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
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
Gem Diamonds Posts 54% Jump in Revenue in H1
London: Gem Diamonds Limited reported its revenue rose 54 percent to $148.9 million in the half year ending June 30. The miner reported attributable profit of $19.7 million, up 129 percent from a year earlier. “Excellent financial performance with significant growth in revenue, strong cash flow further enhancing the balance sheet and [the firm is] on track to consider declaring
LDB Launches Platform for Member Inventory
London: London Diamond Bourse members can now search goods from fellow members in the latest unveiling on their website. This exciting initiative is the latest development in the London Diamond Bourses passage into enhancing membership value. Victoria McKay, the bourse’s chief operating officer, said, “It’s a radical move to enhance and dovetail with the traditional ‘trading across tables’ method by
Antwerp Posts Solid Trade Figures in July
Antwerp: July continued to mark a stable month for the Antwerp diamond sector. A modest decrease was only seen in in the volume of imported polished diamonds, compared to July 2013. The rough diamond trade continues to fare well. In comparison with July of last year, the volume of exported diamonds rose by 1,22%, which translates to a volume increase
India Diamond Week from Jan. 12
Mumbai: In less than one week, the Diamond Dealers Club (DDC) of New York, in conjunction with the Gem & Jewellery Export Promotion Council (GJEPC), will host its second edition of India Diamond Week on the DDC trading floor in Manhattan. “Due to the success of our first India Diamond Week in August, we decided this is the ideal time
Easier Access to System of Warranties Guidelines
New York: The World Diamond Council (WDC) has announced an update to the WDC web site to provide easier access to the System of Warranties guidelines. The System of Warranties (SoW) is a voluntary system of industry self-regulation created to support and strengthen the Kimberley Process Certification Scheme. The SoW is a cornerstone of the WDC, whose goal is to
India Plans Strategy to Import Gold
New Delhi: Union commerce ministry has called a meeting of gold jewellery exporters and domestic players to discuss issues related to supply of gold on Wednesday 7 January. Sources said that the government invite says that the meeting is being called to discuss how to ensure consistent and uninterrupted supply of gold to gold jewellery exporters, however it is quite
Israel’s Diamond Exports Rose Slightly in 2014
Ramat Gan: In 2014, the Israeli Diamond Industry maintained its export achievements of 2013, with a slight rise of $160 million in total polished and rough exports, according to figures published by Israel Ministry of Economy’s Diamond Controller Shmuel Mordechai. Israel’s total combined exports of polished and rough diamonds stood at $9.324 billion in 2014, compared to $9.166 billion in
