We Wish to Build Globally Relevant SKY Gold: Akash Talesara
Israel’s Diamond Industry Under Severe Pressure
Did Natural Diamond Ind. Misjudge LGD Threat?
Hawkish Fed Comments on Inflation Landed Right at Both Metals’ Supply Zones, and the Correction Wrote Itself
Macro Snapshot: The correction in gold and silver during the week ending August 28 was a confluence event. Both metals had rallied into well-defined supply zones (gold at ₹162,000-164,000, silver at ₹244,000-248,000) and were showing early signs of exhaustion. Into that setup, the July PCE release on August 26 came in hot on the headline (3.7% year over year against 3.6% consensus), and Federal Reserve Chair Kevin Warsh’s August 28 Jackson Hole address leaned decisively hawkish on inflation. The trigger
Hawkish Fed Comments on Inflation Landed Right at Both Metals’ Supply Zones, and the Correction Wrote Itself
Macro Snapshot: The correction in gold and silver during the week ending August 28 was a confluence event. Both metals had rallied into well-defined supply zones (gold at ₹162,000-164,000, silver at ₹244,000-248,000) and were showing early signs of exhaustion. Into that setup, the July PCE release on August 26 came in hot on the headline (3.7% year over year against 3.6% consensus), and Federal Reserve Chair Kevin Warsh’s August 28 Jackson Hole address leaned decisively hawkish on inflation. The trigger
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Argyle Pink Diamonds Tender Gets Record Results
Perth: Rio Tinto’s 2018 Argyle Pink Diamonds Tender collection of 63 rare pink, red and violet diamonds from its Argyle mine in Australia has delivered another record result reflecting strong global demand for fancy coloured diamonds. These results are also a reflection of Argyle approaching the end of its mine life, with the supply of these extremely rare diamonds becoming
Relatives of Israeli Diamond Tycoon Arrested
Tel Aviv: Relatives of Israeli billionaire Lev Leviev were arrested on Monday morning in connection with a massive diamond smuggling scheme. Leviev’s son and brother were among six suspects arrested on suspicion of smuggling diamonds worth hundreds of millions of shekels to Israel. Also among the six was a veteran employee of one of Leviev’s factories in Russia, who returned to Israel six
Zimbabwe to Announce Diamond Policy
Harare: Zimbabwe’s mining minister Mr. Winston Chitando says he expects to announce a diamond policy later this month, which will also regularise the operations of the State-owned Zimbabwe Consolidated Diamond Company (ZCDC). The policy is expected to lead to the unbundling of ZCDC and put legal requirements for mining companies to have corporate social responsibility programmes. ZCDC was established in
AWDC Partners with Alibaba
Antwerp: Antwerp World Diamond Centre (AWDC) and Alibaba Group announced that they have entered an exclusive partnership to offer Antwerp certified diamonds to Chinese consumers via Alibaba’s B2C marketplace, Tmall. The cooperation agreement was signed in the framework of the first China International Import Expo (CIEE), which is being held this week in Shanghai. Chinese consumers love Antwerp diamonds and China
Argyle Pink Diamonds Tender Gets Record Results
Perth: Rio Tinto’s 2018 Argyle Pink Diamonds Tender collection of 63 rare pink, red and violet diamonds from its Argyle mine in Australia has delivered another record result reflecting strong global demand for fancy coloured diamonds. These results are also a reflection of Argyle approaching the end of its mine life, with the supply of these extremely rare diamonds becoming
Relatives of Israeli Diamond Tycoon Arrested
Tel Aviv: Relatives of Israeli billionaire Lev Leviev were arrested on Monday morning in connection with a massive diamond smuggling scheme. Leviev’s son and brother were among six suspects arrested on suspicion of smuggling diamonds worth hundreds of millions of shekels to Israel. Also among the six was a veteran employee of one of Leviev’s factories in Russia, who returned to Israel six
Zimbabwe to Announce Diamond Policy
Harare: Zimbabwe’s mining minister Mr. Winston Chitando says he expects to announce a diamond policy later this month, which will also regularise the operations of the State-owned Zimbabwe Consolidated Diamond Company (ZCDC). The policy is expected to lead to the unbundling of ZCDC and put legal requirements for mining companies to have corporate social responsibility programmes. ZCDC was established in
AWDC Partners with Alibaba
Antwerp: Antwerp World Diamond Centre (AWDC) and Alibaba Group announced that they have entered an exclusive partnership to offer Antwerp certified diamonds to Chinese consumers via Alibaba’s B2C marketplace, Tmall. The cooperation agreement was signed in the framework of the first China International Import Expo (CIEE), which is being held this week in Shanghai. Chinese consumers love Antwerp diamonds and China
