Chetan Kumar Mehta Propels Laxmi Diamonds to the Top
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Platinum is Set to Become the Metal of Choice: Sujala Martis
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The 200-Day Held: Now Comes the Test That Decides Whether the Bounce is a Reversal
Macro Snapshot: The week ending July 3 broke a five-week decline for both gold and silver. Gold posted its first weekly gain since late May and silver led the recovery with a much larger move. The trigger was a weaker-than-expected US jobs report, which reset rate-hike expectations and pushed the dollar to its largest weekly decline since April. Layered underneath were two other significant developments: the release of the World Gold Council’s Mid-Year Outlook on Tuesday July 1 (covered in
The 200-Day Held: Now Comes the Test That Decides Whether the Bounce is a Reversal
Macro Snapshot: The week ending July 3 broke a five-week decline for both gold and silver. Gold posted its first weekly gain since late May and silver led the recovery with a much larger move. The trigger was a weaker-than-expected US jobs report, which reset rate-hike expectations and pushed the dollar to its largest weekly decline since April. Layered underneath were two other significant developments: the release of the World Gold Council’s Mid-Year Outlook on Tuesday July 1 (covered in
Top News
De Beers Wins Award for its Ecological Efforts
Gaborone: De Beers Consolidated Mines (DBCM) has won the Wildlife Ranching SA award for ‘Biodiversity and Social Responsibility’, in recognition of its approach to ecological management, the De Beers Group announced. The company picked up the accolade for its approach to ecological management at four private game reserves it runs in the Northern Cape and Limpopo Provinces. Judges singled out
IIDGR Partners with Lukfook Jewellery
Hong Kong: The International Institute of Diamond Grading & Research (IIDGR), part of De Beers Group announced on Thursday that it has established a polished diamond grading partnership with Lukfook Jewellery, a leading Hong Kong and Mainland China jewellery retailer. The grading partnership is De Beers Group’s first with a vertically-integrated Sightholder. Through the partnership, the IIDGR will supply co-branded
De Beers Cuts Sightholder Allocations
Gaborone: De Beers has reduced the supply of rough diamonds it will be offering sightholders in the coming year, as it fulfills its commitment to support diamond manufacturing in Namibia. The company signed an agreement with the Namibian government last year, committing to allocate 15% of its Namibia production to state-owned company Namdia, which will conduct independent sales on behalf
‘Kashmir-Like' Sapphires Entered Gem Trade
Basel: (By Dr. Michael S. Krzemnicki, SSEF): In recent weeks, the Swiss Gemmological Institute SSEF has analysed a significant number of sapphires from a new deposit at Bemainty, near the small town of Ambatondrazaka in Madagascar, which were submitted to us by several reliable independent sources. Bemainty/Ambatondrazaka is the site of a new gem-rush in Madagascar, which over the past
De Beers Wins Award for its Ecological Efforts
Gaborone: De Beers Consolidated Mines (DBCM) has won the Wildlife Ranching SA award for ‘Biodiversity and Social Responsibility’, in recognition of its approach to ecological management, the De Beers Group announced. The company picked up the accolade for its approach to ecological management at four private game reserves it runs in the Northern Cape and Limpopo Provinces. Judges singled out
IIDGR Partners with Lukfook Jewellery
Hong Kong: The International Institute of Diamond Grading & Research (IIDGR), part of De Beers Group announced on Thursday that it has established a polished diamond grading partnership with Lukfook Jewellery, a leading Hong Kong and Mainland China jewellery retailer. The grading partnership is De Beers Group’s first with a vertically-integrated Sightholder. Through the partnership, the IIDGR will supply co-branded
De Beers Cuts Sightholder Allocations
Gaborone: De Beers has reduced the supply of rough diamonds it will be offering sightholders in the coming year, as it fulfills its commitment to support diamond manufacturing in Namibia. The company signed an agreement with the Namibian government last year, committing to allocate 15% of its Namibia production to state-owned company Namdia, which will conduct independent sales on behalf
‘Kashmir-Like' Sapphires Entered Gem Trade
Basel: (By Dr. Michael S. Krzemnicki, SSEF): In recent weeks, the Swiss Gemmological Institute SSEF has analysed a significant number of sapphires from a new deposit at Bemainty, near the small town of Ambatondrazaka in Madagascar, which were submitted to us by several reliable independent sources. Bemainty/Ambatondrazaka is the site of a new gem-rush in Madagascar, which over the past
