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
Argyle Pink Diamonds Tender World Preview
Sydney: Rio Tinto’s spectacular Argyle Pink Diamonds Tender has been launched during a world exclusive preview at the Sydney Opera House, with this year’s iconic collection including some of the most vivid pink and red diamonds ever unearthed from the Argyle mine. The 2015 Tender, known as the “Connoisseur’s Collection”, comprises 65 diamonds weighing a total of 44.14 carats, including
Impasse Regarding KP Vice Chair Remains
Luanda: The impasse regarding the second most important post of the Kimberley Process, whose vice presidency is being disputed by Australia and Dubai still remains without a sign of consensus. Last Tuesday, the interventions relating to this matter, in the meeting taking place in Luanda, revealed that the participants – members of the Kimberley Process – are doing all they
De Beers Yields to Namibia’s Demands
Gaborone; Diamond giant, De Beers, which is 85 percent controlled by Anglo American, has reportedly “agreed in principle” with the Namibian government to introduce changes in a proposed new diamond sales and marketing contract. The Namibian newspaper reports that Windhoek had demanded that 25-30 percent of the diamonds produced by Namdeb, a joint venture between the Namibian government and DeBeers,
New Dispute Breaks Out Over Zimbabwe Gems
Luanda: The Kimberly Process Certification Scheme intercessional plenary meeting opened in Luanda, Angola, on Tuesday with Zimbabwe and some Western nations and human rights groups renewing their hostilities. Resource Exploitation Watch chairman, Tafadzwa Musarara, and some government insiders are accusing the West of trying to block trade in Zimbabwean gems alleging that they might be laundered through the sale of
Antwerp Hosts WDC and KP Chair
Antwerp: The Antwerp World Diamond Centre (AWDC) welcomed the Kimberley Process (KP) Chair, His Excellency Wei Chuanzhong, Vice-Chair Bernardo Campos and the Mr. Edward Asscher, President of the World Diamond Council (WDC) for the purpose of renewing the Memorandum of Understanding (MoU) on the KP Administrative Support Mechanism (ASM). In 2012, the KP Plenary designated the World Diamond Council through
Barclays Fined $44 Million over Gold Fix
London: British authorities have fined Barclays, one of five banks that sets the price of gold each day in the London fix, nearly $44 million after a former trader improperly influenced the price-setting mechanism, reports jckonline.com. The British Financial Conduct Authority said that, in 2012, Daniel James Plunkett, a director on the bank’s precious metals desk, placed certain orders meant
GJF Announces Day-Long Interactive Workshop ‘Labham’
Mumbai: The All India Gems and Jewellery Trade Federation (GJF) and all major G&J Trade Associations, has announced the first-ever educational ‘Labham’ programme on 1st June 2014 in Rajkot onwards for all jewellers, manufacturers, traders and other constituents of the G&J businesses in and around Rajkot. It will be held in Chennai on 10th June and in New Delhi on
Gold Prices May Decline to Rs 24,000 by Diwali
Mumbai: Following the Reserve Bank easing the 20:80 gold import norms, India Bullion & Jewellers Association (IBJA) said gold prices are likely to fall to Rs 23,000-24,000 per 10 grams by Diwali as it also expects the Customs duty reduction in the forthcoming Budget, reports The Freepress Journal. “RBI’s easing of 20:80 gold import norms is positive for the gems
