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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Lucapa Achieves Record Sales of $23M in Q1 ’16
Luanda: Record diamond production, including the largest diamond ever found in Angola, has generated the Lulo diamond partners gross revenue of $23M (A$32.5M) in Q1 2016, “underlining the strong global demand for large top-tier gems.” Lucapa Diamond Co says the result was on diamond sales of 1,931cts at an exceptional average selling price of US$11,983ct (A$16,831ct), which included the $16M
Indian Jewellers Call off Strike
Mumbai: After keeping shutters down for 43 days against the proposed one per cent excise duty on non-silver jewellery, bullion traders and jewellers opened their shops on Tuesday. In the past six weeks, the striking jewellers not only lost on new business but also faced a tough time retaining artisans and paying rent for their establishments. To their disappointment, the
De Beers Provisional April Sales $660m
Gaborone: The De Beers Group has officially announced the value of rough diamond sales (Global Sightholder Sales and Auction Sales) for the third sales cycle (sight) of 2016 at a provisional $660 million, while the second sight figure was $617 million. The third sales cycle took place last week. In the first three months of this year De Beers has
LATAM Diamond & Jewellery Week from 20th June
Panama: Buyers and suppliers of jewelry, diamonds and colored gemstones from more than 20 countries in Latin America and around the world will gather at the World Jewelry Hub in Panama City from June 20 to June 23 for the Second Latin American Diamond and Jewelry Week. A commercial and networking event that is specifically designed to bring together players
EGL Int’l: No Single Diamond Grading Standard Exists
Ramat Gan: There is no single international standard for diamond grading, said Israeli lab EGL International in a statement in response to recent actions by trading networks. “With regard to the Rapaport Group’s decision to delist diamond grading reports of EGL and that it views GIA as the industry standard…the use of the term standard suggests that such a standard
Global Diplomats Tour Antwerp’s Diamond Sector
Antwerp: On Wednesday, 150 diplomats descended upon Antwerp. In the context of the Diplomatic Day, organized by the City of Antwerp, they visited the Antwerp World Diamond Centre. Diamond Office, the beating heart of AWDC, attracted a lot of interest. Just like diamonds, diplomats travel around the world. Wherever they go, they transmit their knowledge. As diamonds are one of
Indian Diamantaires to Set Up Mfg Units in Ras Al Khaimah
Ras Al Khaimah: Officials from Ras Al Khaimah (UAE) and India’s leading diamantaires gathered for a high-level meeting recently at the Surat Diamond Association (SDA) premises, according to a press release. The Government of Ras Al Khaimah was represented by officials Alan Nixon – Associate Manager, International Business Development, Government of Ras Al Khaimah and Ashok Shridharan – CA, Government
Alrosa to Prospect for Zimbabwe Diamonds
Moscow: Diamond giant Alrosa is set to prospect for diamonds in Zimbabwe with DTZ-OZGEO, a Zimbabwe-Russia joint venture company. Reuters quoted Russia’s trade and industry minister Denis Manturov as saying that Alrosa and DTZ-OZGEO would prospect for diamonds throughout Zimbabwe. Currently diamonds were being mined in the south of the country by private company River Ranch, in central Zimbabwe by
