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
IIGJ Appoints Dr. Seema Shah as Head for Mumbai
Mumbai: Dr. Seema Shah has been appointed as the Head at IIGJ Mumbai with effect from September 22, 2014. The Indian Institute of Gems & Jewellery (IIGJ) is a project of the Gems and Jewellery Export Promotion Council (GJEPC) sponsored by the Ministry of Commerce and Industry, Government of India. The previous Principal Col. Arora has stepped down due to
SA Minister to Address Second ZDC
Harare: South Africa’s Minister of Mineral Resources, Mr Ngoako Ramatlhodi, will speak at the Second Zimbabwe Diamond Conference (ZDC) to take place next month about the huge contribution of mining to the economies and societies of South Africa and Zimbabwe and the need to responsibly manage resources. Mr Ramatlhodi will be a keynote speaker at the event, along with mining
Large Diamonds Mined at Stellar’s Site in Guinea
Conakry: Stellar Diamonds, the mining company focused on sites in West Africa has reported that processing of the first kimberlite sample from the Baoulé trial mining project in Guinea has yielded two gen quality diamonds of over 5 carats, one stone more than 3 cts and three diamonds of over 1 carat. It said that this “suggests that Baoulé has
Will Russia be Affected by Possible Sanctions?
Moscow: Possible Western sanctions targeting Russia’s diamond export won’t significantly harm the national economy, says Gokhran head Andrey Yurin. “We are one of the main producers, if we withdraw from Western market the first ones to be damaged are their local companies – they will be out of job,” said Yurin to Rossiyskaya Gazeta. “Besides, we should remember that diamonds
Zimbabwe Eyes More Antwerp Diamond Auctions
Harare: Zimbabwe is set to conduct diamond auctions in Antwerp, Belgium, before it convenes its own domestic exchange in November this year. The Herald newspaper quoted mines and mining development minister Walter Chidhakwa as saying that Harare was looking at one or two auctions in Antwerp between now and November. He also said that the planned local auction would coincide
India's Silver Demand Down by 75%
Mumbai: The demand for Silver in India has fallen rapidly since the start of the current fiscal year, said Indian Bullion and Jewellers Association (IBJA) in its latest report. The association cites scarce monsoon and buoyant stock markets as the key factors that led to the sudden drop in demand for Silver in the country, reports metal.com. The country’s silver
Grib Diamonds NV to Auction First Production in Antwerp
Antwerp: Grib Diamonds NV, a 100% owned subsidiary of OAO LUKOIL, announced that on September 23, 2014, it will hold a first auction of rough diamonds from the diamond mine named after V. Grib in Arkhangelsk region (Russian Federation), according to a press release issued by the Company. Grib Diamonds will hold diamond viewings from September 15, 2014, in Antwerp,
Air India Conducts Survey in Surat
Surat: The Air India (AI) has started a fresh survey to assess passenger traffic potential from Surat towards Mumbai, Delhi and Bangalore, reports The Times Of India. A team of AI officials led by general manager Mukesh Bhatia was in the city to meet members of trade and commerce, Surat Diamond Association (SDA), Southern Gujarat Chamber of Commerce and Industry
