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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IDEX Online Signs MOU with WDM
Mumbai: IDEX Online has signed an MOU with the World Diamond Mark (WDM) Foundation to promote the WDM marketing campaigns and IDEX products. After signing at the MOU at the India International Jewellery Show (IIJS) in Mumbai, IDEX chairman Ehud Cohen said he was confident of the benefits of the co-operation for both sides. “IDEX is pleased to support an
Gold Demand Falls 12% in Q2 2015: WGC
Chennai: The World Gold Council’s (WGC) Gold Demand Trends report for Q2 2015 shows total demand was 915 tonnes (t), a fall of 12% compared to the same period last year, due mainly to a decline in demand from consumers in India and China. However, demand in Europe and the US grew, driven by a mixture of increasingly confident jewellery
Drones to Prevent ‘Conflict Diamond’ Operations
Conakry: One of the more interesting uses of drones is a partnership between the United States Agency for International Development (USAID) and US Geological Survey (USGS). Since June 2014, they have helped support the Kimberley Process (KP) by using camera-equipped drones to survey the mines, create 3D models of the operations, and keep track of small scale diamond mining sites
Big Layoffs in Botswana Cutting Industry
Gaborone: The massive retrenchments in the domestic diamond cutting and polishing industry continues unabated as companies reel from the effects of high rough prices and lack of liquidity, reports BusinessWeek. Local cutting and polishing company Diacore has retrenched 50 employees taking the total number of affected workers in the industry to around 1,000 in the past year. At its peak,
Kalyan Jewellers Raises $196M from Warburg Pincus
Mumbai: Kalyan Jewellers India Pvt. Ltd, a Kerala-based jewellery retailer, has raised Rs 1,200 crore ($195.6 million) from private equity firm Warburg Pincus, which also marks the second biggest bet on an Indian company ever by the PE firm, reports vccircle.com. In a separate filing with Competition Commission of India (CCI), Warburg Pincus had said it is acquiring 24 per
Gold Festival Organized in Ahmedabad
Ahmedabad: A closing ceremony for “Swarna Utsav” (Gold Festival)– The Grand Shopping Festival was organised on 20th Oct. in Ahmedabad in presence of Mr. Om Prakash Kohli, Honorable Governor of Gujarat, Shri Shantibhai Patel, President, Jewellers Association, Ahmedabad, Mr. Rakesh Shah, President Gujarat Chamber of Commerce & Industry and Shri Somabhai Modi, Social Worker. Mr. Om Prakash Kohli, said that
Will De Beers Develop Diamond Hub in Namibia?
Windhoek: A report that was commissioned by the Namibian government stated that it does not make economic sense for De Beers to set up another diamond hub in Namibia similar to the one recently established in Botswana. Namibia was currently negotiating with the diamond giant to sell a certain percentage of gems mined in the country outside of the group’s
WTOCD Grants License for Its Polishing Machine
Antwerp: After several positive polishing tests made on industrial super hard materials (PCD, CVD, MCD, pcBN) Coborn Engineering Ltd decided to acquire a license for WTOCDs’ patented grain independent polishing technology. That license will extend existing technological cooperation between WTOCD and Coborn with the machining of diamonds materials for industrial applications. The exclusive license will be granted as of January
