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
GJEPC Organizes Colored Gemstones BSM in Panyu
Beijing: The Gem and Jewellery Export Promotion Council, the apex body of gem and jewellery trade in India in association with China Gems Center, is organizing the third edition of China Coloured Gems Buyer-Seller Meet at the Shawan Jewelry Industrial Park at Panyu, Guangzhou of China on 15-16 January 2015. This meet brings together representatives of more than 100 Chinese
Rio Urges Speedy Clearance for Bunder Project
New Delhi: Sam Walsh, CEO of mining giant Rio Tinto has urged the Indian government to ensure speedy clearance to the Bunder diamond mining project in Madhya Pradesh according to media reports. He was speaking to the press during a recent visit to Delhi. Walsh said that he has had three rounds of discussions with the Indian government during the
Three Diamond Bourses to Cooperate With IDW
Ramat Gan: Members of three of the world’s leading diamond bourses will find themselves together on the trading floor of the Israel Diamond Exchange at the upcoming International Diamond Week (IDW) in Israel in February. Originally scheduled for past August, the winter edition of the event will gather — for the first time since the Israel Diamond Exchange instituted the
Gem-A Take the Party to Tucson
London: The Gemmological Association of Great Britain (Gem-A) has announced its upcoming plans for the Tucson Gem, Mineral and Fossil Showcase from the 1 – 15 February. Over the course of the two week showcase Gem-A plans to introduce jewellers, gemmologists and mineralogists to their range of professional educational courses, membership services, instruments and publications through a number of exhibitions,
IBJA May Receive ‘Gold Council’ Status
Mumbai: The India Bullion and Jewellers Association (IBJA) may receive ‘Gold Council’ status, with the Prime Minister’s Office sending a representation to this effect to the Ministry of Trade and Commerce. The Gold Council status will make IBJA an apex body and enable it to represent the industry with the Government on policy issues. Suresh Jain, past president, IBJA, said
WFDB Exco Meeting and Asia Summit Ended
Shanghai: The World Federation of Diamond Bourses (WFDB) Executive Committee (Exco) Meeting and Asia-Pacific Presidents’ Summit held in Shanghai on March 9 and 10 have ended after two days of intensive discussions on a range of crucial issues affecting the global diamond industry. Regional WFDB presidents, along with WFDB President Ernie Blom, were hosted by the Shanghai Diamond Exchange. Among
WDMF Lauds Miners for Coming Together
Hong Kong: The World Diamond Mark Foundation (WDMF) was very pleased with the outcome of the meeting held by a number of the major producers – as reported by Bloomberg – who gathered in London to discuss diamond marketing, industry research and the threat to consumer confidence from undisclosed synthetic stones entering the market. Reportedly, the meeting was attended by
Pure Gold Jewellers Investing $25 Miln in GIFT City
Dubai: Dubai-based Pure Gold Jewellers recently announced its plans to invest $25 million in the Gujarat International Finance Tec-City (GIFT) City project, which will create the first global financial hub in India. GIFT City is a 50:50 joint venture between the Gujarat Urban Development Company Limited (GUDCL) and Infrastructure Leasing and Financial Services (IL & FS) Limited. The project was
