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
GIA Drops Fees on Synthetics Screening
New York: Gemological Institute of America (GIA) has dropped fees on its screening services for smaller diamonds to check if they are treated or synthetic. The service screens parcels of D-to-Z diamonds and colored diamonds up to 0.2 ct. The new fee structure reduces the existing per-stone fee from $12 to $10 for diamonds between 0.06 and 0.2 ct. and
About 200 Tonne Gold may Enter India Illegally
New Delhi: The World Gold Council (WGC) speculates that out of India’s total gold import demand in 2014, almost 20 per cent would be served through the grey market. “The total demand in 2014 is estimated to be between 850-950 tonnes, out of which upwards of 200 tonnes is likely to be served by the grey market,” said Somasundaram PR,
ALROSA Mulls Partnering with Jewelers
Moscow: ALROSA is considering the option of attracting renowned jewelry producers as strategic partners for its cutting and polishing facilities, the company reported. The announcement followed an executive committee meeting which looked at prospects for the development of its cutting and polishing business. The company did not specify which strategic partners in the diamond sector it was considering. However, ALROSA’s
Antwerp to Mark 30 Years of Ties with Shanghai
Antwerp: Antwerp’s two major export industries, diamonds and designer wear, are joining forces to celebrate the 30th anniversary of the ties between the city and Shanghai. The Antwerp World Diamond Centre (AWDC) and BVBA 32, the financial force behind fashion designers Ann Demeulemeester, Haider Ackermann and Jean-Paul Lespagnard, will be organizing an exclusive diamond evening with a fashion show in
Prakash Mehta New President of IDCA
New York: The Indian Diamond & Color stone Association Inc. (IDCA) announced results of its elections for the board of directors and the group unanimously elected a new executive committee for the year 2015. Prakash Mehta of Interings Inc. was elected as IDCA’s president, while Ashok Sancheti of Pioneer Gems was reelected as vice president; Nilesh Sheth of Nice Diamonds
New Diamond Manufacturing Plant in Israel
Ramat Gan: A unique diamond manufacturing facility will be inaugurated during the International Diamond Week, February 8-12, 2015. A joint initiative of the Israel Diamond Exchange (IDE), the Israel Diamond Manufacturers Association (IsDMA) and the Israel Diamond Institute (IDI), the plant provides independent diamond manufacturers with ultra-modern diamond manufacturing facilities and also serves to train a new generation of diamond
ALROSA Profits May Decline 2.6 Times in 2014
Moscow: ALROSA, the world’s largest diamond miner by carat, predicts that its profits will decline 2.6 times in 2014 (going down by RUB 21.8 billion) to RUB 13.7 billion versus 2013, mainly due to the weakening of the ruble. This was reported by TASS citing the statement made by Ilya Ryaschin, Acting President of ALROSA during a meeting held in
India's Polished Diamond Exports +11% in Nov
Mumbai: India’s polished diamond exports jumped 10.8 percent year on year to $1.559 billion in November, according to preliminary data from the Gem & Jewellery Export Promotion Council. By volume, exports rose 41.8 percent to 2.59 million carats. Polished imports, meanwhile, surged 124.9 percent to $882 million, leaving net exports down 5 percent at $677 million. Rough imports rose 35.6
