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
Rio Tinto Q2 Production Increases to 4.7 Mln Carats
Perth: Rio Tinto announced that production increased to 4.696 million carats in the second quarter, compared to 3.832 million carats in the same quarter of 2014. Rough diamond production in the first half of the year totaled 8.851 million carats, up from 7.482 million carats in 2014. The company said that production at the Argyle mine in Australia was 37-percent
33% of De Beers’ Goods Rejected
Gaborone: De Beers’ customers declined to buy about a third of the diamonds offered for sale this week by the world’s biggest producer, according to two people familiar with the process, reports Bloomberg. The buyers, or sightholders, exercised the right granted by De Beers this month to defer purchasing about 25 percent of the stones on offer and rejected about
Rockwell Q1 Revenue Drops 39%
Vancouver: Rockwell Diamonds Inc.’s first revenue dropped a substantial 39 percent to C$9.2 million ($7.2 million) for the first quarter, ended May 31. Rough diamond sales dropped 14 percent to C$8.3 million ($6.5 million), down from C$9.7 million ($7.6 million) in the first quarter of the fiscal 2015 year. Beneficiation revenue fell 83 percent to just C$900,000 ($705,000). The company
India Rough Imports Expected to Decline 10-15%
Mumbai: A confluence of negative factors in the Indian diamond industry has led to a massive decline in imports of rough diamonds into the country, which is expected to continue to decline, according to The Times of India. The Gem & Jewellery Export Promotion Council (GJEPC) data show a 24 percent decline in value terms, 13 percent in volume terms,
IIGJ Mumbai Opens Modern Campus to Power Industry Growth
Mumbai: The Indian Institute of Gems & Jewellery (IIGJ), Mumbai, took a significant leap forward in its journey of growth with the inauguration of its newly modernized, state-of-the-art campus. The launch marks a new chapter for the institute, reinforcing its role as a centre of excellence in gems and jewellery education, skill development, and innovation. The ceremony was graced by
Progress in Harmonization of Language used on Gemological Reports
Mumbai: The Laboratory Manual Harmonization Committee (LMHC) has reported significant progress towards its goal of achieving the harmonisation of language used on gemmological reports, following its latest meeting, which was hosted by the Swiss Gemmological Institute – SSEF, in Basel, Switzerland, in May. Following the meeting, LMHC members unanimously approved three new information sheets that standardise terminology and testing procedures, and
GJEPC Urges Finance Minister for Urgent Relief
New Delhi: India’s Gem & Jewellery Export Promotion Council (GJEPC) leadership, led by Chairman Mr. Kirit Bhansali, along with Vice Chairman Mr. Shaunak Parikh and Executive Director Mr. Sabyasachi Ray, met the Hon’ble Minister of Finance and Corporate Affairs Smt. Nirmala Sitharaman recently to seek urgent relief measures for the gem and jewellery sector, which has been severely impacted by
BDB Leadership Series Discusses Future of G&J Sector
Mumbai: The second edition of the Bharat Diamond Bourse (BDB) Leadership Series themed ‘Polishing Our Future’ concluded successfully with world renowned speakers attending the preparatory conference for the Gem and Jewellery Industry members. This was the third day of the three-day conference, the first two days dedicated to presentation of research papers by globally acclaimed scientists under the AGDRT (Advances
