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
Zimbabwe’s Diamond Mining Cos Agree to Merge
Harare: Zimbabwe’s diamond industry will soon be controlled by one firm as top government officials behind the country’s major diamond mining companies have agreed to comply with a ruling that forces them to merge. According to The Herald, the move which aims to bring more transparency and accountability in the sector — would enable miners to extract kimberlite diamonds, which
SGE to Start Fixing Gold Price Denominated in Yuan
Shanghai: The Shanghai Gold Exchange (SGE) will try to start offering the renminbi-denominated gold-fixing price this year, as an alternative to the dollar-denominated gold-fixing in London. Xu Luode, head of SGE said that the bourse has been researching the pros and cons of the yuan-denominated gold-fixing price, and will strive to launch it by the end of this year as
HK, Thailand Ink Mou on Trade Promotion
Hong Kong: The Hong Kong Trade Development Council (HKTDC) and the Department of International Trade Promotion (DITP), Ministry of Commerce of Thailand signed a Memorandum of Understanding (MoU) at the HKTDC Hong Kong International Jewellery Show, as cited in JNA. The MoU aims at further promoting trade and strengthening economic partnership between Thailand and Hong Kong. It also aims at
Sarine Launches Sarine Profile System
Tel Aviv: Sarine Technologies Ltd, engaged in the development, manufacture and sale of precision technology products for the planning, processing, evaluation and measurement of diamonds and gems, held an invitation-only event that unveiled Sarine’s latest offering for the wholesale and retail trade in polished diamonds – the Sarine Profile. The Sarine Profile allows polished diamond sellers to customize, personalize and
Zimbabwe Running Diamond Sector like ‘Mafia’
Harare: Zimbabwean opposition politician Innocent Gonese has said that Zimbabwe’s ruling Zanu PF party needs to stop running the country’s diamond sector “like a mafia where everyone involved in the management of the gems is a thief.” The comments were made at a public forum organized by the Southern African Political and Economic Series (SAPES Trust) in Mutare, reported the
DGCX to Launch Spot Gold Contract
Dubai: Dubai Gold and Commodities Exchange (DGCX), a financial and commodity derivatives exchange is getting ready to launch a spot gold contract and a number of commodities, equity and currency derivative contracts between now and the end of the year, said Gary Anderson, CEO of DGCX in an interview with Gulf News. The exchange primarily focused on derivatives is all
GJEPC’s Banking Seminar on Saturday
Mumbai: India’s Gem & Jewellery Export Promotion Council (GJEPC) has organized Diamond, Gem & Jewellery Banking Summit-2014 on Saturday, 28th June 2014 in Mumbai. The who’s who of Banking, Gem & Jewellery Trade and Ministry of Finance officials will be present on one platform to discuss the issues like- Aspects and Present Issues on Financing for the Gem & Jewellery
IDMA Tackles Thorny Issues at 36th WDC
Antwerp: With the close of the 36th World Diamond Congress in Antwerp, Belgium, members of the International Diamond Manufacturers Association (IDMA) concluded their deliberations, after raising and discussing a long list of topics that weigh heavily on the minds of diamond manufacturers worldwide. IDMA President Maxim Shkadov emphasized at the concluding press conference on June 19 that his organization was
