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
Inaugural Ruby Auction Nets $33.5m – Gemfields
Johannesburg: The inaugural auction of rough ruby and corundum mined at Aim-listed Gemfields’ 75%-owned Montepuez deposit, in Mozambique, has raised $33.5-million, taking the coloured-gemstones mining and marketing company’s overall revenue for rough gemstone sales to in excess of $143-million for the current financial year. The auction, held in Singapore from June 12 to 17, had included both high- and low-quality
GJEPC Demands Relaxations from Govt.
Mumbai: The Gems and Jewellery Export Promotion Council (GJEPC) has urged the government to reduce import duty on gold and silver to 2 per cent from 10 per cent. An official News Release received by this website says that the body has also demanded for scrapping the existing 80:20 scheme, which was imposed by the government in August last year,
36th World Diamond Congress Concludes
Antwerp: The 36th World Diamond Congress concluded in Antwerp, Belgium, and reflected strength in the attendance and the presence of international diamond, gem stone and jewellery industry organization delegates. These included the representatives of 30 bourses affiliated to the World Federation of Diamond Bourses (WFDB), 15 members of the International Diamond Manufacturers Association (IDMA), the two bodies that organize the
ADB's Profit -31%, Interest Income +13%
Antwerp: The Antwerp Diamond Bank (ADB), a subsidiary of the KBC Bank, reported that its balance sheet fell 7 percent year on year to $2.4 billion (EUR 1.692 billion) in 2013, according to a report published on Rapaport. A selective credit issuing policy during the year held the bank’s number of debtors stable, and global net interest income rose almost
