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
Antwerp Reveals Very Little About Carat Tax
Antwerp: During the course of the past couple of months many theories have emerged about Belgium’s pending “Carat Tax.” This new fiscal law, which if approved by the European Commission, would tax diamond firms’ turnover at 0.55 percent rather than taxing profit, as is the case now, and, so surmises local diamond leaders, create a more level financial playing field
Debswana Not Worried About Synthetic Diamonds
Gaborone: Debswana, which is a joint venture between the diamond giant De Beers and the Government of Botswana, said it is not worried about the growth of lab-developed diamonds, also referred to as synthetics. Company managing director Balisi Bonyongo told a resource conference in Gaborone that although it was normal for any business to get worried about emetrging substitution of
New Kimberlites Expected by Year-End
Gaborone: Botswana Diamonds, which had been using Alrosa technology to discover new kimberlites in the southern African country’s region of Orapa, said a new diamondiferous kimberlite will likely be discovered by year-end. “They (Alrosa) believe explicitly that they can find a diamondiferous kimberlite and their analysis indicates that they will find a diamondiferous kimberlite by Christmas,” company chairperson John Teeling
World Bank Sanctions US$ 45 Mn for Tanzania
Dar-Es-Salaam: The World Bank Group’s Board of Executive Directors recently approved of a credit of US $ 45 million “to improve the socioeconomic impacts of large and small-scale mining for the country and people”, said the Bank in a press note. The Bank also expressed its intention to “help increase private, local, and foreign investments” in the country. “This project
Platinum Innovation Awards at JCK 2014
Mumbai: Platinum Guild International (PGI) has once again served a spark of inspiration and excitement with their 5th annual JCK 2014 Platinum Innovation Awards. The winners were chosen for 8 unique design categories. An “Editor’s Choice” and “Buyer’s Choice” were selected in each design category, as well as “Best in Show” Award which was selected as a culmination of all
Final of India Jewellery Skill Competition Held
Mumbai: Mr. Surojitrana H. from Coimbatore and Mr. Vinod Kumar C. from Bangalore were selected today in a final round of the India Jewellery Skill Competition held at the India International Jewellery Show (IIJS). The Competition is being held by the Gem & Jewellery Skill Council of India (GJSCI) to decide the country’s representative at the prestigious WorldSkills International Competition
GJEPC Donates Rs One Crore to Make A Wish India
Mumbai: Gem and Jewellery Export Promotion Council (GJEPC) organized “Jewellers for Hope” charity dinner in association with GSI, yesterday in Mumbai. Leading bollywood celebrities Kajol, Boman Irani, Siddharth Roy Kapur graced the evening hosted by Raageshwari Sachdeva-Badola in the presence of the whose-who of the gems & jewellery trade. The “Jewellers for Hope” annual charity dinner is the first edition
India Reduces Tariff Value on Gold
New Delhi: The India government recently reduced the import tariff value on gold to USD 425 per 10 grams due to falling international prices. On the other hand, the tariff value on silver was raised to USD 690 per kg. As on June 30, the tariff value on imported gold stood at USD 428 per 10 grams and silver at
