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
Telangana (India) Sitting on Bed of Diamonds
Hyderabad: The perennially drought-hit Mahbubnagar district could well turn out to be another Golconda, once famous as a city where diamonds were sold in heaps at roadside shops. The district, known for its large-scale annual migration of labour, is virtually sitting on diamond mines that could change the fortunes of the nascent Telangana state, experts say, according to a report
Ronnie VanderLinden Re-elected President of DMIA
New York: The membership of the Diamond Manufacturers & Importers Association of America (DMIA) held its second annual General Meeting of the year on August 5th, electing a new Executive Board and Board of Directors. The incumbent President Ronnie VanderLinden was re-elected. He is joined on the Executive Board by Vice Presidents Saul Goldberg, Eli Haas, Fred Knobloch, Sheldon Kwiat
World Diamond Council's AGM in Moscow
Moscow: The World Diamond Council (WDC) will hold its Annual General Meeting (AGM) in Moscow, Russia this year from October 12 to October 14. The AGM will start with one of two sessions of the WDC Board of Directors on the afternoon of Monday, October 12. A number of high profile speakers are expected to address the opening session on
IIJW Ended with Grand Finale
Mumbai: The fabulous India International Jewellery Week 2015 powered by GIA came to a glorious end with the dual Grand Finales, which featured the superb collection by the Thai Gem and Jewellery Traders Association as well as the “Best of the Best Show”. Stylized chandeliers hung from the ceiling of the ballroom at the Hotel Grand Hyatt, and a black
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
