We Wish to Build Globally Relevant SKY Gold: Akash Talesara
Israel’s Diamond Industry Under Severe Pressure
Did Natural Diamond Ind. Misjudge LGD Threat?
With December Hike Odds Intact, Can a Midterm Rally Repair Gold, Silver’s Breakdowns?
Macro Snapshot: Gold posted its best week since late August, but it got there on rate relief that had disappeared by Friday. COMEX gold rose 4.5% to $4,074.9 and silver 5.4% to $51.94 while cheaper oil pushed the odds of a December Fed hike down from about 71% on 30 October to 64% ahead of Friday’s payrolls, according to CME FedWatch readings reported by Benzinga and Reuters. The jobs data sent the odds back up to 74.8%, CNBC reported, a
With December Hike Odds Intact, Can a Midterm Rally Repair Gold, Silver’s Breakdowns?
Macro Snapshot: Gold posted its best week since late August, but it got there on rate relief that had disappeared by Friday. COMEX gold rose 4.5% to $4,074.9 and silver 5.4% to $51.94 while cheaper oil pushed the odds of a December Fed hike down from about 71% on 30 October to 64% ahead of Friday’s payrolls, according to CME FedWatch readings reported by Benzinga and Reuters. The jobs data sent the odds back up to 74.8%, CNBC reported, a
Top News
Tanzanian President Asks Mining Minister to Resign
Dar Es Salaam: Tanzanian President John Magufuli on Wednesday ordered Minister for Energy and Minerals Sospeter Muhongo to resign after a report showed he was implicated in mining firms’ undeclared mineral sand exports. The report revealed that the undeclared mineral sand exports led to tax evasion by the mining firms. Magufuli said the report revealed that mining firms, including Acacia
ALROSA-Endiama Sign Agreement
Luanda: ALROSA will develop the new Luaxe diamond deposit in Angola. During the visit of the Russian official delegation on May 23, 2017, the President of ALROSA Sergey Ivanov and the president of the Angola’s national diamond-mining company Endiama Carlos Sumbula signed respective documents on the establishment of the international enterprise Luaxe. Companies signed three documents: a memorandum of understanding,
Zimbabwe Takes Control of Its Diamond Ind. Again
Harare: Zimbabwe has taken over income from all diamond mining activities in the country after injecting $80m into the Zimbabwe Consolidated Diamond Company (ZCDC), a state-owned company mandated to run diamond mining activities, reports miningmx. The Zimbabwe Government’s Finance Minister, Patrick Chinamasa, has now stated, “the diamonds belong to the fiscus” in a time of decline in gem mining operations
Ekati Mine's Life Could Extend till 2035
Toronto: Dominion Diamond Corporation reported that the positive results of a pre-feasibility study on the development of an underground operation below the Misery open pit could extend the mine life of Ekati till fiscal 2035. The estimated inaugural probable mineral reserves at Misery Deep are 1.8 million tonnes and 8.7 million carats, Dominion said. The Misery Main pipe is currently
De Beers & Endiama Discover New Kimberlites in Angola
Luanda: De Beers Group, together with Angola’s national diamond company, Endiama, yesterday announced a significant step forward in their joint exploration efforts with the discovery of kimberlite, the host rock for diamonds, in Angola. In July 2025, the De Beers-Endiama joint venture successfully intersected kimberlite in its first drill hole into a high-priority cluster of targets, identified from the airborne
GJEPC Unveils Bold & New Initiatives
Mumbai: India’s Gem & Jewellery Export Promotion Council (GJEPC) announced major initiatives that reflect the Council’s commitment to innovation, digital transformation, and national pride. During the recently concluded IIJS Premiere 2025, Mr. Nirav Bhansali, Convener – National Exhibitions, GJEPC and Mr. Sabyasachi Ray, Executive Director, GJEPC, gave a lowdown on the new projects aimed at elevating India’s position in the
Titan Plans to Shift Manufacturing Units to UAE
Mumbai: Titan, India’s largest jeweller and watchmaker, is considering moving part of its manufacturing operations to the UAE to preserve low-tariff access to U.S. markets amid escalating trade tensions between Washington and New Delhi, according to media reports. A part of the Tata Group, Titan recently announced plans to acquire a majority stake in Dubai-based luxury retailer Damas, which runs
Gemfields Sells ‘Faberge’ for $ 50 Million
London: Gemfields announces that it has signed an agreement to sell its entire interest in wholly owned Fabergé Limited (‘Fabergé’), the iconic luxury brand, to SMG Capital LLC (the ‘Buyer’), for a total consideration of USD 50 million. Of that sum, USD 45 million is payable to Gemfields by the Buyer on completion of the sale (which is expected on
