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
Israel: Two Polished Diamond Companies ‘Collapse’
Ramat Gan: Two Israeli companies trading in polished diamonds have ‘collapsed’, according to a report by Israel’s Yediot Aharonot business section ‘Mamon’, and have ceased operations. The one company, Ben David Diamonds, reportedly has debts of between US$40 million and US$70 million, and the other, Mostrov Diamonds, owes round US$24 million, says the news source, with the debts mostly owed
Diamond Trafficking Still Financing CAR Conflict
Bangui: The smuggling of diamonds from the Central African Republic (CAR) into neighbouring Cameroon and Chad is said to be fueling the country’s internecine conflict. The export of diamonds from CAR was banned in May 2013 by the Kimberley Process, after the country plunged into chaos in March 2013 when predominantly Muslim Seleka rebels seized power, triggering reprisals by “anti-balaka”
India, China to Boost Global Jewellery Sales till '20
Mumbai: India and China will continue to fuel growth in the global gemstone and jewellery industry until 2020, thanks to consumers’ rising disposable income and changing preferences, increasing demand for branded jewellery and strong sales from online retail channels. Demand for gold, diamond, platinum and coloured gemstone jewellery is gradually increasing due to rising availability, expanding distribution network and rising
Mini Raman Spectrometer by Diamond Services
Hong Kong: As it prepares for the launch of its ground-breaking mini Raman Spectrometer at the Hong Kong Jewellery & Gem Fair in September, Diamond Services has announced that a U.S. $2,000 introductory discount will be provided to buyers of the new system during the days of the show. The standard price of the mini Raman Spectrometer will be U.S.
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
