We Wish to Build Globally Relevant SKY Gold: Akash Talesara
Israel’s Diamond Industry Under Severe Pressure
Did Natural Diamond Ind. Misjudge LGD Threat?
A Surging Rupee Tripled Gold’s Global Loss in India as Silver Broke Down
Macro Snapshot: The Reserve Bank of India changed the domestic arithmetic before trading opened on 12 October. On 10 October it announced a special window to meet the entire daily dollar requirement of Indian Oil, Bharat Petroleum and Hindustan Petroleum directly from its reserves, taking a large block of import demand out of the spot market. The central bank also tightened rupee derivative rules, imposing a 20% Foreign Exchange Risk Reserve on eligible contracts above $2 million and barring the
A Surging Rupee Tripled Gold’s Global Loss in India as Silver Broke Down
Macro Snapshot: The Reserve Bank of India changed the domestic arithmetic before trading opened on 12 October. On 10 October it announced a special window to meet the entire daily dollar requirement of Indian Oil, Bharat Petroleum and Hindustan Petroleum directly from its reserves, taking a large block of import demand out of the spot market. The central bank also tightened rupee derivative rules, imposing a 20% Foreign Exchange Risk Reserve on eligible contracts above $2 million and barring the
Top News
AGTA Spectrum Awards Postponed to Summer
New York: The American Gem Trade Association (AGTA) announced that it has decided to move its annual design competition, the AGTA Spectrum Awards to July. AGTA CEO Douglas K Hucker, said that the organization had taken the decision to move the awards for the benefit of designers and manufacturers, so that it would not interfere with the holiday selling season.
Argyle Pink Diamond Jewellery in Japan
Tokyo: In a spectacular collaboration of craftsmanship and couture Rio Tinto’s Argyle Pink Diamonds have partnered with esteemed Japanese bridal house, Hatsuko Endo, to showcase the finest in beauty and romance from Australia and Japan. Hatsuko Endo’s exquisite collection of international designer wedding gowns was paired on the runway in Tokyo with bespoke Argyle pink diamond jewellery, created by some
2,000 Diamond Workers Jobless in Zimbabwe
Harare: Approximately 2,000 workers have lost their jobs with the Marange diamond companies, following the government’s decision to order them to cease operations, according to a report on AllAfrica.com. The laid off workers have reportedly vowed to storm the ministry of mines’ offices in protest at the government’s alleged refusal to answer requests regarding forcing their former employers to pay
DiaCam360 Launches New Software
Ramat Gan: After three months of development, DiaCam360 has released its much anticipated software upgrade, putting its customers at the forefront of diamond imaging technology. The new software produces images with improved sharpness and brilliance, giving every diamond a custom designed web frame. A brand new feature is a control panel that enables every user, even those with no photography
De Beers June Sight Estimated at $640M
Gaborone: The De Beers June sight closed with an estimated value of $640 million as demand for rough diamonds remained firm. Prices and assortments were largely unchanged from the previous sight, although sightholders reported minor price adjustments on select boxes. There was ex-plan supplied – rough in excess of sightholders’ initial application for goods – as demand rose during sight
Zimbabwe's Proposed Marange Restructuring Stalled
Harare: Marange diamond miner Anjin Investments Ltd. has reportedly stalled the Zimbabwe government’s intended consolidation of Marange diamond companies. As of last week, Anjin’s top management, which recently visited Zimbabwe from China, was yet to meet with officials from the mines ministry to finalize evaluations of company’s operations. The ministry had originally projected briefing Anjin chairperson Jiang Qingder on the
Belgian Politician Warns Against Diamond Sanctions
Antwerp: The 36th World Diamond Congress (WDC) has opened in Antwerp, with Minister-President of Flanders, Kris Peeters, warning of the “catastrophic” impact that sanctions relating to the diamond industry could have. The Congress is the bi-annual meeting of the World Federation of Diamond Bourses (WFDB) and the International Diamond Manufacturers Association (IDMA). Talking of the huge role of the diamond
WFDB Accepts Canada and S. Korea as New Members
Antwerp: The World Federation of Diamond Bourses (WFDB) has accepted the applications for membership of two bourses – the Canada Diamond Bourse and the South Korean diamond exchange. WFDB members approved the applications at the 36th World Diamond Congress in Antwerp which opened yesterday. The Congress is the bi-annual meeting of WFDB and the International Diamond Manufacturers Association (IDMA). The
