We Wish to Build Globally Relevant SKY Gold: Akash Talesara
Israel’s Diamond Industry Under Severe Pressure
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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
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GJEPC & US Delegation Discuss G&J Concerns
Mumbai: Mr. Charles Rivkin, Assistant Secretary, Bureau of Economic & Business Affairs, USA, along with a high level delegation held discussions with the key Gem & Jewellery Associations of India on Saturday at the Bharat Diamond Bourse (BDB). The visit aimed at interaction with key associations to understand the current state of Indo-US Gems & Jewellery Trade presented to him
GJEPC Wins Government Award
New Delhi: India’s Gem & Jewellery Export Promotion Council was one of the winners of a prestigious award from the Ministry of Commerce, Government of India for promotion of the use of the official language of the government, Hindi, in its work during the year 2013-14. The awards were distributed by the Commerce Secretary Rajeev Kher and received on behalf
SGL signs MoU with Nepal Gem & Jewellery Asso
Kathmandu: Solitaire Gemmological Laboratories (SGL) headquartered London with laboratories in Dubai and nine locations in India, signed a MoU with the Nepal Gem & Jewellery Association (NEGJA) to start an SGL laboratory in Kathmandu. This will be the first international laboratory to enter the Nepalese market and form a strategic alliance with an association. The NEGJA is the largest jewellery
KP Could not Elect Vice-Chair '15
Guangzhou: The vote at the plenary meeting of the Kimberley Process (KP) in Guangzhou, China, which ended yesterday for the country to serve as Vice Chair for 2015 ended in deadlock. With Angola set to become Chair on January 1, Dubai and Australia were the candidates for the position of Vice Chair. A source at the meeting said that among
Diamond Circle Launches First Bitcoin ATM
Brisbane: Bitcoin ATM maker Diamond Circle has installed its first kiosk at a cafe in Queensland, Australia. The new unit is located at the Bluff Cafe at Burleigh Heights, by the Gold Coast’s Surfers Paradise. The company describes its machine, unveiled earlier this year, as the first “cashless bitcoin ATM” kiosk to hit the market. The Diamond Circle ATM works
Gold Smuggling into India Hits New Record Highs
Mumbai: Customs officials at India’s main airports are failing to curb the increasing number of gold smuggling cases, as about 50 tonnes of the precious metal reportedly made it into the country only in the past 10 days. According to a report in the Hindustan Times earlier this week, the peak is tied to the seasonal increased demand related to
India’s Two Biggest Diamonds to Be Auctioned
Bhopal: National Mineral Development Corporation (NMDC) of India may take two of its biggest ever diamonds, produced from Panna mines in Madhya Pradesh, for auction in Belgium after having failed to get potential buyers despite repeated attempts, reports The Times of India. Last auction was held in Panna district, which concluded on Wednesday. Panna diamonds – a 37.68 carat and
'Ship of Gold' Recovered
New York: Some 15,500 gold and silver gold coins, 45 gold bars, and 61 pieces of gold jewelry have been recovered from the SS Central America, the famed Ship of Gold that sank in 1857. Odyssey Marine Exploration, the Tampa, Fla.–based company that earlier this year won the right to excavate the doomed vessel and keep 45 percent of the
