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
WFDB Calls for Action against Over Grading
Antwerp: In a signed, open letter, Ernie Blom, President of the World Federation of Diamond Bourses has warned that “overstated certification” or the practice of over grading by labs could cause a serious erosion of consumer confidence. In some cases he said, such a practice could also be construed as fraud and have criminal implications. Blom called for all member
Diamonds worth $24 Mln Smuggled Out of CAR
Bangui: Diamonds worth $24-million have been reportedly smuggled out of the Central African Republic (CAR) since the Kimberley Process suspension of exports last year, Mining Weekly reports. Seleka rebels and “anti-balaka” militia are providing security to local diamond traders, who initially pay the warring groups for safe access to diamond fields and then for ongoing protection during mining. “It’s a
Israel Diamond Week is a Value-Adding Event
Ramat Gan: The Israel Diamond Exchange (IDE) is inviting members of its 29 sister diamond bourses affiliated to the World Federation of Diamond Bourses (WFDB) to take part in the February 8-12, 2015 Winter edition of the International Diamond Week. IDE President Shmuel Schnitzer, who served as WFDB President from 1998-2004 and is also a WFDB Honorary Life President, said
Miners Unite to Market Platinum
Johannesburg: South Africa’s platinum miners have set up an international council to drive investment in the metal as prices remain stagnant, despite the five-month blow to supply earlier this year and recycling being a competitive source of metal. Anglo American Platinum (Amplats), Aquarius Platinum, Impala Platinum, Lonmin, Northam Platinum and Royal Bafokeng Platinum will each fund the council in a
Gold Festival Organized in Ahmedabad
Ahmedabad: A closing ceremony for “Swarna Utsav” (Gold Festival)– The Grand Shopping Festival was organised on 20th Oct. in Ahmedabad in presence of Mr. Om Prakash Kohli, Honorable Governor of Gujarat, Shri Shantibhai Patel, President, Jewellers Association, Ahmedabad, Mr. Rakesh Shah, President Gujarat Chamber of Commerce & Industry and Shri Somabhai Modi, Social Worker. Mr. Om Prakash Kohli, said that
Will De Beers Develop Diamond Hub in Namibia?
Windhoek: A report that was commissioned by the Namibian government stated that it does not make economic sense for De Beers to set up another diamond hub in Namibia similar to the one recently established in Botswana. Namibia was currently negotiating with the diamond giant to sell a certain percentage of gems mined in the country outside of the group’s
WTOCD Grants License for Its Polishing Machine
Antwerp: After several positive polishing tests made on industrial super hard materials (PCD, CVD, MCD, pcBN) Coborn Engineering Ltd decided to acquire a license for WTOCDs’ patented grain independent polishing technology. That license will extend existing technological cooperation between WTOCD and Coborn with the machining of diamonds materials for industrial applications. The exclusive license will be granted as of January
Gem-A Releases The Latest Journal Of Gemmology
London: The Gemmological Association of Great Britain (Gem-A) has released the latest issue of its academic publication, The Journal of Gemmology, in collaboration with the Swiss Gemmological Institute SSEF and with the support of the American Gemological Laboratories (AGL) and the Gem and Jewelry Institute of Thailand (GIT). The current issue (Vol. 34, No. 3, 2014), released on 19 October
