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 Global Losses & Firmer Rupee, Indian Gold & Silver Held Their Floors
Macro Snapshot: The selling that pushed both metals lower in the week ending 25 September came from the American bond market rather than from any bullion-specific news. S&P Global’s flash survey on 23 September put its composite output index at 58.4, the strongest reading since July 2021, with services at 58.7 and manufacturing at 56.7. On the same morning, Federal Reserve Governor Michael Barr said further policy adjustments were likely to be needed to return inflation to target. A poorly
Despite Global Losses & Firmer Rupee, Indian Gold & Silver Held Their Floors
Macro Snapshot: The selling that pushed both metals lower in the week ending 25 September came from the American bond market rather than from any bullion-specific news. S&P Global’s flash survey on 23 September put its composite output index at 58.4, the strongest reading since July 2021, with services at 58.7 and manufacturing at 56.7. On the same morning, Federal Reserve Governor Michael Barr said further policy adjustments were likely to be needed to return inflation to target. A poorly
Top News
Tanzanite Foundation Shutting Down
New York: The New York City–based Tanzanite Foundation will cease operations on Aug. 31. Tanzanite Foundation executive director Hayley Henning confirmed to JCK this week that the 11-year-old promotional agency for tanzanite will close at the end of August. Formed by miner TanzaniteOne, the nonprofit foundation has served all ethical and socially responsible operators and partners in the tanzanite industry,
New York Orders Comprehensive Ivory Ban
New York: New York’s Governor Andrew Cuomo signed legislation yesterday that amends the state’s environmental law to ban elephant ivory, mammoth ivory and rhino horn sales in New York. This state legislation enhances federal efforts to tighten the ivory trade ban on a federal level. Under the law, this permanent ban on the sales of these products has only a
Gemfields Reports Auction Revenues of $15.5 Million
Lusaka: Gemfields plc reported auction revenues of $15.5 million, the second highest achieved at any lower quality auction, of its auction of mostly lower quality rough emerald and beryl held in Lusaka, Zambia, from August 5 to 8. Excluding the sale of 1.5 tonnes of low grade beryl, the average realized price was $3.61 per carat, a new record for
Viewing of 122.52-Ct Blue Diamond to Start Soon
Johannesburg: Petra Diamonds will shortly start the viewing process for the sale of the exceptional 122.52-carat blue diamond that it recovered in June at the Cullinan mine in South Africa. The viewing process will open on Monday, August 18, and will close on Friday, September 12, when offers from prospective buyers are to be submitted. Appointments to view the stone
GTL Achieves Big Growth
Mumbai: The Gem and Jewellery Export Promotion Council’s Gem Testing Laboratory (GTL) at Jaipur showed a 40% growth in its performance in April – September 2014 compared to 15% growth in the same period last year. Being founded under the aegis of the Council (GJEPC), GTL has scored over their performance last year on account of constant upgrading of technology
GJEPC Insists again to Introduce Presumptive Tax
Mumbai: A 15-member delegation of India’s Gem & Jewellery Export Promotion Council (GJEPC) officials and industry members, led by GJEPC Chairman Vipul Shah, met Hon’ble Mr. Saurabh Patel, Finance Minister, Government of Gujarat, on Sunday November 16th. One of the important issue discussed among others was that of presumptive taxation. For long now, the diamond industry of the country has
'Hand-Holding Makes Relationships Stronger'
New York: Americans believe hand-holding makes relationships stronger, according to a survey conducted by Forevermark as part of its Hold My Hand Forever campaign. The company launched the campaign in October, encouraging couples to share their hand-holding moments on Twitter, Facebook, and Instagram using the #HoldMyHandForever hashtag. The survey found that 94 percent of Americans in a committed relationship believe
Zimbabwe Govt. Shuts Down 11 Gold Mines
Harare: Government has temporarily shut down 11 gold mining companies for non-compliance with mining regulations in a drastic measure to curb gold leakages and increase deliveries. Gold leakages have been cited as a major contributor to the decline in gold sales from 27 tonnes in 1999 to 12 tonnes per year now. Government’s target is to raise gold production levels
