Auction Preview: Sotheby’s Sale of Fine Jewels, New York, October 17

Author: BLOUIN ARTINFO - Published 13-10-2017 12:33 - ( Reads)
Diamond Ring, Tiffany & Co. Set with a round brilliant-cut diamond weighing 5.06 carats, flanked by two baguette diamonds, size 7¼, signed Tiffany & Co. Estimate: USD 200,000 — 300,000

Silver futures drop to Rs. 40,290 per kg

Author: unknown - Published 13-10-2017 12:31 - ( Reads)
Amid profit-booking by speculators, silver prices dropped by Rs. 62 to Rs. 40,290 per kg at the futures trade today even as the metal strengthened overseas.

Profit-booking pulls gold futures down to Rs 29,781

Author: unknown - Published 13-10-2017 11:27 - ( Reads)
Gold prices drifted lower by Rs 33 to Rs 29,781 per 10 grams at the futures trade today as participants lightened their positions to book profits at existing higher levels even as the precious metal climbed overseas.

$15m boost for Lesotho diamond project

Author: unknown - Published 13-10-2017 10:21 - ( Reads)
Australian-based Lucapa Diamond Company has secured a US$15-million loan from Singapore’s Equigold to develop Phase 1 of the Mothae kimberlite diamond project in Lesotho, the firm announced on Friday.Lucapa managing director Stephen Wetherall said in a statement that the advanced nature of the Mothae kimberlite project – which has historical expenditure of US$36 million and recovered more than 23,000 carats of diamonds during an extensive trial mining phase – has enabled the company to fast-track its development under a staged, low-risk plan.

Malabar Gold opens 3 stores in a day in UAE and Kuwait

Author: unknown - Published 13-10-2017 02:29 - ( Reads)
Malabar Gold and Diamonds, one among the Big 5 jewellery retailers globally with a strong retail network of over 190 retail outlets spread across nine countries, has launched three new stores recently.

Bollywood star Kareena Kapoor Khan launched two stores in Dubai on October 5. The store located at Cosmos Lane, Meena Bazar, near Dubai Museum, which is the largest jewellery store in Bur Dubai, was inaugurated by Kareena Kapoor in the presence of MP Ahammed, chairman - Malabar Group;, KP Abdul Salam, group executive director - Malabar Group, Shamlal Ahamed, Managing Director - International Operations, Malabar Gold & Diamonds; Asher O, managing director - India Operations, Malabar Gold & Diamonds; management team members and well-wishers.

Zimbabwe: Israeli Diamond Firm in Trouble

Author: Cyril Zenda - Published 12-10-2017 14:21 - ( Reads)
The High Court has foiled an attempt by an Israeli diamond firm to wind down its operations in Zimbabwe without settling its financial obligations.

Singapore Diamond Investment Exchange to List Diamond Bullion

Author: Albert Robinson - Published 12-10-2017 12:43 - ( Reads)
The Singapore Diamond Mint Company (SDM) has launched the Diamond Bullion™, an investment product designed to bolster investment in diamonds as an asset class by providing a standardized, liquid, and exchange-listed format for diamond trading.

Mumbai conference explores classy mystique of Indian jewellery

Author: Bella Jaisinghani - Published 11-10-2017 22:18 - ( Reads)
A conference on the timeless legacy of Indian jewels took place in Mumbai October 6-7. International speakers of renown including Tom Moses of the GIA (Gemological Institute of America), Francesca Cartier Brickell of the Cartier family

Diamonds are the 'new gold' as exchange launches standardised form of precious stone

Author: BARBARA LEWIS, Yiming Woo - Published 11-10-2017 14:12 - ( Reads)
Diamonds can at last be an investor’s best friend, the Singapore Diamond Investment Exchange (SDIX) said on Tuesday, as it launched a new standardised form of the precious stone to rival gold ingots as a safe-haven alternative to cash.

Jewellers expect 20-30% increase in sales this Diwali

Author: Sutanuka Ghosal - Published 11-10-2017 01:31 - ( Reads)
Jewellers are expecting a 20% -30% increase in sales this Diwali as the market sentiment has become positive after government decided to do away with KYC requirement for cash purchase of gold of Rs 50,000.
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