We Wish to Build Globally Relevant SKY Gold: Akash Talesara
Israel’s Diamond Industry Under Severe Pressure
Did Natural Diamond Ind. Misjudge LGD Threat?
With December Hike Odds Intact, Can a Midterm Rally Repair Gold, Silver’s Breakdowns?
Macro Snapshot: Gold posted its best week since late August, but it got there on rate relief that had disappeared by Friday. COMEX gold rose 4.5% to $4,074.9 and silver 5.4% to $51.94 while cheaper oil pushed the odds of a December Fed hike down from about 71% on 30 October to 64% ahead of Friday’s payrolls, according to CME FedWatch readings reported by Benzinga and Reuters. The jobs data sent the odds back up to 74.8%, CNBC reported, a
With December Hike Odds Intact, Can a Midterm Rally Repair Gold, Silver’s Breakdowns?
Macro Snapshot: Gold posted its best week since late August, but it got there on rate relief that had disappeared by Friday. COMEX gold rose 4.5% to $4,074.9 and silver 5.4% to $51.94 while cheaper oil pushed the odds of a December Fed hike down from about 71% on 30 October to 64% ahead of Friday’s payrolls, according to CME FedWatch readings reported by Benzinga and Reuters. The jobs data sent the odds back up to 74.8%, CNBC reported, a
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IDE to Host 3 I. Hennig Rough Tenders in March
Ramat Gan: I. Hennig Tenders, a leading international diamond tender operator, will hold three rough diamond tenders at the Israel Diamond Exchange (IDE) International Tender Center from March 13-16, 2017. The first tender will offer two special fancy color rough diamonds of yellow color from the Superkolong diamond tailings operation in Kimberley, South Africa. The stones weigh 77.54 and 38.88
HK Show Signals Optimism in Asian Markets
Hong Kong: The Hong Kong International Diamond, Gem & Pearl Show, which ran from February 28 and closed March 4, was the first major gem show this year, and may signal a trend in the global diamond industry and in Asian markets specifically. Chairman of the Israel Diamond Institute Group of Companies (IDI) Shmuel Schnizter said, “Our general impression is
Belgium’s Polished Exports Decline
Antwerp: Belgium’s diamond-trade statistics for February made for somber reading, as data from the Antwerp World Diamond Centre (AWDC) showed a slowdown in both polished and rough shipments. Polished exports slid 15 percent year on year to $1.35 billion, with shipments dropping 14 percent by volume to 530,947 carats, according to the data released Monday. The average price of exports
Diamonds Discovered For 1st Time in Manitoba
Toronto: Very small diamonds have been discovered in Manitoba, a first for the province, says a Winnipeg geologist. Ruth Bezys, president of the Manitoba Prospectors and Developers Association based in Winnipeg, says an informal consortium made up of Manitoba and Alberta prospectors discovered the precious gemstones in the north-eastern part of the province. Their discovery was announced at this year’s
Indias Silver Jewellery Exports Double
Mumbai: A shortage of gold as a raw material and the consequent decline in gold jewellery exports appears to have opened up new avenues of growth for silver jewellery in India, reports Mineweb. Indias silver jewellery exports rose 45.33% to $84.1 million in February 2014, and jumped 89% in the 11-month period to $1.35 billion, according to data from the Gem
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
