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
Russia’s 1H Rough Diamond Exports slide 16%
Moscow: Russia’s rough diamond exports fell 16 percent year on year to $2.13 billion in the first half of 2015, Itar-Tass reported citing the country’s Ministry of Finance. By volume, exports declined 10 percent to 17.83 million carats. Rough imports rose 70 percent to $46.5 million as volume more than tripled to 28,000 carats. Russia was the world’s largest diamond
KGK Diamonds Wins Court Battle in New York
New York: A New York Supreme Court judge ruled in favor of KGK Diamonds, awarding the Indian sightholder a judgment of $2.4 million plus interest against Madison Avenue Diamonds, the company behind the Ivanka Trump Fine Jewelry brand, for breach of contract, in a court battle that dragged on for nearly three years, reports JCKonline. Both parties had agreed to
Registration for IDW in New York is Open
Ramat Gan: Registration for the fourth edition of the Israel Diamond Week in New York is now open. Diamond buyers interested in attending are requested to register HERE. The event will be held on the trading floor of the Diamond Dealers Club of New York, at 580 Fifth Avenue in midtown Manhattan, October 19-22, 2015. “The diamond trading centers of
CAR Still Suspended by Kimberley Process
Antwerp: The Kimberley Process (KP) suspended the Central African Republic (CAR) in May 2013, meaning that all countries are forbidden from importing rough diamonds from CAR. Because the situation in certain parts of the country has seen considerable progress, it was decided in June 2015 during the KP Intersessional to grant CAR the opportunity to eventually start exporting rough diamonds
De Beers Revenue +15% to $4B
Gaborone: Anglo American’s group underlying earnings rose 3 percent to $1.284 billion for the first half that ended on June 30 and De Beers contribution of $469 million reflected an increase of 59 percent. The second greatest contribution to Anglo’s profit, of $443 million, came from the iron ore and manganese unit. Anglo’s profit attributable to shareholders jumped 263 percent
India’s Rough Imports Inceased by 16.19%
Mumbai: India’s cut & polished diamond exports for month of June 2014 has registered $1,469 million (2,695,000 carats), showing a decrease of 0.66 percent against $1,478.81 million (2,806,000 carats) during June 2013, according to the provisional figures announced by the Gem & Jewellery Export Promotion Council (GJEPC) of India. For the period of April 2014 to June 2014 too, cut
3 Carat Synthetic Largest-Ever Grown Gem
New York: Pure Grown, the man-made diamond company formerly known as Gemesis, is selling a 3 ct. K SI stone—which it calls the largest colorless diamond ever produced by nonnatural means, reports jckonline. Lisa Bissell, the Fabrikant veteran recently appointed president and CEO of the company, says that she has every intention of selling the gem, which has a report
Zimbabwe Imposes Embargo on Rough Export
Harare: The Zimbabwean government has reportedly banned the export of rough diamonds to ensure the country realises maximum value for its gems. NewsDay quoted Mines and Mining Development minister Walter Chidhakwa as saying that the issue was extensively discussed and Cabinet agreed and directed that “we implement the new institutional programme”. He said Harare had recognized that it was “not
