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
Zim Orders Diamond Miners to Halt Operations
Harare: At a press conference earlier yesterday, the government of Zimbabwe has given all diamond mining companies in Marange a 90-day ultimatum to remove equipment after ordering them to halt operations with immediate effect for rejecting a proposal to consolidate the sector, Mines Minister Walter Chidhakwa said after announcing that their licences had also expired. The consolidation saga started last
IIDGR to Launch Grading Service in New Markets
Gaborone: The De Beers Group of Companies yesterday announced that its International Institute of Diamond Grading & Research (IIDGR) has launched its grading service in the Far East, Middle East, India and Europe. Following an initial pilot testing of the service in the Far East, IIDGR will now also provide a grading service from each of its laboratories in Belgium,
Gemfields Revenue Goes -9% in H2 2015
London: Emerald and ruby miner Gemfields plc has announced its results for the second half of 2015, which showed that revenue dropped 9 percent over the same period in 2014. The company’s revenue dipped to $94 million in the six month period ended December 31, 2015 compared to $103.4 million over the same period a year prior. EBIDTA fell from
Gold Spot Exchange in India is Viable: IGPC
Ahmedabad: India Gold Policy Centre (IGPC) at Indian Institute of Management Ahmedabad (IIMA) released a study on the viability of a Gold Spot Exchange in India by Prof. Joshy Jacob and Prof. Jayanth R. Varma of IIMA. One of the key findings is that a Gold Spot Exchange is eminently viable and would lead to efficient price discovery, assurance in
WFDB Praises Luanda Accord to Support Natural Diamonds
Antwerp: The World Federation of Diamond Bourses expressed full support for the Luanda Accord, the agreement reached last week among major diamond-producing countries and trading centers to fund the promotion of natural diamonds, in a meeting in Luanda, Angola. All the signing parties have agreed to contribute 1% of the annual revenue they generate from rough diamonds to the Natural Diamond
GIA Appoints Pritesh Patel as President & CEO
Mumbai: The Board of Governors of the Gemological Institute of America, Inc. (GIA) has named Pritesh Patel, currently GIA’s Chief Operating Officer, as the Institute’s President and Chief Executive Officer, effective August 4, 2025, according to a press release. Mr. Patel succeeds Susan M. Jacques, GIA’s President and CEO since 2014, who will continue at GIA as a strategic advisor
Stage is Set for Platinum BSM in Kochi
Mumbai: All roads now lead to the Platinum Guild International (PGI) – India’s 8th annual flagship event, the Platinum Buyer-Seller Meet (BSM). Scheduled to take place on June26th and 27th, 2025, in Kochi, this marquee industry event will bring together leading retail and manufacturing partners across India’s platinum jewellery industry to showcase innovation, foster strategic partnerships, and drive category growth in a dynamic
Endiama, Sodiam Join Natural Diamond Council
Mumbai: Angola’s two leading state-owned diamond institutions, ENDIAMA E.P. and SODIAM E.P., have formally announced their joint commitment to generic category marketing by joining the Natural Diamond Council (NDC) as contributing members, effective July 1, 2025. As the third-largest global producer of natural diamonds and one of the most promising in terms of future deposit discoveries, Angola continues to strengthen
