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
India's Gold Curbs Likely to Stay Till Next Year: WGC
Mumbai: Indian gold demand in 2014 will fall below last year’s record levels as import restrictions are expected to remain in place, despite an improvement in demand in the second half of the year, the World Gold Council (WGC) said. Indian demand in 2014 will be 850-950 tonnes, the industry body said, down 50 tonnes from its earlier forecast. China’s
Global Gold Jewellery Demand Sank by 30%
London: U.S. demand for gold jewelry rose 15 percent in the second quarter of 2014, even as overall worldwide demand took a nosedive, according to the World Gold Council’s latest report on the sector. The increased U.S. demand was fueled by lower price points and increased consumer confidence, as well as the fashion business increasingly using yellow gold, says Alistair
Mbada Diamonds Cuts Salaries, 4 Executives Resign
Harare: Workers at Zimbabwe’s leading diamond producer, Mbada Diamonds, staged a sit-in last week after its management slashed their salaries by 50 percent, claiming there had been a massive decline in production. The decision to reduce salaries also resulted in four senior managers tendering their resignations in protest. Workers told New Zimbabwe that they were also not happy with management’s
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,
Ranbir-Kat Seal Their Love with Platinum
Mumbai: The grapevine is buzzing across Bollywood with rumours of the current “IT” Couple Ranbir Kapoor and Katrina Kaif, who have recently sealed their bond of love with a platinum ring by Van Cleef & Arpel. Platinum rings are a popular choice amidst celebrity stars across the world, from Superstar George Clooney to sexy sirens Jessica Biel, Drew Barrymore, all
India’s Rough Imports Down 11% in June
Mumbai: Exports of gems and jewellery from India during June 2015 were down by 1.67% as compared to a year earlier due to weak global demand for diamonds and jewellery in almost all major markets. Total exports of gems and jewellery during the month stood at US$ 2,912.85 million as compared to US$ 2,962.42 million in June 2014, figures by
Zimbabwe Faces More State Assets Seizure Abroad
Harare: Zimbabwe faces more economic woes, including having its assets abroad seized, after cash-strapped State mining company, Zimbabwe Mining Development Corporation (ZMDC), lost the latest installment of a long-drawn legal case, at the centre of which is compensation for a lost concession by Mauritian Mining Company Amari Holdings, reports newsdzezimbabwe.co.uk. This follows the International Court of Arbitration’s (ICA) ruling that
Lucara's July Rough Tender Achieves $69M
Gaborone: Lucara Diamond Corp.’s July tender of exceptional stones achieved $68.7 million, or $41,028 per carat. The tender featured 14 single stone lots from Karowe production, all of which were sold. A 341.90-carat, type IIa rough diamond sold for $20.6 million and a 269.70-carat stone sold for $16.5 million. In all, 12 diamonds fetched prices above $1 million. William Lamb,
