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
Rio Tinto Showcases Rare Red & Pink Diamonds
Perth: Rio Tinto’s iconic Argyle Pink Diamonds Tender has been unveiled during a world exclusive preview in Sydney, with the 2014 collection boasting a record four rare Fancy Red diamonds. Celebrating the 30th anniversary of the world’s most anticipated diamond sale, the 2014 Argyle Pink Diamonds Tender collection comprises 55 diamonds, including 51 pink and purplish red diamonds and four
NY DDC Opens India Diamond Week
New York: The Diamond Dealers Club (DDC) of New York, in conjunction with the Gem & Jewellery Export Promotion Council (GJEPC), greeted yesterday close to 100 exhibitors at its first India Diamond Week on the DDC’s trading floor in Manhattan. DDC’s president, Reuven Kaufman, is creating a renaissance of the diamond trading floors by welcoming diamantaires from India, the manufacturing
Global & Indian Firms Interested in Surat Bourse
Surat: Diamond companies from Belgium, Dubai, Israel and Hong Kong are interested in joining the proposed Surat diamond exchange and have applied for membership, according to Dinesh Navadiya, president of the Surat Diamond Association (SDA), reports The Economic Times. The proposed exchange, is likely to be almost as large as Mumbai’s Bharat Diamond Bourse (BDB), and the government is in
India May Restore Tax Benefits to Mfg SEZs
New Delhi: The Indian Government is examining the possibility of restoring tax benefits for a handful of manufacturing special economic zones, while continuing to tax the rest to minimize revenue losses, reports BusinessLine. “As exports from manufacturing SEZs, excluding gems & jewellery and petroleum, account for just 10 per cent of total SEZ exports, exempting them from taxes would not
CIBJO President Speaks at ZDC
Harare: Noting the responsibility of the jewellery industry towards society, CIBJO President Gaetano Cavalieri has recognized the need of African diamond producing countries to leverage their natural resources into sustainable economic development for their countries’ citizens. He was speaking during the opening day of the Zimbabwe Diamond Conference in Harare. “These are historic days for the diamond industry. Whereas once
1st Israel Diamond Pavilion at HK Jewelry Mfg Show
Ramat Gan: This year for the first time the Israeli Diamond Industry will be featured in a national pavilion at the Hong Kong International Jewelry Manufacturers’ Show, to be held November 27 – 30 at the Hong Kong Convention & Exhibition Centre. The pavilion, organized by the Israel Diamond Institute Group of Companies (IDI), will host 26 companies, 17 of
WDC Offers Support in Dealing with Ebola Crisis
Johannesburg: The World Diamond Council (WDC) has made contact with the African Diamond Producers Association (ADPA), offering its support in dealing with the impact on the mining sector of the Ebola crisis in West Africa. ADPA is a union of African diamond mining countries, working as to advance the common interests of the continent’s diamond producers. The organization has 18
PDE Project Director and Architects Visit IDE
Ramat Gan: With the construction set to begin in 2015 of the Phase II section at the Panama Gem & Jewelry Center, the only dedicated hub for the Latin American diamond, colored gemstone and jewelry trades, its project director and lead architects have visited the Israel Diamond Exchange complex, the world’s largest facility of this type, where they examined and
