“The global diamond industry must now learn to steer clear of this obstructive and outdated “blood/conflict diamond” terminology,” says Dr M’zee Fula Ngenge, Chairman, African Diamond Council

Dr M'zée Fula Ngenge, the Chairman of the African Diamond Council (ADC), a Mining Engineer and highly respected Senior Strategy Advisor celebrated 40 years in the global diamond industry this year. He acts as a professional liaison within...

Today

Anglo American Platinum makes significant investments in SA’s hydrogen economy

Anglo American Platinum continues to make significant investments in South Africa’s hydrogen economy, according to a company spokesperson. The Platinum Group Metals (PGMs) miner’s external communication principal Nomonde Ndwalaza told Rough&Polished’s...

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Ellen Joncheere: I am launching a new initiative to support young designers globally

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12 september 2022

Hari Krishna Exports eyes untapped diamond jewellery markets

Ghanshyam Dholakia, born in a farmers’ family in a remote village Dudhala in Gujarat was inspired along with his siblings by his father to follow their destiny and this led them to Surat city - a world of opportunities! In the early seventies, Ghanshyam’s...

05 september 2022

There truly is a shift of interest of the masses in LGDs

Shashikanth Dalichand Shah, Chairman of Lab Grown Diamond & Jewelry Promotion Council (LGDJPC), has been promoting the lab-grown diamond and jewellery sector for the past few years spreading awareness of lab-grown diamonds and helping and educating...

29 august 2022

UBS pessimistic forecast on the gold exchange rate

22 september 2022
The rise in the price of gold to 1,680 US dollars per troy ounce is a negative signal for both the yellow metal and silver, according to a report by UBS Group AG.
One of the largest Swiss financial holdings, which provides a wide range of financial services to clients around the world, predicts the price of gold at the end of the year at $1,600 per ounce, while warning of its possible fall to $1,500.
Taking into account the expected growth of real yields in the US exceeding 1% and the strengthening of the dollar, UBS predicts further outflow of funds from gold exchange-traded funds (ETFs) and a reduction in futures contracts in the coming months.
Thus, UBS confirms its forecast regarding the negative impact of market factors on the gold exchange rate over the next 3-6 months, boursorama.com writes.

Alex Shishlo for Rough&Polished