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
Indian Diamantaires to Set Up Mfg Units in Ras Al Khaimah
Ras Al Khaimah: Officials from Ras Al Khaimah (UAE) and India’s leading diamantaires gathered for a high-level meeting recently at the Surat Diamond Association (SDA) premises, according to a press release. The Government of Ras Al Khaimah was represented by officials Alan Nixon – Associate Manager, International Business Development, Government of Ras Al Khaimah and Ashok Shridharan – CA, Government
Alrosa to Prospect for Zimbabwe Diamonds
Moscow: Diamond giant Alrosa is set to prospect for diamonds in Zimbabwe with DTZ-OZGEO, a Zimbabwe-Russia joint venture company. Reuters quoted Russia’s trade and industry minister Denis Manturov as saying that Alrosa and DTZ-OZGEO would prospect for diamonds throughout Zimbabwe. Currently diamonds were being mined in the south of the country by private company River Ranch, in central Zimbabwe by
Russia, Zimbabwe Ink $3bln Platinum Mining Deal
Moscow: Russia and Zimbabwe on September 16 signed Agreement of cooperation to develop platinum project in Darwendale near capital Harare. Russia’s investments amount to $3 billion. President Robert Mugabe and Russia’s Foreign Minister, Sergey Lavrov and Minister of Industry and Trade Denis Manturov oversaw the inking of the deal said to be the largest single foreign investment into Zimbabwe’s comatose
Antwerp Diamond Bank Faces Liquidation
Antwerp: The sale of Antwerp Diamond Bank to China’s Yinren Group appears stalled, and some fear the 80-year-old bank might liquidate, according to Belgian reports citing newspaper De Tijd. Parent company KBC, directed by regulators to divest the bank, agreed to sell it to the Chinese Yinren Group for an undisclosed amount in December. But the sale—which requires regulatory approval—has
40th IIJS Premiere Inaugurated in Mumbai
Mumbai: Hon. Governor of Maharashtra Mr. C. P. Radhakrishnan inaugurated one of the world’s largest gem & jewellery B2B shows – India International Jewellery Show (IIJS) Premiere 2024 organized by India’s apex trade body, The Gem & Jewellery Export Promotion Council (GJEPC) at the JIO World Convention Centre in Bandra Kurla Complex, Mumbai. Mr. Mangal Prabhat Lodha, Hon. Minister of
‘Indian Association for Gold Excellence and Standards’ Formed
Mumbai: The Indian gold industry has today announced the formation of the Indian Association for Gold Excellence and Standards (IAGES – pronounced as I-AAY-GES), a self-regulatory organisation (SRO) created by the Indian gold industry, for the Indian gold industry and supported by the World Gold Council. IAGES will aim at increasing consumer confidence and enhancing trust in the Indian gold
Discussion on Strengthening Indian Market for Natural Diamonds
Mumbai: De Beers and India’s Gem & Jewellery Export Promotion Council (GJEPC) held a meeting on 1st August in Mumbai to discuss strategies for bolstering the natural diamond market in India. The discussion centred around the need for education and awareness around natural diamonds. Ms. Shweta Harit, Global Senior VP, De Beers; Mr. Amit Pratihari, Vice President of De Beers
BDB Hosts Discussion on India’s Budget 2024
Mumbai: Bharat Diamond Bourse (BDB), hosted an insightful Knowledge Session on the implications of the INDIA Budget 2024 on the diamonds and jewellery businesses. The session featured esteemed speakers Mr. Rajendra IRS, former Member of the Income Tax Appellate Tribunal (ITAT) Mumbai, and CA Dr. Mitil Chokshi, Partner Chokshi & Chokshi a renowned tax consultant and advisor. The event was
