We Wish to Build Globally Relevant SKY Gold: Akash Talesara
Israel’s Diamond Industry Under Severe Pressure
Did Natural Diamond Ind. Misjudge LGD Threat?
Despite Collapsing Hike Odds, Rising Yields Kept Indian Gold, Silver Below Their Floors
Snap Shot: Most of the damage in the week ending 2 October landed before the good news arrived, and the good news then failed to repair it. August core PCE inflation, released on 30 September, rose 3.0% from a year earlier against expectations of 3.3%, helped partly by methodology changes at the Bureau of Economic Analysis. September payrolls on 2 October then added just 29,000 jobs against forecasts near 90,000, with unemployment at 4.2% and August revised down to 133,000
Despite Collapsing Hike Odds, Rising Yields Kept Indian Gold, Silver Below Their Floors
Snap Shot: Most of the damage in the week ending 2 October landed before the good news arrived, and the good news then failed to repair it. August core PCE inflation, released on 30 September, rose 3.0% from a year earlier against expectations of 3.3%, helped partly by methodology changes at the Bureau of Economic Analysis. September payrolls on 2 October then added just 29,000 jobs against forecasts near 90,000, with unemployment at 4.2% and August revised down to 133,000
Top News
Talks with Temple Trusts for Monetizing Idle Gold
New Delhi: The government has initiated talks with temple trusts for bringing their vast stocks of gold into the financial system through the monetization scheme, reports Hindustan Times. Prime Minister Narendra Modi launched the scheme on November 5, along with sovereign gold bonds and coins, to mobilize an estimated 22,000 tonnes of idle gold lying in family lockers and temples
Global Platinum Demand to Go Down by 5%
Johannesburg: The World Platinum Investment Council (WPIC) has estimated that global demand for platinum jewellery in 2015 at 2,850 thousand ounces (koz) will be 5% lower than the corresponding figure of 2,990 koz in 2014, mainly on account of weak demand in China. The projection was part of its fifth Platinum Quarterly data set which was released recently, based on
PNG Jewellers Wins ‘Most Promising Brand’ Award
Mumbai: PNG Jewellers, the Indian Jewellery brand that has been growing in leaps and bounds has been awarded as the most promising brand of India in Jewellery and Lifestyle sector by World Consulting and Research Corporation (WCRC). Credibility, quality and diversity have been the values that PNG Jewellers stand by and this prestigious award is an acknowledgement for the brand
Cyber Monday Diamond Deals from Israel
Ramat Gan: As the Cyber Monday approached, the Israeli Diamond Industry (IDI) once again offered consumers very attractive deals on loose diamonds and diamond jewelry on its popular e-commerce platform, which went live yesterday. Developed by the Israel Diamond Institute Group of Companies (IDI), the dedicated website Israel Diamond Deals is offering fancy color and white diamonds, as well as
Forevermark Eyeing 30% Revenue from India
Jaipur: Forevermark, the premium diamond brand from the world’s largest diamond company, De Beers Group, expects India to contribute about 30 per cent to the brand’s global sales in three-four years from about 15 per cent now. Forevermark, which entered the Indian market in 2011, retails through over 150 retailers and wholesalers across the country. The company doesn’t intend to
World’s Largest Faceted Sapphire Up For Sale
Atlanta: Ophir Collection, LLC has announced that the Ophir Collection of rare gemstones is available for sale. The collection has been awarded nine GUINNESS WORLD RECORDS titles. Included within the collection is the world’s largest faceted Sapphire, the Ophir Sapphire. Weighing 31,308 carats, roughly the size of a dinner plate, the extraordinary blue gemstone is recognized by Guinness World Records
Two Miners Leave World Gold Council
London: Two longtime members of the World Gold Council have resigned from the organization, reportedly for financial reasons. The decisions of AngloGold Ashanti and Gold Fields to leave were cost based, according to a report in Bloomberg. In a statement, the organization said it “regrets the departures.” “As long-standing members, AngloGold Ashanti and Gold Fields have played a leading role
China’s Gold Demand to Continue For 20 Years
Beijing: China’s strong appetite for gold is expected to continue for the next 20 years, driven by the country’s increasing per capita income and the global shift of gold consumption from the West to the East, the China Gold Association said. In 2013, China’s gold consumption reached 1,176.4 tonnes, making it the world’s biggest gold consumer. Its consumption in 2014
