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
Istanbul Chamber of Jewelry and WJH sign MOU
Istanbul: The Istanbul Chamber of Jewelry (IKO), a leading jewelry trade organization in Turkey, and the World Jewelry Hub, the first dedicated business center in Latin America for the diamond, colored gemstone and jewelry sectors, have concluded a Memorandum of Understanding, according to which the two sides will cooperate in the growth and development of the jewelry industries and markets
Platinum Evara Launched at Jos Alukkas, Hyderabad
Hyderabad: The newlywed beautiful Bollywood actress Dia Mirza comes back to her hometown, Hyderabad with her husband, Sahil Sangha to receive blessings of everlasting love from her mother Deepa Mirza. The couple celebrated their vows of love and the mother Deepa Mirza showered blessings on them with Platinum Evara jewellery at the Jos Alukkas store in Hyderabad. The couple also
Israel's Leaders Call for Reduced Rough Supply
Tel Aviv: Major rough diamond producers should reduce rough sales to help bring stability to the diamond pipeline, according to industry leaders in Israel, cited by Rapaport News portal. Shmuel Schnitzer, the president of the Israel Diamond Exchange (IDE), and Jacob Korn, the president of the Israel Diamond Manufacturers Association (IsDMA) expressed their support for restoring profitability to the diamond
Alrosa’s Diamond Prices Down 6% So Far This Year
Moscow: Russia’s Alrosa, the world’s top diamond producer by output in carats, said Tuesday prices for the precious rocks its mines have fallen by 6% since the start of 2015, but expects market conditions to improve by the end of the year. According to Reuters, the company saw its rough diamond prices decrease by 3% in February and a further
Okavango Diamond Co. Appoints Yoram Dvash as Chairperson
Gaborone: Botswana’s state-owned rough diamond marketing firm, Okavango Diamond Company (ODC), has appointed former World Federation of Diamond Bourses (WFDB) president Yoram Dvash as chairperson of its board of directors. Dvash succeeds Gape Kaboyakgosi, who stepped down in November after leading the board for five years. Dvash brings deep industry leadership to the role, having headed the WFDB from 2020
Qatar Diamond Exchange Signs Strategic MoUs
The Qatar Diamond Exchange (QDE) has signed Memoranda of Understanding (MoUs) with the Diamond Exchange of Singapore, the Shanghai Diamond Exchange and the Tokyo Diamond Exchange during the 41st World Diamond Congress in Singapore. The agreements reflect QDE’s strategic focus on developing closer relationships with established diamond markets across Asia and creating new opportunities for trade and cooperation between Qatar
IDMA Mourns Passing of Vasant Mehta
Antwerp: The board and members of the International Diamond Manufacturers Association (IDMA) deeply mourn the passing of one of the global diamond industry’s and trade’s leaders and mentors, Mr. Vasant Mehta, who passed away earlier this week at the age of 81. Vasant served as IDMA’s Vice President from 1998-2000 and then from 2002-2008, on behalf of the Gem &
Shaping the Roadmap for India’s $100 Bln. G&J Future
Mumbai: Department of Commerce, in association with the Gem & Jewellery Export Promotion Council (GJEPC), yesterday convened the ‘Chintan Shivir – 2040 Roadmap for Gems & Jewellery’, a high-level dialogue aimed at developing a comprehensive strategy to help India achieve its ambition of USD 100 billion in gems and jewellery (G&J) exports by 2040. The roadmap envisages an increase in
