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,
Are Diamond Buyers ‘Scared’ of De Beers’ power?
New York: Diamond buyers are allegedly “scared stiff” of De Beers’ power as prices the company demands for rough stones were beyond their reach. Bloomberg quoted Diamonds, Precious Stones and Jewelry Administration director Shmuel Mordechai as saying the money that buyers get for cut gems was failing to keep up with what De Beers was asking. “It (De Beers) dictates
Advanced HPHT for Lab Grown Diamonds
Antwerp: The IGI Laboratory in Antwerp has issued reports for two very special laboratory grown polished diamonds, according to a press-release. Herman Brauner, the co-founder and head of the IGI Laboratory, said, “that the two laboratory grown diamonds submitted to IGI are the largest, highest color, flawless man-made diamonds ever seen at the IGI Antwerp laboratory.” Both stones are over
De Beers Announces Auction Sales Programme
Gaborone: The De Beers Group of Companies yesterday announced the 2015 Forward Contract Sales (FCS) programme for its Auction Sales business. As a result of customer feedback, the new programme includes a number of changes from the programme first launched in 2014. In response to customer demand for greater availability of Forward Contracts in the first half of the year
Huw Daniel Appointed CEO of PGI
Mumbai: Huw Daniel has been appointed Global CEO of PGI, after 12 years as President of PGI USA. The announcement was made by the Platinum Jewellery Development Association (PJDA), which represents the major platinum producers (Anglo Platinum, Impala Platinum and Lonmin) and sponsor the PGI. Daniel succeeds long serving CEO James Courage who will retire at the end of April.
