Global Gold City Project Announced
Platinum is Set to Become the Metal of Choice: Sujala Martis
Should Airlines Ban Carrying Gold in Hand?
Now That a Jobs Miss Broke Gold’s Resistance, Can Silver Clear Its Ceiling?
Macro Snapshot: The FOMC held rates at 3.50 to 3.75% on July 29 by a 9 to 3 vote, with three members dissenting in favour of a quarter-point hike. Chair Kevin Warsh described inflation as a ‘choice’ and made clear the Committee would move quickly if incoming inflation data ran hot. Going into the week ending August 7, CME FedWatch put September hike odds near 58%. That framing collapsed on Friday. The Bureau of Labor Statistics reported that US employers
Now That a Jobs Miss Broke Gold’s Resistance, Can Silver Clear Its Ceiling?
Macro Snapshot: The FOMC held rates at 3.50 to 3.75% on July 29 by a 9 to 3 vote, with three members dissenting in favour of a quarter-point hike. Chair Kevin Warsh described inflation as a ‘choice’ and made clear the Committee would move quickly if incoming inflation data ran hot. Going into the week ending August 7, CME FedWatch put September hike odds near 58%. That framing collapsed on Friday. The Bureau of Labor Statistics reported that US employers
Top News
Botswana Rough Exports Rise
Gaborone: Botswana’s rough diamond shipments increased 2.5% to $849.6 million in the first quarter, reflecting higher sales at De Beers, according to recent data from the Bank of Botswana. Exports amounted to $243.1 million in January, $254.2 million in February and $352.3 million in March, figures showed. The rise occurred amid a recovery in the market that saw De Beers’
Stornoway Diamond Sells $35.4 Mln in 1Q
Toronto: Canadian miner Stornoway Diamond Corporation earned US$35.4 million (C$48.5m) from the sale of 459,126 carats rough of stones for the quarter ended March 31, 2017, the first full operating period for the Renard Mine. Commercial production was officially declared on January 1, 2017. Total diamond sales since the project began now stand at 498,039 carats at an average price
Government Representatives Visit GJSCI in Surat
Surat Parliamentary Standing Committee on Labour visited Training Centres of GJSCI on Monday. The visit saw the esteemed presence of 20 Members of Parliament led by chairperson Shri. Kirit Somaiya, MP & other prominent personalities like Mr. Rajesh Agarwal (Jt. Secretary MSDE), Jayant Krishna (COO “NSDC), Mr. Gaurav Kapoor (Head- Industry Partnership &CSR; SSC Engagement-NSDC), Mr. Rajesh Agarwal (NSDC) and
Israel Diamond Trade Enjoys Rare Growth
Ramat Gan: Israel’s polished diamond exports bounced back in the first quarter as orders from Switzerland and the US grew during the period. Outbound shipments of polished jumped 16% to $1.7 billion in the January-to-March period, according to the nation’s Ministry of Industry, Trade and Labor. The increase was only the third positive quarter for polished exports out of the
Botswana Rough Exports Rise
Gaborone: Botswana’s rough diamond shipments increased 2.5% to $849.6 million in the first quarter, reflecting higher sales at De Beers, according to recent data from the Bank of Botswana. Exports amounted to $243.1 million in January, $254.2 million in February and $352.3 million in March, figures showed. The rise occurred amid a recovery in the market that saw De Beers’
Stornoway Diamond Sells $35.4 Mln in 1Q
Toronto: Canadian miner Stornoway Diamond Corporation earned US$35.4 million (C$48.5m) from the sale of 459,126 carats rough of stones for the quarter ended March 31, 2017, the first full operating period for the Renard Mine. Commercial production was officially declared on January 1, 2017. Total diamond sales since the project began now stand at 498,039 carats at an average price
Government Representatives Visit GJSCI in Surat
Surat Parliamentary Standing Committee on Labour visited Training Centres of GJSCI on Monday. The visit saw the esteemed presence of 20 Members of Parliament led by chairperson Shri. Kirit Somaiya, MP & other prominent personalities like Mr. Rajesh Agarwal (Jt. Secretary MSDE), Jayant Krishna (COO “NSDC), Mr. Gaurav Kapoor (Head- Industry Partnership &CSR; SSC Engagement-NSDC), Mr. Rajesh Agarwal (NSDC) and
Israel Diamond Trade Enjoys Rare Growth
Ramat Gan: Israel’s polished diamond exports bounced back in the first quarter as orders from Switzerland and the US grew during the period. Outbound shipments of polished jumped 16% to $1.7 billion in the January-to-March period, according to the nation’s Ministry of Industry, Trade and Labor. The increase was only the third positive quarter for polished exports out of the
