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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Recent Auctions Underscore Colored Diamond Interest
Toronto: Diamonds, especially the fancy colored stones – continue to hold investors in thrall, and auction houses are ensuring the fascination endures with sales featuring some stunning selections. The market for diamonds continues on its upward trajectory,” said Michael King, Director of Trading for Paragon International Wealth Management. “And it’s not just the beauty and unusualness of many of the
De Beers Canada Receives 2 National Safety Awards
Toronto: De Beers Canada received two prestigious national safety awards at the Canadian Institute of Mining, Metallurgy and Petroleum (CIM) annual convention awards gala on May 1. De Beers Victor Mine received its second consecutive national John T. Ryan Award in the select mines category for having the lowest accident frequency rate during 2016. Gahcho Kué Mine received the 2017 Hatch-CIM
China Protests Taiwanese Delegation at KP Meet
Perth: The opening day of the May 1-4 Kimberley Process Intersessional Meeting in Perth was noisily disrupted by the Chinese delegation which was upset by the presence of the Taiwanese group. Following the disruption, which was described as “extraordinary”, Australia complained to China’s ambassador to the country. One high-level Australian attendee told the BBC: “It was disgusting.” China regards Taiwan
Industry Close to Tracking 'Fingerprint for Stones'
New York: Artisanal diamond miners, such as this one in Brazil, are the main cause of conflict diamonds entering the supply chain, according to the WDC. A scientific solution for identifying and eradicating “blood diamonds” from the global supply chain could exist within a matter of years, the afr.com portal says, as the industry is put under increasing pressure by
WGC Launches ‘It’s Aaj ka Gold’ Campaign
Mumbai: The World Gold Council (WGC) recently announced the launch of its first India-focussed gold ETF campaign, built around the powerful core message ‘It’s Aaj Ka Gold’ (means ‘Today’s gold). The campaign is aimed at modernizing gold investment for the nation’s digital-savvy young investors. The campaign aims to address the awareness–action gap and reinforce the accessibility, liquidity and strategic relevance
GJSCI’s Initiative on Tribal Youth Empowerment
Mumbai: The Shrimad Rajchandra Skill Development Centre, set up in partnership with the Gem & Jewellery Skill Council of India (GJSCI) in September 2022, is helping tribal youth in Dharampur, Valsad, in southern Gujarat build sustainable careers in the gem and jewellery sector. The centre offers training in jewellery CAD design, a key skill in modern jewellery manufacturing. Supported by
Zen Diamond Opens Store in Chandigarh
Chandigarh: Zen Diamond continues to expand its presence in India with the opening of its latest boutique at Nexus Elante Mall, Chandigarh. After establishing a strong foothold in Mumbai with stores in Bandra and Borivali, and further strengthening its presence in Bengaluru with two stores, Zen Diamond now brings its hallmark of exquisite craftsmanship and modern design to North India.
Rio Tinto Concludes Its Final Beyond Rare Tender
Perth: Rio Tinto has brought its celebrated Beyond Rare Tender series to a close, presenting 52 lots of exceptional fancy colour diamonds sourced from its Australian and Canadian mines. Titled “Into The Light,” the event was the third and final edition in Rio Tinto’s annual Art Series. With the Argyle Diamond Mine having ceased operations in 2020 and the Diavik
