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
GJEPC to Organize India Pavilion at Vicenzaoro Fall
Mumbai: The Gem & Jewellery Export Promotion Council (GJEPC) will be hosting 15 Indian diamond, coloured gemstone and jewellery manufacturers at the India Pavilion at Vicenzaoro Fall 2015 which is being held in Vicenza, Italy from Sept 5-9, 2015. The Pavilion is spread over Hall 3 and Hall 3.1. GJEPC will also be hosting a lounge-cum-booth at the event which
Alrosa May Cut Diamond Prices Again
Moscow: Russian diamond miner Alrosa said clients cancelled half of the orders placed at trading session in July and it was considering a second price cut of the year because of slack demand. The state monopoly’s Chief Financial Officer Igor Kulichik said on Tuesday Alrosa was stockpiling an increased quantity of the gems rather than curb production. “Cutting production leads
Summer Edition of IDW Kicks Off
Ramat Gan: The Summer Edition of the International Diamond Week in Israel (IDWI) kicked off on Sunday, August 30, with some 400 buyers attending. During the five-day event, the buyers and hundreds members of the Israel Diamond Exchange (IDE) will be frequenting the trading tables of some 300 Israeli, Belgian, American and Indian companies that are displaying polished diamonds in
GIA to Open Diamond Synthesis Center
Ramat Gan: Speaking at the International Diamond Week in Ramat Gan, Tom Moses, GIA executive vice president, announced that the lab is planning to open a diamond synthesis facility in New Jersey. The facility, which the lab hopes will be operational by January, is planned as a research laboratory where GIA gemologists will be able to investigate different treatments that
Rio Tinto showcases “Oculus Rift” technology
Las Vegas: Rio Tinto Diamonds is bringing the mine to the marketplace by using innovative Oculus Rift technology to provide an interactive virtual journey into its Diavik Diamond Mine in the remote Northwest Territories of Canada. The Oculus Rift will debut at the Rio Tinto booth at the world’s largest diamond jewellery trade show, the JCK Luxury Show, in Las
WDC & KP Sign an MOU
Antwerp: Edward Asscher, President of the World Diamond Council, and Vice Minister Wei Chuanzhong, Chair of the Kimberley Process, signed a Memorandum of Understanding in Antwerp on Friday, May 23, formalizing the agreement for 2014 between the two organizations, according to which WDC finances and operates the Administrative Support Mechanism (ASM) on behalf of the Kimberley Process. The ASM provides
ALROSA Expects 5-Percent Growth in Rough Prices
Moscow: ALROSA expects that global rough prices will go up by 5% in 2014 over the last year, according to the ITAR-TASS report from St. Petersburg. This was disclosed to journalists on the sidelines of the St. Petersburg International Economic Forum by Fyodor Andreev, President of ALROSA. “We reckoned on a growth rate of 5%. I think it is achievable,”
Zimbabwe Orders Miners to Sell Gems through RBZ
Harare: The cash-strapped ruling ZANU PF government has issued an order to all diamond miners in the country to sell their gems through the Reserve Bank of Zimbabwe (RBZ). The permanent secretary in the Ministry of Mines, Francis Gudyanga, reportedly wrote a letter to the companies explaining that the central bank will use the diamonds to secure a government loan.
