We Wish to Build Globally Relevant SKY Gold: Akash Talesara
Israel’s Diamond Industry Under Severe Pressure
Did Natural Diamond Ind. Misjudge LGD Threat?
Why Did Gold & Silver Break Down Just as Fed Hike Bets Faded
Macro Snapshot: The rate backdrop eased during the week ending 23 October, which makes the metals’ slide harder to explain. CME FedWatch odds of a hike at the 27 to 28 October FOMC meeting had settled near one in three on 14 October, after the 3.7% September CPI print, and stood at 9.4% by 23 October. December hike odds slipped from about 90% to close to 80%. The 10-year Treasury yield closed at 5.00% against 5.09% a week earlier, and
Why Did Gold & Silver Break Down Just as Fed Hike Bets Faded
Macro Snapshot: The rate backdrop eased during the week ending 23 October, which makes the metals’ slide harder to explain. CME FedWatch odds of a hike at the 27 to 28 October FOMC meeting had settled near one in three on 14 October, after the 3.7% September CPI print, and stood at 9.4% by 23 October. December hike odds slipped from about 90% to close to 80%. The 10-year Treasury yield closed at 5.00% against 5.09% a week earlier, and
Top News
More Rate Cuts Unlikely in FY16: Ind-Ra
Mumbai: Factory Output Surprises on the Upside: Index of Industrial Production (IIP) grew 6.4% in August 2015, much higher than India Ratings and Research’s (Ind-Ra) forecast of 4.3%. Cumulatively for the period April-August 2015 the industrial output grew 4.1% compared with 3.0% for the same period last fiscal. This sustained growth, though still low, indicates that industrial recovery is on
Diamonds ‘Not Promoted Enough’
Saurimo: Diamonds are not being promoted well enough, and as a result people are not motivated to buy them, the chairman of Angolan state diamond company Endiama said last week. Speaking in the Angolan city of Saurimo on October 6, Carlos Sumbula told a delegation of British members of parliament that diamond producers needed to unite to streamline promotional campaigns
Botswana Plans 'Bold' Financial Stimulus
Gaborone: The government of Botswana has said that it will use some of its $8.5 billion in foreign exchange reserves to stimulate its economy following a drop in diamond prices. “We have realized our economy is going to stagnate,” said President Ian Khama in a televised speech, as quoted by Reuters. “The time has come for us to make bold
Growing Prominence of Latin America in Jewellery
Milan: CIBJO President Gaetano Cavalieri has drawn attention to the growing prominence of Latin America in the international jewellery business, and in particular to the role that is being played by Mexico, the region’s most valuable luxury product market. He was participating at a gathering of political and business leaders, as well as jewellers from across the Americas, during the
Russia, Zimbabwe Ink $3bln Platinum Mining Deal
Moscow: Russia and Zimbabwe on September 16 signed Agreement of cooperation to develop platinum project in Darwendale near capital Harare. Russia’s investments amount to $3 billion. President Robert Mugabe and Russia’s Foreign Minister, Sergey Lavrov and Minister of Industry and Trade Denis Manturov oversaw the inking of the deal said to be the largest single foreign investment into Zimbabwe’s comatose
Antwerp Diamond Bank Faces Liquidation
Antwerp: The sale of Antwerp Diamond Bank to China’s Yinren Group appears stalled, and some fear the 80-year-old bank might liquidate, according to Belgian reports citing newspaper De Tijd. Parent company KBC, directed by regulators to divest the bank, agreed to sell it to the Chinese Yinren Group for an undisclosed amount in December. But the sale—which requires regulatory approval—has
RJC Certifies Tara Jewels Ltd.
London: RJC announced that Tara Jewels Ltd., a Mumbai headquartered international integrated player in the jewelry industry with expertise ranging from designing to manufacturing and retailing of jewellery, has achieved Certification by meeting the highest ethical, social and environmental standards established by the RJC. “RJC warmly congratulates Tara Jewels Ltd. on its Certification. The successful verification assessment was conducted by
World Diamond Conference in Delhi
Mumbai: The World Diamond Mark Foundation (WDMF), in close cooperation with the Gem & Jewellery Export Promotion Council (GJEPC), India, will organize an international World Diamond Conference supported by the Ministry of Commerce and Industry, Government of India, in upcoming December, with its heart at the future of diamonds and diamond jewellery in the global luxury consumer market. The conference
