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
Top News
SDA Demands International Airport for Surat
Surat: The Surat Diamond Association (SDA) and the Gem and Jewellery Export Promotion Council (GJEPC) have written to Prime Minister Narendra Modi to provide international airport at Surat at the earliest to facilitate smooth import and export of polished and rough diamonds, reports The Times of India. SDA office-bearers said that polished diamonds worth over Rs. 1 lakh crore are
Gem Diamonds Puts Ghaghoo Mine on Hold
Gaborone: Gem Diamonds will stop production at the Ghaghoo mine in Botswana, effective immediately, due to a slump in prices, the company said Thursday. The miner has decided to place the asset on “care and maintenance,” meaning it will put diamond recovery on hold but keep managing the site until market conditions improve. The average price of rough diamonds extracted
10th Convocation Ceremony Held at IIGJ Mumbai
Mumbai: On February 14th , 2017 members of the Indian Institute of Gems & Jewellery gathered with students, their family, and friends to celebrate Convocation. On this day, the students of Diploma Batch 10TH were declared graduates at the D.Navinchandra Auditorium at IIGJ, Andheri East. The presence of Chief Guest – Mr. PremKumar Kothari – Chairman – GJSCI, Mrs. Namita
Change in Address of NY Diamond Dealers Club
New York; The Diamond Dealers Club (DDC) of New York will move to new premises at the International Gem Tower (IGT), enabling more companies to beat Manhattan’s sky-high rents by relocating their offices to the trading floor. The DDC signed a contract with Extell Development to secure about 17,500 square feet on the 11th floor of the building, which is
'Presidents Forum' Formed
Antwerp: The heads of the jewellery and diamond industry’s four leading international representative bodies have agreed on Tuesday to establish “The Presidents Forum,” which is a joint consultative committee with its members being the presidents of each organization. Together they will discuss and formulate coordinated strategies and policies for the industry on important issues of common interest. Hosted by Dr.
First Texas-Israel Diamond Show in September
Ramat Gan: This fall strategic cooperation between the Texas Jewelers Association (TJA) and the Israel Diamond Institute (IDI) will produce the first Texas-Israel Diamond Show in San Antonio from September 29 – 30, 2014. This is the first time that jewelers in Texas and surrounding states will be offered the opportunity to buy diamonds directly from the source. The unique
India Hikes Import Tariff Value on Gold, Silver
New Delhi: The Indian government yesterday hiked import tariff value on gold and silver to USD 411 per 10 grams and USD 632 per kg as global prices have increased in the wake of escalating violence in Iraq. In the first fortnight of this month, tariff value on imported gold stood at USD 408 per 10 grams and silver at
De Beers June Sight Estimated at $640M
Gaborone: The De Beers June sight closed with an estimated value of $640 million as demand for rough diamonds remained firm. Prices and assortments were largely unchanged from the previous sight, although sightholders reported minor price adjustments on select boxes. There was ex-plan supplied – rough in excess of sightholders’ initial application for goods – as demand rose during sight
