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
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Senco Gold Clocks Record Sales of ₹1700+ cr. for October
Mumbai: Senco Gold & Diamonds has reported the highest ever retail sales for the month of October in its 85+ year old history! Senco clocked sales of over ₹1,700 crore for the month backed by robust festive buying for Diwali and Dhanteras, registering a 56% YoY growth over October last year. Gold value for the brand went up by 60%
NDC, Dubai Jewellery Group Host ‘The Diamond Dialogue’
Dubai: Natural Diamond Council (NDC), a global not-for-profit organization collaborating the natural diamond industry and its entire value chain, hosted first-ever edition The Diamond Dialogue in partnership with Dubai Jewellery Group (DJG). The Diamond Dialogue was a thought-provoking industry roundtable that brought together leading voices from the UAE’s jewellery sector to discuss the evolving landscape of the natural diamond industry.
Platinum Love Bands Unveils New Season Collection
Mumbai: Platinum Love Bands has unveiled its new Season Collection — a tribute to the unspoken language shared between couples. Rooted in the belief that every love story has its own dialect, one the world may not understand, this collection transforms those quiet connections into something you can wear — something you can cherish for life. These aren’t just rings.
De Beers Announces Changes to Exe. Committee
London: De Beers Group has announced changes to its Executive Committee, with current Chief Operating Officer, Burger Greeff, retiring at the end of the year following three decades of exceptional service. Kevin Smith, currently Executive Vice President, Corporate Affairs & Strategy, will become Interim Chief Operating Officer, while Eirik Waerness, currently Senior Vice President & Chief Economist, will move into
Kalyan Jewellers Supports Hsg. for Unprivileged
Thrissur: Kalyan Jewellers, India’s leading and trusted jewellery brand has pledged its support for the Indian Government’s Housing for All: Mission 2022programme. Mr. T.S. Kalyanaraman, Chairman and Managing Director of Kalyan Jewellers met Hon’ble Prime Minister of India, Mr. Narendra Modi, and shared Kalyan Jewellers’ endeavour to support housing for the underprivileged, as part of its Corporate Social Responsibility. Kalyan
Dominion’s 3Q Profit -90% As Ekati Margins Slump
Toronto: Dominion Diamond Corporation reported a 90 percent drop in profit year on year to $3.4 million in the third quarter that ended on October 31, 2015 as margins declined at the company’s Canadian mines, reports Rapaport. Overall revenue declined 35 percent, mainly due to a large drop in the average price per carat of sales from the Ekati Diamond
Rio Tinto’s Bunder Project Faces New Hurdles
New Delhi: Global mining giant Rio Tinto’s Rs 2,200 crore project to mine diamonds in MP’s Chhatarpur district has hit a green roadblock though it has the support of the state government, reports The Economic Times. The project that involves diversion of near 1000 hectares of dense forests to yield possibly a diamond deposit of 34.2 million carat value was
Alrosa and AWDC Reaffirm Strong Relationship
Moscow: The excellent collaboration between Antwerp, the leading diamond trade hub, and Russian mining giant Alrosa, the world’s largest diamond producer, was once again highlighted at an exclusive networking event in the margins of Alrosa’s diamond tender period. The event, a joint initiative by Alrosa and AWDC, was held in the Belgian Ambassador’s residence in Moscow. As the most important
