“Get Diamonds” platform will soon be available in Russian, Hindi, Arabic and any other languages as per demand from any countries

A first-generation diamantaire Yoram Dvash, currently serving as the Acting President at World Federation of Diamond Bourses (WFDB) and the President of the Israel Diamond Exchange (IDE), launched his diamond manufacturing and trading...

25 may 2020

Sustainability is the only way forward - Rahul Jauhari

Rahul Jauhari, Sr Vice President of Global Sales & Marketing, Star Rays, has forged ahead professionally for more than 14 years garnering experience in Business Development, Luxury Lifestyle Consultancy, Market Analysis, Global Fashion / Luxury trend...

18 may 2020

Keeping global supply chains functioning vital – De Beers

Diamond giant, De Beers has said that it is essential to keep global supply chains functioning in view of the substantial impact of Covid-19 on the industry. Group spokesperson David Johnson told Rough & Polished’s Mathew Nyaungwa in an exclusive interview...

11 may 2020

Gabon courts foreign investors to grow fledgling diamond sector

Diamond production in Gabon, which has been a member of the Kimberley Diamond Certification Process since 2018, is currently dominated by artisanal miners. The artisanal miners are producing about 300 carats per month, according to Gabon’s director of...

05 may 2020

TaTe Diamonds - a Namibian diamond company specialized in Namibian rough

Armed with degrees in Economics and Commerce and an MBA - specialized in Strategic Planning & Business Development, taShi Shiimi-ya-Shiimi is an executive, possessing many years of global experience in Information Technology and Strategic Management...

27 april 2020

Chinese are investing in gold in a big way due to worries over economy

01 november 2019
Chinese investors are piling into gold bullion in a big way due to worries over China’s economy and political system. Holdings of the metal reached a record-breaking 50 metric tons worth around $2.4 billion at the end of September, says a report in Forbes.
The total bullion held by those ETFs rose 3.5 tons compared to the previous month, meaning that investors piled $168 million of cash into the funds over the 30 days through September 30.
People familiar with the gold market will already know that the Chinese ETF total is dwarfed by the better known SPDR Gold Shares ETF which alone holds 918 tons of the metal worth more than $44 billion.
The report also claims that the flood of cash going into the four Chinese funds this year is a telling signal about the deteriorating state of investor sentiments in China. The country’s actual growth rate is likely to be far lower than the recent stated annualized growth of 6.0%. Even if you believe the government statistics, the figure still represents the slowest growth for the country since 1992. The government is finding that debt-fueled public spending has a much-reduced ability to boost the country’s economy. As a result of the malaise, investors are seeking sanctuary in gold bullion.

Aruna Gaitonde, Editor in Chief of the Asian Bureau, Rough & Polished