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
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
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
Registrations for CIBJO Congress Open
Mumbai: CIBJO’s 2023 annual congress will take place in in Jaipur, in the Indian State of Rajasthan, from October 3 to October 5. Pre-congress meetings will be held on October 1 and 2. The hosts of the congress is the Gem & Jewellery Export Promotion Council (GJEPC) and the co-host is the National Gem & Jewellery Council of India (NGJCI).
Botswana-De Beers Seal a Diamond Deal
Gaborone: The Government of the Republic of Botswana and the De Beers Group have reached an agreement in principal on a 10-year sales agreement for Debswana’s rough diamond production till 2033, the two parties said in a joint statement, reports Forbes. In addition, the two parties agreed to a 25-year extension of the Debswana mining licensing deal that will run
Leaders Share Ideas to Foster Economic Growth
Surat: The recently concluded B20 (Business 20) Surat Meet – the official G20 dialogue forum with the global business community, organised by the Confederation of Indian Industry (CII) on 1st July 2023 at the Diamond city of India- Surat, saw a host of sparkling stalwarts sharing their thoughts, insights and views at the closed door event. The Round Table Discussion on
Platinum Delivers Steady Q1 Performance in India
Mumbai: The latest industry review from Platinum Jewellery Business Review (PJBR) Q1 2023indicates improved sentiment and positive consumption momentum among affluent jewellery buyers in platinum’s key markets and a continued recovery from the effects of the COVID-19 pandemic. Platinum Guild International (PGI) has implemented strategic marketing initiatives and programmes specially designed for each country to take advantage of improved sentiment to boost
