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
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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“).
DMCC Tradeflow Launches ‘Loans for Diamonds’
Dubai: Financing the trade in rough diamonds took a major step forward in Dubai as DMCC Tradeflow, the dedicated online platform for registering possession and ownership of commodities stored in UAE-based facilities, launched “Loans for Diamonds” in partnership with the Commercial Bank of Dubai (CBD) and Rocks International DMCC, the Dubai Multi Commodities Centre (DMCC) announced recently. According to DMCC,
De Beers' Interest for Kimberley Mines
Gaborone: The De Beers Group of Companies yesterday announced its intention to explore the extension of the operating life of mine of its Kimberley Mines Tailings Operation beyond 2018 by placing the mine on the market. The Company has been investigating ways to extend the economic life of its tailings-based mining operation in Kimberley. In the past decade the mine
India’s Polished Exports Down By 11% in April
Mumbai: India’s cut and polished exports for Apl.’15 registered a decrease of 11.03 percent recording $ 1635.71 million as against $ 1838.54 million during Apl.’14, according to the provisional figures announced by the Gem & Jewellery Export Promotion Council (GJEPC) of India. In volume terms, the decline of polished exports was 5.73 percent, recording 2.524 million carats in Apl.’15 as
ICA Congress 2015 Concludes in Sri Lanka
Colombo: The 2015 Congress of the International Colored Gemstone Association concluded yesterday in Sri Lanka with a panel discussion that covered all the key themes discussed in different sessions over the previous two days. In his concluding address, ICA President Benjamin Hackman praised the organizers for creating an exceptional event. The panel discussion agreed that there was a need to
