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
Rough October Fest at IDE Announced
Ramat Gan: The Israel Diamond Exchange (IDE) will be hosting multiple rough diamond tenders and sales events during the month of October, in the Ramat Gan diamond trading complex. In addition to rough diamond tenders and auctions held by Rio Tinto, De Beers Auction Sales and Tzoffey’s 1818, a ‘Blue-White’ Diamond Dealing Day will be held in the IDE trading
China's Appetite for Diamonds has Waned: Rio
New York: ‘China’s appetite for diamonds has waned recently alongside the volatility in the country’s stock market’, said Jean-Marc Leiberherr, managing director of Rio Tinto’s diamond division in an interview this week as reported in The Wall Street Journal. “We see that people are postponing their nonessential purchases and avoid buying overly conspicuous goods,” he said. While China is still
India to Launch Sovereign Gold Coins
New Delhi: Move over gold coins with images of the queen of England. Come Gandhi Jayanti, Indians can lap up their very own sovereign gold coins, adorned with the image of the Ashok Chakra, reports Indian Express. The government has decided to launch the sovereign gold coin from October 2 so that people can easily take advantage of it during
Hope Spinel Sold for Record Price
London: A rare British-owned gemstone steeped in history and intrigue sold for a record price of $30,000 per carat yesterday at Bonhams Fine Jewelry sale in London. The previous world record price per carat for a faceted Spinel was $16,000 which was set in 2013. This exceptional gem was bought by a private telephone bidder. The Hope Spinel was part
Mbada Diamonds Cuts Salaries, 4 Executives Resign
Harare: Workers at Zimbabwe’s leading diamond producer, Mbada Diamonds, staged a sit-in last week after its management slashed their salaries by 50 percent, claiming there had been a massive decline in production. The decision to reduce salaries also resulted in four senior managers tendering their resignations in protest. Workers told New Zimbabwe that they were also not happy with management’s
Tanzanite Foundation Shutting Down
New York: The New York City–based Tanzanite Foundation will cease operations on Aug. 31. Tanzanite Foundation executive director Hayley Henning confirmed to JCK this week that the 11-year-old promotional agency for tanzanite will close at the end of August. Formed by miner TanzaniteOne, the nonprofit foundation has served all ethical and socially responsible operators and partners in the tanzanite industry,
New York Orders Comprehensive Ivory Ban
New York: New York’s Governor Andrew Cuomo signed legislation yesterday that amends the state’s environmental law to ban elephant ivory, mammoth ivory and rhino horn sales in New York. This state legislation enhances federal efforts to tighten the ivory trade ban on a federal level. Under the law, this permanent ban on the sales of these products has only a
Gemfields Reports Auction Revenues of $15.5 Million
Lusaka: Gemfields plc reported auction revenues of $15.5 million, the second highest achieved at any lower quality auction, of its auction of mostly lower quality rough emerald and beryl held in Lusaka, Zambia, from August 5 to 8. Excluding the sale of 1.5 tonnes of low grade beryl, the average realized price was $3.61 per carat, a new record for
