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
2,000-year-old pearl found in Western Australia
Perth: Archaeological excavations undertaken by the University of Wollongong (UOW) and the University of New England (UNE) on the north Kimberley coast of Western Australia have led to the discovery of a 2,000-year-old natural marine pearl, UOW said in a media release. The Brremangurey Rockshelter in the Admiralty Gulf contains over 12,000 years of Indigenous history, including shell middens and
12th Edition of Jovella Opens on June 30
Tel Aviv: The 12th edition of JOVELLA, Israel’s international jewelry and diamond exhibition, will be held on June 30 – July 1, 2015 at Tel Aviv’s Trade Fairs and Convention Center. JOVELLA, the leading event of the jewelry industry in Israel, offers both domestic and foreign buyers an opportunity to explore Israel’s diamond and jewelry industries, to meet some of
AWDC-Diamond Administration of China Sign MoU
Antwerp: The Antwerp World Diamond Centre (AWDC) and the Diamond Administration of China (DAC) have signed a memorandum of understanding that aims to reinforce cooperation between the two diamond centers. The MOU was signed during the Antwerp-Shanghai Investment Forum taking place in Antwerp June 3-4, which welcomes an economic and political delegation led by Shanghai Party Secretary and former mayor
Gem-A Postpones Upcoming AGM
London: The Council of Gemmological Association of Great Britain (Gem-A) has announced that it will be postponing the Association’s upcoming AGM, due to take place on 24 June 2015, citing the need to resolve internal matters. Following a press statement confirming the dates of their upcoming AGM, the Council of the Association has taken the decision to postpone the AGM
Retailers Liable for Undisclosed Synthetics They Sell
New York: If a retailer sells a lab-grown diamond without disclosing its origin, it bears legal responsibility for that, even if that fact was not disclosed to the retailer, Jewelers Vigilance Committee president and CEO Cecilia Gardner said at a JA New York panel on synthetic diamonds on July 28, sponsored by the Natural Color Diamond Association (NCDIA). “A retailer
GJEPC to Design Sustained Marketing Campaign
Mumbai: Mr. Vipul Shah, Chairman of India’s Gem & Jewellery Export Promotion Council (GJEPC) said in an exclusive interview given to Mr. Suresh Chotai, editor of gems2jewellery.com that the Council has designed a sustained marketing campaign that would directly address the need faced by India and other emerging consumer markets. The promotion is aimed at boosting confidence in diamonds and
Scotiabank Named in Silver Price-Fixing Lawsuit
New York: A U.S. investor has accused the Bank of Nova Scotia, Deutsche Bank and HSBC of engaging in an ongoing conspiracy to fix the price of silver, reports thestar.com. Investor J. Scott Nicholson alleges that thousands of small investors around the world have been put at a disadvantage by the secretive way in which prices for the physical metal,
Anglo May Sell Nine Mines
Gaborone: Anglo American, whose chief executive Mark Cutifani is reviewing assets to divest non-performing businesses, may announce at least nine more mines for sale, according to Standard Bank. Anglo, which reports first-half earnings today, has said it was seeking to improve its return on capital to at least 15 percent by 2016 from about 8 percent in June 2013. Cutifani
