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
Zimbabwe Pilot Local Diamond Auction Fails
Harare: In the beginning of October Zimbabwe opened its diamond tender in Harare. A large-scale local auction was schedule for early November to coincide with the country’s bi-annual diamond conference. The Herald newspaper reports that the gems “went for a song” after international buyers bought them at ‘half’ the international price. The daily claimed that questions had been raised on
Shanghai Mission Great Success for Antwerp
Antwerp: The Belgian city of Antwerp and the Chinese city of Shanghai celebrated the 30th anniversary of their sisterhood ties with a spectacular fashion show in Shanghai, completely accessorized with diamonds. The exclusive evening was organized by the Antwerp World Diamond Centre. Antwerp diamond traders traveled to Shanghai and seized the opportunity to network with the Chinese diamond traders present
Smaller Sights in October
Gaborone: Rough diamond sights held by De Beers and Alrosa in October were relatively small, particularly in light of the De Beers Sights held this year that have been in excess of $700 million. The Sight reflected the fact that Indian diamond manufacturers will be closing down for at least three weeks from around October 20, while some plants will
AWDC is Aware of The Impact of Closing of ADB
Antwerp: The Antwerp World Diamond Centre (AWDC) is aware of the impact of the closing down of the Antwerp Diamond Bank. Sound and reliable financing are a critical factor for a successful diamond trade in Antwerp, AWDC said. It is making all possible efforts to guarantee a sustainable solution and is in constant consultation with ADB. As a result, a
CIBJO and IGDA Sign an Agreement
Birmingham: The World Jewellery Confederation (CIBJO) and the International Grown Diamond Association (IGDA) have agreed to work together in protecting the confidence of consumers in both jewellery products and the jewellery industry, through the transparent development of standards, operating principles and terminology. The agreement was formalised on June 25, 2023, as a Memorandum of Understanding (MOU), signed by Gaetano Cavalieri,
Modi Gifts LGD to Jill Biden
Mumbai: India Prime Minister Mr. Narendra Modi’s gift of a lab-grown 7.5-carat “green” diamond to the US President Joe Biden and First Lady Dr. Jill Biden during his state visit to the US serves as an endorsement of India’s prowess and leadership in the lab-grown diamond sector. By selecting an Indian lab-grown diamond for such a prestigious occasion, PM Modi
India Takes Steps to Revive Jewellery Exports
Mumbbai: The Gem & Jewellery Export Promotion Council (GJEPC) has been actively addressing the concerning decline in India’s gem and jewellery exports, which witnessed a significant drop of 36% in April and 16% in May (in dollar terms). To counter this downward trend, the GJEPC has made multiple representations to the Government of India, urging it to prioritise and support
Gift Forevermark Cufflinks on Father’s Day
Mumbai: With Father’s Day just around the corner, it’s time to appreciate the role fathers play in our lives with a gift that speaks to their personal style and enduring presence. A pair of exquisitely crafted cufflinks from the De Beers Forevermark Icon™ Collection holds the perfect symbolism to mark this occasion. The cufflinks from this collection shine brilliantly like stars
