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
IDWI Aiming for Global Participation
Ramat Gan: The organizing committee of the Winter Edition of the International Diamond Week in Israel (IDWI), to be held at the Israel Diamond Exchange (IDE), February 14-18, 2016, is aiming to make the event accessible to members of all the bourses that are affiliated to the World Federation of Diamond Bourses (WFDB). Moti Fluk, the IDWI’s Chairperson, said letters
Amnesty International Raps Diamond Companies
Luanda: Amnesty International said diamond companies must stop using the cover of the Kimberley Process to claim that their stones are free from human rights abuses and conflict. “Diamond companies continue to hide behind the veneer of respectability offered by the Kimberley Process rather than taking responsibility for what happens along their supply chains,” said Amnesty researcher Lucy Graham as
Lucara Recovers Historic 1,111 Carat Diamond!
Vancouver: Lucara Diamond Corp. has announced the recovery of a 1,111 carat gem quality, Type IIa diamond. According to their press release, “The magnificent stone, which originated from the south lobe of Lucara’s Karowe Mine [in Botswana], is the world’s second largest gem quality diamond ever recovered and the largest ever to be recovered through a modern processing facility. The
UAE Responds to KP Civil Society Boycott
Dubai: The United Arab Emirates (UAE) has responded to yesterday’s announcement by the Kimberley Process Civil Society Coalition that it will be boycotting the Kimberley Process (KP) in 2016 owing to the chairmanship of the UAE. According to a press release from Partnership Africa Canada, the 11 Coalition members said the chairmanship crossed a “red line” due to widespread concerns
GJEPC Donates Rs One Crore to Make A Wish India
Mumbai: Gem and Jewellery Export Promotion Council (GJEPC) organized “Jewellers for Hope” charity dinner in association with GSI, yesterday in Mumbai. Leading bollywood celebrities Kajol, Boman Irani, Siddharth Roy Kapur graced the evening hosted by Raageshwari Sachdeva-Badola in the presence of the whose-who of the gems & jewellery trade. The “Jewellers for Hope” annual charity dinner is the first edition
India Reduces Tariff Value on Gold
New Delhi: The India government recently reduced the import tariff value on gold to USD 425 per 10 grams due to falling international prices. On the other hand, the tariff value on silver was raised to USD 690 per kg. As on June 30, the tariff value on imported gold stood at USD 428 per 10 grams and silver at
Silver Price to be Set by New System
London: The London silver price mechanism will now be set via an electronic, auction-based mechanism administrated by CME Group and Thomson Reuters, according to a statement from the London Bullion Market Association. The new mechanism was chosen because it is electronic, “auction-based and auditable and tradable with an increased number of direct participants,” the LBMA said in a statement. CME
De Beers Boosts Q2 Diamond Output
Gaborone: De Beers increased its output 7 percent year on year to 8.515 million carats in the second quarter of the year. The group was targeting an output of between 30 million and 32 million carats this year. Anglo American, which owns 85 percent of the diamond group, said in a statement that the increase was mainly due to higher
