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
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
DPA Announces Marketing Agency
Gaborone: The Diamond Producers Association (DPA) has appointed Mother New York as its global strategic marketing partner. Mother New York will work with the DPA and recently appointed managing director of marketing Sally Morrison on a new campaign that will make diamonds relevant to the next generation, a statement said. “We were impressed with Mother New York’s deep understanding of
Gemfields’ 1Q Emerald Production Jumps 10%
London: Colored gemstone miner Gemfields reported emerald and beryl production from its Zambian subsidiary Kagem Mining Limited jumped to 7.5 million carats in the first quarter to September 30, a 19 percent surge from a year ago. The average grade rose 11 percent to 237 carats per tonne. Revenue from its predominantly higher-quality rough emerald auction in Singapore in September
GJF Asks Finmin to Rationalize Duty
New Delhi: The All India Gems and Jewellery Trade Federation (GJF) has asked the government to at least double the gap between the import duties on raw gold and finished product to protect domestic manufacturers stressed by various curbs on raw material sourcing from overseas. In a meeting with the finance minister, senior executives of the association demanded the government
2nd Annual Banking Summit Held by GJEPC
Mumbai: India’s Gem & Jewellery Export Promotion Council (GJEPC) organized second annual Diamond, Gem & Jewellery Banking Summit-2014 on Saturday, 28th June 2014 in Mumbai. At the end of the Summit, a Work-Group was formed consisting representatives of India’s diamond sector, Banks and Export Credit Guarantee Corporation (ECGC) to suggest solutions to improve cordial relations among them. Delivering the inaugural
Stéphane Fischler Re-Elected President of AWDC
Antwerp: On Wednesday June 25, during the first meeting of the new Board of Directors of the Antwerp World Diamond Centre (AWDC) the Board members reelected Stéphane Fischler as President of the AWDC. The Board of Directors also appointed Kaushik Mehta as Vice-President, representing the trade, and Freddy Inzlicht as Vice-President representing the Bourses. In 2012, the by-laws of the
No Assurance from India on Easing Gold Curbs
Mumbai: A delegation of diamond traders and representatives of Gems and Jewellery Export Promotion Council (GJEPC) met the Union Finance Minister, Arun Jaitley recently, demanding relaxation in various rules relating to gems and jewellery industry. The Finance Minister, however, remained reluctant to give any assurance on the existing gold import’s 80-20 rule, which allows only nominated agencies to import gold
