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
India Proposes Gold Monetization Scheme: No Reduction in Import Duty
New Delhi: India’s Finance Minister Mr. Arun Jaitley has once again disappointed the jewellery industry by maintaining status quo on the gold import duty which is prevailing at 10%. On the contrary he preferred to put a check on import of the yellow metal by proposing to introduce gold deposit accounts to utilize the 20,000 tons available within the country
Forevermark Sales Reach $750M Annually
Gaborone: The Forevermark diamond brand confirmed that it experienced strong growth in 2014 with the retail value of sales topping out around $750 million, according to Stephen Lussier, Forevermark’s CEO. In addition, Forevermark’s store presence increased 20 percent year on year to 1,542 locations. Demand for the branded diamonds was strong in the U.S. and increasingly higher in India and
DEF to Honor PM Modi and Govt. of India
Las Vegas: The Diamond Empowerment Fund (DEF) has announced that Indian Prime Minister Narendra Modi and the government of the Republic of India will be honored at its Diamonds in the Sky Las Vegas Gala. The award recognizes India’s global leadership and contributions to democracy, development and the growth and expansion of the international diamond industry. “We are thrilled to
Synthetic Units in Gujarat under Scanner
Surat: The small diamond cutting and polishing pockets in Saurashtra and north Gujarat regions are under scanner following recovery of 110 synthetic polished diamonds from traders in Surat’s Mini Bazaar diamond market. It was found that these synthetic diamonds were cut and polished in Bhavnagar, reports The Times of India. According to industry experts, along with natural diamonds, a large
ALROSA’s Net Profit under RAS +59% in 1H
Moscow: Following the 1st half of 2014 OJSC AK ALROSA posted net profit under RAS soared by 59%, or 1.6 times, – to RUB 24.174 billion compared to RUB15.209 billion a year earlier, according to the company’s financial statement, cited by Finmarket.ru. ALROSA’s revenue increased by 20% and amounted to RUB81.551 billion compared to RUB68.01 billion in the 1st half
EU, US to Impose New Russia Sanctions
Washington: The United States and European Union plan to impose new sanctions against Russia this week, including penalties targeting key sectors of the Russian economy, the White House said Monday. The show of Western solidarity comes as the US accuses Russia of ramping up its troop presence on its border with Ukraine and shipping more heavy weaponry to pro-Moscow separatists
India's Jewellery Exports Up by 25% in June
Mumbai: The silver jewellery exports from India surged by 25.06% year-on-year to touch $134.52 Million (Rs. 803.50 crores) during the month of June this year while its gold jewellery exports too soared by 24.96% year-on-year to $664 Million (Rs 3966.07 crores), in accordance with the latest data released by the Gem and Jewellery Export Promotion Council (GJEPC). According to GJEPC,
‘Next Generation’ Gemstone Report Disclosure
London: Gemstone miner Gemfields and Gubelin Gem Lab have announced what they call the “next generation” of disclosure on laboratory-issued gemstone certificates. Unlike current gemstone certificates, which are issued without disclosing the identity of the party presenting the gemstone to the laboratory for a report, Gubelin Gem Lab will offer its clients the option of including their names included on
