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
Chairman of Anglo American to Step Down
London: Anglo American, the London-based diversified mining conglomerate including the De Beers Group in its portfolio, has announced that Sir John Parker intends to step down, after serving eight years as Chairman, during the course of 2017. Sir John Parker, Chairman of Anglo American, said: “Having seen Anglo American emerge in a strong position from the mining industry downturn, with
New Jewellery Park Planned Near Kolkata
Kolkata: Chief minister Mamata Banerjee is working out an alternative plan for workers who have lost their jobs due to demonetisation. In an effort to create jobs for the gold artisans who have lost their jobs, the state is coming up with a new jewellery park — the third of its kind — beside Belgharia Expressway in Howrah. The West
HRD Antwerp Enters Iran in Middle East Expansion
Antwerp: Diamond-grading group HRD Antwerp will launch an educational program in Iran to expand its presence in the Middle East. HRD will start training certified diamond graders in a debut course in Tehran at the end of April in collaboration with Alireza Feizollahi, a local consultant. The move is part of a wider attempt to expand HRD’s operations in the
Heavy Traffic on Trading Floor on IDWI Day 2
Ramat Gan: The trading floor of the Israel Diamond Exchange (IDE) continued to see heavy traffic on the second day of the 6th International Diamond Week in Israel (IDWI). The mood was upbeat, reflecting a lively trading atmosphere. Beyond the trading floor several events took place during the day. The IDE inaugurated its new state-of-the-art International Tender Center with a
Zimbabwe Running Diamond Sector like ‘Mafia’
Harare: Zimbabwean opposition politician Innocent Gonese has said that Zimbabwe’s ruling Zanu PF party needs to stop running the country’s diamond sector “like a mafia where everyone involved in the management of the gems is a thief.” The comments were made at a public forum organized by the Southern African Political and Economic Series (SAPES Trust) in Mutare, reported the
DGCX to Launch Spot Gold Contract
Dubai: Dubai Gold and Commodities Exchange (DGCX), a financial and commodity derivatives exchange is getting ready to launch a spot gold contract and a number of commodities, equity and currency derivative contracts between now and the end of the year, said Gary Anderson, CEO of DGCX in an interview with Gulf News. The exchange primarily focused on derivatives is all
GJEPC’s Banking Seminar on Saturday
Mumbai: India’s Gem & Jewellery Export Promotion Council (GJEPC) has organized Diamond, Gem & Jewellery Banking Summit-2014 on Saturday, 28th June 2014 in Mumbai. The who’s who of Banking, Gem & Jewellery Trade and Ministry of Finance officials will be present on one platform to discuss the issues like- Aspects and Present Issues on Financing for the Gem & Jewellery
IDMA Tackles Thorny Issues at 36th WDC
Antwerp: With the close of the 36th World Diamond Congress in Antwerp, Belgium, members of the International Diamond Manufacturers Association (IDMA) concluded their deliberations, after raising and discussing a long list of topics that weigh heavily on the minds of diamond manufacturers worldwide. IDMA President Maxim Shkadov emphasized at the concluding press conference on June 19 that his organization was
