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
‘Design Inspirations’ Workshop on Feb 24-25
Mumbai: India’s Gem & Jewellery Export Promotion Council (GJEPC) will be organizing ‘Design Inspirations’, its annual two-day workshop on contemporary jewellery design trends for India and key international markets, on February 24-25 at Grand Hyatt, Mumbai. The workshop will be conducted by well-known jewellery trends forecaster Paula DeLuca from Italy. It will cover the trends in India, Europe and USA.
Diacam360 to be Launched During IDW
Ramat Gan: One of the highlights of the upcoming International Diamond Week (IDW) in Israel, which will commence on February 8, is the launch of a table-top, affordable and easy to use scanning device that produces high quality photos and 360-degree, interactive videos of polished diamonds in seconds. The device, which will be unveiled at the event’s DiamTech exhibit, was
Diamond Trading: India Team Visits Belgium, Dubai
New Delhi: To expedite the process of setting up a special notified zone for rough diamond trading, the government has sent a team of senior officials to study the trading models in Belgium and Dubai before firming up a policy for India, reports Financial Express. The sending of the team, comprising officials from the ministries of commerce and finance as
ALROSA to Cut on Diamond Stockpiles in 2015
Moscow: This year ALROSA will sell out some of its diamond stock, the amount of unsold diamonds will reduce to 11 million carats from 18 million carats three years ago, while its loan burden will drop by $1.3 billion from the 2014 level of $3.6 billion, ALROSA’s acting president Ilya Ryaschin was quoted by the company’s corporate journal as saying.
Gold-Silver Price-Setting Methods May Change
London: The decades-old methods for determining the daily benchmark prices for gold and silver seem set to change—the result of unwelcome attention from regulators and class-action lawsuits. Currently, the price of both metals is set at a daily teleconference by a number of prominent multinational banks—four in the case of gold, and three in the case of silver. However, the
CIBJO Gives Sustainability Frame for Pearl Sector
Milan: CIBJO President Gaetano Cavalieri has presented an outline for sustainability in the cultured pearl sector, emphasizing that a comprehensive approach must be taken that addresses economic, environmental and social responsibility. He was speaking at the Sustainable Pearls Forum, which took place in Hong Kong on June 21. The cultured pearl industry provides an opportunity to introduce concepts that often
Gold Curb Relaxations on the Way…
New Delhi: The government of India has indicated that there is a need to ease norms for bullion imports to boost supplies and jewellery exports. “There is a need of rationalisation in (gold import) duty and (gold import) procedure….We have already made it clear that there is a need to look at the current gold import regime,” commerce secretary Rajeev
RBI's Credit Limit Troubles Diamond Units
Surat: At least 350 small and medium diamond companies in the world’s biggest diamond cutting and polishing centre in Surat are facing severe financial problems with Indian banks strictly implementing the 90 days credit limit for overseas payment to rough diamond dealers in Antwerp and Dubai for the past four months, reports The Times of India. The Gem and Jewellery
