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
DDE Holding Sale of Rough from Kao Mine
Dubai: The Dubai Diamond Exchange (DDE) is hosting the Fusion/Hennig September Kao rough diamond tender for the first time. It started on September 21 and ends on Wednesday and offers the full run-of-mine production of the Kao mine located in Lesotho. It comprises more than 30,000 carats of rough, encompassing the full range of sizes and assortments, including large and
Gemfields Records $16M Profit
London: Gemfields plc. reported that revenue rose to $160.1 million for the fiscal year that ended on June 30, far surpassing revenue of $48.4 million one year earlier. The integrated gemstone mining company’s profit surged to $16.3 million compared with a loss of $22.8 million. Gemfields held cash of $36.8 million on June 30 and it estimated that inventory on
Zac Posen & Fabrikant-Tara Int'l Sign Partnership
Mumbai: Zac Posen, luxury apparel and accessories brand, and Fabrikant-Tara International, luxury diamond and gemstone wholesale company have announced their partnership to create a new collection of handcrafted fine Jewellery. The collection, scheduled to launch in Fall 2014, will be infused with the signature Zac Posen modern American glamour and detailed craftsmanship that the brand embodies. The collection will focus
Rio Tinto’s Red & Pink Diamonds Tender in HK
Hong Kong: Rio Tinto’s iconic annual Argyle Pink Diamonds Tender, comprising the best of a year’s production of extremely rare red and pink diamonds, is being hosted in Hong Kong during the final leg of a global showcase tour. Almost the entire world supply of rare pink diamonds comes from Rio Tinto’s Argyle diamond mine in the remote east Kimberley
DDC to Host Third Edition of IDW in New York
Ramat Gan: The Israel Diamond Exchange (IDE) and the Diamond Dealers Club of New York (DDC) will hold the third edition of the Israel Diamond Week in New York November 10-13, 2014, on the trading floor of the Diamond Dealers Club of New York, which is located on 580 Fifth Avenue in midtown Manhattan. The annual event is a joint
KP Commission to Strengthen Diamond Industry
Luanda: The Kimberly Process Commission will strengthen the diamond industry in 2015 and face with more responsibility the challenge of sustainability in favour of the future generations. This was announced Thursday in Luanda by Kimberly Process Certification System official, Estanislau Buio. The official was speaking about Angola’s presidency of the Kimberly Process, during the 3rd Consultative Council of the Ministry
Antwerp Diamond Pavilion Expands at HK Show
Antwerp: From 15 September to 19 September, Antwerp World Diamond Center (AWDC) will again participate at the Hong Kong International Jewellery Show. The Antwerp Diamond Pavilion at this fair keeps expanding every year. With three additional companies coming on board, no less than 99 Antwerp diamond companies will be exhibiting their goods. The Hong Kong Jewellery and Gem Fair in
Alternate Venue for SDB Proposed
Surat: Faced with criticism and agitation by farmers and NGOs crusading for green environment in the city, diamond barons, who were lobbying with the state government for 2 lakh square metre of Navsari Agriculture University (NAU) land at Ghod Dod Road for the proposed Surat Diamond Bourse (SDB), have now decided to back off, reports The Times of India. They
