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
UAE to Increase Local Jewelry Manufacturing
Dubai: A UAE jeweler has confirmed plans to set up design and productions facilities that will increase the country’s capacity to manufacture locally made jewelry, enabling ‘Made in UAE’ imprint to spread out more in the Gulf and further afield. Malabar Gold & Diamonds, a major retailer, is to open a $20 million (AED75 million) facility at Dubai TechnoPark, which
Amnesty Report on CAR Ignores Antwerp Controls
Antwerp: Despite the fact an Amnesty International team visited the Antwerp World Diamond Centre, including the Antwerp Diamond Office which supervises all imports and exports of diamonds to and from Antwerp, and was able to witness how the strict controls on imports of rough are conducted in Antwerp, the Antwerp World Diamond Centre cannot but conclude the report contains factual
Rio Tinto Sets First-Time India Rough Auction
Mumbai: Rio Tinto Diamonds has set out plans to bring rough diamonds for the first time directly into India from its Argyle mine in Australia and Diavik mine in Canada for auction viewings. The products will be on display at the Bharat Diamond Bourse’s new Special Notified Zone at the end of November. The viewings, open only to fully registered
'Indian Consumers Need Different Strategy'
Mumbai: Diamond retailers will be required to adopt differentiated approaches to realize the significant growth opportunity in India, the world’s third-biggest consumer market for diamonds in which demand has more than trebled over the last decade, according to De Beers. Rising incomes and aspirations could afford the industry an even bigger prize over the next 10 years, the company said
31st Edition of the IIJS Inaugurated
Mumbai: The Gem & Jewellery Export Promotion Council (GJEPC) inaugurated the 31st Edition of India International Jewellery Show today at Bombay Exhibition Centre, Goregaon – the paramount show for the trade in Asia. The show is being organized from 17th to 21st July 2014 and will have 35000 visitors, over 850 plus exhibitors and 1800 booths from India and Overseas.
De Beers Probe into Data Leak is Nearing End
Gaborone: DE BEERS Consolidated Mines (DBCM) is close to completing a probe into the leak of sensitive data about its pricing of rough diamonds and details of sales to South African clients, company CEO Philip Barton has said. There was a leak of the De Beers price book, which contains diamond valuation data and customer details and invoices in South
Israeli Firms Offered Aid to Open Up in India
Tel Aviv: If you are an Israeli diamond company that has been considering opening up branches in one of both of the two most populous countries in the world, the conditions for you doing so have just ripened, according to the Israel Diamond Exchange (IDE). The Israel-Asia Chamber of Commerce announced that Israel’s Economy Ministry is willing to partially fund
Rio Tinto’s Skill Development Plan at Bunder
Bhopal: Rio Tinto’s Bunder project has announced a unique driver training programme as part of a skills development plan for its diamond project in Madhya Pradesh. A special driver training program focusing on light vehicles has commenced with more than half the existing Bunder workforce eligible to apply. The programme, comprising theory and practical training, is being undertaken in partnership
