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
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De Beers Courting New York City Banks
New York: With financial institutions expressing continued reluctance to lend to the diamond industry De Beers is holding an event to reach out to New York City bankers. Howard Davies, head of De Beers’ commercial department, has invited local financiers to a Bankers Executive Briefing on Oct. 1 at a Manhattan hotel. The company veteran will brief attendees on the
Russia Plans to Divert Diamonds in Case of Sanctions
Moscow: In the event that the European Union decides to apply sanctions on Russia in general and the Russian diamond industry specifically, over the country’s conflict with neighboring Ukraine, Moscow plans to divert a large chunk of its diamond exports to other countries, Rough and Polished reports. Russian Federation Ministry of Finance Administrative Department Chief Alexander Akhpolov told Kommersant Vlast
Antwerp’s Rough Trade Still Thriving in August
Antwerp: This month’s rough trade in Antwerp outperformed that of August 2013, with increases in both import and export, continuing the positive trading streak of this year. Imports and exports of polished saw some adjustments due to the modest trading in the same month last year. Rough trading continued in a positive vein this month, further extending the robust figures
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
Gem-A Postpones Upcoming AGM
London: The Council of Gemmological Association of Great Britain (Gem-A) has announced that it will be postponing the Association’s upcoming AGM, due to take place on 24 June 2015, citing the need to resolve internal matters. Following a press statement confirming the dates of their upcoming AGM, the Council of the Association has taken the decision to postpone the AGM
India Prepares for SNZ at BDB
Mumbai: A number of senior government officials led by Member (Customs), CBEC, Shri A.K. Kaushal visited the Bharat Diamond Bourse on May 30 and interacted with members of the industry from the GJEPC and BDB. Former Chief Commissioner of Customs Zone – I, Shri A.K. Kaushal was visiting the bourse for the first time. Shri Kaushal was accompanied by Shri
India Govt. Gets 'Global Empowerment Salute'
Las Vegas: India’s Minister for Home Affairs Mr. Rajnath Singh received the Diamond Empowerment Fund’s highest recognition, the 2015 Global Empowerment Salute which was conferred on Hon’ble Prime Minister Mr. Narendra Modi and the government of India at the DEF Gala held in Las Vegas. The honour was conferred on Mr. Modi and the government for India’s global leadership and
GIA Close to Solving Mystery Color Treatment
New York: The Gemological Institute of America is close to figuring out the mystery treatment that may have temporarily improved the color of some 500 diamonds, GIA president and CEO Susan Jacques said at the annual Rapaport conference on grading standards on May 31. “We know what is being done, but we don’t know how it is being done,” added
