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
Top News
Global Platinum Market in Deficit during Q1 2015
London: The World Platinum Investment Council (WPIC) has announced the publication of its third Platinum Quarterly – the first independent, freely-available, quarterly analysis of the global platinum market. The report incorporates analysis of platinum supply and demand during the first quarter of 2015. Platinum Quarterly is a WPIC publication. It is based upon research and detailed analysis commissioned with, and conducted by, SFA
Indian Industrialists Meet Chinese Counterparts
Surat: It was a proud moment for the city when the local industrialists were a part of the Indian delegation Prime Minister Narendra Modi at Shanghai on Saturday. Govind Dholakiya, chairman of Shree Ramkrishna Export (SRK), Mathur Savani, chairman of Savani Brothers and convenor of the Surat Diamond Bourse project, Manoj Gandhi, chairman of the Gandhi Group of Industries, Yogesh
We May Soon See $1,000-Per-Ounce Platinum
New York: The price of platinum is currently experiencing a bearish trend and could test the $1,000-per-ounce benchmark this year, according to the latest Platinum and Palladium Survey from Thomson Reuters GFMS. At press time the metal was trading at $1,168 per ounce. It has stayed above the $1,000 level since February 2009. “We would not be surprised if platinum
U.S. Reiterates Suspension on Venezuela, CAR
New York: The U.S. Department of State published an update on participating countries and entities in the Kimberley Process Certification Scheme for the purposes of the Clean Diamond Trade Act of 2003. The latest revision follows an update from August 11, 2014 to reflect some changes to country trade bodies and to add Mali and to reiterate the suspension of
Reports about Diamond Discount Baseless: GJEPC
Mumbai: The GJEPC issued a strong rebuttal of media reports that Indian diamond companies were offering discounts of between 5 % to 20% as a fall-out of the closure of the Antwerp Diamond Bank (ADB) saying that the reports were “not only false but also baseless with news being reported without substantial understanding of the functionary guidelines of bank’s trade
Tendulkar Presents Cricket Kits to Kids on Behalf of Jewellers For Hope
Mumbai: Iconic cricketer Sachin Tendulkar today presented complete cricket kits to six children suffering from life threatening medical conditions on behalf of Jewellers for Hope and Make a Wish Foundation, India. The presentation took place at the residence of the cricketing legend on October 9. Colin Shah and Ashish Kothari represented the Jewellers for Hope and Deepak Bhatia, CEO attended
Zimbabwe Diamond Conference from 6th Nov 2014
Harare: The Second Zimbabwe Diamond Conference to take place next month will present the progress made by the country’s diamond industry following its admission as a member of the Kimberley Process Certification Scheme (KPCS) in 2011. The inaugural Zimbabwe Diamond Conference took place at Victoria Falls in November, 2012. The importance to the global diamond industry of the developing Zimbabwe
GJEPC Urges Gujarat Govt. For Trade Facilitation
Surat: A delegation under the leadership of Shri Vipul Shah, Chairman GJEPC met Mr. Saurabh Patel, Hon. Minister of Finance, Government of Gujarat to represent the Diamond trade issue on 8th October, 2014. The delegation consisted of Shri Chandrakant Sanghavi, Regional Chairman, Gujarat, Shri Ajesh Mehta, Co-Convenor, Diamond Panel Committee of GJEPC, Shri Aagam Sanghavi, Chairman, IDI, Shri Sabyasachi Ray,
