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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Rio Tinto Gifts Australian Diamonds to Smithsonian Institution
Washington: Rio Tinto has announced a donation of a significant sample of Australian rough diamonds to the Smithsonian Institution in Washington DC, the world’s largest museum and research complex and home to the most notable diamonds and diamond jewellery in the world. At an event at the Australian Embassy hosted by The Honourable Kim Beazley, Australian Ambassador to the Unites
Dharmanandan Diamonds to Unveil Technology for Retailers
Mumbai: Dharmanandan Diamonds will be unveiling the ‘Virtual Showcase’, a ‘3D Diamond Viewer” for retailers at the September 15-19 Hong Kong Jewellery & Gem Fair. The company has introduced several technology products for the diamond industry in recent years aimed at “upgrading retailers and revolutionalizing the way diamonds are purchased”. Dharmanandan successfully launched an iPad application in 2010, and, the
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
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
