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
De Beers Cuts Diamond Forecast Yet Again
Gaborone: According to the Anglo American Q3 production report, De Beers’ diamond production for the third quarter of 2015 decreased 27% to six million carats, following the decision to reduce production to better reflect current trading conditions – namely, oversupply in the diamond market. Anglo also said that De Beers’ full year production guidance is now ~29 million carats –
Gem-A Appoint Interim Chief Executive
London: After several months without a Chief Executive Officer, the Council of the Gemmological Association of Great Britain (Gem-A) have appointed Nick Jones as interim CEO. Nick’s role as interim CEO is to manage the Association, and advise the Council on the future structure of the Association. Nick is a Chartered Accountant with a wealth of experience, who recently retired
IDW in New York Ended with Success Note
Ramat Gan: The fourth edition of the Israel Diamond Week in New York proved once again a successful enterprise. During the four-day event, about a hundred Israeli bourse members joined an equal number of American colleagues on the trading floor of the Diamond Dealers Club of New York (DDC), attending to more than two hundreds visiting buyers and droves of
De Beers’ Viewings of Auction in BDB on 27th Oct
Mumbai: The De Beers Group of Companies announced that its Auction Sales business intends to conduct viewings of auction lots at the Special Notified Zone (SNZ) in Mumbai, India, in November 2015 ahead of its December 2015 auction events. Under the current schedule, the full range of products to be offered for sale at the December auction will be available
Gold, Diamond Deposits Traced in Odisha
Bhubaneswar: Geological survey has revealed deposits of a variety of gem stones, gold and diamond in Boudh district in India’s Odisha state, Steel and Mines minister Prafulla Kumar Mallick informed in the State Assembly here on Friday, according to a report published in Odisha Sun Times. Replying to a question by Mahidhara Rana, he said as informed by the Steel
Diamonds worth Crores Stuck in US Labs
Mumbai: An unprecedented delay by US-based Gemological Institute of America (GIA) in certifying of polished diamonds is worrying diamantaires in Surat and Mumbai, who are now facing liquidity problems due to shortage of gems to sell in the market, reports The Times of India. The diamond sized below one carat (the most popular category) that are sent to Carlsbard and
GIA Team Uncovers Gemstone Treasures in Brazil
Brasilia: Field researchers from the Gemological Institute of America (GIA) journeyed to gemstone mining areas in Brazil from March 31 to April 17 this year, gathering information on the current state of coloured stone mines in the region. Focusing specifically on emerald and tourmaline, the research team had the opportunity to visited Minas Gerais, Rio Grande do Norte and Paraiba
GJEPC Welcomes Export Promotion Mission, SEZ Revival
Mumbai:Announcing the reforms and budget for 2014-15, the Finance Minister, Mr. Arun Jaitley has maintained the populist front, announcing various small measures and state level schemes however none of them promise any major impact on the gem & jewelry sector, the Gem & Jewellery Export Promotion Council (GJEPC) has said in an official statement. “The industry is happy that our
