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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ALROSA Joins Responsible Jewellery Council
Moscow: ALROSA, the world leader in diamond mining, has become a member of the Responsible Jewellery Council (RJC) since 11 August 2016, declared RJC in a press release. “Consumers around the world are giving great importance to the origin of diamonds in jewelry. We believe it is important to demonstrate to the consumer that diamond mining is a socially responsible
Excelsior to Provide Liquidity to G&J Industry
New York: Excelsior Capital Ventures (ECV) LLC, announced today that it will be making substantial liquidity available to the mid-stream diamond and jewelry industry. The New York based firm, founded by industry leader Nehal Modi, said it expects to begin lending operations on October 3, 2016 and will provide loans secured by diamond and precious metal inventories. In making the
DEF Grants Educational Funding in India, DRC
Mumbai: The Diamond Empowerment Fund (DEF) announced two new grants totaling $130,000 to educational institutions in India and the Democratic Republic of Congo (DRC). The DEF and its board approved a $100,000 award to Veerayatan, marking the second consecutive year that the fund has given financial backing to the organization. Veerayatan was the first educational institution in India to receive
Fancy Color Diamond Prices Rise Slightly in Q2
New York: According to data collected and analyzed by the Fancy Color Research Foundation (FCRF), fancy color diamond prices edged up in the period between April and June 2016, after a relatively soft first quarter. Overall, price performance during Q2 was broadly in line with long-term trends in which continued demand-driven price increases for pink and blue fancy color diamonds
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
