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
Top News
DPA to Launch Generic India by Sept. 2017
Surat: Surat’s diamond industry is all set to regain its sparkle with Diamond Producers Association (DPA), a consortium formed by world’s leading diamond miners, expected to infuse huge amount of funds in September for its upcoming generic diamond marketing campaign, reports The Times of India. The consortium consists of De Beers, Rio Tinto, Dominion Diamond Corporation, Lucara Diamond Corporation, Petra
Dominion Diamond Stake Cut by Swiss Bank
Toronto: Swiss National Bank cut its stake in shares of Dominion Diamond Corp. by 3.5% during the third quarter, Holdings Channel reports. The fund owned 142,700 shares of the company’s stock after selling 5,200 shares during the period. Swiss National Bank’s holdings in Dominion Diamond Corp. were worth $1,387,000 as of its most recent filing with the SEC. Several other
De Beers Can Start Looking at Rough Price Increase
Gaborone: De Beers intended pushing diamond production levels back to “more normal” levels during 2017, but decisions on when to increase rough diamond prices would be driven by polished diamond price levels which were currently “pretty flat”. That’s according to De Beers CFO, Nimesh Patel, who told Miningmx “… as polished prices go up we can start to look at
Resource Estimate Drops for Argyle Mine
Perth: Rio Tinto has lowered its estimate of the mineral resources available at its Argyle diamond mine in Australia, as the company reconsiders its plans to extend the project. Estimated mineral resources fell 66 percent to 15 million tonnes in 2016, compared with the previous year, the miner said in a statement last week. Mineral resources are the quantity of
Anglo May Sell Nine Mines
Gaborone: Anglo American, whose chief executive Mark Cutifani is reviewing assets to divest non-performing businesses, may announce at least nine more mines for sale, according to Standard Bank. Anglo, which reports first-half earnings today, has said it was seeking to improve its return on capital to at least 15 percent by 2016 from about 8 percent in June 2013. Cutifani
De Beers Unveils Sightholder Logo
Gaborone: De Beers has unveiled a new logo for clients to signify they are part of the company club. The new sightholder logo is built around an S in a circle, with a diamond-like icon in the middle, over the word sightholder in large letters, and “of the De Beers Group of Companies” in smaller letters. (The old identifier, “Family
Pandora to Celebrate Women around the World
New York: Jewellery brand Pandora has launched a new initiative that it says will celebrate the selfless work women do within their communities and around the world to improve the livelihood of women and children. Called the Pandora Hearts of Today, the program will give the brand the opportunity to support a variety of women-focused charitable programs. To help identify
ALROSA’s Net Profit under RAS +59% in 1H
Moscow: Following the 1st half of 2014 OJSC AK ALROSA posted net profit under RAS soared by 59%, or 1.6 times, – to RUB 24.174 billion compared to RUB15.209 billion a year earlier, according to the company’s financial statement, cited by Finmarket.ru. ALROSA’s revenue increased by 20% and amounted to RUB81.551 billion compared to RUB68.01 billion in the 1st half
