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
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
India’s Jewellery Exports Up 36% in September
Mumbai: September was a good month for Indian exporters with significant increases in the exports of cut & polished diamonds and gold jewellery (plain & studded), the two largest segments in the g & j sector. Exports of cut & polished diamonds from the country during the month were up 11.19% year on year to US$ 2,663.66 mn from US$
Petra Sells 232-Ct. Rough Diamond for $15M
London: Petra Diamonds Ltd. sold an exceptional 232.08-carat white diamond that was recovered from the Cullinan mine in South Africa in September to Diacore for $15,219,219 or $65,577 per carat. Johan Dippenaar, the CEO of Petra Diamonds, said, “We are delighted to have achieved the sales result for this exceptional white stone, which is an outstanding example of the very
Rough Prices May See 5-10% Correction
Mumbai: Even as diamond companies are starved of funds, with Antwerp Diamond Bank (ADB) shutting shop in India and Standard Chartered Bank reducing exposure, a correction in the prices of rough and polished diamonds is likely, reports Business Standard. Vipul Shah, chairman of the Gem and Jewellery Export Promotion Council (GJEPC), said, “The prices of both rough and polished diamonds
Gem Sells Letšeng’s 198 Ct Diamond For $10.6m
London: Gem Diamonds has racked-in $10.6 million from the sale of a 198 ct white diamond recovered end of July from its 70 percent-owned Letšeng mine, in Lesotho. It said in a brief statement emailed to Rough & Polished that the Type II, D colour diamond attracted a price of $53 746/ct. “The sale of this large, high-quality white diamond
Buddha Diamond Cut to be Exhibited at ADTF
Antwerp: Diamond manufacturers are always looking for ways to innovate and bring new and better products into the market. One of the roads well-travelled toward innovation is the introduction of a new diamond shape or cut. But while Antwerp has seen its share of newly introduced modified cuts, it is not often that we encounter something unusual such as the
Statement by E.G.L. Platinum
Ramat Gan: Menahem Sevdermish and Avi Meirom, the founding owners of the EGL Platinum laboratory, have issued the following statement in response to the RapNet and Polygon press releases, respectively distributed on September 9 and 15, 2014, regarding the delisting of EGL diamond certificates. EGL Platinum supports RapNet’s and Polygon’s intentions to sanction any laboratory that issues over-graded certification, undermining
