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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ALROSA Discovers 121ct Diamond
Moscow: Joint Stock Company “ALROSA” (PJSC), the largest in the world in terms of diamond production, announces the production of crystal weighing 121.88 carats tube “Jubilee” Aikhal GOK. Transparent yellowish crystal has dimensions 28h18h19,5 mm. Working tube “Jubilee” in an open way since 1989. The project depth of development -. 720 m, the depth of the quarry is currently more
Panel of Judges Reconvenes for JNA Awards 2017
Hong Kong: The annual JNA Awards celebrates its sixth year with a stellar panel of judges consisting of five distinguished experts from the jewellery and gemstone industry. Organised by JNA, the JNA Awards recognises and honours companies and individuals that have demonstrated excellence, innovation and outstanding business performance to shape the growth and development of Asia’s jewellery industry. An independent
Xifu Gold Wedding Jewellery Design Competition
Hong Kong: Jewellery design talents worldwide are invited to join the inaugural Xifu International Gold Wedding Jewellery Design Competition, which offers a 1kg gold bar as grand prize. Organised by JNA & CJNA of UBM Asia, the World Gold Council and the People’s Government of Yantian District, Shenzhen, the competition opens for entries on 1 March 2017. The biennial competition
De Beers’ Profits Shoot Up-Revenue Also Increases
Gaborone: De Beers’ revenue and profits – reported as part of Anglo American’s preliminary financial results for 2016 announced yesterday – both showed an upward swing. De Beers’ total revenue for 2016 reached US$ 6.1 billion, marking a 30% increase over 2015 revenue of US$ 4.7 billion. Its underlying earnings, or profits, for the period, however, shot up by 158.52%
Israel Exchange to Create Code of Ethics
Ramat Gan: In what appears to be a ground-breaking move for a diamond bourse, the Israel Diamond Exchange (IDE) has begun moves to create a code of ethics by which its members would be expected to operate. At a meeting at the bourse, IDE President Shmuel Schnitzer and management members discussed the creation of such a code with Israeli experts
China’s Jewellery Sales Accounted for 41%
Beijing: Mainland China is a major jewellery consumer in the world. According to the recently released China Jewellery Industry Report, 2013-2016, last year jewellery sales in Chinese Mainland approximated $75.8 billion, which is equivalent to 41.2 % of the global consumption. In Mainland China, the gold jewelry consumption accounts for about 50% of the total jewellery consumption. In 2013, two
Gold Smuggling in India May Fall to 50 Tonnes
Mumbai: Going by the seizures of gold which has increased four times in 2013-14, intelligence agencies have estimated gold smuggled in the country around 50 tonnes in 2013-14 which is way lower from the estimated by the World Gold Council (WGC), reports The Business Standard. WGC had estimated nearly 200 tonnes of gold entered India unofficially. Trade circles have been
India May not fully Withdraw Gold Curbs
New Delhi: Despite a significant reduction in the current account deficit, curbs on gold imports are unlikely to be fully removed this Budget. Instead, the finance ministry may lower the import duty on the precious metal by two per cent, reports The Indian Express. “The current account deficit situation is still being closely monitored. The curb on gold imports was
