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

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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

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Rio Tinto Publishes 17 Select Diamantaires for 2015

Perth: Rio Tinto published a list of 17 diamond manufacturers that have received long-term contracts to buy its rough diamonds this year. These clients, known as Select Diamantaires, have been listed on the company’s website, but management added that a final decision for its 2015 and 2016 supply period will be made before the end of the first half of

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Ernie Blom to be Guest of Honour at IDW

Ramat Gan: Mr. Ernie Blom President of the World Federation of Diamond Bourses (WFDB) has been invited as a guest of Honour to the International Diamond Week in Israel on the 8th to the 12th February 2015. Blom commented on both the forthcoming Antwerp Diamond Trade Fair and the International Diamond Week in Israel, saying “These kinds of events are

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RJC to Hold AGM and Conference in Mumbai

Mumbai: The Responsible Jewellery Council (RJC) will hold its Annual General Meeting and a Conference at the Bharat Diamond Bourse in Mumbai, India from 13 to15 April 2015. The event will be structured over three days and will offer RJC Members and Stakeholders the opportunity to better familiarize with current and future RJC projects, the Indian manufacturing industry and best

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‘CSR for Jewellery Professionals’ Course by Gem-A

London: The Gemmological Association of Great Britain (Gem-A) has announced its ‘CSR for the Jewellery Professionals’ course is now open for enrolment. The six lesson course, developed in conjunction with Branded Trust and the educational arm of the World Jewellery Confederation (CIBJO) the World Jewellery Confederation Education Foundation (WJCEF), is now accepting applications from across the trade for those who

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198 Carat Rough Found in Lesotho

Maseru: Africa has unearthed yet another eyebrow-raising mega-rock—this time a 198 ct. white type IIa diamond described as of “exceptional quality.” The stone was found at the Letšeng mine in Lesotho, said owner Gem Diamonds. The diamond “displays no fluorescence and is expected to achieve an exceptional price when sold this year,” the company said. Spokesperson Sherryn Tedder said she

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Four Leaders Join Board of Directors of PDE

Panama: The Panama Diamond has announced that four key leaders of the international diamond and jewelry industries have joined the Board of Directors of the Panama Diamond Exchange. They are Roberto Coin, the world renowned Italian jewelry designer and manufacturer; Maxim Shkadov, President of the International Diamond Manufacturers Association; Shmuel Schnitzer, President of the Israel Diamond Exchange; and Reuven Kaufman,

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India's Gold Jewellery Imports Jump 10% in Q1

Mumbai: India’s gold jewellery imports surged 10 per cent to Rs. 696.44 crore in the first quarter of this fiscal as high premium on the yellow metal following tough import norms forced traders to get finished jewellery from abroad, the Gems and Jewellery Export Promotion Council (GJEPC) has said. However, import of gold bars declined marginally by 3.32 per cent

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More Than 200 Buyers Registered for Diamond Week

Ramat Gan: More than 200 foreign buyers are registered already for participation in the International Diamond Week (IDW) that will be held September 1-4 at the Israel Diamond Exchange (IDE). They will come face-to-face with more than 350 diamond firms which will exhibit their diamond stocks in the IDE’s trading hall. Since the IDW is a joint effort of the

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