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Diamonds – the new gold for rich investors?

LONDON: Diamonds can at last be an investor’s best friend, the Singapore Diamond Investment Exchange (SDIX) said on Tuesday, as it launched a new standardised form of the precious stones to rival gold ingots as a safe-haven alternative to…

Bangladesh seizes half-tonne of gold from top jeweller

DHAKA: Bangladeshi authorities have confiscated half a tonne of gold from a top jeweller, officials said Sunday, amid a crackdown on a booming smuggling trade. Customs officials raided five outlets of Apan Jewellers over several days…

Fake cops walk off with gold worth over $5mln in Japan

TOKYO: Thieves posing as police officers walked off with more than $5 million of gold after telling a group of men simply to hand it over, Japanese media reported Wednesday. The fake cops stopped the group and demanded briefcases that…

Man finds 100 kilos of gold hidden in new home

PARIS: A Frenchman who inherited a big house from a dead relative got more than he bargained for when he discovered a glittering treasure trove of gold coins and bars worth millions stashed around the place. The treasure is worth an…

Gold dives close to six-year low

LONDON: Gold sank Wednesday close to the lowest level in nearly six years, as the dollar rallied on prospects for a December interest rate hike from the US Federal Reserve.