Association invests in online gold company

The World Gold Council (WGC) reports that together with global investor Augmentum Capital, it has invested in an on-line gold company, BullionVault.

Gem Diamonds remains ‘cautious’ ahead of Christmas season

Aim-listed Gem Diamonds remains “cautious” ahead of the Christmas season, despite the upward trend of retail demand, the company said on Monday. It said in a statement that cutting centre stocks remained high, primarily owing to lower US...

Precious coin distributor claims record Krugerrand sales

A South African precious coin distributor, the South African Gold Coin Exchange, reported on Friday that sales of Krugerrands were “at an all-time high”. Executive chairperson Alan Demby said that domestic demand appeared to be underpinned by...

De Beers exercising pricing restraint despite retail strength

Stress in the global diamond-manufacturing industry is likely to see rough-diamond miner and marketer De Beers exercising some pricing restraint over the next few months, chairperson Nicky Oppenheimer said on Wednesday.

Gold demand slumps on poor consumer confidence

Overall gold demand for jewellery, retail investment, and industrial and dental uses amounted to 729t in the second quarter, 14% lower than a year earlier, the World Gold Council (WGC) said yesterday.