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
ADB Issue Can Still Be Solved
Antwerp: “There is still room to find a solution, to keep the financing levels of the Antwerp diamond sector at market conform levels.” This is AWDC’s reaction to the news that KBC will proceed with an ‘orderly wind-down’ of the Antwerp Diamond Bank. “As an umbrella organization we have been duly following the developments in this matter,” says Margaux Donckier,
IDW in New York– Unique Diamond Sourcing Opportunity
Ramat Gan: The third edition of the Israel Diamond Week in New York, to be held November 10-13, 2014, is the last-stop-station for diamond buyers toward the holiday season, and, in the words of Reuven Kaufman, President of the Diamond Dealers Club of New York (DDC), “a grand opportunity to stock up on polished diamonds” The event, held on the
Zimbabwe’s Diamonds Seized in Belgium
Harare: Zimbabwe risks losing 45 million U. S. dollars diamond revenue from Belgium after a South African company sued for wrongful cancellation of its platinum mining agreement with a Zimbabwe state mining firm in 2010, state media reported Thursday. Zimbabwe began trading its diamonds in Antwerp in November last year after the European Union lifted sanctions on the Zimbabwe Mining
EGL Int’l: No Single Diamond Grading Standard Exists
Ramat Gan: There is no single international standard for diamond grading, said Israeli lab EGL International in a statement in response to recent actions by trading networks. “With regard to the Rapaport Group’s decision to delist diamond grading reports of EGL and that it views GIA as the industry standard…the use of the term standard suggests that such a standard
Zim has Info on Diamonds Hidden By De Beers
Harare: Zimbabwean President Robert Mugabe said his government has managed to obtain information on the diamond sector that had been hidden by De Beers. Speaking in a wide-ranging interview with the state broadcaster, Mugabe who recently turned 91, said “clever people” had stolen the papers and gave them to Harare. “We know of diamonds that had been discovered by De
Gold Scheme Can Fetch Rs. 1 Lakh Crore: SBI
Mumbai: Describing the proposed gold deposit scheme as game changer, the SBIs economic research department has said it will help attract at least Rs. 1 lakh crore in deposits on the precious metal, reports The Economic Times. The proposed introduction of a gold deposit scheme is a big positive and conservative estimates show that the monetary value of gold deposits
Gemfields’ Auction Totals $14.5 Million
London: Gemfields’ latest auction of emerald and beryl has raised $14.5 million. The gemstone miner announced that the average price realized in the auction of stones from Kagem was $3.72 per carat, which it says was a new record for lower quality auctions. Of the 10.1 million carats that were offered for sale in Lusaka, 3.9 million carats were sold
Industry Disappointed with India's Budget
Mumbai: Mailbox of the gems2jewellery.com has been flooded with reactions of trade bodies and industry leaders expressing their ‘unhappiness’ over the latest budgetary proposals made by the Union Finance Minister Mr. Arun Jaitley. Here we produce them under one compiled news item: Mr. Vipul Shah, Chairman of the Gem & Jewellery Export Promotion Council (GJEPC) says: Our congratulations to the
