Asanko gold production of 205047 oz

According to Asanko Gold Announcement of Q4 and Full Year 2017 Production Results, FY 2017 gold production of 205,047 ounces and Q4 production of 51,550 ounces, in line with 2017 revised production guidance of 205-225,000 ounces. US$62.6 million in gold revenue at an average realized price of US$1,264 per ounce for Q4.

Budget Session begins today!

Gem-n-Jewellery industry looks closely!

Addressing floor leaders of parties in the Rajya Sabha and Lok Sabha here today, ahead of the Budget Session 2018 of Parliament beginning tomorrow, Prime Minister of India, Shri Narendra Modi said that Government gives huge importance to the issues raised by all Political Parties and exhorted all Political Parties to collectively strive to create a constructive atmosphere in Budget Session to achieve National Good.

Jewellery fabrication up by 3% YoY

Gold prices slipped to a near five-month low by mid-December ahead of the FOMC meeting, where the U.S. Federal Reserve raised interest rates for the third time in a move widely expected by the markets. Gold recovered most of earlier losses in the second half of the month, helped by a weaker U.S. dollar, finishing the year on an upbeat note.

Q4 physical demand increased over the previous quarter, although it was only slightly higher year-on-year. This, along with lower mine production, saw the physical surplus shrink to just three tonnes. This is said in Global review and outlook, GFMS Gold Survey 2017!  

Gold and Geopolitical Risk!

The papers of a Study of Excess ‘Volatility of Gold and Silver’ By Parthajit Kayal, S. Maheswaran discusses the case of strong path dependency in asset prices from the theoretical and empirical standpoints. Specifically, it demonstrates persistence of excess volatility in the gold spot price data that engenders excessive path dependence, whereas it is not the same with silver.

For this study, we use the extreme value estimator proposed by Rogers and Satchell (1991) and the VRatio proposed by Maheswaran et al (2011). The data for the study is for the period from January, 2001 to December, 2016. We use multiple-days‘ time horizons for examining the excess volatility with a better approximation of Brownian motion in the data.

Integra a resources 124500 oz of gold

Integra Resources acquires a 100% royalty-free interest in the Empire Group Claims encompassing the Trade Dollar – Black Jack vein system, the major historic underground producer at the Florida Mountain Project, for USD $1.6 million.

Significant past producing mine hosting both high grade and low-grade gold-silver, situated 8.5 kilometers east by road of Integra’s DeLamar gold-silver deposit. Historical underground mines at Florida Mountain are estimated to have produced a total of 133,000 ounces of gold and 15.4 million ounces of silver from 1883 to 1910.

Mountain produces 797K cts of rough

Mountain Province Diamonds announces production results for the fourth quarter ended December 31, 2017 from the Gahcho Kué Diamond Mine & says In the fourth quarter of 2017, the GK Mine treated approximately 693,000 tonnes of ore through the process plant and recovered approximately 1,627,000 carats on a 100% basis for an average grade of approximately 2.35 carats per tonne.

High end diamond jewelry at IDWI

IDWI will feature a section devoted to high end

diamond jewelry manufactured by Israeli companies

Israel’s 7th International Diamond Week (IDWI), to be held by the Israel Diamond Exchange (IDE) from February 5 – 7, 2018, will feature a section devoted to high end diamond jewelry manufactured by Israeli diamond companies.

Incorporation Process simplified

Government of India is committed to achieve a position in the top 50 countries for Doing Business as per the rankings published annually by the World Bank. During the past 3 years. The Ministry of Corporate Affairs has contributed significantly towards improvement of ranking in Ease of Doing Business in the country, but there is a lot more scope to further improve, especially with respect to starting a business.

Exporters must focus on new markets!

The Vice President of India, Shri M Venkaiah Naidu has asked India’s exporters to focus on new markets and new products including sunrise products which show higher growth in global trade including electric, electronic, Tele-communication equipment. He was addressing the gathering after conferring FIEO Exports Excellence Awards 2018.

Russia inks MOU with CIBJO and AWDC

Russian government signs MOU with CIBJO and AWDC,

aims to harmonize Russian diamond classification

system with international standard

The Ministry of Finance of the Russian Federation has concluded a Memorandum of Understanding with CIBJO, the World Jewellery Confederation, and the Antwerp World Diamond Centre (AWDC), with the goal of harmonizing the official system used in Russia for the classification of polished diamonds with the standards and nomenclature applied internationally.