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
India Has No Plans to Amend FTA with ASEAN
New Delhi: India is not likely to amend its free trade agreement (FTA) with the 10-member Association of South East Asian Nations (ASEAN) to curb the sharp increase of gold jewellery imports from the region. The Indian Commerce Ministry, which has been alerted by the country’s Revenue Department about the sudden spurt in gold jewellery imports at preferential duties through
Tanzanite Mines May Become Tourist Destinations
Dar-Es-Salaam: The Tanzanian government is considering turning the country’s tanzanite mines into “thrilling” tourist destinations, according to media reports. Energy and minerals minister George Simbachawene was quoted by Chinese news agency Xinhua as saying that the move was part of the East African nation’s efforts to diversify its tourist products. He said tanzanite mines were “popular” as Tanzania was the
De Beers Maintains Outlook for Season
Gaborone: De Beers has maintained a flat forecast for diamond jewelry sales in 2015 despite this week’s slump in financial markets, according to Mr. Paul Rowley, head of global sightholder sales, reports Rapaport News. “One can’t ignore what’s happened on the financial markets in the past few days and weeks but we also see our product doing quite well in
Celebrate Your Rakhi with Precious Platinum
Mumbai: Rakhi, is a symbol of everlasting love, emotions and eternal bonding between a brother and sister. And what better than precious platinum to celebrate this bond. Symbolizing eternal love, platinum is a befitting gift your sister or your bother. With designs that are modern and elegant, platinum exuberates style and is fit to be worn every day. An everlasting
IMF Urges Zimbabwe to Boost Transparency
Harare: The International Monetary Fund (IMF) stated that Zimbabwe remains committed to implementing the policies and reforms that were agreed to with an IMF-monitored program and to stay engaged with international financial institutions. The program marked its first anniversary this month and while the IMF suggested a number of guidelines to stabilize Zimbabwe’s economy, the organization also concluded that the
Russia's Rough Exports Increased by 21.5% in 1Q
Moscow: Russia’s natural rough diamond exports increased 21.5 percent on the year to 12.01 million carats in the period from January to March, the Finance Ministry said on Monday. Diamond imports dropped 2.6 times in carat terms to 8,040 carats. In monetary terms, Russia’s diamond exports rose 20.6 percent to $1.41 billion while imports halved to $16.5 million, PRIME reports.
Raise Import Payment Credit to 180 Days: GJEPC
New Delhi: With expectations running high from the first budget of the Narendra Modi government at the Centre, a delegation of diamond traders and representatives of Gems and Jewellery Export Promotion Council (GJEPC) today met the Union Finance Minister, Arun Jaitley in New Delhi demanding relaxation in various rules relating to gems and jewellery industry. However, gold importers may feel
Suresh Shah New VP of IDMA
Antwerp: With the wrap-up of the 36th World Diamond Congress, the International Diamond Manufacturers’ Association (IDMA) concluded its meetings with the election of its officers. Maxim Shkadov was unanimously re-elected for a second term as IDMA President and Ronnie VanderLinden and Stephane Fischler were re-elected as Secretary General and Treasurer, respectively. IDMA Vice President Edward Asscher, who was recently elected
