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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Charges Dropped Against Rafael Marques
Luanda: The defamation case against Rafael Marques de Morais over his scathing depictions of Angola’s diamond industry has been dropped, reports JCKonline. “I confirm the withdrawal of the charges,” he said via email. Marques was being charged by leading generals in the Angolan military over his book, Blood Diamonds: Corruption and Torture in Angola, which includes tales of corruption sometime-graphic
'Make in India' shines in 'India Pavilion' at JCK
Mumbai: Gem & Jewelry Export Promotion Council (GJEPC), the apex body of gem and jewelry industry in India has strived to establish India as a global diamond and Jewellery trading destination. This endeavor has seen participation of the Indian gem and jewelry industry in some of the largest, glamorous and most prestigious trade events including the soon to be held
Global Rough Diamond Output Increased in 2014
Johannesburg: Market Research said that the global rough diamond production was 131.5 million carats last year, marginally up from 130.5 million carats in 2013. It said in a summary of its report, “Global Diamond Mining to 2020”, that the market for rough diamond production centered around the top eight producing countries – Russia, Botswana, the Democratic Republic of the Congo
RBI Relaxes Norms for Lending against Jewellery
Mumbai: The Reserve Bank of India yesterday relaxed the norms by allowing Loan-To-Value (LTV) ratio to be done at the average of the closing price of 22 carat gold for the preceding 30 days. The Bank has prescribed that the valuation of gold jewellery for arriving at the Loan-To-Value (LTV) shall be done at the average of the closing price
Indian Diamantaires Offer Large Discounts
Mumbai: Severe liquidity problems are forcing some Indian diamond companies to offer large discounts to off-load inventory in order to pay off loans, according to Indian media reports. The liquidity issues have been sharpened further by the winding down of the Antwerp Diamond Bank (ADB), and recent reports that Standard Chartered Bank is cutting back its exposure to the diamond
eBay Launches Live Auctions
New York: Online marketplace eBay has launched its live auctions in a move that it says opens the doors of traditional brick-and-mortar auction houses to online shoppers around the world. Among the first sales planned is an Important Jewelry auction, which will be hosted by Doyle New York. The sale, which will take place on October 21, comprises 439 lots.
IDE to Advance "Natural is Real" During IDW
Ramat Gan: The Israel Diamond Exchange (IDE) will be advancing its “Natural Is real” campaign during the Israel Diamond Week in New York to be held next month at the Diamond Dealers Club of New York (DDC). The campaign, which was launched during last year’s Israel Diamond Week in New York, stresses the Israeli diamond industry and trade’s commitment to
UK-Ireland Jewellery Industry Unite Over Ethics
London: Industry leaders from the major trade associations and buying groups in the UK and Ireland have come together to take a lead on issues of ethics and corporate social responsibility in the jewellery industry by backing the work of the Jewellery Ethics Committee UK (JEC-UK). At a designer-maker evening event organized by JEC-UK at the Goldsmiths’ Centre on Thursday
