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’s Polished Exports Down in April
Mumbai: India’s polished diamond exports for April fell 2% year on year to $1.75 billion, figures from the nation’s Gem & Jewellery Export Promotion Council (GJEPC) showed this week. By volume, exports of polished dropped 9% to 2.4 million carats, with the average price growing 8% to $737 per carat. Polished imports slid 17% to $184.9 million, meaning net polished
ALROSA President Visits Angola
Luanda: The president of ALROSA Sergey Ivanov paid a working visit to the Republic of Angola. He inspected the production facilities of the company and held a number of working meetings with Angolan partners to discuss the prospects for the development of ALROSA investment projects in the country. During the meeting with Carlos Sumbula, Chairman of the Board of Directors
Israeli Diamonds to Shine at JCK
Ramat Gan: The Israeli diamond industry will again be among the largest international groups exhibiting at the June 5-8 JCK Show in Las Vegas, the Israel Diamond Institute (IDI) said in a statement. More than 60 Israeli companies will participate “at the most important trade show in Israel’s number one export market”, with the Israel Diamond Pavilion hosting 33 exhibitors
Gold Important Tool or Financial Inclusion: Study
Ahmedabad: In an exhaustive study done among a thousand gold consumers across four districts from four states in urban and rural India it is revealed that gold is an important tool for financial inclusion among Indians. The study was conducted by researchers Misha Sharma, Shambhavi Srivastava and Govind Singh from IFMR Lead and funded by India Gold Policy Centre (IGPC)
GJEPC Launches New Business Development and Marketing Campaign
Las Vegas, 31st May: The Gem & Jewellery Export Promotion Council (GJEPC) of India announced a major, new, multi-level business development campaign at a news conference focused on the U.S., Canadian and South American markets. The purpose of the campaign is to re-invigorate, strengthen and expand GJEPC’s business development efforts and build trusted relationships between India’s key jewelry industry companies
Overseas Traders Invited to Buy Offices in SDB
Surat, 30th May: After Mumbai, now Surat diamantaires are inviting diamond traders from abroad to set up offices at the proposed Surat Diamond Bourse (SDB) here. Road Shows are being organized at Antwerp, Dubai, Hong Kong, China, UAE and Europe, to impress upon diamond traders to buy office space at the proposed diamond bourse, according to a report in The
Demand for Indian Gold Jewellery to Rise
Mumbai: India’s gems and jewellery exporters are set to shine brighter than domestic retailers. Positive signs from export destinations such as higher disposable income and consumer spending as well as improvements in consumer confidence is set to support export volumes of gems and jewellery, maintain analysts. An economic recovery is also set to benefit exporters, reports Mineweb.com. Indian exporters are
IGI Becomes Premier Affiliate Sponsor of NCDIA
New York: The International Gemological Institute (IGI) has joined the Natural Color Diamond Association (NCDIA) as its first premier affiliate member. With an aim to educate consumers and increase global demand and desire for natural color diamonds, NCDIA is a not-for-profit, membership-based organization. Beyond the record-breaking blue and orange diamonds sold recently at auctions, the association has been working to
