We Wish to Build Globally Relevant SKY Gold: Akash Talesara
Israel’s Diamond Industry Under Severe Pressure
Did Natural Diamond Ind. Misjudge LGD Threat?
Why Did Gold & Silver Break Down Just as Fed Hike Bets Faded
Macro Snapshot: The rate backdrop eased during the week ending 23 October, which makes the metals’ slide harder to explain. CME FedWatch odds of a hike at the 27 to 28 October FOMC meeting had settled near one in three on 14 October, after the 3.7% September CPI print, and stood at 9.4% by 23 October. December hike odds slipped from about 90% to close to 80%. The 10-year Treasury yield closed at 5.00% against 5.09% a week earlier, and
Why Did Gold & Silver Break Down Just as Fed Hike Bets Faded
Macro Snapshot: The rate backdrop eased during the week ending 23 October, which makes the metals’ slide harder to explain. CME FedWatch odds of a hike at the 27 to 28 October FOMC meeting had settled near one in three on 14 October, after the 3.7% September CPI print, and stood at 9.4% by 23 October. December hike odds slipped from about 90% to close to 80%. The 10-year Treasury yield closed at 5.00% against 5.09% a week earlier, and
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Antwerp Police Commissioner Arrested
Antwerp: The Antwerp Federal Police Commissioner and head of the Diamond Squad, Agim De Bruycker, has been arrested and held on suspicion of money laundering after the discovery of diamonds and gold worth €50,000 ($55,000) in his home. According to reports in the Belgian press, the commissioner declined to explain how he had obtained the large amount of diamonds and
Asia's First Diamond Grading Institute in Surat
Surat: It is going to be a big day for the Indian diamond industry. De Beers, the diamond mining giant of the world, will inaugurate its second and Asia’s first state-of-the-art International Institute of Diamond Grading and Research (IIDGR) in the diamond city on March 31. De Beers Group CEO, Philippe Mellier and the who’s who of the Indian diamond
Jewellery Industry to Discuss Sustainability
Chicago: The jewelry industry community has announced “The Jewelry Industry Summit,” an open forum to discuss sustainability and responsible sourcing. The goal of the event is to create awareness of supply chain challenges and develop tools to mutually benefit the jewelry industry and create business opportunities and new sources of value for suppliers and the consumer. The summit, being held
IDE to Help Turkey Develop Diamond Industry
Ramat Gan: The Israel diamond industry is planning to help Turkey advance its diamond sector, according to reports in the Israeli press. Globes quoted Israel Diamond Exchange (IDE) senior vice president Jacob Katten as saying, “If we don’t help the Turks in this area, there are more than a few countries that will be glad to do it, including India
Global Gold Demand Hits New High in 2024
Mumbai: The World Gold Council’s (WGC) Q4 and Full Year 2024 Gold Demand Trends report reveals that total annual gold demand (including OTC ) hit a new, record high of 4,974t, driven by strong, sustained central bank buying and growth in investment demand. The combination of record high gold prices, and volumes resulted in the highest ever total value of
Jemora Gemhouse’s 1st Auction of Sapphires
Dubai: Jemora Gemhouse confirms its inaugural auction to occur from March 17-19, 2025, at the Dubai Diamond Exchange. This exclusive event will showcase an unparalleled collection of sapphires from some of the world’s most renowned sources, including Kashmir, Madagascar, and Sri Lanka. Key Highlights for Inaugural Auction: Mr. Dev Shetty, Jemora Gemhouse’s Founder and CEO said, “Our inaugural auction will
WFDB Presidents’ Meeting 2025 on June 10-11
Antwerp: The World Federation of Diamond Bourses (WFDB) has announced that its next Presidents’ Meeting will be held on June 10-11 in New York City, hosted by the Diamond Dealers Club (DDC) of New York. The annual Presidents’ Meeting is an important international event, convening senior representatives of the 27 member bourses and major players from throughout the diamond pipeline.
G&J Industry Welcomes the Union Budget
Mumbai: India’s Finance Minister Ms. Nirmala Sitharaman presented the Union Budget for the year 2025-26 in Lok Sabha yesterday which was wholeheartedly welcomed by the Gems & Jewellery industry of the country. Here are the feedbacks received by some industry leaders: Mr. Vipul Shah, Chairman of GJEPC: “Union Budget puts India in the growth path to Viksit Bharat. The Budget
