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
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ABN AMRO Bank NV to Re-Enter India
Mumbai: European entity ABN AMRO Bank has applied to the Reserve Bank of India (RBI) for setting up operations in India, primarily for financing the gems and jewellery sector. The regulator has given it an ‘in-principle’ nod to establish a wholly-owned subsidiary in India, reports Business Standard. Globally, ABN AMRO offers financial services to the diamond and jewellery sector through
De Beers to Upgrade Diamondview
Basel: De Beers said that its International Institute of Diamond Grading & Research (IIDGR) will this week reveal details of an upgraded DiamondView at the Gemological Institute of America (GIA) GemFest in Basel. The instrument generates a surface fluorescence image on any stone being tested, providing information on growth history from which synthetics can be identified, it said in a
RBI Further Restricts Gold Imports
Mumbai: The Reserve Bank of India (RBI) on Tuesday instructed the banks not to sell gold imported on consignment basis to jewellers on outright basis. The clarification is expected to tighten gold imports. The RBI allowed banks to import gold on consignment basis and also allowed them to provide gold metal loans to jewellers. However, banks were found importing gold
GJEPC's Workshop on Octroi Refund Procedure
Mumbai: The Trade Policy department of GJEPC will be hosting a Workshop on April 7, 2015 to familiarize the trade with the new procedures for refund of octroi that have come into effect recently. Officials from the BMC’s Octroi department will make a presentation on the new online developments in the procedures related to e-filing. The presentation will be specifically
Myanmar Sells $3bn in Gems
Naypyidaw: Myanmar’s annual gem emporium took in more than $3 billion this year, the most ever for the country’s annual sale of gems and jade, organizers said Tuesday. Income reached $3.4 billion and saw the successful auction of 6,007 of 7,454 jade lots, 126 out of 436 gem lots and 224 of the total 342 pearl lots, they said. “This
Forevermark Hosted Forum 2014
Jaipur: Forevermark, the diamond brand from De Beers group hosted the 3rd Annual Forevermark Forum in The Pink City to celebrate the brand for the year 2014. The three day interactive forum held from 02nd till 04th June 2014 in the city of Jaipur for its key associates & stakeholders was a massive success and was attended by India’s leading
JCK Show to Remain a Four-Day Format
Las Vegas: JCK Las Vegas will continue as a four-day show, according to an announcement sent out to exhibitors. “While some customers had expressed a desire for JCK to extend to five days, the research simply did not indicate enough interest to justify a fifth day and the costs associated with an extra day,” said a note sent out to
De Beers Sending AMS Machines to Sightholders
Gaborone: Jonathan Kendall, President of De Beers’ International Institute of Diamond Grading & Research (IIDGR), said the Automated Melee Screening (AMS) instrument is being dispatched to Sightholders across the globe. The first installation and training sessions successfully took place at the end of June with Tasaki and Rosy Blue in Japan. “The focus has now shifted to installing the AMS
