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
Angola, U.S. Pledge to Enforce KP Core Principles
New York: Angola and the United States have pledged to work together to enforce the core principles of the Kimberley Process (KP) to ensure that diamond revenues do not contribute to violence, but instead to peace and prosperity. Angola was the current KP chair. “The United States reaffirmed its support for Angola’s chairmanship of the Kimberley Process,” reads a joint
HK’s Jewellery Sales Dip 16.3% in Dec 2014
Hong Kong: Retail sales of jewellery, watches and clocks, and valuable gifts in Hong Kong dropped 16.3 percent in December last year to HK$9.6 billion ($1.23 billion) compared with the same period in 2013, according to the Census and Statistics Department of Hong Kong. Year-on-year accumulative retail sales of this sector dipped 13.7 percent to HK$102.09 billion ($13.2 billion) from
India Reclaims Top Spot as Gold Consumer
Mumbai: India is back to being the number one consumer of gold, knocking China off the top of the podium as the country that consumed the most bullion in the form of gold bars, coins and jewelry, in 2014. The latest update of the annual study by GFMS of world gold supply and demand found that sliding demand from China
Registration for IDW Surpasses 300
Ramat Gan: Registration of foreign buyers for the upcoming winter edition of the International Diamond Week (IDW) in Israel has surpassed the 300 mark and is expected to rise well beyond 400 ahead of the opening of the five-day event on February 8, the IDW Organizing Committee announced. “We have surpassed the 300 mark and ultimately expect to welcome more
Viewing of 122.52-Ct Blue Diamond to Start Soon
Johannesburg: Petra Diamonds will shortly start the viewing process for the sale of the exceptional 122.52-carat blue diamond that it recovered in June at the Cullinan mine in South Africa. The viewing process will open on Monday, August 18, and will close on Friday, September 12, when offers from prospective buyers are to be submitted. Appointments to view the stone
Rio Tinto Showcases Rare Red & Pink Diamonds
Perth: Rio Tinto’s iconic Argyle Pink Diamonds Tender has been unveiled during a world exclusive preview in Sydney, with the 2014 collection boasting a record four rare Fancy Red diamonds. Celebrating the 30th anniversary of the world’s most anticipated diamond sale, the 2014 Argyle Pink Diamonds Tender collection comprises 55 diamonds, including 51 pink and purplish red diamonds and four
NY DDC Opens India Diamond Week
New York: The Diamond Dealers Club (DDC) of New York, in conjunction with the Gem & Jewellery Export Promotion Council (GJEPC), greeted yesterday close to 100 exhibitors at its first India Diamond Week on the DDC’s trading floor in Manhattan. DDC’s president, Reuven Kaufman, is creating a renaissance of the diamond trading floors by welcoming diamantaires from India, the manufacturing
Global & Indian Firms Interested in Surat Bourse
Surat: Diamond companies from Belgium, Dubai, Israel and Hong Kong are interested in joining the proposed Surat diamond exchange and have applied for membership, according to Dinesh Navadiya, president of the Surat Diamond Association (SDA), reports The Economic Times. The proposed exchange, is likely to be almost as large as Mumbai’s Bharat Diamond Bourse (BDB), and the government is in
