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
Debswana Prolongs Lifespan of Mines To 2050
Gaborone: Debswana, a joint venture between De Beers and the Botswana government, has extended the lifespan of its mines in the southern African country to 2050. Company managing director Balisi Bonyongo was quoted by APA as saying that the extension would solidify Botswana’s position as the world’s leading diamond producer by value. He also said that Debswana would continue to
Artisan Awards Receives 800 Artworks
Mumbai: An afternoon filled with awe and excitement, the Gem and Jewellery Export Promotion Council of India (GJEPC), hosted the first round of screening for the Artisan Awards 2014. The eminent jury panel selected a total of 40 sketches from 800 entries, narrowing down the best in design, ingeniously bringing alive the movie eras through jewellery. Sanjiv Banerjee, Mamta Rajaram,
Surat to Have India's First Diamond SEZ Soon
Surat: The State of Gujarat in India is now proposing to set up a SEZ (Special Economic Zone) exclusively for diamonds in Surat, possibly the first of its kind in India. According to Gujarat’s Finance Minister Saurabh Patel, the SEZ will be set up in a month or two, as reported in Economic Times. The state government is keen that
India, China Sign MoU on Gem Trade
Jaipur: The gemstone councils of China and India recently signed a memorandum of understanding (MoU) to help facilitate seamless jewellery trade between the two countries, the Times of India reported. The MoU was inked between India’s Gems and Jewellery Export Promotion Council (GJEPC) and China Gems Centre (CGC) on the sidelines of the Jewellers Association Show in Jaipur. Panyu City Vice
