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
Anglo American Not Selling Assets Any More
London: What a difference a year has made for Anglo American, the world’s number five diversified miner, which joined BHP Billiton Tuesday in lifting the mining industry spirits by postings results that clearly signal the long-awaited recovery is already here. Only a year ago the company unveiled details of a radical “portfolio restructuring,” which included the sale of its coal,
Brazil Heading for Large Diamond Production
Nordestina: There’s a new, silent diamond rush going on in Brazil. In late 2016, a new mine was discovered in the city of Nordestina, in the state of Bahia. It could increase Brazil’s diamond production by up to ten times and place the country among the world’s top 11 producers. This group, of course, is by no means large. But
GJF Seeks 1.25% GST for Gems & Jewellery Sector
Patna: The All India Gems & Jewellery Trade Federation (GJF) East Zonal Chairman Mr. Sankar Sen, Immediate Past Chairman G V Sreedhar, Director – Manoj Jha, Zonal Committee Member Srimal Dholakia and office bearers of Patliputra Sarafa Association Binod Kumar and Bharat Mehta met Honourable Finance Minister of Bihar Mr. Abdul Bari Siddiqui ji and Commercial Tax Minister Mr. Bijendra
Israel Denies Work Permit to Human Rights Watch
Tel Aviv: Human Rights Watch reported that Israeli authorities denied its application for a work permit submitted by the organization’s Israel and Palestine director on the grounds that it is not a real human rights group, reports Rough&Polished. In his reply to the application, Moshe Nakash, Permit Division Director at Israel’s Administration Service for Employers and Foreign Workers cited the
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
