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
New Diamond Exchange Proposed in Lisbon
Lisbon: A new diamond exchange, which is a private project with private investors, may kick off its operations in Lisbon, presumably in two or three years from now. Though the whole venture is so far in the making and ‘not all is guaranteed yet’, in the words of Vitor Rita, its Project Manager, it has its location almost set and
Gold Jewellery Demand +6% in Q3 2015: WGC
Mumbai: Demand for gold jewellery increased 6 percent in the third quarter of 2015 according to the World Gold Council’s (WGC) Gold Demand Trends report. Demand hit 632 tons compared to 594 tons in the third quarter of 2014. According to the WGC, consumers in India, China, the US and the Middle East took advantage of lower prices in July
Anglo American Makes Changes to Top Mgmt.
Gaborone: Anglo American has made a number of changes, effective January 1, 2016, to its top management to enable what it calls, “a dedicated focus on both the group’s marketing business and the evolution of the strategy.” Among the changes, Bruce Cleaver, De Beers’ executive head of Strategy and Corporate Affairs, has been appointed group director – Strategy and Business
Hong Kong Indian Diamond Association Formed
Hong Kong: Hong Kong-based Indian diamond companies formally launched the Hong Kong Indian Diamond Association (HKIDA) – an organization aimed at protecting and promoting the natural diamond trade – during an inauguration ceremony on November 5, reports JNA. Mr. Ramesh Virani, chairman of HKIDA, cited the support and commitment of the association’s 35 founding members, which include the largest Indian
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
