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
Chow Tai Fook's 3Q Sales -10%
Beijing: Chow Tai Fook reported that group sales fell 10 percent year on year for the third quarter that ended on December 31, according to preliminary estimates that did not include hard totals. Same-store sales fell 18 percent, with a pronounced decline of 21 percent in Hong Kong and Macau and a 15 percent drop in Mainland China. Gem-set jewelry
Renewed Warning to 'Diamond Mixers' in India
Mumbai: In response to messages that have reportedly been circulating on social media about a number of leading Indian diamond companies said to be involved with recent mixing of synthetic and natural diamonds, India’s Gem and Jewellery Export Promotion Council (GJEPC) and the Surat Diamond Association (SDA) issued a joint statement this week warning of legal action against those caught
Mellier Supports Forevermark Brand Strategy
New York: Mr. Philippe Mellier, Chief Executive, De Beers Group, welcomed Forevermark partners during a private cocktail event in New York addressing the challenges and opportunities facing the diamond industry articulated in the 2014 Diamond Insight Report. The address culminated with attention to the strategic reasons behind the emergence of diamond brands and growth of Forevermark. Mr. Mellier said, “It
India Does not Plan New Gold Import Curbs
New Delhi: The government on Wednesday ruled out restoring of curbs on gold import, even as jewellers pressed for cutting Customs duties, reports Business Standard. After a recent spurt for three months, imports slumped in December and in the early days of January. Speaking to reporters after a meeting with representatives of the gems and jewellery sector in New Delhi
Al Cook to Succeed Bruce Cleaver as CEO of De Beers
London: De Beers Group has announced that Bruce Cleaver will be succeeded by Al Cook as CEO of De Beers Group from early next year. Bruce will become Co-Chairman of De Beers Group, alongside De Beers Group Chairman and Anglo American Chief Executive Duncan Wanblad. During more than six years as CEO of De Beers Group, Bruce has led the
PGI Men of Platinum Launches New Campaign
Mumbai: There are a few men who show self-belief and display immense courage when faced with challenging situations. These are men who always stay true to their values no matter what. In doing so, these men of character inspire those around them. The cricket pitch too is a place that tests the character of many, including the icons we love.
De Beers' 8th Cycle Worth $500 Mln.
Gaborone: De Beers said its eighth sight held from 19th September to 4th October witnessed rough diamond sales of $500 million, an increase of 1.62% on a year-on-year basis, but down 22% versus the preceding seventh sight of 2022. Mr. Bruce Cleaver, CEO, De Beers Group, said, “Demand for our rough diamonds during sales cycle 8 was in line with
GJEPC Holds Awareness Drive at District Conclave
Mumbai: India’s Gem & Jewellery Export Promotion Council (GJEPC) presented a brief overview of the Council’s various schemes and the possible avenues for growth in the gem & jewellery sector at the District Conclave on ‘Investment Promotion, Export, Ease Of Doing Business, and One District One Product’ organised by the Industries Dept., Directorate of Industries in association with Small Industries
