We Wish to Build Globally Relevant SKY Gold: Akash Talesara
Israel’s Diamond Industry Under Severe Pressure
Did Natural Diamond Ind. Misjudge LGD Threat?
With December Hike Odds Intact, Can a Midterm Rally Repair Gold, Silver’s Breakdowns?
Macro Snapshot: Gold posted its best week since late August, but it got there on rate relief that had disappeared by Friday. COMEX gold rose 4.5% to $4,074.9 and silver 5.4% to $51.94 while cheaper oil pushed the odds of a December Fed hike down from about 71% on 30 October to 64% ahead of Friday’s payrolls, according to CME FedWatch readings reported by Benzinga and Reuters. The jobs data sent the odds back up to 74.8%, CNBC reported, a
With December Hike Odds Intact, Can a Midterm Rally Repair Gold, Silver’s Breakdowns?
Macro Snapshot: Gold posted its best week since late August, but it got there on rate relief that had disappeared by Friday. COMEX gold rose 4.5% to $4,074.9 and silver 5.4% to $51.94 while cheaper oil pushed the odds of a December Fed hike down from about 71% on 30 October to 64% ahead of Friday’s payrolls, according to CME FedWatch readings reported by Benzinga and Reuters. The jobs data sent the odds back up to 74.8%, CNBC reported, a
Top News
India’s Exports Steady in December 2014
Mumbai: Exports of cut and polished diamonds as well as gold jewellery remained steady during the month of December 2014, registering a decline of 0.03% and a rise of 0.55% as compared to the same month a year earlier, according to figures compiled by GJEPC. Overall, the gross exports of all gem and jewellery items too showed a negligible 1.65%
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
Important Clarification from EGL
Ramat Gan: The holders of the worldwide rights of EGL hereby notify you, the members of the Israel Diamond Exchange, and all members of the diamond industry and trade, that on November 25th, 2014, the license agreement with the gemological laboratory operated by Mr. Guy Benhamou (a former EGL laboratory that also uses the name EGL INTERNATIONAL), located in the
‘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
