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
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India-SAARC-ME BSM Concluded
New Delhi: The 2nd India SAARC-Middle East Buyer Seller Meet (BSM) organized by India’s Gem & Jewellery Export Promotion Council (GJEPC) from 14th to 16th May 2017 in New Delhi with the support of Ministry of Commerce & Industry, Govt. of India has ended successfully. 38 Indian Manufacturers and 70 international buyers from SAARC and Middle East region including 13
De Beers Reports $520M Rough Sales in 4th Cycle
Gaborone: De Beers sold rough diamonds with a provisional value of $520 million in the fourth sales cycle (Global Sightholder Sales and Auction Sales) of 2017, indicating ongoing strong demand from the global industry. The latest figure compares with $666 million in the year-earlier sale. De Beers’ sales in the third cycle were $586 million and $636 million in the
WPIC: Global Platinum Jewellery Demand Up by 3%
Mumbai: The World Platinum Investment Council (WPIC) has announced the publication of its latest Platinum Quarterly – the first independent, freely-available, quarterly analysis of the global platinum market. This report incorporates analysis of platinum supply and demand during the first quarter of 2017, during which time total mine supply hit 1,330 koz, down 6.3% year-on-year and the lowest since Q3
GJSCI Conducts 4th Edition of Jewel Talks at GIA
Mumbai: Gems and Jewellery Skill Council of India (GJSCI) conducted its 4th edition of ‘Jewel Talks’, a monthly interactive platform between both industry experts and aspirants pursuing a career in the gems & jewellery industry. The once-a-month program was held at GIA, Mumbai for which the spokesperson was Ms. Hetal Vakil, Founder, Vakil’s Institute of Jewellery Design, Mr. Binit Bhatt,
GJEPC Flays Surat Diamantaires on Bourse Plan
Mumbai, 22nd May: The Gems and Jewellery Export Promotion Council (GJEPC), of India has criticized the move by some diamantaires in Surat to shift their Mumbai operations to the proposed Surat Diamond Bourse (SDB) in Surat, reports The Times of India. GJEPC chairman Vipul Shah said, “It is not the prerogative of 50 diamantaires to decide and win over others
India Raises Import Tariff Value of Gold, Silver
Mumbai: India has raised its import tariff value of gold and silver on Wednesday. Indian government has trimmed its import tariff value of gold from $421 per ten grams to $431 per 10 grams and silver from $644 per kilo gram to $ 646 per kilo gram, said the ministry of finance. Import tariff value is the base price on which
Zimbabwe Diamond Output, Sales Dipped in 2013
Harare: Zimbabwe’s diamond output declined 26.1 percent to 8.9 million carats last year, according to Equity Communications, reports Rough&Polished. The Harare-based research company said in a statement emailed told Rough&Polished that Zimbabwe was the only “major” diamond producer, which experienced a “sharp” decline in production and sales last year. It said diamond production in the Southern African country took a knock
JNA Awards 2014: Deadline for Entries Extended to 8th May
Hong Kong: JNA Awards, the annual industry-wide event that honors the innovators and leaders of the international jewellery industry, with a focus on their achievements and contribution in Asia, has now extended the deadline for accepting entries up to 8th May, 2014, an official press release issued by the organizer says. Individuals or companies may submit their entries or on behalf
