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
Air India Conducts Survey in Surat
Surat: The Air India (AI) has started a fresh survey to assess passenger traffic potential from Surat towards Mumbai, Delhi and Bangalore, reports The Times Of India. A team of AI officials led by general manager Mukesh Bhatia was in the city to meet members of trade and commerce, Surat Diamond Association (SDA), Southern Gujarat Chamber of Commerce and Industry
Zimbabwe Eyes Domestic Diamond Exchange
Harare: Government will auction local diamonds once or twice in Antwerp, Belgium, before testing waters on its own planned domestic exchange in November this year. Mines and Mining Development Minister Walter Chidhakwa said in an interview that Government was working on modalities of the domestic diamond exchange. “We are preparing for the (domestic) auction in November. We will do one
Mandatory Marking for Synthetics Proposed
Moscow: ALROSA proposed to introduce mandatory marking for synthetic diamonds, Vladlen Nogovitsin, Head of the miner’s Customer Policy, told Interfax in his interview. The company’s initiatives to regulate the turnover of “synthetics” are being discussed in the framework of an expert group under the Ministry of Finance of the Russian Federation. “We stand for defining the concept of synthetic diamonds
Global Diamond Output to Reach 172 Mln Ct in 2018
Moscow: Equity Communications said global diamond output is expected to reach 171.840 million carats in 2018, reports Rough & Polished. It said in a report titled, “The Global Diamond Business 2014” that diamond producers recovered 130.935 million carats last year, an increase of 2.4 percent from 2012. Diamond production was projected to rise by 6.7 percent this year led by
De Beers Announces Auction Sales Programme
Gaborone: The De Beers Group of Companies yesterday announced the 2015 Forward Contract Sales (FCS) programme for its Auction Sales business. As a result of customer feedback, the new programme includes a number of changes from the programme first launched in 2014. In response to customer demand for greater availability of Forward Contracts in the first half of the year
Huw Daniel Appointed CEO of PGI
Mumbai: Huw Daniel has been appointed Global CEO of PGI, after 12 years as President of PGI USA. The announcement was made by the Platinum Jewellery Development Association (PJDA), which represents the major platinum producers (Anglo Platinum, Impala Platinum and Lonmin) and sponsor the PGI. Daniel succeeds long serving CEO James Courage who will retire at the end of April.
India’s Exports Steady in December 2014
Mumbai: Exports of cut and polished diamonds as well as gold jewellery remained steady during the month of December 2014, registering a decline of 0.03% and a rise of 0.55% as compared to the same month a year earlier, according to figures compiled by GJEPC. Overall, the gross exports of all gem and jewellery items too showed a negligible 1.65%
Investment Will Be Key to Success: Philippe Mellier
Gaborone: Addressing a Sightholder reception yesterday, during the first De Beers Sight of 2015, Philippe Mellier, Chief Executive, De Beers Group, said that maintaining success in the diamond industry is dependent upon investment to sustain supply, finance and demand. Mr Mellier pointed to De Beers’ investment in mining projects in Botswana, South Africa and Canada to deliver sustainability of supply,
