We Wish to Build Globally Relevant SKY Gold: Akash Talesara
Israel’s Diamond Industry Under Severe Pressure
Did Natural Diamond Ind. Misjudge LGD Threat?
Why Did Gold & Silver Break Down Just as Fed Hike Bets Faded
Macro Snapshot: The rate backdrop eased during the week ending 23 October, which makes the metals’ slide harder to explain. CME FedWatch odds of a hike at the 27 to 28 October FOMC meeting had settled near one in three on 14 October, after the 3.7% September CPI print, and stood at 9.4% by 23 October. December hike odds slipped from about 90% to close to 80%. The 10-year Treasury yield closed at 5.00% against 5.09% a week earlier, and
Why Did Gold & Silver Break Down Just as Fed Hike Bets Faded
Macro Snapshot: The rate backdrop eased during the week ending 23 October, which makes the metals’ slide harder to explain. CME FedWatch odds of a hike at the 27 to 28 October FOMC meeting had settled near one in three on 14 October, after the 3.7% September CPI print, and stood at 9.4% by 23 October. December hike odds slipped from about 90% to close to 80%. The 10-year Treasury yield closed at 5.00% against 5.09% a week earlier, and
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Kalyan Jewellers Raises $196M from Warburg Pincus
Mumbai: Kalyan Jewellers India Pvt. Ltd, a Kerala-based jewellery retailer, has raised Rs 1,200 crore ($195.6 million) from private equity firm Warburg Pincus, which also marks the second biggest bet on an Indian company ever by the PE firm, reports vccircle.com. In a separate filing with Competition Commission of India (CCI), Warburg Pincus had said it is acquiring 24 per
Gold Festival Organized in Ahmedabad
Ahmedabad: A closing ceremony for “Swarna Utsav” (Gold Festival)– The Grand Shopping Festival was organised on 20th Oct. in Ahmedabad in presence of Mr. Om Prakash Kohli, Honorable Governor of Gujarat, Shri Shantibhai Patel, President, Jewellers Association, Ahmedabad, Mr. Rakesh Shah, President Gujarat Chamber of Commerce & Industry and Shri Somabhai Modi, Social Worker. Mr. Om Prakash Kohli, said that
Will De Beers Develop Diamond Hub in Namibia?
Windhoek: A report that was commissioned by the Namibian government stated that it does not make economic sense for De Beers to set up another diamond hub in Namibia similar to the one recently established in Botswana. Namibia was currently negotiating with the diamond giant to sell a certain percentage of gems mined in the country outside of the group’s
WTOCD Grants License for Its Polishing Machine
Antwerp: After several positive polishing tests made on industrial super hard materials (PCD, CVD, MCD, pcBN) Coborn Engineering Ltd decided to acquire a license for WTOCDs’ patented grain independent polishing technology. That license will extend existing technological cooperation between WTOCD and Coborn with the machining of diamonds materials for industrial applications. The exclusive license will be granted as of January
Devendra Fadnavis Inaugurates G&J Training & Skilling Centre
Ratnagiri: Mr. Devendra Fadnavis (Hon’ble Deputy Chief Minister of Maharashtra) and Mr. Uday Samant (Hon’ble Minister of Industries) inaugurated a gem and Jewellery (G&J) training & skilling center in Ratnagiri. This initiative has been spearheaded by the apex trade body Gem & Jewellery Export Promotion Council (GJEPC) sponsored by the Union Ministry of Commerce & Industry. As India is being
Pact with EFTA to Triple G&J Exports
Mumbai: The Trade and Economic Partnership Agreement (TEPA) between India and European Free Trade Association (EFTA) has opened immense opportunities for Indian gem and jewellery (G&J) sector to enhance its exports to the untapped EFTA countries especially to Switzerland. EFTA countries have removed customs duties on the entire chapter 71 (Gem and Jewellery products) enabling Indian exporters of G&J to
Celebrities Shine in Platinum Jewellery at Academy Awards
Mumbai: The glamour of Hollywood soared to new heights as movie stars wore exquisite jewellery designs set in platinum to the 96th Academy Awards. From drop earrings to line bracelets and colorful rings, platinum was the metal of choice for celebrities as they celebrated their achievements at the world’s most famous awards show. The most prominent platinum jewellery trends at
WFDB Concludes Successful Presidents’ Meeting
Ramat Gan: The World Federation of Diamond Bourses (WFDB) concluded its annual Presidents’ Meeting for 2024, held in Shanghai, China. The three-day meeting explored the most pressing issues facing the world diamond industry – the G7 restrictions, synthetic diamonds, and the lackluster Chinese market — with expert panels, speeches, and discussions. The Presidents’ Meeting was held at the new Shangrila
