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
First Sustainable Pearls Forum Talks Held
Hong Kong: The Sustainable Pearls Forum took place June 20th in Hong Kong, bringing pearl industry leaders around a table to discuss the importance of sustainability to cultured pearls. This event included companies such as Paspaley, Robert Wan, Jewelmer, Tiffany & Co. and Mikimoto. The Forum highlighted the potential of pearls as pioneers of sustainability in the jewellery industry and
Indian Companies Shine at 2014 JNA Awards
Hong Kong, 12th Sep: The 2014 JNA Awards has recognized a number of India-based companies for their contribution to the global jewellery and gemstone industry. JNA has named Anoop Mehta, president of the Bharat Diamond Bourse (BDB), as recipient of the Lifetime Achievement Award – the most prestigious honour conferred by JNA – while five of India’s major diamond manufacturers
Multibank is First Fin. Inst. to Secure Office in PGJC
Panama: Panama’s Multibank has become the first financial institution to secure office space in the Phase I building of the Panama Gem & Jewelry Center (PGJC). Providing a range of banking products and services, the Panama City-headquartered bank also has operations in Costa Rica and Colombia, a representative office in Peru, and is the main company in the Multi Financial
NCDIA Elects New President, Board
New York: The Natural Color Diamond Association (NCDIA) has elected new officers and a new board. Jordan Fine, JFine, will serve as group president; Alan Bronstein, Aurora Gems, will serve as vice president; Breanne Wittrock, Gunderson’s, will also serve as vice president; and Jeffrey Post, Gem Platinum, will serve as secretary/treasurer. Also on the board are David Shara, Optimum Diamonds;
Honouring the GEMS of the G&J Industry
Mumbai: The India International Jewellery Show (IIJS) Premiere will felicitate the luminaries of the Gems & Jewellery industry recognizing their outstanding contributions with their dedication and passion that not only elevated the industry but also inspired generations of craftsmen and entrepreneurs. Some celebrated names among them include Mr. Joy Alukka, Mr. Varghese Alukka, Mr. John Alukka, Mr. Paul Alukka, etc.
KP Figures Say Diamond Industry is Shrinking
Johannesburg: The value of rough diamonds mined globally during 2023 fell by just over 20 per cent, down from $16bn in 2022 to $12.7bn according to the latest Kimberley Process (KP) figures. The volume of diamonds mined fell by 7.6 per cent to 111.5m carats, and average per carat prices slipped almost 14 per cent from $132.27 to $114.10. Production
Q2 Output of De Beers’ Declined by 15%
London: De Beers’ rough diamond production decreased by 15% to 6.4 million carats in Q2 of the year, according to a statement issued by the Anglo American. It said production decreased in Botswana by 19% to 4.7 million carats, driven by intentional lower production from short-term changes in plant feed mix at Jwaneng to process existing surface stockpiles. Production at
‘Current State of Diamond Market’
New York: At a panel held during “The Current State of Diamond Market” on July 16 during the Initiatives in Art and Culture’s 14th annual Gold + Diamond Conference in New York City, most speakers agreed that the natural and lab-grown diamond sectors are hurting right now. At the panel, which Rob Bates of JCK moderated, several IDMA board members shared their
