Hotel Mandalaly Bay Resort & Casino, BanyanD, Level 5, South Convention Center, 3950 Las Vegas Blvd, Las Vegas,
D.E.F. Bestows Diamonds Do Good Awards
Las Vegas: On the eve of the opening of JCK Las Vegas show, the Diamond Empowerment Fund (D.E.F.) raised over $1,060,000 to provide scholarships and assistance to empower young people globally. Anna Martin, D.E.F President and V.P Global Development and Beneficiation, GIA, said, “This event symbolizes the collective good the diamond and jewellery industry continues to do in communities around
Rio Tinto showcases “Oculus Rift” technology
Las Vegas: Rio Tinto Diamonds is bringing the mine to the marketplace by using innovative Oculus Rift technology to provide an interactive virtual journey into its Diavik Diamond Mine in the remote Northwest Territories of Canada. The Oculus Rift will debut at the Rio Tinto booth at the world’s largest diamond jewellery trade show, the JCK Luxury Show, in Las
WDC & KP Sign an MOU
Antwerp: Edward Asscher, President of the World Diamond Council, and Vice Minister Wei Chuanzhong, Chair of the Kimberley Process, signed a Memorandum of Understanding in Antwerp on Friday, May 23, formalizing the agreement for 2014 between the two organizations, according to which WDC finances and operates the Administrative Support Mechanism (ASM) on behalf of the Kimberley Process. The ASM provides
ALROSA Expects 5-Percent Growth in Rough Prices
Moscow: ALROSA expects that global rough prices will go up by 5% in 2014 over the last year, according to the ITAR-TASS report from St. Petersburg. This was disclosed to journalists on the sidelines of the St. Petersburg International Economic Forum by Fyodor Andreev, President of ALROSA. “We reckoned on a growth rate of 5%. I think it is achievable,”
Zimbabwe Orders Miners to Sell Gems through RBZ
Harare: The cash-strapped ruling ZANU PF government has issued an order to all diamond miners in the country to sell their gems through the Reserve Bank of Zimbabwe (RBZ). The permanent secretary in the Ministry of Mines, Francis Gudyanga, reportedly wrote a letter to the companies explaining that the central bank will use the diamonds to secure a government loan.
