the Annual Silver Industry Dinner hosted by the Silver Institute, Philip
Newman, Director at Metals Focus presented the Metals Focus / Silver Institute
Interim Silver Market Review, which featured historical supply and demand
statistics and provisional estimates for 2019.
following are the key highlights from the presentation: 1: Even allowing for
the recent, modest pull-back in the silver price, the last few months have seen
a major improvement in investor sentiment towards silver.
study undertaken, to identify and know the status of the lac jewellery and
craftsmen in all cultural and geographical pockets, to examine and develop the
process of commercialization of traditional craft of LAC jewellery, to develop,
if possible with immediate effect, standards/benchmark for quality works in
arts/ creativity so that the internationally acceptability can be compared.
Study also focussed to develop a sustainable model for Lac Craft through design
and technical interventions for it to re-establish in the current context.
2nd National GST Conference of the Commissioners of State Tax and Chief
Commissioners of Central Tax was held here today under the chairmanship of Dr
Ajay Bhushan Pandey, Revenue Secretary, Ministry of Finance.
multi-faceted Conference was focused on brainstorming session for streamlining
Goods and Services Tax (GST) system and plugging revenue leakages. This was the
2nd edition of all India Conference where both tax administrations came
together formally to build synergy and to share their knowledge and best
practices with intent to bring about uniformity in tax administrations.
Diamond Company and its partners Endiama and Rosas & Petalas announced the
recovery of a 117 carat diamond from the Lulo alluvial mine in Angola. The
gem-quality 117 carat stone is the 14th +100 carat diamond recovered to date
from Lulo by Lucapa and its partners and the first for 2020.
117 carat Lulo diamond The 117 carat diamond was among the Specials (+10.8
carat diamonds) recovered recently from Mining Block 19. Mining Block 19 is
located between the prolific Mining Blocks 6 and 8, which have together
produced 12 +100 carat diamonds, including Angola’s biggest recorded gem – the
404 carat 4th February Stone recovered and sold in 2016 for US$16 million.
market conditions improved in December as US and Chinese holiday demand helped
raise sentiment. Polished prices stabilized, supported by shortages of
better-quality goods. The RapNet Index for 1-carat diamonds slid 0.2% in
December and 5.3% for the full year. The index for 0.30- and 0.50-carat stones
firmed in the fourth quarter following steep declines earlier in the year.
High-end categories of 3 carats and larger remain weak.
market in 2019 was supply-driven, as noted in the Diamond Price Statistics
Annual Report that appears in this month’s issue of Rapaport Magazine. An
oversupply of diamonds set a negative tone, leaving the trade with numerous
diamonds that were difficult to sell. Inventory levels declined in the fourth
quarter, but there were a lot of lower-quality goods still available at the end
Liberty Gold Corp announced additional drill
results from its Carlin-style Black Pine Property in southern Idaho, USA. Reverse Circulation drilling at Black Pine
continues to return thick, high-grade intervals of Carlin-style oxide gold
mineralization. New results reflect step-out drilling on all sides of the
Discovery 2 Zone. Exploratory holes were also drilled to the south, east and
west of the Discovery 1 and 2 Zones.
The Discovery 2 Zone continues to deliver
thick, high-grade oxide gold intercepts in drill holes. Most highlight
intercepts to date are oxide. Weighted average cyanide solubility for the
primary high-grade interval in LBP088 is 92%, for LBP090, 86%, and for LBP095,
to the World Gold Council, 2019 Highlights, North American and European funds
drove almost all inflows each growing 14% in 2019, SPDR Gold Shares and iShares
Gold Trust collectively represented nearly half the global inflows & Global
gold-backed assets under management (AUM) grew 37% in US dollars during the
year as a result of positive demand, combined with an 18.4% increase in the
gold-backed ETFs and similar products had US$19.2bn, or 400 tonnes(t), of net
inflows in 2019 in almost all countries, after holdings rebounded in December.2
Collective ETF holdings reached all-time highs of ~2,900t in the fourth
2020, chains and bracelets get cheerful, due to two new Pantone colors, which
come in acrylic with high abrasion resistance. Yellow Iris radiates optimism,
while Beetroot Purple surprises with a flashy hue. A strong statement for the
enjoyment of life!
Shows 2020: VicenzaOro January, IJS Hong Kong, Oroarezzo, JCK Las Vegas, VicenzaOro
September & JGF Hong Kong.
National Statistical Office (NSO), Ministry of Statistics and Programme
Implementation has released the First Advance Estimates of National Income at
both Constant (2011-12) and Current Prices, for the financial year 2019-20
along with the corresponding estimates of expenditure components of the Gross
Domestic Product (GDP).
First Advance Estimates of GDP have been released in accordance with the
release calendar of National Accounts. The approach for compiling the Advance
Estimates is based on Benchmark-Indicator method. The sector-wise Estimates are
obtained by extrapolation of indicators like (i) Index of Industrial Production
(IIP) of first 7 months of the financial year.
Federation of Diamond Bourses (WFDB) mourns the passing away of Sergey Oulin on
December 31, 2019 at the age of 69 years. President Ernie Blom has, on behalf
of the entire organisation, expressed sadness at the loss of a colleague and
was the President of the Diamond Chamber of Russia and former member of the
WFDB Executive Committee (ExCo).
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