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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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
Imparting Knowledge through Digitization
Mumbai: On 1st day of the India International Jewellery Show (IIJS) 2015, the Gem and Jewellery Skill Council of India (GJSCI) had conducted a seminar titled ‘Imparting knowledge through digitization. The topic touched upon the various facets of technology and its correct and efficient usage to empower e-learning in the context of gem and jewellery industry. Mr. Nilay Yajnik, a
Tariff War: U.S. Jewellery Industry at Risk
New York: World Diamond Council (WDC), the U.S. based organization representing the international natural diamond value chain, acknowledges the U.S. Government’s emphasis on fair and reciprocal trade and advocates for policies that support strengthening American manufacturing to deliver tangible benefits to U.S. businesses, workers and consumers. In this spirit, the WDC respectfully urges the U.S. Administration to consider granting a
Surging Gold ETFs Fuel Q1 Demand
Mumbai: The World Gold Council’s (WGC) Q1 2025 Gold Demand Trends report reveals total quarterly gold demand (including OTC ) was 1,206t, a 1% increase year-on-year, in a record high price environment, in which gold surpassed US$3,000/oz. The gold ETF revival fuelled a more-than doubling of total investment demand to 552t, a 170% year-on-year increase and the highest since Q1
Gemfields Announced Results of Latest Auction
Bangkok: Gemfields announced its latest rough ruby auction, which took place April 21-25 in Bangkok, Thailand, brought in $7.2 million. At the sale, 73 percent of the 250,004 carats on offer sold, and the average price per carat was $39.47. The auction was held in Bangkok this month and saw Mozambican rough rubies from Montepuez Ruby Mining (MRM) go
Celebrate Akshay Tritiya with Platinum Jewellery
Mumbai: Celebrated as one of the most auspicious occasions in Hindu culture, Akshay Tritiya marks a day of new beginnings, prosperity, and good fortune. It symbolizes the onset of new endeavours, prosperity and unending blessings. This year, the festival will be celebrated on 30th April 2025. As the celebrations around Akshay Tritiya evolve, the significance of purchasing ‘true white’ continues
