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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Zimbabwe NGO Has Zero Faith in ZCDC
Harare: Zimbabwe NGO Centre for Natural Resource Governance (CNRG) said the Zimbabwe Consolidated Diamond Company (ZCDC) does not have the capacity to mine diamonds from kimberlite sources, reports Rough-Polished, adding that the wholly owned state company set up early last year had no equipment of its own, and would likely turn to foreign investors to develop in Tsvingwe (Penhalonga) in
Argyle Decline Weighs on Rio Tinto Output
Perth: Rio Tinto’s diamond production fell in the first quarter, as its Argyle mine in Australia yielded a reduced volume and lower grade of ore. Group output dropped 8% year on year to 4.152 million carats for the three month period, with Argyle’s production down 11% to 3.016 million carats, Rio Tinto reported Thursday. Argyle’s operations shifted underground in 2013,
Narendra Modi Inaugurates HK Hub
Surat: HK HUB, an Ultra-Modern Factory of Hari Krishna Exports Pvt. Ltd., a known and respectable name in the Indian Gem and Jewellery Industry, was inaugurated by Prime Minister of India, Mr. Narendra Modi last week at Surat. Also present at the occasion were Mr. Vijay Rupani- Chief Minister Of Gujarat, Mr. Nitin Patel-Deputy Chief Minister of Gujarat and Mrs.
Rockwell Provides Update on Three Units
Johannesburg: Rockwell Diamonds Inc. has provided an update to the interim liquidation order against three subsidiaries of the company issued by a judge in Kimberley, South Africa, on March 23. The interim orders, which have yet to be confirmed in a final hearing, include Rockwell Resources RSA (Pty) Ltd (Rockwell RSA), HC van Wyk Diamonds Ltd (HC van Wyk) and
AGL Celebrates Five Years under New Management
New York, 15th April: American Gemological Laboratories (AGL), a provider of high-quality gemstone analysis and reporting is celebrating its five-year anniversary under the stewardship of Christopher P. Smith. “Five years ago, AGL was re-privatized during one of the most difficult periods the US and world financial markets have experienced in recent decades. AGL, however, had a good reputation and we did
Gold Smuggling Arrests Jump 750% YoY in India
Mumbai, 14th April: While cases of gold smuggling in India have jumped 265% from 40 in 2012-13 to 146 in 2013-14, the number of people arrested has shot up by 750%, from 30 in 2012-13 to 255 in 2013-14, data from the Directorate of Revenue Intelligence shows, according to a report published in Mineweb. “Gold imports through the legal channel have
