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 $51.94 while cheaper oil pushed the odds of a December Fed hike down from about 71% on 30 October to 64% ahead of Friday’s payrolls, according to CME FedWatch readings reported by Benzinga and Reuters. The jobs data sent the odds back up to 74.8%, CNBC reported, a
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De Beers’ Profits Shoot Up-Revenue Also Increases
Gaborone: De Beers’ revenue and profits – reported as part of Anglo American’s preliminary financial results for 2016 announced yesterday – both showed an upward swing. De Beers’ total revenue for 2016 reached US$ 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%
India’s Diamond Trade Continues to Recover
Mumbai: Diamond trading in India improved in January, according to official data, as the country’s manufacturing sector continues to recover from a liquidity squeeze in the final months of last year. Imports of rough diamonds, an indicator of demand from India’s large cutting-and-polishing sector, jumped 28 percent to $1.26 billion during the month, according to the Gem & Jewellery Export
IDCA Honors Industry Figures
New York: The Indian Diamond & Colorstone Association (IDCA), New York, hosted its grand gala event during the AGTA Tucson Gem Show on February 2 at the Marriott University Park Hotel. IDCA President Ashok Sancheti opened the evening with a welcome address. Gemfields, PLC, was honored with the prestigious “Excellence in Colorstone – Mining to Marketing” Award. Accepting the award,
DS Expanding Screening Services for Syn. Rough
Hong Kong: With evidence mounting about a surge in the volume of uncut synthetic diamonds entering the marketplace, Diamond Services has announced that it is expanding its synthetic screening service for rough diamonds at its facilities in Hong Kong and New York. “The market has expressed an urgent need and we are responding,” said Joseph Kuzi, Diamond Services’ CEO and
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
