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
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
Accenture Suggests Steps to Boost Exports from SEZs
Kolkata: IT consultancy firm Accenture has warned that the move by Indian jewellers to set up units in China and Dubai may slow down gem and jewellery exports from the country, even as it suggested steps to boost exports from special economic zones (SEZs), reports The Economic Times. The jewellery companies that are considering setting up units abroad include Kama
ALROSA Not Changing Sales Policy in 2015
Moscow: The world’s leading diamond mining company ALROSA is not going to increase its capex or dramatically change its sales policy in 2015, ALROSA’s Vice President Ilya Ryaschin said in a conference call on Monday. According to him, the investment program currently under development envisages that capex in 2015 will not exceed the level of 2014 and will stay at
Diamond Industry Sentiment Sinks to 2008 Levels
Ramat Gan: Diamond industry sentiment has sunk to where it was in 2008, when the financial crisis froze all buying and selling, according to online trading service RapNet. Polished prices have consistently dropped since the beginning of the year, it said, adding that rough prices have remained steady, squeezing manufacturer margins. “Cutters usually make large-scale rough purchases in July and
Rio Tinto Diamond Production +18% in H1 2015
Perth: Rio Tinto recently announced that diamond production for the first half of 2015 increased 18 percent compared to the same period of 2014 – 8,851,000 carats compared to 7,482,000 carats last year. The company said the increase was due to higher volumes recovered at the Argyle mine in Australia due to the continued ramp up of production from the
IIJS 2015 Inaugurated in Mumbai
Mumbai: The 32nd edition of India International Jewellery Show (IIJS) was inaugurated on Monday at Mumbai’s Bombay Convention Centre, by Chief Guest Mrs. Rita Teaotia, India’s Commerce Secretary, accompanied by the Guest of Honour Mr. Paul Rowley, Executive Vice President of De Beers (Global Sightholder sales), Chairman of India’s Gem & Jewellery Export Promotion Council (GJEPC) Mr. Vipul Shah and
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
