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
Alrosa Readies Clients for New Contract Period
Moscow: Russian diamond miner Alrosa briefed its long-term clients last week on the requirements for its new three-year contract period, which begins in 2018. To determine whether clients qualify for the “Alrosa Alliance” program, the company will evaluate their applications and assess their cooperation during the current contract period, the miner said. Alrosa — the largest diamond producer by volume
India’s Supreme Court Won’t Try for ‘Kohinoor’
New Delhi: India’s Supreme Court has told officials pushing for fresh attempts to bring the priceless Koh-i-Noor diamond, now part of the British crown jewels, that it cannot interfere in the diplomatic process nor can it direct another country to not auction the gem. The 105-carat Koh-i-Noor diamond, which came into British hands in the mid-19th Century, has been on
Zimbabwe Opposes New 'Conflict Diamonds' Definition
Harare: Zimbabwe said it will not support the civil society’s sponsored move to expand the definition of conflict diamonds to include issues such as human rights. Mines minister Walter Chidhakwa told Rough & Polished that Harare engaged the South Africans on the sidelines of the African Mining Indaba last February and they also indicated their discomfort with the overhaul of
GJEPC-ALROSA Agree to Collaborate on Multiple Fronts
Mumbai: India’s Gem & Jewellery Export Promotion Council (GJEPC) and ALROSA have agreed to work together more closely for resolution of a number of issues facing the diamond industry, following a recent meeting at the ALROSA headquarters in Moscow that GJEPC Chairman Praveenshankar Pandya had with newly appointed ALROSA president Sergey Ivanov and Vice Presidents Yuri Okoyomov and Andrey Polyakov.
Alrosa Readies Clients for New Contract Period
Moscow: Russian diamond miner Alrosa briefed its long-term clients last week on the requirements for its new three-year contract period, which begins in 2018. To determine whether clients qualify for the “Alrosa Alliance” program, the company will evaluate their applications and assess their cooperation during the current contract period, the miner said. Alrosa — the largest diamond producer by volume
India’s Supreme Court Won’t Try for ‘Kohinoor’
New Delhi: India’s Supreme Court has told officials pushing for fresh attempts to bring the priceless Koh-i-Noor diamond, now part of the British crown jewels, that it cannot interfere in the diplomatic process nor can it direct another country to not auction the gem. The 105-carat Koh-i-Noor diamond, which came into British hands in the mid-19th Century, has been on
Zimbabwe Opposes New 'Conflict Diamonds' Definition
Harare: Zimbabwe said it will not support the civil society’s sponsored move to expand the definition of conflict diamonds to include issues such as human rights. Mines minister Walter Chidhakwa told Rough & Polished that Harare engaged the South Africans on the sidelines of the African Mining Indaba last February and they also indicated their discomfort with the overhaul of
GJEPC-ALROSA Agree to Collaborate on Multiple Fronts
Mumbai: India’s Gem & Jewellery Export Promotion Council (GJEPC) and ALROSA have agreed to work together more closely for resolution of a number of issues facing the diamond industry, following a recent meeting at the ALROSA headquarters in Moscow that GJEPC Chairman Praveenshankar Pandya had with newly appointed ALROSA president Sergey Ivanov and Vice Presidents Yuri Okoyomov and Andrey Polyakov.
