News Archives

: Category: News Archives; Created: 01 August 2021; Hits: 581

August 01, 21 by John Jeffay

(IDEX Online) - A lawyer in Pakistan is urging the government to retrieve the iconic Koh-i-Noor diamond from Britain.

It's the latest of many twists in the history of the 105.6-ct Type IIa D-color gem, which has been the center-piece of Queen Elizabeth's crown since her coronation in 1953.

Ownership of the stone is a matter of bitter debate, with India, Pakistan, Iran, and Afghanistan all laying claim to it.

Barrister Javed Iqbal has now filed a petition at the Lahore High Court, as part of long-running legal move, seeking directives for the federal government to take measures to bring back the diamond to Pakistan.

He says Maharaja Duleep Singh, the last ruler of Punjab, was forced to relinquish his claim of sovereignty -and the Koh-I-Nor diamond - after losing the second Anglo-Sikh war in 1849.

He says the diamond belongs to Punjab and must be returned.

Pic shows the Koh-i-Noor diamond loose, and set in Queen Elizabeth's crown...

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: Category: News Archives; Created: 30 July 2021; Hits: 496

“Inflation is accelerating while Treasury yields trend lower, resulting in record low negative yields,” which are bullish for gold, Michael Armbruster, managing partner at Altavest, told MarketWatch. “It also helps gold that the dollar has rolled over yet again.”

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: Category: News Archives; Created: 30 July 2021; Hits: 456

The dollar languished near a one-month low on Friday and was poised for its worst weekly performance since May as dovish remarks by the U.S. Federal Reserve together with underwhelming economic data took the steam out of a month-long rally.

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: Category: News Archives; Created: 29 July 2021; Hits: 464

July 29, 21 by

(IDEX Online) - Alrosa bought stockpiles of diamonds from the Russian government in a highly unusual bid to replenish dwindling inventory, ahead its current contract sale.

A special auction was held last week by Gokhran, the state repository of precious gems and metals. Alrosa bought 70 per cent of the diamonds offered for sale.

The miner has been warning of "a long period of supply deficit" in the rough market as demand remains high, mid-stream stocks run low and miners' inventories hit rock bottom.

But is warning that cautions that the Gokhran diamonds will not be enough to fully plug the gap.

"Even with this step we will be able to satisfy only some of the demand at the upcoming session," said Evgeny Agureev, Alrosa's deputy CEO (pictured).

"The government takes a very responsible approach to selling diamonds from Gokhran and only offers them against real demand.

"These diamonds are what the market needs right now, and they will soon move on to the cutting and polishing stage, which we believe will somewhat contribute to balance the market."

Alrosa's current trading session began on Monday....

Diamond News Archives

Give us back the Koh-i-Noor, says Pakistan Lawyer

Gold Prices Decline, but Tally a Rise for the Month: MW

Dollar Near One-Month Low, Set for Worst Weekly Showing Since May

Alrosa Buys State Diamonds as Stocks Run Low

China Syndrome and Taper Tantrums – Just Two of Many Things To Fret About