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
Tanzanite Foundation Announces Reorganization
New York: The Tanzanite Foundation has officially announced that it will undergo “structural and operational changes to better align with global tanzanite markets and sightholder expectations,” it explained in a recently released statement. “After a long consultation period with the global industry, the future direction and resource allocation for the Tanzanite Foundation’s education, promotion, and information-distribution programs has been established
232 Carat D-Color Diamond Unearthed in S. Africa
Johannesburg: It’s big, it’s colorless, and it just might be flawless. In a year filled with notable diamond finds, Petra Diamonds has unearthed a particularly impressive stone—a 232 ct. D-color stone with “exceptional clarity.” “The diamond is practically see-through, so it is very likely to produce a flawless stone,” says Petra spokesperson Cathy Malins. She describes the rough as “the
Rio Tinto Gifts Australian Diamonds to Smithsonian Institution
Washington: Rio Tinto has announced a donation of a significant sample of Australian rough diamonds to the Smithsonian Institution in Washington DC, the world’s largest museum and research complex and home to the most notable diamonds and diamond jewellery in the world. At an event at the Australian Embassy hosted by The Honourable Kim Beazley, Australian Ambassador to the Unites
Dharmanandan Diamonds to Unveil Technology for Retailers
Mumbai: Dharmanandan Diamonds will be unveiling the ‘Virtual Showcase’, a ‘3D Diamond Viewer” for retailers at the September 15-19 Hong Kong Jewellery & Gem Fair. The company has introduced several technology products for the diamond industry in recent years aimed at “upgrading retailers and revolutionalizing the way diamonds are purchased”. Dharmanandan successfully launched an iPad application in 2010, and, the
BDB Suspends Suspected Members
Mumbai: The Bharat Diamond Bourse (BDB) suspended the membership of VSM Diamonds Private Limited and a number of individuals connected to the firm after finding that they had traded synthetic diamonds without making proper disclosures. Consequently, the individuals affiliated with the company, and any one representing their interests, are now banned from entering the bourse and trading in it. The
GIA Introduces Digital-Only Grading Report
New York: The Gemological Institute of America (GIA)’s grading lab has introduced the Diamond Focus Report, a new digital-only report for smaller diamonds that costs around $20. The reports will be issued for natural D-to-Z color round brilliants, weighing between 0.15 cts. and 0.29 cts. They will be issued with a GIA laser inscription with their report number. The results
Angola’s H1 Diamond Sales Up 35pc to $573m
Luanda: Angola’s diamond sales leaped 35 percent year-on-year in the first half of the year to $573 million from the 4.2 million carats sold. Angolan daily newspaper Jornal de Angola, citing the General Tax Administration, was quoted by Macauhub as reporting that Angola earned $426 million in the first half of 2014 from 4.1 million carats sold. The country’s overall
GIA Bans Five Indian Companies
Mumbai: The Gemological Institute of America has banned five Indian companies from further submissions to its grading lab, alleging they inscribed diamonds with GIA report numbers not associated with those gems, reports jckonline. “We reasonably suspect that stones submitted under your client account, and other accounts for which we believe you to be partnered, have been inscribed with preexisting GIA
