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
India Becomes China’s Second Top Diamond Exporter
Mumbai: India has further strengthened its bilateral trade with China, exporting diamonds and gemstones amounting to US$588 million in the first quarter of 2017. With improving trade relations, India has risen to become the second largest exporter of diamonds and gemstones to China, according to the Consulate General of India in Shanghai (CGI Shanghai). India’s exports to China ballooned by
India’s Economy to Grow by 7.2% in 2017-18
New Delhi: The World Bank believes the demonetization of high value currency notes last year and the upcoming introduction of the goods and services tax (GST) will help India’s economy to grow by 7.2% in fiscal year 2017-18 – the highest rate in the world. The World Bank believes that demonetization, which caused widespread disruption to the country’s diamond trade
De Beers Confident Diamonds Will Recover
Gaborone: De Beers Group of Companies says it is optimistic on the group’s outlook of the diamond industry market globally as there are signs of recovery. Speaking recently at the Botswana-France Business Forum at the Diamond Trade Centre (DTC) Botswana, Vice President Corporate Affairs & Government Relations De Beers Global Sightholder Sales (DBGSS) Pat Dambe said that the company was
WDM to Collect Diamond Stories at JCK
Hong Kong: The World Diamond Mark Foundation (WDM) will be present at the JCK Las Vegas show to meet and greet retail jewellers and ask them to share their special diamond stories. The team will be at the show from June 5th, the day after the WDM’s Keynote Talk on June 4th at Tradewinds C/D, Pool Level of Mandalay Bay,
ADB to Participate in Int’l Diamond Week
Ramat Gan: The Israel Diamond Exchange (IDE) announced that a delegation of the Antwerp Diamond Bourse (Beurs voor Diamanthandel) will join colleagues from the Diamond Dealers Club of New York to take part in the International Diamond Week at the Israel Diamond Exchange, from Monday, September 1 to Thursday, September 4. “We’re very pleased that the Antwerp Diamond Bourse will
EGL International Clarifies…
Ramat Gan: EGL International Managing Partner and CEO Guy D. Benhamou has categorically refuted claims made on a regional television station in the United States that EGL’s grading standards were lower than those of its competitors. He added that it was untrue that EGL had been contacted for comment on the case by the TV station as claimed in an
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
