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

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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

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Antwerp Diamond Industry Second Quarter Figures

Antwerp: The figures from the first half of 2015 show that the Antwerp diamond industry traded fewer rough diamonds from January through June in comparison to last year. The trade figures for polished diamonds paint a more positive picture. Rough diamond trade: The trade figures for rough diamonds are in line with the figures from the first quarter of 2015.

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HRD Discovers Hard-To-Detect Synthetic Rough

Antwerp: Producers are now able to create synthetic rough diamonds in shapes identical to natural rough diamonds, HRD Antwerp reported on Friday. Until now, synthetic rough diamonds could be identified by their shape, either cubo-octahedral if produced using the high-pressure high-temperature (HPHT) technique or a plate structure if produced using chemical vapor deposition (CVD). HRD lab says synthetic rough diamonds

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ABN Amro Sponsors Jewelry Industry Summit

New York: ABN Amro Bank signed on to sponsor the upcoming Jewelry Industry Summit, which is scheduled for March 10 to 13, 2016 in New York City. The event’s first corporate sponsor was the JA New York Show. The Jewelry Industry Summit is designed as an interactive workshop meant to drive discussions on sustainability and responsible sourcing. Event organizers anticipate

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IDW Unites Four Centres on One Floor

Ramat Gan: During the first week of upcoming September, the trading floor of the Israel Diamond Exchange (IDE) will witness a unique phenomenon: members of diamond bourses from the world’s four leading diamond centers – Antwerp, Mumbai, New York and Ramat Gan – will be trading together during the Summer Edition of the International Diamond Week in Israel (IDWI). “Luckily,

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198 Carat Rough Found in Lesotho

Maseru: Africa has unearthed yet another eyebrow-raising mega-rock—this time a 198 ct. white type IIa diamond described as of “exceptional quality.” The stone was found at the Letšeng mine in Lesotho, said owner Gem Diamonds. The diamond “displays no fluorescence and is expected to achieve an exceptional price when sold this year,” the company said. Spokesperson Sherryn Tedder said she

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Four Leaders Join Board of Directors of PDE

Panama: The Panama Diamond has announced that four key leaders of the international diamond and jewelry industries have joined the Board of Directors of the Panama Diamond Exchange. They are Roberto Coin, the world renowned Italian jewelry designer and manufacturer; Maxim Shkadov, President of the International Diamond Manufacturers Association; Shmuel Schnitzer, President of the Israel Diamond Exchange; and Reuven Kaufman,

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India's Gold Jewellery Imports Jump 10% in Q1

Mumbai: India’s gold jewellery imports surged 10 per cent to Rs. 696.44 crore in the first quarter of this fiscal as high premium on the yellow metal following tough import norms forced traders to get finished jewellery from abroad, the Gems and Jewellery Export Promotion Council (GJEPC) has said. However, import of gold bars declined marginally by 3.32 per cent

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More Than 200 Buyers Registered for Diamond Week

Ramat Gan: More than 200 foreign buyers are registered already for participation in the International Diamond Week (IDW) that will be held September 1-4 at the Israel Diamond Exchange (IDE). They will come face-to-face with more than 350 diamond firms which will exhibit their diamond stocks in the IDE’s trading hall. Since the IDW is a joint effort of the

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