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
De Beers Granted New Licences in Botswana, SA
Gaborone: De Beers, which is 85 percent-owned by Anglo American, said it was this year granted four new licences in Botswana, Group head of media relations Lynette Gould told Rough & Polished in an interview. “We have been granted four new licences in Botswana; three in the Tsabong area, and one in the Orapa area,” she said. Gould said the
Botswana Faces Deficit as Diamond Sales Fall
Gaborone: Botswana, which relies heavily on diamond revenue, will likely experience a budget deficit due to weak rough diamond sales recorded in the first half of the year, a government official has said. Finance minister Kenneth Matambo announced a P1.23 billion ($120 million) budget surplus projection for the year. However, Mmegi reports that this would likely be hampered by the
Only 500 Diamond Cutters Left in Antwerp
Antwerp: The number of diamond cutters working in Antwerp, which is called the capital of the world diamond trade, was reduced to 500 people, said the Swiss newspaper Le Temps. In the 70s of the last century about 30,000 specialists worked in diamond polishing plants in the city on the Scheldt. Cutters working today in Antwerp are highly qualified specialists
India’s Gold imports jump 62.2% in July
New Delhi: After declining in June, India’s gold imports jumped 62.2% to $2.96 billion in July, 2015, a development which may have adverse bearing on India’s Current Account Deficit (CAD). Imports of the precious metal stood at $1.82 billion in July, 2014. In June this year, the imports dipped 37 per cent to $1.96 billion. The growth in gold imports
KP Should Focus on Conflict-Torn Regions only
Shanghai: The newly elected president of the World Diamond Council (WDC) Edward Asscher, put a chill Tuesday on the movement to expand the scope of the Kimberley Process and so cover general human rights abuses, stating the trade body should focus exclusively on diamonds proceeding from conflict zones. Speaking at the Intercessional Meeting of the Kimberley Process in Shanghai, Asscher
DDE’s Peter Meeus Hits Back at PAC Claims
Dubai: Dubai Diamond Exchange Chairman Peter Meeus replied to what he called “serious allegations” made by Partnership Africa Canada about Dubai at the Kimberley Process (KP) Intersessional meeting taking place in Shanghai. “First of all we were surprised to see that Mr. Martin quoted an FAFT (Financial Action Task Force) report on ML/TF (Money Laundering/Terrorism Financing) of 150 pages in
Israel Exchange to Create Code of Ethics
Ramat Gan: In what appears to be a ground-breaking move for a diamond bourse, the Israel Diamond Exchange (IDE) has begun moves to create a code of ethics by which its members would be expected to operate. At a meeting at the bourse, IDE President Shmuel Schnitzer and management members discussed the creation of such a code with Israeli experts
China’s Jewellery Sales Accounted for 41%
Beijing: Mainland China is a major jewellery consumer in the world. According to the recently released China Jewellery Industry Report, 2013-2016, last year jewellery sales in Chinese Mainland approximated $75.8 billion, which is equivalent to 41.2 % of the global consumption. In Mainland China, the gold jewelry consumption accounts for about 50% of the total jewellery consumption. In 2013, two
