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
KP Wants Firm Action on CAR Conflict Diamond Trade
Shanghai: Kimberley Process Certification Scheme members are upset by reports that conflict diamonds being extracted in the Central African Republic and are finding their way into the legitimate global diamond trade. After an inter-sessional meeting in Shanghai in June, the KPCS resolved to take action to stem the spillover of diamonds from the CAR, Israelidiamond.co.il reported. The KPCS determined that
Alrosa Diamonds Evade EU Sanctions
Moscow: Diamantaires in Russia and beyond were relieved to learn that Alrosa was not on the list of firms that the European Union has decided to slap sanctions on, JCK Online reports. In recent weeks, some diamond industry players worried that the Russian state-owned firm would be hit by trade restrictions, but these fears did not materialize. The sanctions were
Retailers Liable for Undisclosed Synthetics They Sell
New York: If a retailer sells a lab-grown diamond without disclosing its origin, it bears legal responsibility for that, even if that fact was not disclosed to the retailer, Jewelers Vigilance Committee president and CEO Cecilia Gardner said at a JA New York panel on synthetic diamonds on July 28, sponsored by the Natural Color Diamond Association (NCDIA). “A retailer
GJEPC to Design Sustained Marketing Campaign
Mumbai: Mr. Vipul Shah, Chairman of India’s Gem & Jewellery Export Promotion Council (GJEPC) said in an exclusive interview given to Mr. Suresh Chotai, editor of gems2jewellery.com that the Council has designed a sustained marketing campaign that would directly address the need faced by India and other emerging consumer markets. The promotion is aimed at boosting confidence in diamonds and
Lucara Finds 4th +1,000-ct Diamond at Karowe
Toronto: Lucara recently announced the recovery of a 1,080.1 carat diamond. It’s the fourth +1,000-ct stone from Karowe, in Botswana, since the mine opened in 2012. The Type IIa top white gem quality diamond measures 82.2m x 42.8m x 34.2mm and was recovered from direct milling of ore sourced from the mine’s South Lobe. In November 2015, a 1,109-carat stone
Rio to Build Largest Solar Plant in Canada’s North
Perth: Rio Tinto’s Diavik Diamond Mine is set to construct the largest solar power facility within Canada’s territories, featuring a vast array of over 6,600 solar panels. This innovative project will generate around 4,200 megawatt-hours of carbon-free electricity each year, catering to the mine’s energy needs. During the mine’s closure work, extending until 2029, the solar power plant will contribute
IIJS Premiere 2023 Generates Highest-Ever Business of over Rs. 70,000 Crore
Mumbai: The 39th edition of IIJS Premiere 2023, organized by India’s Gem & Jewellery Export Promotion Council (GJEPC), concluded with an overwhelming response generating its highest-ever business of over Rs. 70,000 crore for the trade. The second largest gem & jewellery fair of the world had 50,000 plus visitors at the two venues of JIO World Convention Centre (3-7 August)
Commerce Secretary Engages with Int’l Delegates
Mumbai: India’s Commerce Secretary Mr. Sunil Barthwal visited IIJS Premiere on 6th August at JWCC and NESCO, where he engaged in discussions with international delegations from several countries as well as the GJEPC Committee of Administration (CoA).The Secretary met with more than 150 international delegates attending IIJS Premiere 2023 with the aim of addressing trade challenges, exploring collaborative opportunities, and
