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
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Investment Will Be Key to Success: Philippe Mellier
Gaborone: Addressing a Sightholder reception yesterday, during the first De Beers Sight of 2015, Philippe Mellier, Chief Executive, De Beers Group, said that maintaining success in the diamond industry is dependent upon investment to sustain supply, finance and demand. Mr Mellier pointed to De Beers’ investment in mining projects in Botswana, South Africa and Canada to deliver sustainability of supply,
Rio Tinto’s Zimbabwe Diamond Mine Output Drops
Harare: Rio Tinto said its 78 percent owned Murowa mine in Zimbabwe recorded a 4 percent drop in output to 101,000 carats during the fourth quarter of 2014. The company, which also has operations in Australia and Canada said its total rough diamond output declined 37 percent year on year to 2.841 million carats during the same period under consideration.
World Gold Demand to Grow Sharply in 2015
London: The latest research report by HSBC predicts that gold demand will rebound sharply in 2015 and may reach more than 4100 tonnes. According to HSBC, there will be two reasons for that: the back of buoyed physical buying in the Asian region, and increased flow of money into bullion-based Exchange Traded Products (ETPs). Gold prices posted annual drop in
IGJA 2014 Awards Function in Mumbai on Jan 29
Mumbai: Chief Minister of Maharashtra, Devendra Fadnavis will be the Chief Guest at function for the distribution of the India Gems & Jewellery Awards 2014 (IGJA) which will be held at NCPA, Mumbai on January 29, 2015. IGJA honours outstanding performers from within the industry across different product segments, banks and agencies involved in finance and supply of gold to
Gem-A’s New Issue of The Journal of Gemmology
London: The Gemmological Association of Great Britain (Gem-A) has launched the latest issue of its academic publication, The Journal of Gemmology (Volume 39, No. 2, 2024). Released digitally on June 25, this issue contains news and research from the international gemmological community, including an article focusing on the geographic origin determination of high-quality green jadeite-omphacite jade from Myanmar, Guatemala and Italy. The
Guatemala BSM Opens New Doors for Exports
Guatemala: GJEPC along with the Embassy of India in Guatemala successfully conducted a hybrid Buyer-Seller Meet (BSM) to promote Indian gems and jewellery in the Central American market. The event held on 24th June was graced by His Excellency Dr. Manoj Kumar Mohapatra, Ambassador of India to Guatemala, who delivered the welcome address, and Mr. Ramesh C. Khulbey, Head of Chancery
GJEPC Presents Pre-Budget Recommendations
New Delhi: India’s GJEPC Chairman Mr. Vipul Shah presented key recommendations for the gem & jewellery trade at yesterday’s pre-budget meeting with Union Finance Minister Mrs. Nirmala Sitharaman. Mr. Shah said, “The Indian gems and jewellery industry contributes around 10% to India’s total merchandise exports. However, the industry is currently facing some challenges due to the geopolitical scenario, the emergence
Sanctions: EU Extends Sunrise Period
Antwerp: European Union (EU) is extending the “sunrise period” for the traceability of sanctioned Russian diamonds by six months, and allowing trade in “grandfathered stock” – goods imported before restrictions were imposed. Both announcements were made yesterday as part of its 14th package of sanctions, according to the AWDC (Antwerp World Diamond Centre), which has been calling for concessions. The
