We Wish to Build Globally Relevant SKY Gold: Akash Talesara
Israel’s Diamond Industry Under Severe Pressure
Did Natural Diamond Ind. Misjudge LGD Threat?
Why Did Gold & Silver Break Down Just as Fed Hike Bets Faded
Macro Snapshot: The rate backdrop eased during the week ending 23 October, which makes the metals’ slide harder to explain. CME FedWatch odds of a hike at the 27 to 28 October FOMC meeting had settled near one in three on 14 October, after the 3.7% September CPI print, and stood at 9.4% by 23 October. December hike odds slipped from about 90% to close to 80%. The 10-year Treasury yield closed at 5.00% against 5.09% a week earlier, and
Why Did Gold & Silver Break Down Just as Fed Hike Bets Faded
Macro Snapshot: The rate backdrop eased during the week ending 23 October, which makes the metals’ slide harder to explain. CME FedWatch odds of a hike at the 27 to 28 October FOMC meeting had settled near one in three on 14 October, after the 3.7% September CPI print, and stood at 9.4% by 23 October. December hike odds slipped from about 90% to close to 80%. The 10-year Treasury yield closed at 5.00% against 5.09% a week earlier, and
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NY Diamond Dealers Club Elects New Board
New York: New York’s Diamond Dealers Club has elected a new slate of officers and board members, according to a club announcement. Those elected are as follows: Reuven Kaufman, president; Israel Ashkenazy, vice-president; Abraham Einhorn, treasurer; and, Elliot Krischer, secretary. The Control Committee members are: Isaac Lesser, Charlie Oh and Ely Rosenfeld. Elected to the Board of Directors are: Moish
Rajesh Exports Bags Rs. 1,170 Crore Order From UAE
Bengaluru: Rajesh Exports Ltd. on Tuesday said the company has bagged an export order worth Rs 1,170 crore from an UAE-based company for gold and diamond-studded jewellery and medallions, according to media reports. The Bangalore-based firm said that the order is to be completed by October, which will significantly add to its bottomline. “Rajesh Exports Ltd has bagged an export
Gem Diamonds H1 Revenue Drops
London: Gem Diamonds said its revenue dropped to $118 million in the first six months of the year from $148.9 million realised a year earlier. The company said in a statement emailed to Rough & Polished that its attributable profit also dropped to $15.4 million during the same period from $19.7 million in the first half of 2014. Gem Diamonds
GSI Breaks New Ground in Star and Melee Testing
Surat: Gemological Science International (GSI, Surat), the gemological lab, has announced through an official press release that it is the first and the only laboratory in India to begin batch testing for star and melee sized diamonds using the latest state of the art technology. In response to increasing demand for FTIR services, GSI offers resourceful and cost effective testing
Indias Silver Jewellery Exports Double
Mumbai: A shortage of gold as a raw material and the consequent decline in gold jewellery exports appears to have opened up new avenues of growth for silver jewellery in India, reports Mineweb. Indias silver jewellery exports rose 45.33% to $84.1 million in February 2014, and jumped 89% in the 11-month period to $1.35 billion, according to data from the Gem
AGL Celebrates Five Years under New Management
New York, 15th April: American Gemological Laboratories (AGL), a provider of high-quality gemstone analysis and reporting is celebrating its five-year anniversary under the stewardship of Christopher P. Smith. “Five years ago, AGL was re-privatized during one of the most difficult periods the US and world financial markets have experienced in recent decades. AGL, however, had a good reputation and we did
Gold Smuggling Arrests Jump 750% YoY in India
Mumbai, 14th April: While cases of gold smuggling in India have jumped 265% from 40 in 2012-13 to 146 in 2013-14, the number of people arrested has shot up by 750%, from 30 in 2012-13 to 255 in 2013-14, data from the Directorate of Revenue Intelligence shows, according to a report published in Mineweb. “Gold imports through the legal channel have
