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 Collapsing Hike Odds, Rising Yields Kept Indian Gold, Silver Below Their Floors
Snap Shot: Most of the damage in the week ending 2 October landed before the good news arrived, and the good news then failed to repair it. August core PCE inflation, released on 30 September, rose 3.0% from a year earlier against expectations of 3.3%, helped partly by methodology changes at the Bureau of Economic Analysis. September payrolls on 2 October then added just 29,000 jobs against forecasts near 90,000, with unemployment at 4.2% and August revised down to 133,000
Despite Collapsing Hike Odds, Rising Yields Kept Indian Gold, Silver Below Their Floors
Snap Shot: Most of the damage in the week ending 2 October landed before the good news arrived, and the good news then failed to repair it. August core PCE inflation, released on 30 September, rose 3.0% from a year earlier against expectations of 3.3%, helped partly by methodology changes at the Bureau of Economic Analysis. September payrolls on 2 October then added just 29,000 jobs against forecasts near 90,000, with unemployment at 4.2% and August revised down to 133,000
Top News
Platinum Supply Declined by 27%
Johannesburg: Platinum is set to see a global shortfall of 885,000 ounces in 2014, 27 percent more than in 2013, according to a quarterly report by World Platinum Investment Council (WPIC). The sharp drop in supply comes mainly from a 31 percent fall in mining supply from South Africa, largely attributed to the five-month strike which hit the South African
Chow Tai Fook Celebrates 85th Anniversary
Beijing: Chow Tai Fook Jewellery Group Ltd., a world-class leading jeweler with 85 years of heritage, on November 28, staged its finale anniversary celebration with a special high jewellery show and exhibition. Hosted by Dr. Henry Cheng, the group’s chairman, the celebration gala drew luminaries from the worlds of jewelry, fashion, business and media. At the gala night, Chow Tai
ZMDC Asked to Publish Financial Statements
Harare: Government of Zimbabwe has given a directive to the Zimbabwe Mining Development Corporation to publish its financial statements in a bid to ensure transparency and accountability. ZMDC is a State-owned mining company which has investments in most of the major mining sub-sectors in the country, as reported by The Herald. The ZMDC, a state-owned entity that is under U.S.
India may Review Gold Import Norms
Mumbai: Reserve Bank of India (RBI) Governor Raghuram Rajan said the decision to scrap a rule mandating traders to export 20 percent of all gold imported into the country was a “reasonable” one and the government will review its gold import policies. The RBI held interest rates steady as widely expected at its policy review on Tuesday, but said it
Platinum is Prominent Choice of Young India
The never-ending attraction for jewellery can certainly not be measured, as it’s always been an essential part of India’s ethos through history and culture. The relationship and need that the young consumer has with jewellery today is very strong; indicates a recent Platinum Guild International qualitative research, conducted across 7 metros in India with over 250 women to understand Indian
SA Platinum Producers to Launch Promotion Body
Johannesburg: South African platinum producers are planning to launch an industry body to promote investment demand for the precious metal in the coming months aimed at boosting sales in the face of falling prices, industry and banking sources said. The new body, to be called the World Platinum Investment Council, is likely to be based in London or Johannesburg, the
Angola Tips Zimbabwe for KP Chair
Harare: Angola said when presented with an opportunity to chair the Kimberley Process (KP), Zimbabwe should make a bid, as the African continent will support it as a candidate. The global diamond trade watchdog was established in 2003 in Kimberley, South Africa to stem the illicit trading of gems. Member countries chair the organization on a rotational basis for a
WDC Presi Advices KP Plenary
Guangzhou: “We should always remember that millions of people are depending on the well-being of the diamond industry for their livelihoods. From the miners and their families in the producing countries, through to the polishing and trading centers, the jewelry manufacturers and the retailers, we all need to face the future and contribute together to make the diamond world a
