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
Rashmika Mandanna Appointed India Brand Ambassador of Swarovski
Mumbai: Swarovski proudly announces actor Rashmika Mandanna as its new Brand Ambassador for India, marking a milestone for the Austrian luxury house as it strengthens its presence in one of its fastest-growing markets. India, a vibrant market with a deep affinity for jewelry and self-expression, continues to play a pivotal role in Swarovski’s global growth story. With her pan-India appeal,
De Beers Report Highlights Progress in Key Areas
London: De Beers Group today published its 2024 sustainability report, highlighting significant progress across its key focus areas of climate, livelihoods, nature and provenance. These areas were identified as the priorities for De Beers Group’s sustainability work as part of a mid-term review of the Group’s Building Forever sustainability framework initiated last year. During the course of 2024, De Beers
A Moment of Reckoning for India’s G&J Industry
Mumbai (Gems2jewellery.com Exclusive): India’s Gem and Jewellery (G&J) sector has long dazzled global markets, not just with its sparkle but with the millions of livelihoods it sustains. From the diamond polishing units of Surat to the gold jewellery workshops of Mumbai and Jaipur, this industry has been the backbone of India’s export story. But today, that glitter is under threat.
Gaston to Acquire 100% Ownership of Lucapa Diamond
Dubai: Gaston International DMCC (“Gaston”), part of Jemora Group, has announced that it has entered into a binding term sheet (the “Binding Term Sheet“) with Richard Tucker and Paul Pracilio (“Administrators”) of Lucapa Diamond Company Limited (“Lucapa”), an ASX-listed company, for a Deed of Company Arrangement (“DOCA”) contemplating the acquisition of all issued shares of Lucapa by Gaston (the “Transaction“).
DDE to Host Second Diamond Conference
Dubai: The Dubai Diamond Exchange (DDE) has announced that it will host the second Dubai Diamond Conference. The agenda will include panel discussions on business development in Africa, ethics, finance and synthetic diamonds. The two-day event will include speakers from Africa, the Middle East and Asia, including several ministers of Mines and Mineral Resources from leading African diamond producing countries.
Indian Jewellery Firms Struggle to Get Credit
Mumbai: Jewellery firms are finding it increasingly hard to get credit to import raw material and ship out their wares as banks tighten the screws, worried about defaults and sharp practices in the sector, reports Business Today. The problem has become so acute that jewellery industry executives are sitting down for talks next Tuesday with finance ministry officials, said Bachhraj
Lust for Gold Eating up World’s Last Rainforests
New York: Global demand for gold is putting some of the most remote and pristine tropical forests at risk, especially in South America, a study published in Environmental Research Letters shows. Most of the deforestation for mining occurred after 2007, when gold demand increased following the financial crisis as investors sought a safe haven for their money. Around 1,680 sq.
India’s Gold Imports to Fall in January ’15
Mumbai: Huge quantities of gold were imported by nominated agencies during November’14 in anticipation that the Indian government will introduce some stricter import curbs. But the opposite happened as the government withdrew the 80:20 rule, which tied imports to exports, that made gold easily available in the Indian market. Gold imports surged in value terms in November to $5.61 billion,
