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
De Beers Courting New York City Banks
New York: With financial institutions expressing continued reluctance to lend to the diamond industry De Beers is holding an event to reach out to New York City bankers. Howard Davies, head of De Beers’ commercial department, has invited local financiers to a Bankers Executive Briefing on Oct. 1 at a Manhattan hotel. The company veteran will brief attendees on the
Russia Plans to Divert Diamonds in Case of Sanctions
Moscow: In the event that the European Union decides to apply sanctions on Russia in general and the Russian diamond industry specifically, over the country’s conflict with neighboring Ukraine, Moscow plans to divert a large chunk of its diamond exports to other countries, Rough and Polished reports. Russian Federation Ministry of Finance Administrative Department Chief Alexander Akhpolov told Kommersant Vlast
Antwerp’s Rough Trade Still Thriving in August
Antwerp: This month’s rough trade in Antwerp outperformed that of August 2013, with increases in both import and export, continuing the positive trading streak of this year. Imports and exports of polished saw some adjustments due to the modest trading in the same month last year. Rough trading continued in a positive vein this month, further extending the robust figures
Antwerp to Hold 3rd Zimbabwe Diamond Auction
Harare: Zimbabwe is holding its third 10- day diamond auction at Antwerp until later this month with approximately 500,000 carats of diamonds expected to go under the hammer, a facilitating company has said. The auction is the country’s fifth since it started auctioning its rough diamonds on the international market in December last year. Zimbabwe held its first diamond auction
Forevermark Expands to UK and Ireland
London: Forevermark, the diamond brand from De Beers Group of Companies announced yesterday it will be expanding into the United Kingdom and Ireland this autumn. Crossworks Manufacturing Ltd. has been appointed as the only licensee partner and will be working with a select number of retailers to bring Forevermark diamonds to the region. Forevermark CEO Stephen Lussier comments, “London is
Gaetano Cavalieri Addresses ECOSOC
Milan: CIBJO President Gaetano Cavalieri has addressed the High Level Segment of the UN Economic and Social Council in New York, and in his presentation stressed the commitment of both CIBJO and the international jewellery sector to assisting the United Nations meet its development goals. Dr. Cavalieri was addressing the annual keynote gathering of the UN agency as the head
5th Edition of IIJW Inaugurated in Mumbai
Mumbai: After completion of four successful years, the 5th edition of India International Jewellery Week, popularly known as IIJW, was inaugurated this morning in Mumbai by Mrs. Rashmi Thackeray. Present at the inauguration were Mr. Vipul Shah, Chairman of the Gem & Jewellery Export Promotion Council (GJEPC), Mr. Pankaj Parekh, Vice Chairman of GJEPC and other degnitories. Conceived and conceptualized
HRD Antwerp Adjusting Parameters of Cut Grade
Antwerp: HRD Antwerp is to adjust the proportion parameters of its Cut Grade, with changes taking place as of July 14. The Belgian lab said it is making the move “in order to be more compliant with the market standard, while maintaining the highest-quality grading standards that HRD Antwerp is known for”. “The HRD Antwerp Cut Grade is based on
