Antwerp Diamond Bank to close accounts by June 30

The Antwerp World Diamond Centre (AWDC) stated that significant progress has been made in transitioning Antwerp Diamond Bank (ADB) clients to new banking services.  In April, the AWDC negotiated a two-month extension for ADB clients to transition out before June 30. With that deadline approaching, the AWDC stated that many of ADB's clients have secured new banking services; however, "time is of the essence" since ADB will close all remaining accounts on that day. - Read more

Kimberley process presents roadmap for CAR compliance

The Kimberley Process Certification Scheme (KPCS) has developed a work plan to resume rough diamond exports from the Central African Republic (CAR), which would partially end the sanctions of the country’s diamond production. - Read more

Exhibitors increase by 20% in June Hong Kong Jewellery & Gem Fair

June Hong Kong Jewellery and Gem fair ended up on a positive note. This year, the show received an overwhelming response with 20 per cent increase in exhibitors as compared to last year. This edition gathered 2,286 exhibitors from 45 countries and regions in over 70,000 square metres of exhibition space. The Fair implements the product-sectorisation initiative, which groups exhibitors according to product categories, thus helping buyers locate the products easily. - Read more

Quote of the day 29th June 2015

"Risk-off sentiment hit the market following the news of Greece, sending gold higher on the open."

Sam Laughlin, Precious Metals Trader, MKS Group

Gold gets safe-haven boost on Greek fears, equities slump

Gold jumped along with other safe-haven assets on Monday after the Greek debt crisis took a turn for the worse over the weekend, with Athens looking more likely to default and exit the euro zone.- Read more