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
Accenture Suggests Steps to Boost Exports from SEZs
Kolkata: IT consultancy firm Accenture has warned that the move by Indian jewellers to set up units in China and Dubai may slow down gem and jewellery exports from the country, even as it suggested steps to boost exports from special economic zones (SEZs), reports The Economic Times. The jewellery companies that are considering setting up units abroad include Kama
ALROSA Not Changing Sales Policy in 2015
Moscow: The world’s leading diamond mining company ALROSA is not going to increase its capex or dramatically change its sales policy in 2015, ALROSA’s Vice President Ilya Ryaschin said in a conference call on Monday. According to him, the investment program currently under development envisages that capex in 2015 will not exceed the level of 2014 and will stay at
ALROSA again Chaired by Ilya Yuzhanov
Moscow: The Supervisory Board of ALROSA is once again chaired by Ilya Yuzhanov, according to the information received from the company on Friday. Yury Trutnev, Deputy Prime Minister of the Russian Government and Presidential Plenipotentiary Envoy to the Far Eastern Federal District, signed the directive prescribing the state representatives sitting on the Board to vote for Ilya Yuzhanov. The representatives
De Beers August Sight Estimated at $715M
Gaborone: The De Beers August sight closed last week with an estimated value of $715 million as the company maintained steady prices despite liquidity concerns in the diamond manufacturing sector. Rough trading slowed on the secondary market and premiums on De Beers boxes declined, with boxes selling at average low single-digit percentages during and after the sight. “The market is
