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
New Tender Center to be Launched during IDWI
Ramat Gan: The Israel Diamond Exchange (IDE) will officially open a new International Tender Center on February 14, 2017 during the sixth International Diamond Week in Israel (IDWI). During that week IDE will host three important tenders of polished and rough diamonds — by Alrosa, I. Hennig and Koin. The visit of Alrosa President Andrey Zharkov, who will be a
U.S. Retailer Shuts 250 Stores to Move Online
New York: Women’s apparel chain The Limited has closed all 250 stores and has moved all sales to its online platform, reflecting an increasingly challenging environment for bricks-and-mortar retailers, reports Rapaport. “We’re sad to say that all The Limited stores nationwide have officially closed their doors,” the company, which counts jewellery among its products, said in a notice to customers
Millennials Still Buying Diamonds: Bruce Cleaver
Gaborone: De Beers Group CEO Bruce Cleaver says in an interview that millennials, the under-35 age group, are still purchasing diamond jewellery, albeit smaller pieces since they are typically less affluent than their parents were at the same age. Cleaver told The Associated Press that millennial diamond buyers are not as traditional as their parents. “We find that they self-purchase
Vintage Jewellery Proves Worthy Investment
London: Vintage jewellery has gained more than 80 percent in value in the past decade, with many owners not realizing how much money they are sitting on, U.K.-based auction house Bonhams said. Jewellery from the Art Deco period in the 1920s and 1930s and pieces from the Belle Epoque era from 1890 to 1915 have appreciated 88 percent since 2006,
AGL Celebrates Five Years under New Management
New York, 15th April: American Gemological Laboratories (AGL), a provider of high-quality gemstone analysis and reporting is celebrating its five-year anniversary under the stewardship of Christopher P. Smith. “Five years ago, AGL was re-privatized during one of the most difficult periods the US and world financial markets have experienced in recent decades. AGL, however, had a good reputation and we did
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
