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
Surat to Get De Beers' 1st Research Institute
Surat: With the diamond consumers in the country accounting for the third largest share in the global polished diamond demand, a fiery competition is all set to start in the diamond certification business, reports The Times of India. De Beers, the world’s biggest mining company, has zeroed in on Surat to set up its International Institute of Diamond Grading and
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
GJEPC’s Investment-plans for Make in India
New Delhi: On the heels of the recently concluded World Diamond Conference, a highly successful and globally appreciated conclave, Gems & Jewelry Export Promotion Council (GJEPC), the apex body of gems and jewellery exports in India, presents a memorandum outlining the 1 year and 3 year action plan for the gem and jewellery sector. The memorandum is a conclusive action
No De Beers Office in India
Mumbai: De Beers, the global diamond mining company, says it has no plan to open a trading office in India. “The auction sales customers in India are serviced out of either Dubai or Antwerp,” said a spokesperson, to a Business Standard query. The Gems and Jewellery Export Promotion Council (GJEPC) had been pressing the central government to declare a large
Weak Ruble to Benefit Indian diamond Trade
Mumbai: The Indian diamond processing industry, the largest in the world, will benefit from the sliding Russian ruble which in the recent past has declined to even below 60 rubles per US dollar. It is estimated to have depreciated 40 per cent in 2014. By a happy coincidence, in early December, leading Indian diamond processors officially tied up with Russia’s
LUKOIL Plans to Produce 2 Mln Cts of Rough in '15
Moscow: It is expected that LUKOIL will produce up to 1.4 million carats of diamonds this year, and the next year’s production will increase by 40% to 2 million carats. The diamond business is not a strategic asset for LUKOIL, but the company is not currently seeking a buyer for its non-core diamond assets. However, Vagit Alekperov, the head of
