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 Global Losses & Firmer Rupee, Indian Gold & Silver Held Their Floors
Macro Snapshot: The selling that pushed both metals lower in the week ending 25 September came from the American bond market rather than from any bullion-specific news. S&P Global’s flash survey on 23 September put its composite output index at 58.4, the strongest reading since July 2021, with services at 58.7 and manufacturing at 56.7. On the same morning, Federal Reserve Governor Michael Barr said further policy adjustments were likely to be needed to return inflation to target. A poorly
Despite Global Losses & Firmer Rupee, Indian Gold & Silver Held Their Floors
Macro Snapshot: The selling that pushed both metals lower in the week ending 25 September came from the American bond market rather than from any bullion-specific news. S&P Global’s flash survey on 23 September put its composite output index at 58.4, the strongest reading since July 2021, with services at 58.7 and manufacturing at 56.7. On the same morning, Federal Reserve Governor Michael Barr said further policy adjustments were likely to be needed to return inflation to target. A poorly
Top News
De Beers Briefs NY Banking Community
New York: Rough diamond supplies are likely to plateau by 2020 and then significantly decline during the following decade, according to Howard Davies, the head of commercial development for De Beers, who briefed members of the New York banking community recently about fundamentals affecting the state of the diamond market. Estimated global rough production, according to De Beers projections, will
DDC, IDE Create 'Diamond Supply Platform'
New York: The Diamond Dealers Club (DDC) of New York and the Israel Diamond Exchange (IDE) are creating an unparalleled “Diamond Supply Platform” on the trading floor of the DDC, at a time that North American diamond buyers need it most, DDC’s president, Reuven Kaufman, and IDE’s president, Shmuel Schnitzer, said in a joint statement recently. The two pledged to
Gem-A Confirms Two New Conference Speakers
London: The Gemmological Association of Great Britain (Gem-A)) has announced two new extra-special speakers for the Gem-A Conference 2014 from 1 – 4 November at the Business Design Centre in Islington. Joining the confirmed group of 13 top-international speakers, world-renowned specialist Dr Franz Herzog will run two exclusive workshops on Chemical Analysis using a portable Energy Dispersive X-Ray Fluorescence device
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
Tanzanite Foundation Shutting Down
New York: The New York City–based Tanzanite Foundation will cease operations on Aug. 31. Tanzanite Foundation executive director Hayley Henning confirmed to JCK this week that the 11-year-old promotional agency for tanzanite will close at the end of August. Formed by miner TanzaniteOne, the nonprofit foundation has served all ethical and socially responsible operators and partners in the tanzanite industry,
New York Orders Comprehensive Ivory Ban
New York: New York’s Governor Andrew Cuomo signed legislation yesterday that amends the state’s environmental law to ban elephant ivory, mammoth ivory and rhino horn sales in New York. This state legislation enhances federal efforts to tighten the ivory trade ban on a federal level. Under the law, this permanent ban on the sales of these products has only a
Gemfields Reports Auction Revenues of $15.5 Million
Lusaka: Gemfields plc reported auction revenues of $15.5 million, the second highest achieved at any lower quality auction, of its auction of mostly lower quality rough emerald and beryl held in Lusaka, Zambia, from August 5 to 8. Excluding the sale of 1.5 tonnes of low grade beryl, the average realized price was $3.61 per carat, a new record for
Viewing of 122.52-Ct Blue Diamond to Start Soon
Johannesburg: Petra Diamonds will shortly start the viewing process for the sale of the exceptional 122.52-carat blue diamond that it recovered in June at the Cullinan mine in South Africa. The viewing process will open on Monday, August 18, and will close on Friday, September 12, when offers from prospective buyers are to be submitted. Appointments to view the stone
