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
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
ALROSA Recovers 136.24-Carat Diamond
Moscow: ALROSA, the world leader in diamond mining, announces the recovery of a 136.24-carat diamond from Nyurbinskaya pipe, reported Alrosa’s official website. The gem-quality rough diamond, which is 3 Black Makeable 1 Сolour, measures 29.32 х 23.88 х 21.9 mm and is one of the largest through the history of Nyurbinskaya pipe. The extracted stone is a combination-form translucent colorless
De Beers Makes New Appointments
Gaborone: The De Beers Group of Companies yesterday announced new appointments to the positions of Senior Vice President of Sightholder Sales and Senior Vice President of Product Planning at its Global Sightholder Sales business. Nigel Simson will move from his current role as Senior Vice President of Sightholder Sales to head up the new Product Planning function that will establish
RBI's Credit Limit Troubles Diamond Units
Surat: At least 350 small and medium diamond companies in the world’s biggest diamond cutting and polishing centre in Surat are facing severe financial problems with Indian banks strictly implementing the 90 days credit limit for overseas payment to rough diamond dealers in Antwerp and Dubai for the past four months, reports The Times of India. The Gem and Jewellery
India Eyes Direct Diamond Tie-Ups with Russia
Mumbai: With the threat of US economic sanctions on Russia hanging like a Damocles sword, India’s gem and jewellery industry is gearing to establish direct contacts with Russia, to source rough diamonds, reports Business Line. Supply of roughs from Russia to Dubai and Belgium could be severely impacted if the US imposes economic sanctions on Russia, say exporters. Currently, the
Platinum Prices Slide despite Stalled Strike Deal
Johannesburg: Despite a broad rally in metals prices, PGM futures trading in New York pulled back on Friday despite a fresh impasse in strike negotiations in South Africa. Palladium futures trading on Nymex gave up more than 2% or $17 an ounce on Friday day to trade at $822.50 an ounce, while platinum contracts fell 1.1% or $16 an ounce
Ernest Blom Re-Elected as WFDB President
Antwerp: Ernest Blom, current president of the World Federation of Diamond Bourses (WFDB), was re-elected for another two-year period unopposed during the first working session of this week’s 36th World Diamond Congress in Antwerp. The following people were also elected: Julien Drybooms as WFDB Vice President; Rony Unterman as WFDB Secretary-General and Michel Schonfeld as Deputy Secretary-General; Dieter Hahn as
