We Wish to Build Globally Relevant SKY Gold: Akash Talesara
Israel’s Diamond Industry Under Severe Pressure
Did Natural Diamond Ind. Misjudge LGD Threat?
Why Did Gold & Silver Break Down Just as Fed Hike Bets Faded
Macro Snapshot: The rate backdrop eased during the week ending 23 October, which makes the metals’ slide harder to explain. CME FedWatch odds of a hike at the 27 to 28 October FOMC meeting had settled near one in three on 14 October, after the 3.7% September CPI print, and stood at 9.4% by 23 October. December hike odds slipped from about 90% to close to 80%. The 10-year Treasury yield closed at 5.00% against 5.09% a week earlier, and
Why Did Gold & Silver Break Down Just as Fed Hike Bets Faded
Macro Snapshot: The rate backdrop eased during the week ending 23 October, which makes the metals’ slide harder to explain. CME FedWatch odds of a hike at the 27 to 28 October FOMC meeting had settled near one in three on 14 October, after the 3.7% September CPI print, and stood at 9.4% by 23 October. December hike odds slipped from about 90% to close to 80%. The 10-year Treasury yield closed at 5.00% against 5.09% a week earlier, and
Top News
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;
Angola to Focus on CAR Challenges as KP Chair
Luanda: Angola, which is set to lead the Kimberly Process Certification Scheme (KPCS) next year, says that it will focus on following up on the situation in Central Africa Republic (CAR) and Venezuela. CAR was temporarily suspended from the KP in May 2013 after a coalition of rebels threw President Francois Bozize out of office. The World Diamond Council (WDC)
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
Big Jump in LGD Sales in the US
New York : Two thirds of jewelers now sell lab grown diamonds (LGDs), says a survey of over 600 independent retailers across the United States and Canada. That figure is up from just 10 per cent five years ago, according to Instore, the US magazine for the jewelry industry, which commissioned the survey. More than half (56 per cent) said the
Stop Ongoing Flow of Conflict Diamonds: KPCSC
Johannesburg: The Kimberley Process Civil Society Coalition (KPCSC), which acts as an observer of the Kimberley Process on behalf of civil society, has demanded action from members of the diamond mining and jewellery industries to stop the ‘ongoing flow of conflict diamonds’.It said following a webinar held on 20 October that there are four key actions the industry can take
IIJS Signature 2022 from 6th Jan at a New Venue
Mumbai: After the tremendous success of IIJS Premiere in Bengaluru in September 2021, the Gem & Jewellery Export Promotion Council (GJEPC) now announces the dates and venue for the 14th edition of IIJS Signature. The show will be held from 6th to 9th January 2022 at JIO World Convention Centre (JWCC), a prestigious new exhibition space in Mumbai. IIJS Signature
Antwerp Renews MoU with DRC
Antwerp: Antwerp, led by umbrella organization AWDC, yesterday welcomed the new minister of mines of the Democratic Republic Congo, Mrs Antoinette N’Samba Kalambayi and the General Directors of the Ministry’s two main diamond institutes, the CEEC and SAEMAPE, on a working visit to Antwerp. The delegation was welcomed first by the AWDC leadership, before embarking on an extensive tour of
