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
Top News
Botswana’s Diamond Exports Extend Decline
Gaborone: Botswana’s rough diamond exports continued a retreat in August, underlining the country’s need to diversify its economy as it celebrates 50 years of independence. Outbound shipments fell 5 percent to $399.7 million, according to data from the Bank of Botswana. Orders slipped 1.8 percent in the first half of the year even as exports in July were significantly higher
World’s Largest Blue Topaz to be Exhibited
London: A flawless blue topaz gemstone, said to be the largest of its kind, is set to go on display at London’s Natural History Museum. The Ostro stone weighs around 2 kg (4.4 lb) and will be exhibited from Oct. 19, on permanent loan from British entrepreneur and philanthropist Maurice Ostro, the museum said. Its value was not disclosed. “The
Gemfields Announces Auction Results
Mumbai: Gemfields plc has announced the results of its auction of predominantly commercial quality rough emerald extracted by Kagem Mining Ltd (which is 75% owned by Gemfields and 25% by the Government of the Republic of Zambia) in Zambia. The auction also included higher quality amethyst from Kariba Minerals Ltd in which Gemfields has a 50% interest, with the balance
WFDB Sets out Plans to Tackle Industry Challenges
Antwerp: The World Federation of Diamond Bourses’ (WFDB) Executive Committee discussed the major challenges facing the global industry at its meeting in London this week. The gathering focused on the issues of financing, the need for the trade to demonstrate clearly that it is self-regulating, synthetic stones, and the success of the launch of the Young Diamantaires initiative. “Diamond companies,
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
