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
Top News
Rashmika Mandanna Appointed India Brand Ambassador of Swarovski
Mumbai: Swarovski proudly announces actor Rashmika Mandanna as its new Brand Ambassador for India, marking a milestone for the Austrian luxury house as it strengthens its presence in one of its fastest-growing markets. India, a vibrant market with a deep affinity for jewelry and self-expression, continues to play a pivotal role in Swarovski’s global growth story. With her pan-India appeal,
De Beers Report Highlights Progress in Key Areas
London: De Beers Group today published its 2024 sustainability report, highlighting significant progress across its key focus areas of climate, livelihoods, nature and provenance. These areas were identified as the priorities for De Beers Group’s sustainability work as part of a mid-term review of the Group’s Building Forever sustainability framework initiated last year. During the course of 2024, De Beers
A Moment of Reckoning for India’s G&J Industry
Mumbai (Gems2jewellery.com Exclusive): India’s Gem and Jewellery (G&J) sector has long dazzled global markets, not just with its sparkle but with the millions of livelihoods it sustains. From the diamond polishing units of Surat to the gold jewellery workshops of Mumbai and Jaipur, this industry has been the backbone of India’s export story. But today, that glitter is under threat.
Gaston to Acquire 100% Ownership of Lucapa Diamond
Dubai: Gaston International DMCC (“Gaston”), part of Jemora Group, has announced that it has entered into a binding term sheet (the “Binding Term Sheet“) with Richard Tucker and Paul Pracilio (“Administrators”) of Lucapa Diamond Company Limited (“Lucapa”), an ASX-listed company, for a Deed of Company Arrangement (“DOCA”) contemplating the acquisition of all issued shares of Lucapa by Gaston (the “Transaction“).
De Beers to Cut 366 Jobs in S.A. Mines
Gaborone: Anglo American-owned De Beers has announced plans to cut 366 jobs in its South African mines as part of its retrenchment process, reports mining-technology.com. As part of its plans, the company will axe 152 posts at its Venetia Mine outside Musina, with a further jobs going at some of its other South African mines. The latest decision comes as
Responsible Sourcing Protocol for Diamonds
New York: Signet Jewelers Limited has launched an initiative to commit to improvement and increased transparency in the integrity of the global diamond supply chain. The Responsible Sourcing Protocol for Diamonds (D-SRSP) is a collaborative effort, having gathered expert opinions from within the diamond industry, civil society and governments. These included the De Beers Group, Rio Tinto, Dominion Diamond Corporation,
Leaders Discuss How to Market Diamonds
Ramat Gan: The first day of the International Diamond Week in Israel (IDWI) featured a panel discussion on how to market diamonds. The speakers included IDWI Guest of Honor, the British jewelry designer Stephen Webster; Jean Marc Lieberherr, the newly appointed CEO of the Diamond Producers Association; Alex Popov, Chairman of the World Diamond Mark Foundation; and Patricia Syvrud, Executive
India May Introduce National Gold Policy Soon
New Delhi: The government of India may introduce the National Gold Policy to find a long-term solution to huge gold imports, instead of relying on ad hoc measures such as raising import duty on the yellow metal, reports Deccan Herald. Additionally, the government may also look at establishing a Gold Board for managing import-export, develop accredited refineries, drive gold monetization
