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
Zim Trust Agreements May Not Be Enforceable
Harare: Agreements which are claimed to have been made with diamond miners for support for Zimbabwe’s Community Share Ownership Schemes or Trusts, which come under the purview of the country’s Ministry of Youth, Indigenization and Economic Empowerment, may not be enforceable. According to NewZimbabwe.com, at a sector parliamentary committee which took place last week, acting secretary for Youth and Indigenization
Global Gold Jewellery Sales Down 7% in Q1 2015
New York: Global gold jewellery consumption declined 6.7% year-on-year to 527 tonnes in Q1 2015, its lowest first quarter level since 2012, according to the GFMS Metals Research and Forecasts team at Thomson Reuters. The agency recently released its first Quarterly Update and Outlook 2015 of its annual Gold Survey and attributed the fall in demand to purshases being deferred
De Beers Lowers Prices
Gaborone: De Beers cut prices some 2–3 percent at its latest allocation in Botswana, sources say, as attendees noted a more conciliatory tone from the company CEO. The slashed prices and smaller allocation—estimated at around $450 million—were stark signs of the manufacturing community’s ongoing troubles; executives previously hinted the company would hold the line on prices since it expected the
PGI USA Appoints Deedy to Oversee Marketing
New York: Platinum Guild International USA (PGI USA) appointed Meg Deedy as its director of marketing to oversee digital media, social media and public relations strategies and programs. Deedy most recently led the social media practice for TD Ameritrade at Havas Worldwide and has more than 10 years of experience in the U.S. and abroad with leading agencies TracyLocke, MRM/McCann
Silver Price to be Set by New System
London: The London silver price mechanism will now be set via an electronic, auction-based mechanism administrated by CME Group and Thomson Reuters, according to a statement from the London Bullion Market Association. The new mechanism was chosen because it is electronic, “auction-based and auditable and tradable with an increased number of direct participants,” the LBMA said in a statement. CME
De Beers Boosts Q2 Diamond Output
Gaborone: De Beers increased its output 7 percent year on year to 8.515 million carats in the second quarter of the year. The group was targeting an output of between 30 million and 32 million carats this year. Anglo American, which owns 85 percent of the diamond group, said in a statement that the increase was mainly due to higher
GJEPC Launches 'Jewellers for Hope' Campaign
Mumbai: For the first time, the Gems and Jewellery Export Promotion Council (GJEPC) has initiated its first edition of ‘Jewellers for Hope’ campaign, a CSR activity with an objective to build a CSR fund that will be used to support various social causes. A charity dinner has been hosted by the GJEPC in Mumbai’s Grand Hyatt on Friday for the
Sonam Kapoor Walks on Ramp to End IIJW
Mumbai: The 5th edition of 4-day India International Jewellery Week (IIJW) ended with a grand finale wherein Best of the Best Collections were displayed by gorgeous models. The ramp was set on fire when Brand Ambassador of Gem & Jewellery Export Promotion Council (GJEPC) and cute Bollywood actress Sonam Kapoor walked at the grand finale of the IIJW 2014 held
