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 Exploring Diamond Mine Acquisitions
Beijing: Chow Tai Fook Jewellery Group Ltd. (1929) is considering acquiring stakes in diamond mines to secure long-term supply of the gems as it targets growing demand for diamond jewelry in China, reports Bloomberg.com. Several mines around the world have asked Chow Tai Fook to invest, and the company has looked at some Canadian ones, Executive Director Adrian Cheng said
New Surat Diamond Bourse to Come up at Khajod
Surat: The most awaited project of proposed Surat Diamond Bourse has recently got a fillip as the Gujarat government has principally agreed to allot a plot at Khajod, said Mr. Pravin Nanavati, the former president of Southern Gujarat Chamber of Commerce & Industry (SGCCI). The proposed bourse would be spread over 300 acres plot and probable the largest in the
Surat to Become Diamond Trading Centre Soon
Surat: The Union government has given an in-principal approval to India’s first ‘diamond notified region’ in the diamond city of Gujarat. This will enable diamond mining companies from across the world to set-up rough diamond trading offices for direct trading with companies based in Surat and Mumbai, reports The Times of India. A delegation of Gujarat government met the Union
Putin Invited to Visit Surat
Surat: Surat mayor Niranjan Jajmera and the South Gujarat Chamber of Commerce and Industry (SGCCI) president, Mahendra Katargamwala, have formally invited Russian President Vladimir Putin to visit the diamond city during his India tour in December. Formal invites on behalf of the mayor and the SGCCI have been sent through the office of the Russian Ambassador in India, official sources
Lucapa Recovers Rare 170ct Pink Diamond
Luanda: Lucapa Diamond has recovered a rare 170-carat pink Type IIa diamond from its 40%-owned Lulo alluvial mine, in Angola.The stone named “The Lulo Rose” is believed to be the largest pink diamond recovered in the last 300 years. This pink diamond is also the fifth largest diamond recovered to date on the Lulo concession. The 404 carat “4th February
Nirav Modi's Assets Worth Rs. 350 Crores Attached by ED
New Delhi: The Enforcement Directorate Friday said it has attached gems, jewellery and bank deposits worth Rs 253.62 crore of companies linked to fugitive diamond merchant Nirav Modi as part of a money laundering probe. All these moveable assets are in Hong Kong, the agency said in a statement. Some assets of Nirav Modi group of companies in Hong Kong
PGI India Felicitates ‘Platinum Season of Love 2022’ Award Winners
Bengaluru: Following the tremendous success of four previous editions, Platinum Guild International (PGI) India brought back its annual flagship retail initiative – Platinum ‘Season of Love’. In its fifth edition, the month-long programme that spanned from 5th May 2022 to 5th June 2022, infused fresh vigor & excitement amongst PGI partners, while bolstering the overall consumer retail demand for platinum.
IIJS Premiere 2022 All Set to Start from 4th August
Mumbai: IIJS Premiere 2022, the most coveted show of the year, is all set to welcome buyers and visitors from across India and different parts of the world from 4th to 8th August 2022 at Bombay Exhibition Centre, Goregaon, Mumbai. This 38th edition of IIJS Premiere will witness more than 1700 exhibitors, showcasing a range of products including Gold &
