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 Global Losses & Firmer Rupee, Indian Gold & Silver Held Their Floors
Macro Snapshot: The selling that pushed both metals lower in the week ending 25 September came from the American bond market rather than from any bullion-specific news. S&P Global’s flash survey on 23 September put its composite output index at 58.4, the strongest reading since July 2021, with services at 58.7 and manufacturing at 56.7. On the same morning, Federal Reserve Governor Michael Barr said further policy adjustments were likely to be needed to return inflation to target. A poorly
Despite Global Losses & Firmer Rupee, Indian Gold & Silver Held Their Floors
Macro Snapshot: The selling that pushed both metals lower in the week ending 25 September came from the American bond market rather than from any bullion-specific news. S&P Global’s flash survey on 23 September put its composite output index at 58.4, the strongest reading since July 2021, with services at 58.7 and manufacturing at 56.7. On the same morning, Federal Reserve Governor Michael Barr said further policy adjustments were likely to be needed to return inflation to target. A poorly
Top News
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
India’s Jewellery Exports Jump 22% in Apr-Sept
Mumbai: Exports of gold jewellery, coins and medallions rose by 22 per cent to Rs 33,594 crore in the first half of this fiscal mainly due to RBI’s 80:20 scheme. Under the 80:20 scheme, the Reserve Bank, in August last year, had allowed nominated agencies to import gold on the condition that 20 per cent of the import would be
Four Leaders Join Board of Directors of PDE
Panama: The Panama Diamond has announced that four key leaders of the international diamond and jewelry industries have joined the Board of Directors of the Panama Diamond Exchange. They are Roberto Coin, the world renowned Italian jewelry designer and manufacturer; Maxim Shkadov, President of the International Diamond Manufacturers Association; Shmuel Schnitzer, President of the Israel Diamond Exchange; and Reuven Kaufman,
India's Gold Jewellery Imports Jump 10% in Q1
Mumbai: India’s gold jewellery imports surged 10 per cent to Rs. 696.44 crore in the first quarter of this fiscal as high premium on the yellow metal following tough import norms forced traders to get finished jewellery from abroad, the Gems and Jewellery Export Promotion Council (GJEPC) has said. However, import of gold bars declined marginally by 3.32 per cent
More Than 200 Buyers Registered for Diamond Week
Ramat Gan: More than 200 foreign buyers are registered already for participation in the International Diamond Week (IDW) that will be held September 1-4 at the Israel Diamond Exchange (IDE). They will come face-to-face with more than 350 diamond firms which will exhibit their diamond stocks in the IDE’s trading hall. Since the IDW is a joint effort of the
KP Wants Firm Action on CAR Conflict Diamond Trade
Shanghai: Kimberley Process Certification Scheme members are upset by reports that conflict diamonds being extracted in the Central African Republic and are finding their way into the legitimate global diamond trade. After an inter-sessional meeting in Shanghai in June, the KPCS resolved to take action to stem the spillover of diamonds from the CAR, Israelidiamond.co.il reported. The KPCS determined that
