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
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
DDC to Host Third Edition of IDW in New York
Ramat Gan: The Israel Diamond Exchange (IDE) and the Diamond Dealers Club of New York (DDC) will hold the third edition of the Israel Diamond Week in New York November 10-13, 2014, on the trading floor of the Diamond Dealers Club of New York, which is located on 580 Fifth Avenue in midtown Manhattan. The annual event is a joint
KP Commission to Strengthen Diamond Industry
Luanda: The Kimberly Process Commission will strengthen the diamond industry in 2015 and face with more responsibility the challenge of sustainability in favour of the future generations. This was announced Thursday in Luanda by Kimberly Process Certification System official, Estanislau Buio. The official was speaking about Angola’s presidency of the Kimberly Process, during the 3rd Consultative Council of the Ministry
Antwerp Diamond Pavilion Expands at HK Show
Antwerp: From 15 September to 19 September, Antwerp World Diamond Center (AWDC) will again participate at the Hong Kong International Jewellery Show. The Antwerp Diamond Pavilion at this fair keeps expanding every year. With three additional companies coming on board, no less than 99 Antwerp diamond companies will be exhibiting their goods. The Hong Kong Jewellery and Gem Fair in
De Beers Revises 2015 Production Guidance
Gaborone: Global diamond giant, De Beers Group, which is 85-percent owned by Anglo American, has revised its production guidance for 2015 to 29 million carats from 31 million carats. Anglo chief executive Mark Cutifani said the move was necessitated by a continuation of the market weakness of late 2014 during the first six months of the year that resulted in
Commodity Prices to Decline in 2015: World Bank
New York: The prices for all major commodities will like fall in 2015, the World Bank forecasted in its Commodity Markets Outlook report released on Wednesday. The bank projected that prices for precious metals, specifically gold, silver and platinum, will decline 9 percent in 2015 due primarily to reduced investment demand. The bank said that it expected gold prices to
India Grants Duty Exemption to Three Labs
Mumbai: Gem & Jewellery Export Promotion Council (GJEPC) has informed all diamantaires that the Central Board of Excise and Customs (CBEC), Government of India, has issued a notification granting duty exemption on cut & polished diamonds that are imported for the purposes of ‘grading or certification and re-export out of India’ to three laboratories operating within the country. The three
Value of India’s Gold Reserves Reduces By 44%
Mumbai: Gold free fall has wiped out 44% of the value of gold reserves with the Reserve Bank of India (RBI) compared with the peak levels in 2011, according to Firstpost. The report marks that at the recent five-year low of $1,072.35 per ounce on 20 July, the value of the RBI’s gold reserves plunged to about $21.1 billion, down
