We Wish to Build Globally Relevant SKY Gold: Akash Talesara
Israel’s Diamond Industry Under Severe Pressure
Did Natural Diamond Ind. Misjudge LGD Threat?
Despite Global Losses & Firmer Rupee, Indian Gold & Silver Held Their Floors
Macro Snapshot: The selling that pushed both metals lower in the week ending 25 September came from the American bond market rather than from any bullion-specific news. S&P Global’s flash survey on 23 September put its composite output index at 58.4, the strongest reading since July 2021, with services at 58.7 and manufacturing at 56.7. On the same morning, Federal Reserve Governor Michael Barr said further policy adjustments were likely to be needed to return inflation to target. A poorly
Despite Global Losses & Firmer Rupee, Indian Gold & Silver Held Their Floors
Macro Snapshot: The selling that pushed both metals lower in the week ending 25 September came from the American bond market rather than from any bullion-specific news. S&P Global’s flash survey on 23 September put its composite output index at 58.4, the strongest reading since July 2021, with services at 58.7 and manufacturing at 56.7. On the same morning, Federal Reserve Governor Michael Barr said further policy adjustments were likely to be needed to return inflation to target. A poorly
Top News
Prakash Mehta New President of IDCA
New York: The Indian Diamond & Color stone Association Inc. (IDCA) announced results of its elections for the board of directors and the group unanimously elected a new executive committee for the year 2015. Prakash Mehta of Interings Inc. was elected as IDCA’s president, while Ashok Sancheti of Pioneer Gems was reelected as vice president; Nilesh Sheth of Nice Diamonds
New Diamond Manufacturing Plant in Israel
Ramat Gan: A unique diamond manufacturing facility will be inaugurated during the International Diamond Week, February 8-12, 2015. A joint initiative of the Israel Diamond Exchange (IDE), the Israel Diamond Manufacturers Association (IsDMA) and the Israel Diamond Institute (IDI), the plant provides independent diamond manufacturers with ultra-modern diamond manufacturing facilities and also serves to train a new generation of diamond
ALROSA Profits May Decline 2.6 Times in 2014
Moscow: ALROSA, the world’s largest diamond miner by carat, predicts that its profits will decline 2.6 times in 2014 (going down by RUB 21.8 billion) to RUB 13.7 billion versus 2013, mainly due to the weakening of the ruble. This was reported by TASS citing the statement made by Ilya Ryaschin, Acting President of ALROSA during a meeting held in
India's Polished Diamond Exports +11% in Nov
Mumbai: India’s polished diamond exports jumped 10.8 percent year on year to $1.559 billion in November, according to preliminary data from the Gem & Jewellery Export Promotion Council. By volume, exports rose 41.8 percent to 2.59 million carats. Polished imports, meanwhile, surged 124.9 percent to $882 million, leaving net exports down 5 percent at $677 million. Rough imports rose 35.6
GIA Considering Second India Lab
Mumbai: With its Mumbai grading lab taking more than four months to grade and return clients’ diamonds, the Gemological Institute of America may open a facility in the Indian manufacturing hub of Surat. A GIA release said it will “study the feasibility” of a second India lab, which would be the GIA’s 10th worldwide. It did not provide a possible
Platinum Strike Deal Edges Closer
Johannesburg: Labour negotiations at South Africa’s PGM mines are edging closer to a resolution as talks mediated by a ministerial task team continue. July platinum softened for a fifth session in a row on Wednesday to $1,433 an ounce and is down sharply from the $1,493 level less than two weeks ago over renewed hopes for an end to the
De Beers Signs $37M Deal for BT Networking
Gaborone: The De Beers Group selected BT for a range of IT and networking services with a six year contract and at a cost of $37 million. BT will orchestrate IT services across 70 De Beers locations, including exploration and mining sites, drawing on capabilities of the BT Connect portfolio that provides fiber optic, microwave and satellite linkages, as well
Chaim Zohar Awarded Life Membership of DDC
Johannesburg: Renowned diamond industry journalist Chaim Even-Zohar has been awarded an Honorary Life Membership of the Diamond Dealers Club of South Africa (DDC) for his lifetime dedication and contribution to the diamond industry. Ernie Blom, Chairman of the DDC and World Federation of Diamond Bourses President, presented Even-Zohar with the membership certificate. “We, as the Diamond Dealers Club of South
