We Wish to Build Globally Relevant SKY Gold: Akash Talesara
Israel’s Diamond Industry Under Severe Pressure
Did Natural Diamond Ind. Misjudge LGD Threat?
Why Did Gold & Silver Break Down Just as Fed Hike Bets Faded
Macro Snapshot: The rate backdrop eased during the week ending 23 October, which makes the metals’ slide harder to explain. CME FedWatch odds of a hike at the 27 to 28 October FOMC meeting had settled near one in three on 14 October, after the 3.7% September CPI print, and stood at 9.4% by 23 October. December hike odds slipped from about 90% to close to 80%. The 10-year Treasury yield closed at 5.00% against 5.09% a week earlier, and
Why Did Gold & Silver Break Down Just as Fed Hike Bets Faded
Macro Snapshot: The rate backdrop eased during the week ending 23 October, which makes the metals’ slide harder to explain. CME FedWatch odds of a hike at the 27 to 28 October FOMC meeting had settled near one in three on 14 October, after the 3.7% September CPI print, and stood at 9.4% by 23 October. December hike odds slipped from about 90% to close to 80%. The 10-year Treasury yield closed at 5.00% against 5.09% a week earlier, and
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Japan's Diamond Exports Surge to Record Levels
Tokyo: Japan’s diamond and gold exports have recently enjoyed a surge on the back of a weaker yen, which has pushed up prices, with exports through April rising to record levels, according to a report in the Nikkei Asian Review. Japan exported 350 million yen ($2.79 million) worth of diamonds in April, a 60-percent increase from a year ago. Exports
Diamond Processing in Gujarat to Get Hi-Tech
Surat: The small and medium diamond manufacturers in Gujarat will now be able to increase their output using modern technology, reports The Times of India. The Union ministry of commerce and industries has given an in-principle approval for setting up a Common Facility Centre (CFC) in Ahmedabad, Amreli, Visnagar and Palanpur. The centre will be equipped with modern equipments for
Manish Jain is New Chairman of GJF
Mumbai: The All India Gems and Jewellery Trade Federation (GJF) announced names of members of its Committee of Administration (COA) for the term 2015 – 2017. The COA for the term comprises a 24 Member team who are industry stalwarts, having been a part of the gem and jewellery industry for several decades. Speaking on the formation of the new
Weak Ruble Boosts ALROSA Revenue, Profit in 1Q
Moscow: ALROSA reported that revenue and profit jumped in the first quarter of 2015, despite prevailing weak market conditions, as the mining company benefited from the sharp depreciation of the Russian ruble against the U.S. dollar. “[First quarter] results were mainly driven by a favorable foreign-exchange market environment,” explained Andrey Zharkov, ALROSA’s CEO. He added that the diamond market was
India Needs More World-Class Gold Refineries
Mumbai: At the two-day seminar organized by the India Bullion and Jewellers Association (IBJA), experts were of the opinion that Indian household, which has total holding of around 25,000 tonnes of gold, needs more gold refineries for monetizing and attracting foreign direct investment (FDI) in the sector. India continues to be a major consumer of gold, importing on average 600
Indian Bullion Trade Asso. to Retail Gold, Silver
Mumbai: India’s bullion trade body, India Bullion and Jewellers Association Ltd. (IBJA), has entered into retailing of gold and silver coins and bars, reports resourceinvestor.com. This is the first time that IBJA has entered into bullion trading. The association will source gold from overseas and local gold suppliers. The coins will range between 1 gram and 1,000 grams and will
Put Gold to Work for Economy: WGC
Mumbai: Gold should be put to work for the Indian economy, creating jobs, developing skills, generating exports and revenues, the World Gold Council (WGC) said on Saturday unveiling its Vision 2020 for the industry, reports The Times of India. “Our vision for gold is that it should be put to work for the economy, creating jobs, developing skills, generating exports
Workshop on Enameling by IIGJ
Mumbai: The Indian Institute of Gems & Jewellery Tardeo, Mumbai, (IIGJ) recently organized a ‘Workshop on Enameling’ by Mr. Kana Lomror which was well attended. The institute now proposes to organize another full day workshop on Enameling on 11th October 2014, a News Release from the Institute says. IIGJ Tardeo participates actively in Career Fairs. The institute motivates artistic and
