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
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
Before You Buy Gold, Follow the Golden Rule
Mumbai: The Indian Association for Gold Excellence and Standards (IAGES), a Self-Regulatory Organization established by and for the Indian gold industry, has unveiled an exciting new campaign #PehlaCheckIAGES to elevate gold industry standards across the country. The IAGES framework of accreditation was formed with a vision to set the highest standards of integrity and excellence across the entire gold value
De Beers & GJEPC Leaders Discuss Market Challenges
Mumbai: Mr. Paul Rowley, Executive Vice President, Diamond Trading, De Beers Group, met the GJEPC leadership at the Bharat Diamond Bourse in Mumbai on 28 November. Rowley was joined by Sean Lin, VP Sales, De Beers Group, and Sunil Dias, Diamond Consultant, De Beers. The De Beers officials were received by GJEPC’s leadership including Kirit Bhansali, Chairman; Shaunak Parikh, Vice
Flanders Allows Foreign Diamond Workers in Antwerp
Antwerp: The Council of Ministers of the Flemish Government decided on the proposal of Minister of Work Zuhal Demir, that foreign workers may be employed for the shortage occupations of diamond polishers and diamond sorters. The decision is an important boost for the Antwerp diamond sector, which faces a structural shortage of these specialised profiles. They are scarcely available on
18 Antwerp Diamond Co. Finance for Medicines in Botswana
Antwerp: Botswana’s Minister of Minerals and Energy, Joy Bogolo Kenewendo, is visiting the Antwerp diamond sector this week to thank 18 diamond companies that jointly financed life-saving medicines and medical supplies. The Antwerp diamond community mobilised after Botswana declared a medical state of emergency this summer due to a severe shortage of essential medicines. Thanks to the funds raised, more
