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
IGI Adds QR Codes to Grading Reports
New York: The International Gemological Institute (IGI) North America has added QR (quick response) codes to its diamond grading reports. The addition will allow retailers to showcase a “rotating” diamond to consumers, including top and side views – and easily display any diamond laser inscription. The updated system works mobiles or tablets and allows users to “zoom” in on the
P. N. Gadgil Jewellers to Set up 'Try-on-Kiosk'
Pune: Technological Advancements have truly revolutionized the gems and jewellery industry, it has led to cut-throat competition and there is ongoing need for change and adoption of newer methods to stay ahead of competition. Technology forces constant changes and development in the business models. Moreover, with the growing disposable income, the lifestyle, the outlook and buying patterns of consumers have
Alrosa Recovers 78.02-Carat Diamond
Moscow: The ALROSA diamond mining company reported the discovery of a large diamond weighing 78.02 carats at the Mir kimberlite pipe in Yakutia. The size of the diamond is 28.5 x 28.4 x 24.2 mm. This transparent, yellowish-greenish crystal has an octahedral shape, with minor technology-related damage of two tops and small inclusions. According to preliminary estimates of the Diamond
Belgium Approves New “Carat” Tax Proposal
Antwerp: Belgian newspaper Gazet van Antwerpen reports that Belgium’s Federal Council of Ministers has finalized and approved the legislative framework accompanying the budget proposal, including the new tax proposal for the diamond industry. According to Belgium’s Minister of Finance, Van Overtveldt, the new tax system, calculated as 0.55% of turnover, will result in an additional €50 million in tax revenue,
Gold-Silver Price-Setting Methods May Change
London: The decades-old methods for determining the daily benchmark prices for gold and silver seem set to change—the result of unwelcome attention from regulators and class-action lawsuits. Currently, the price of both metals is set at a daily teleconference by a number of prominent multinational banks—four in the case of gold, and three in the case of silver. However, the
CIBJO Gives Sustainability Frame for Pearl Sector
Milan: CIBJO President Gaetano Cavalieri has presented an outline for sustainability in the cultured pearl sector, emphasizing that a comprehensive approach must be taken that addresses economic, environmental and social responsibility. He was speaking at the Sustainable Pearls Forum, which took place in Hong Kong on June 21. The cultured pearl industry provides an opportunity to introduce concepts that often
Gold Curb Relaxations on the Way…
New Delhi: The government of India has indicated that there is a need to ease norms for bullion imports to boost supplies and jewellery exports. “There is a need of rationalisation in (gold import) duty and (gold import) procedure….We have already made it clear that there is a need to look at the current gold import regime,” commerce secretary Rajeev
RBI's Credit Limit Troubles Diamond Units
Surat: At least 350 small and medium diamond companies in the world’s biggest diamond cutting and polishing centre in Surat are facing severe financial problems with Indian banks strictly implementing the 90 days credit limit for overseas payment to rough diamond dealers in Antwerp and Dubai for the past four months, reports The Times of India. The Gem and Jewellery
