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
India is Key Market for Gemfields: Dev Shetty
Mumbai: Gemfields, the world’s leading supplier of responsibly sourced coloured gemstones, conducted a research project in collaboration with Drshti Strategic Research Services Pvt. Ltd, in order to understand attitudes towards colour gemstones in India. The research was conducted with SEC A female participants, aged 18 – 64, across eight key markets. Around 19% of the interview participants own jewellery with
TBZ First Quarter FY 2016 Results
Mumbai: According to the financial results for the quarter ended June 30th 2015 (Q1 FY16) announced on August 5th 2015, Tribhovandas Bhimji Zaveri (TBZ) reported revenue of Rs. 415.9 crores, lower by over 10% against Rs. 463 crores for the quarter ended March 31st 2015 (Q4 2014). The revenue for the quarter also declined on a year-on-year basis (over Q1
Diamond Industry Sentiment Sinks to 2008 Levels
Ramat Gan: Diamond industry sentiment has sunk to where it was in 2008, when the financial crisis froze all buying and selling, according to online trading service RapNet. Polished prices have consistently dropped since the beginning of the year, it said, adding that rough prices have remained steady, squeezing manufacturer margins. “Cutters usually make large-scale rough purchases in July and
Rio Tinto Diamond Production +18% in H1 2015
Perth: Rio Tinto recently announced that diamond production for the first half of 2015 increased 18 percent compared to the same period of 2014 – 8,851,000 carats compared to 7,482,000 carats last year. The company said the increase was due to higher volumes recovered at the Argyle mine in Australia due to the continued ramp up of production from the
Myanmar Sells $3bn in Gems
Naypyidaw: Myanmar’s annual gem emporium took in more than $3 billion this year, the most ever for the country’s annual sale of gems and jade, organizers said Tuesday. Income reached $3.4 billion and saw the successful auction of 6,007 of 7,454 jade lots, 126 out of 436 gem lots and 224 of the total 342 pearl lots, they said. “This
Forevermark Hosted Forum 2014
Jaipur: Forevermark, the diamond brand from De Beers group hosted the 3rd Annual Forevermark Forum in The Pink City to celebrate the brand for the year 2014. The three day interactive forum held from 02nd till 04th June 2014 in the city of Jaipur for its key associates & stakeholders was a massive success and was attended by India’s leading
JCK Show to Remain a Four-Day Format
Las Vegas: JCK Las Vegas will continue as a four-day show, according to an announcement sent out to exhibitors. “While some customers had expressed a desire for JCK to extend to five days, the research simply did not indicate enough interest to justify a fifth day and the costs associated with an extra day,” said a note sent out to
De Beers Sending AMS Machines to Sightholders
Gaborone: Jonathan Kendall, President of De Beers’ International Institute of Diamond Grading & Research (IIDGR), said the Automated Melee Screening (AMS) instrument is being dispatched to Sightholders across the globe. The first installation and training sessions successfully took place at the end of June with Tasaki and Rosy Blue in Japan. “The focus has now shifted to installing the AMS
