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
India Planning Diamond Hub in Mumbai
New Delhi: The government is discussing a plan to set up a special zone with tax benefits for diamond import and trading in Mumbai, to try and develop the country’s financial capital as a rival to Antwerp and Dubai, which are currently trading hubs for the precious stone, reports The Times of India. Commerce & industry minister Nirmala Sitharaman held
Reports about Diamond Discount Baseless: GJEPC
Mumbai: The GJEPC issued a strong rebuttal of media reports that Indian diamond companies were offering discounts of between 5 % to 20% as a fall-out of the closure of the Antwerp Diamond Bank (ADB) saying that the reports were “not only false but also baseless with news being reported without substantial understanding of the functionary guidelines of bank’s trade
Tendulkar Presents Cricket Kits to Kids on Behalf of Jewellers For Hope
Mumbai: Iconic cricketer Sachin Tendulkar today presented complete cricket kits to six children suffering from life threatening medical conditions on behalf of Jewellers for Hope and Make a Wish Foundation, India. The presentation took place at the residence of the cricketing legend on October 9. Colin Shah and Ashish Kothari represented the Jewellers for Hope and Deepak Bhatia, CEO attended
Zimbabwe Diamond Conference from 6th Nov 2014
Harare: The Second Zimbabwe Diamond Conference to take place next month will present the progress made by the country’s diamond industry following its admission as a member of the Kimberley Process Certification Scheme (KPCS) in 2011. The inaugural Zimbabwe Diamond Conference took place at Victoria Falls in November, 2012. The importance to the global diamond industry of the developing Zimbabwe
WFDB Calls for Action against Over Grading
Antwerp: In a signed, open letter, Ernie Blom, President of the World Federation of Diamond Bourses has warned that “overstated certification” or the practice of over grading by labs could cause a serious erosion of consumer confidence. In some cases he said, such a practice could also be construed as fraud and have criminal implications. Blom called for all member
Diamonds worth $24 Mln Smuggled Out of CAR
Bangui: Diamonds worth $24-million have been reportedly smuggled out of the Central African Republic (CAR) since the Kimberley Process suspension of exports last year, Mining Weekly reports. Seleka rebels and “anti-balaka” militia are providing security to local diamond traders, who initially pay the warring groups for safe access to diamond fields and then for ongoing protection during mining. “It’s a
Israel Diamond Week is a Value-Adding Event
Ramat Gan: The Israel Diamond Exchange (IDE) is inviting members of its 29 sister diamond bourses affiliated to the World Federation of Diamond Bourses (WFDB) to take part in the February 8-12, 2015 Winter edition of the International Diamond Week. IDE President Shmuel Schnitzer, who served as WFDB President from 1998-2004 and is also a WFDB Honorary Life President, said
Miners Unite to Market Platinum
Johannesburg: South Africa’s platinum miners have set up an international council to drive investment in the metal as prices remain stagnant, despite the five-month blow to supply earlier this year and recycling being a competitive source of metal. Anglo American Platinum (Amplats), Aquarius Platinum, Impala Platinum, Lonmin, Northam Platinum and Royal Bafokeng Platinum will each fund the council in a
