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
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
Gem Sells Letšeng’s 198 Ct Diamond For $10.6m
London: Gem Diamonds has racked-in $10.6 million from the sale of a 198 ct white diamond recovered end of July from its 70 percent-owned Letšeng mine, in Lesotho. It said in a brief statement emailed to Rough & Polished that the Type II, D colour diamond attracted a price of $53 746/ct. “The sale of this large, high-quality white diamond
Buddha Diamond Cut to be Exhibited at ADTF
Antwerp: Diamond manufacturers are always looking for ways to innovate and bring new and better products into the market. One of the roads well-travelled toward innovation is the introduction of a new diamond shape or cut. But while Antwerp has seen its share of newly introduced modified cuts, it is not often that we encounter something unusual such as the
Statement by E.G.L. Platinum
Ramat Gan: Menahem Sevdermish and Avi Meirom, the founding owners of the EGL Platinum laboratory, have issued the following statement in response to the RapNet and Polygon press releases, respectively distributed on September 9 and 15, 2014, regarding the delisting of EGL diamond certificates. EGL Platinum supports RapNet’s and Polygon’s intentions to sanction any laboratory that issues over-graded certification, undermining
Tim Schlick Appointed CEO of PGI
Hong Kong: Tim Schlick has been appointed Chief Executive Officer of Platinum Guild International (PGI) after nine years with the organisation. He succeeds long serving CEO Huw Daniels, who retired as of April 4, 2024, transferring full responsibility for PGI to Mr. Schlick at that time. Having been a valued member of PGI since 2015, Mr. Schlick joined PGI as
Anglo Considers Sale of Diamond Unit De Beers
London: Anglo American has already been talking to potential buyers for De Beers, according to a report by the Wall Street Journal. It says the UK-based mining conglomerate has spoken in recent weeks to luxury houses and Gulf sovereign-wealth funds. A partnership between could emerge as the final buyer for its diamond business, according to unnamed sources. The news comes as
NDC Announces the Latest Jewellery Trends
Mumbai: The Natural Diamond Council (NDC) unveiled a fresh perspective on luxury with the announcement of the latest jewellery trends for 2024. While the word ‘Trend’ when applied to natural diamond jewellery is paradoxical due to its inherent timelessness, what remains true in fashion is the preference for every silhouette and style sees a cyclical pattern; what is in vogue
AEO Status Extended to Gem & Jewellery Sector
New Delhi: The Gem & Jewellery Export Promotion Council (GJEPC) has announced a significant milestone for the gem and jewellery industry in India. Following extensive efforts by the GJEPC in collaboration with the Ministry of Finance, the Authorized Economic Operator (AEO) status is now being extended to the gem and jewellery sector. The AEO programe was introduced as piolet project
