We Wish to Build Globally Relevant SKY Gold: Akash Talesara
Israel’s Diamond Industry Under Severe Pressure
Did Natural Diamond Ind. Misjudge LGD Threat?
With December Hike Odds Intact, Can a Midterm Rally Repair Gold, Silver’s Breakdowns?
Macro Snapshot: Gold posted its best week since late August, but it got there on rate relief that had disappeared by Friday. COMEX gold rose 4.5% to $4,074.9 and silver 5.4% to $51.94 while cheaper oil pushed the odds of a December Fed hike down from about 71% on 30 October to 64% ahead of Friday’s payrolls, according to CME FedWatch readings reported by Benzinga and Reuters. The jobs data sent the odds back up to 74.8%, CNBC reported, a
With December Hike Odds Intact, Can a Midterm Rally Repair Gold, Silver’s Breakdowns?
Macro Snapshot: Gold posted its best week since late August, but it got there on rate relief that had disappeared by Friday. COMEX gold rose 4.5% to $4,074.9 and silver 5.4% to $51.94 while cheaper oil pushed the odds of a December Fed hike down from about 71% on 30 October to 64% ahead of Friday’s payrolls, according to CME FedWatch readings reported by Benzinga and Reuters. The jobs data sent the odds back up to 74.8%, CNBC reported, a
Top News
ALROSA's President Steps Down
Moscow: On Monday, September 22, Fyodor Andreev stepped down from his president post “due to medical reasons”. Ilya Ryaschin, First Vice President of ALROSA, was appointed the acting President of the company. Company’s shares closed down 2.99% to 37.3 Rub. Later Rosimushchestvo released a press statement saying it “was sorry that Andreev had to leave ALROSA president post due to
IIDGR Displays New AMSD in Greater China
Hong Kong: The De Beers Group of Companies’ International Institute of Diamond Grading & Research (IIDGR) showcased the new Automated Melee Screening (AMS) device to great reception at this September’s Shenzhen International Jewellery Fair and Hong Kong Jewellery & Gem Fair. The new AMS device which can take up to 500 carats at once is a spectrometer based system that
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
CIBJO Releases Marketing & Education Special Report
Milan: With fewer than eight weeks to go to the opening of the 2021 CIBJO Congress on November 1, 2021, the first of this year’s CIBJO commissions’ Special Reports has been released. Prepared by the CIBJO Marketing & Education Commission, headed by Jonathan Kendall, the report looks at the impact of the COVID-19 pandemic on the jewellery and gemstone industry,
Senco Gold Launches Gold Transection Platform
Kolkata: Senco Gold & Diamonds announced its entry into the physical Gold business with the launch of its own online gold transaction platform named DG Gold (https://mydigigold.com/) Gold has always been regarded as the most trusted investment instrument across generations in India. With the growing consumer preference towards the use of technology, DG Gold by Senco Gold & Diamonds is
GJEPC Gets Govt. Support to Boost Exports
Mumbai: In an exclusive interactive session organised by the Gem and jewellery Export promotion council (GJEPC), Mr. B V R Subrahmanyam, Commerce Secretary, MOC & I , Govt of India spoke to the gem and jewellery exporters on 4th September in Mumbai. The session was also attended by Mr. Suresh Kumar, Joint Secretary, Ministry of Commerce & Industry; Mr. Colin
6th Mubri Annual Meeting Ended Successfully
New York: The Sixth Annual Mubri Meeting took place virtually from September 2nd to 4th, which brought together members from different countries, attending conferences with a wide range of topics on business, social responsibility, sustainability and sales strategies. Important names in the international sector shared new insights and updates on the industry after a challenging 2020 and first half of 2021. Parallel
