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
Alternate Venue for SDB Proposed
Surat: Faced with criticism and agitation by farmers and NGOs crusading for green environment in the city, diamond barons, who were lobbying with the state government for 2 lakh square metre of Navsari Agriculture University (NAU) land at Ghod Dod Road for the proposed Surat Diamond Bourse (SDB), have now decided to back off, reports The Times of India. They
$6m Diamond Goes Missing
Windhoek: Police in Namibia are hunting for a 78-carat diamond after the gem went missing during a recent strike by 1,500 workers of the Namibia Diamond Trading Company. NDTC, like the mining firm Namdeb, is a 50-50 joint venture between Anglo American’s De Beers unit and the Namibian government with a history dating back to the 1920s. Bloomberg reports the
BDB Planning International Diamond Week
Mumbai: India’s Bharat Diamond Bourse (BDB) is planning an International Diamond Week in 2015, Mr. Anoop Mehta, President of the BDB has said in an interview with Rapaport. Stressing about the BDB’s future plans, Mr. Mehta said, “We are planning an International Diamond Week, which will take place in the bourse sometime in early 2015. It will have about 300
Mugabe Seeks Polishing Partnership with China
Harare: President Robert Mugabe said Zimbabwe intended to partner a Chinese company, Chow Tai Fook, to process local diamonds to add value. At the moment, the country exports its diamonds, mainly mined in Marange, in raw form. Beneficiation of natural resources, especially minerals, forms the centre piece of Zimbabwe’s new five-year economic blueprint, the Zimbabwe Agenda for Sustainable Socio Economic
SRK Honors Dalai Lama with Santokbaa Award
Surat: Shree Ramkrishna founder and Chairman Govind Dholakia recently presented the “Santokbaa” award to the Dalai Lama during the spiritual leader’s visit to the company’s Surat manufacturing facility. The award, which is named in honor of Dholakia’s mother, is given to those who have “served society with compassion, truth, dedication and selflessness.” It was presented by O P Kohli, the
GJF Presents National Jewellery Awards on 21st Feb
Mumbai: The All India Gems and Jewellery Trade Federation (GJF), the national trade body for the promotion and growth of trade in Gems and Jewellery Industry across India, presents the most prestigious National Jewellery Awards (NJA 2015) in the gems & jewellery (G&J) industry. This annual award ceremony is aimed at recognizing the immense talent, innovation and creativity of its
India’s Gold Jewellery Demand to Rise 10% in 2015
Mumbai: According to independent rating agency ICRA, India’s gold jewellery demand next year is expected to touch $32 billion, rising 10%, Diamond World reports. This prediction is being linked to the progressive consumer sentiments. The agency notes that demand could rise in volume terms following the Indian government’s decisions to lift the 80:20 gold import rule, a more positive outlook
Modi Assures of a ‘Road Map’ to “Make In India”
New Delhi: In a day-long workshop on ‘Make in India’ held on 29th December 2014, the Indian Prime Minister Mr. Narendra Modi assured Indian industries of a ‘Road Map’ and wished to change the culture of the government to one where Responsibility, Ownership, Accountability, Discipline are the norms. The Prime Minister also said that Human Resource Development, Innovation and Research
