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
Lucara Diamond's Revenues Fall 50% in Q1
Vancouver: Lucara Diamond Corp. has declared first quarter revenues of $26.1 million, or $405 per carat which represents nearly a 50% drop from the $50.6 million earned at $649 per carat in Q1 2016. The company explains the results as follows: “The decrease in revenues in Q1 2017 compared to Q1 2016 was due to a lower volume of carats
ZCDC Suffers Marange Diamond Mining Setback
Harare: The Zimbabwe Consolidated Diamond Company (ZCDC) was recently barred by the High Court from looting diamond ore which belongs to Mbada Diamonds, which was booted out of Marange with other miners last year, according to local media reports. ZCDC had previous defied a similar High Court order issued in February. Mbada had 150 000 tonnes of diamond ore stockpiles
GJEPC to Organise India Pavilion at Carat+
Mumbai: In it’s first, India’s Gem & Jewellery Export Promotion Council (GJEPC) is organising India Pavilion, consisting of leading names at the forthcoming show Carat+ at Antwerp, Belgium. The event is slated from 7th to 9th May 2017. India Pavilion will witness 5 leading Indian companies, spread over a significant 72 sq. mts of exhibition space. The Indian exhibitors are
“Diamonds Do Good” Awards in Las Vegas
New York: The Diamond Empowerment Fund (D.E.F) announced a powerful program for its “Diamonds Do Good” Awards gala set for June 4 at the Four Seasons Ballroom in Las Vegas. Iconic retailer Helzberg Diamonds will receive the Corporate Legacy of Philanthropy Award, Mrs. Graça Machel Mandela, former first lady of both Mozambique and South Africa will receive the first-ever “Diamonds
Forevermark Diamond Jewellery Launched in India
New Delhi: Forevermark Diamond Jewellery from De Beers Group, the world’s leading diamond company, officially launched as a jewellery brand yesterday. India becomes the lead market for the Forevermark brand with a landmark brand debut and flagship store opening in New Delhi. The opening of the flagship New Delhi store marks a significant milestone in Forevermark’s journey of bringing its
0% U.S. Import Tariff for EU-Polished Diamonds
Antwerp: Thanks to intensive negotiations, the Antwerp World Diamond Centre (AWDC), the umbrella organization for the Antwerp diamond industry, has succeeded in securing a zero percent import tariff for natural polished diamonds under the trade agreement between the European Commission and the United States. This exemption is part of a U.S. executive order, effective retroactively as of Monday, September 1,
GSI Launches State-of-Art Lab in Kolkata
Kolkata: Gemological Science International (GSI) proudly announced the official launch of its laboratory in Kolkata, marking a significant milestone in the company’s commitment to providing world-class gemological services to one of the leading jewellery manufacturing hubs of India. The event, which was attended by prominent industry leaders and luminaries, received an overwhelming outpouring of support and enthusiasm, further solidifying GSI’s
GJEPC Announces Newly Elected CoA for 2025
Mumbai: The Gem & Jewellery Export Promotion Council (GJEPC), the apex body of the gem and jewellery trade in India, has announced the results of its recent Committee of Administration (CoA) elections for 2025 for the vacant positions. Welcoming the new members, Mr. Kirit Bhansali, Chairman, GJEPC, said, “I warmly welcome all the newly elected members of the CoA. Each
