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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Lucara’s Exceptional Stone Tender Earns $30 Mln
Gaborone: Lucara Diamonds’ second Exceptional Stone Tender of 2015 achieved revenues of US $29.7 million ($20,625 per carat). The tender included 13 single stones totalling 1,440 carats. The very large, high quality exceptional stones were extracted from its 100% owned Karowe Mine in Botswana. The announcement points out the following highlights: 10 diamonds sold for more than $1.0 million each
India Plans to Promote Diamonds with Miners
Mumbai: Falling sales and squeezing margins have prompted Indian diamond trade to consider teaming up with miners like Rio Tinto, ALROSA and De Beers and launching a marketing campaign in strategic markets like China, Latin America and the Middle East, reports The Economic Times. The plan is to rope in international advertising agencies and celebrities to promote diamond that of
No Mercy for Those Involved in Certification Fraud
Antwerp: Four traders have received extremely harsh sentences from the Correctional Court in Antwerp for committing fraud concerning diamond certificates. The traders in question criminally bribed an employee from the HRD Antwerp diamond lab, and in this way were able to obtain certificates stating a higher color grade for their diamonds than is actually the case. This enabled them to
Connecting Resources and Society Conference
Gaborone: Leading experts will meet in Botswana on 23 – 24 November 2015 for the Connecting Resources and Society conference that is set to explore the role of Botswana’s diamond industry in the socio-economic development of the country since independence, almost 50 years ago. It will also discuss how responsible resource management can safeguard the benefits of resource extraction for
Lucara’s Exceptional Stone Tender Earns $30 Mln
Gaborone: Lucara Diamonds’ second Exceptional Stone Tender of 2015 achieved revenues of US $29.7 million ($20,625 per carat). The tender included 13 single stones totalling 1,440 carats. The very large, high quality exceptional stones were extracted from its 100% owned Karowe Mine in Botswana. The announcement points out the following highlights: 10 diamonds sold for more than $1.0 million each
India Plans to Promote Diamonds with Miners
Mumbai: Falling sales and squeezing margins have prompted Indian diamond trade to consider teaming up with miners like Rio Tinto, ALROSA and De Beers and launching a marketing campaign in strategic markets like China, Latin America and the Middle East, reports The Economic Times. The plan is to rope in international advertising agencies and celebrities to promote diamond that of
No Mercy for Those Involved in Certification Fraud
Antwerp: Four traders have received extremely harsh sentences from the Correctional Court in Antwerp for committing fraud concerning diamond certificates. The traders in question criminally bribed an employee from the HRD Antwerp diamond lab, and in this way were able to obtain certificates stating a higher color grade for their diamonds than is actually the case. This enabled them to
Connecting Resources and Society Conference
Gaborone: Leading experts will meet in Botswana on 23 – 24 November 2015 for the Connecting Resources and Society conference that is set to explore the role of Botswana’s diamond industry in the socio-economic development of the country since independence, almost 50 years ago. It will also discuss how responsible resource management can safeguard the benefits of resource extraction for
