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
Winners of Baselworld Design Competition
Basel: Jewellery-focused 3D wax printing specialist Solidscape has announced the winners of the fourth annual Baselworld Design Competition. Capturing the Platinum Award for jewellery the third year in a row is the OG-Art Studio team from Bialystok, Poland. The brand produced a spectacular Dragon Pendant design that features complex geometry and incredible detail requiring the highest precision in 3D printing
Israel to Revive Diamond Manufacturing
Ramat Gan: An advanced “one-stop shop” for diamond manufacturing, recently opened near the Israel Diamond Complex in Ramat Gan, is the first step in an ambitious plan by Israeli diamond leaders to bring back a large part of the offshore diamond polishing business to the country. The plan is being supported by the Israel Diamond Exchange (IDE), the Israel Diamond
Zimbabwe Miners ‘Afraid of Saying No’ to Merger
Harare: Some diamond miners operating in Zimbabwe are said to be “afraid of saying no” to the proposed merger of their operations, according to a report published in Rough & Polished. Zimbabwe recently announced plans to merge all six diamond mining operations in Marange as well as Rio Tinto’s Murowa and DTZ-OZGEO into one firm in which the State would
Platinum Becomes Cheaper Than Gold
Mumbai: As platinum becomes cheaper than gold, demand for platinum jewellery is zooming in the Indian market. Platinum jewellery retailers said that in February and March, demand shot up 40-50% and this trend is likely to continue in the upcoming wedding season that kicks off next month. Platinum price is currently hovering around Rs 26,300 per 10 gm as compared
GJEPC Flays Surat Diamantaires on Bourse Plan
Mumbai, 22nd May: The Gems and Jewellery Export Promotion Council (GJEPC), of India has criticized the move by some diamantaires in Surat to shift their Mumbai operations to the proposed Surat Diamond Bourse (SDB) in Surat, reports The Times of India. GJEPC chairman Vipul Shah said, “It is not the prerogative of 50 diamantaires to decide and win over others
India Raises Import Tariff Value of Gold, Silver
Mumbai: India has raised its import tariff value of gold and silver on Wednesday. Indian government has trimmed its import tariff value of gold from $421 per ten grams to $431 per 10 grams and silver from $644 per kilo gram to $ 646 per kilo gram, said the ministry of finance. Import tariff value is the base price on which
Zimbabwe Diamond Output, Sales Dipped in 2013
Harare: Zimbabwe’s diamond output declined 26.1 percent to 8.9 million carats last year, according to Equity Communications, reports Rough&Polished. The Harare-based research company said in a statement emailed told Rough&Polished that Zimbabwe was the only “major” diamond producer, which experienced a “sharp” decline in production and sales last year. It said diamond production in the Southern African country took a knock
JNA Awards 2014: Deadline for Entries Extended to 8th May
Hong Kong: JNA Awards, the annual industry-wide event that honors the innovators and leaders of the international jewellery industry, with a focus on their achievements and contribution in Asia, has now extended the deadline for accepting entries up to 8th May, 2014, an official press release issued by the organizer says. Individuals or companies may submit their entries or on behalf
