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Expert reports

Gold fixing overseen by an independent administrator
London has reconsidered the gold fixing process. The new formula is designed to prevent manipulation with the gold rate. Four international banks - Barclays, Bank of Nova Scotia, Société Générale and HSBC – which perform electronic calculation of the gold ounce rate twice a day, morning and afternoon, are now obliged to do it under the supervision of an independent administrator.

Let’s talk diamonds
( - Often it seems that gold gets all the fun when I write and speak about precious metals and minerals. But Vancouver-based Lucara Diamond, which we own in both our Gold and Precious Metals Fund (USERX) and World Precious Minerals Fund (UNWPX), has been turning heads here at U.S. Global Investors lately for a number of reasons, the most notable being that it continues to report stellar returns.

Diamond Miners Buoyed by U.S. Economic Recovery
(The Wall Street Journal) - All that glisters is not gold. Rough diamond prices have risen by 5% to 10% this year, according to analysts. Investors now also have more options to bet on the stones.

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India’s August polished exports decline by 18.58%; rough imports increase by 26.82%
India’s Cut and Polished exports for month of August 2014 has recorded $1920.05 million (29.04 lakh carats), registering a decline of 18.58% as against $2358.12 million (36.08 lakh carats) during August 2013, according to the provisional figures announced by the Gem & Jewellery Export Promotion Council (GJEPC) of India.

China Gold Association and the World Gold Council became strategic partners
The World Gold Council, the market development organization for the gold industry, and the China Gold Association signed a "Comprehensive Strategic Cooperation Agreement" at China Gold Congress & Expo 2014 in Beijing.

Russia, Zim ink $3bln platinum mining deal, annual output of 800 000 oz targeted
Russia and Zimbabwe on September 16 signed Agreement of cooperation to develop platinum project in Darwendale near capital Harare. Russia’s investments amount to  $3 billion.

Petra sells 122.52 ct diamond for $27.6 mln with provision to get 15% of sale proceed
Petra Diamonds said it sold the 122.52 carat blue diamond recovered from its Cullinan mine in South Africa last June for $27.6 million or $225,269 per carat.

Russia to supply Zim with state-of-art mining equipment
Russia’s OMZ-Special Steels and the state- owned Zimbabwe Mining Development Corporation (ZMDC) signed a memorandum of understanding that will see the parastatal company modernize its operations through the supply of state- of-the-art equipment.

Alrosa teams up with DTZ-OZGEO to prospect for Zim diamonds
Diamond giant Alrosa is set to prospect for diamonds in Zimbabwe with DTZ-OZGEO, a Zimbabwe-Russia joint venture company.

Finance Ministry of Russia suggests to double spending on purchase of precious metals and stones to Gokhran
Russia's Finance Ministry  suggests to double spending on purchase of precious metals and stones to Gokhran in 2015-2016.

Accreditation for the 2nd Edition of International Jewellery Economic Forum taking place in Moscow on September 29 - October 1 is open
Accreditation for the three days of the 2nd International Jewellery Economic Forum has started. The event will take place in the Congress Center of the Chamber of Commerce and Industry in Moscow.


More people are now opting for diamonds rather than plain gold jewellery, because they offer a greater investment opportunity and are trendier
rajiv_popley_preview.jpgRajiv Popley, Director of Popley Group, is well-known in the jewellery and watch sector in Mumbai. In the year 2006, Rajiv launched the first Indian boutiques for Tag Heuer and Omega. His passion for watches and luxury led him to build trade relations with Switzerland by fostering the Indo-Swiss society. Rajiv was also one of the first few to launch platinum jewellery India in association with Platinum Guild International. He has been promoting this rare metal for over a decade. In an interview with Rough&Polished, Rajiv sees the Indian jewellery market becoming more demand-driven with the younger generation playing a major part in the future.


The Next Global Diamond Hub could be Virtual, and Chinese
The industry is busy debating the destiny of old and new diamond hubs, but this geographic battle might become completely irrelevant in a few years’ time.

Upsurge in Rough Diamond Smuggling in Central African Republic
After suspension of its membership in the Kimberly Process (KP), the organization set up for curbing the circulation of conflict diamonds, since May 23, 2013 the Central African Republic (CAR) has not officially exported even a single diamond mined on the territory of the country. This resulted in the loss of substantial revenues to its economy.

HRD Antwerp
9th China Gold & Precious Metals Summit 2014


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