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
Diamond Grading & Inscription Facility in Surat
Surat: The De Beers Group of Companies announced on Tuesday the opening of its newest and most technologically advanced Forevermark diamond inscription and grading operation in the world – the International Institute of Diamond Grading and Inscription facility in Surat, India. The facility is a $10 million investment by De Beers and has been equipped with leading proprietary diamond technology.
Assocham Opposes Budgetary Proposals on Gold
Mumbai: With the government retaining high customs duty on gold imports in this year’s budget, industry body Assocham on Tuesday said smuggling of the yellow metal in India is likely to shoot up and introduction of mandatory PAN declaration on high-value gold purchases will dampen the industry. “In the absence of lower (import) duty, smuggling of the precious material would
Refusals Exceed 30% at De Beers March Sight
Gaborone: Pessimism prevailed at De Beers March sight with more than 30 percent of goods refused, according to several sightholders. Negative sentiment at the sight stemmed from a shared belief that polished sales and prices were unlikely to increase in the second quarter of 2015 and that De Beers sight prices have not fallen enough to restore profitability in the
Dubai Diamond Conference-15 to put ‘Africa First’
Dubai: The Dubai Diamond Conference 2015, slated for April 21-22 in Dubai will witness ministers and officials from Africa play a crucial part in discussions this year. The event, organized by the Dubai Diamond Exchange (DDE) and the Dubai Multi Commodities Centre (DMCC), will also bring together delegates and keynote speakers from the Middle East and Asia, heads of global
Global Diamond Production +11% to $14B in 2013
Gaborone: Global diamond production by value rose 11 percent year on year to $14.09 billion in 2013, due mainly to an increase in the average price of rough diamonds, according to annual data published by the Kimberley Process Certification Scheme. By volume, global production increased 2 percent to 130.48 million carats, while the average price of production grew 9 percent
PDE President to Present Project in India
Panama: With more than 40 of the 59 available offices in the Phase 1 building of the Panama Gem & Jewelry Center already accounted for, Erez Akerman, President of the Panama Diamond Exchange (PDE), is visiting the Indian cities of Mumbai and Surat, and then New York, where he is meeting with companies interested in obtaining space in Latin America’s
Bunder’s Education Initiatives Deliver Strong Results
Bhopal: Rio Tinto’s Bunder project in the central Indian state of Madhya Pradesh announced the results of a number of educational initiatives aimed at improving opportunities for families in the 15 communities surrounding the diamond project. Through a range of coaching initiatives and adult education programs the Bunder project is working towards its goal of enhancing opportunities in the local
The 31st Edition of IIJS Ended with Success
Mumbai: The 31st Edition of India International Jewellery Show (IIJS) ended today with a success note. The show was organized from 17th to 21st July 2014 by the Gem & Jewellery Export Promotion Council (GJEPC) with over 850 plus exhibitors occupying about 1800 booths from India and Overseas. Over 35,000 genuine buyers from all over India and abroad visited the
