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
IIMA’s IGPC to Present Whitepaper on GMS
Mumbai: Indian Institute of Management Ahmedabad’s (IIMA) India Gold Policy Centre (IGPC) conducted a workshop today, involving key stakeholders to seek their opinions on gold monetization in India. Their opinions will be presented as a whitepaper to the Government of India as an on-ground feedback on the two schemes on gold monetization approved by the Union Cabinet last month. It
De Beers Allowing 100% Deferrals at Nov Sight
Gaborone: In what is a first for the firm, De Beers will allow its sightholders to turn down their entire November allocations until December in recognition of the intense pressure under which diamond manufacturers are working die to the soft condition of the market. “Further to discussions with several of you following recent cutting center visits, we are writing to
WFDB Meeting to Discuss New Strategy
Antwerp: The World Federation of Diamond Bourses’ (WFDB) Executive Committee meeting, which will take place next week in Idar-Oberstein, Germany, will enable the organization to hold discussions on the global diamond industry and a new strategy going forward. The meeting, being hosted by Germany’s Diamond and Gemstones Exchange, will take place on November 1-2, and be attended by Executive Committee
Argyle Mine Next Headache for Troubled Industry?
Perth: In an opinion piece, Business News (West Australia) industry specialist Tim Treadgold says Rio Tinto’s Argyle mine hasn’t been profitable for the past 5 to 6 years, citing a royalties report by the Australian government released in June. With global diamond demand and prices plunging, that situation is hardly likely to improve, Treadgold says. In addition, the author questions
WFDB Accepts Canada and S. Korea as New Members
Antwerp: The World Federation of Diamond Bourses (WFDB) has accepted the applications for membership of two bourses – the Canada Diamond Bourse and the South Korean diamond exchange. WFDB members approved the applications at the 36th World Diamond Congress in Antwerp which opened yesterday. The Congress is the bi-annual meeting of WFDB and the International Diamond Manufacturers Association (IDMA). The
Diamond Mfrg. Industry Fighting for Survival: IDMA
Antwerp: “Diamond manufacturers worldwide are fighting for their survival. They are caught between – and battered by – the proverbial hammer, a rough diamond supply system that is foul and faulty – and the anvil, a vertically integrated financial structure that basically continues to bleed them,” Maxim Shkadov, president of the International Diamond Manufacturers Association (IDMA), the representative body of
Gold Prices Unlikely to Settle due to Iraq Tensions
Mumbai: With the turmoil in Ukraine almost gone from the headlines, gold’s status as a hard asset and storer of wealth in times of trouble lost some of its shine. But as Iraq spirals into all-out war and the US looks in danger of being pulled back into a conflict it has spent the last six years extricating itself from,
122.52 Carat Blue Diamond Found at Cullinan
Johannesburg: In what is shaping up to be one of most the amazing diamond finds in recent times, a 122.52 ct. blue diamond—the size of a walnut—has been discovered at the Cullinan mine in South Africa, said mine owner Petra Diamonds. Blue diamonds are ultrarare, as are stones weighing more than 100 cts.—making this, as Petra puts it, a “truly
