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 the Fed’s First Rate Hike Since 2023, Indian Gold & Silver Rise as Oil Drives Prices
Macro Snapshot: Federal Reserve raised its target range by 25 basis points to 3.75% to 4.00% on 16 September, a unanimous 12-0 vote and the first increase since July 2023. Updated projections showed 16 of 18 participants expecting at least one further hike before the end of 2026, put the median path at 4.1% for both 2026 and 2027, and pencilled headline PCE inflation at 3.7% for 2026 with no return to the 2% target until 2029. Bond and currency
Despite the Fed’s First Rate Hike Since 2023, Indian Gold & Silver Rise as Oil Drives Prices
Macro Snapshot: Federal Reserve raised its target range by 25 basis points to 3.75% to 4.00% on 16 September, a unanimous 12-0 vote and the first increase since July 2023. Updated projections showed 16 of 18 participants expecting at least one further hike before the end of 2026, put the median path at 4.1% for both 2026 and 2027, and pencilled headline PCE inflation at 3.7% for 2026 with no return to the 2% target until 2029. Bond and currency
Top News
3 Carat Synthetic Largest-Ever Grown Gem
New York: Pure Grown, the man-made diamond company formerly known as Gemesis, is selling a 3 ct. K SI stone—which it calls the largest colorless diamond ever produced by nonnatural means, reports jckonline. Lisa Bissell, the Fabrikant veteran recently appointed president and CEO of the company, says that she has every intention of selling the gem, which has a report
Zimbabwe Imposes Embargo on Rough Export
Harare: The Zimbabwean government has reportedly banned the export of rough diamonds to ensure the country realises maximum value for its gems. NewsDay quoted Mines and Mining Development minister Walter Chidhakwa as saying that the issue was extensively discussed and Cabinet agreed and directed that “we implement the new institutional programme”. He said Harare had recognized that it was “not
GJF Launches Monthly ‘G&J Times’
Mumbai: The All India Gems and Jewellery Trade Federation (GJF), the national trade federation for the promotion and growth of trade in Gems and Jewellery (G&J) Industry across India, hosted an exciting 6th edition of its signature GJF NITE 2014 in Mumbai. The fun filled, entertaining and musical fashion extravaganza event, presented by R. M. Jewellery and powered by CVM,
India to Continue Gold Import Curbs
New Delhi: Curbs on gold import are likely to remain in place with Finance Minister Arun Jaitley today saying the government is inclined to continue with this measure along with other steps taken by the previous UPA regime for controlling the widening CAD as they have worked. “Each step is being continued…efforts are being made to continue each of these
36th World Diamond Congress Concludes
Antwerp: The 36th World Diamond Congress concluded in Antwerp, Belgium, and reflected strength in the attendance and the presence of international diamond, gem stone and jewellery industry organization delegates. These included the representatives of 30 bourses affiliated to the World Federation of Diamond Bourses (WFDB), 15 members of the International Diamond Manufacturers Association (IDMA), the two bodies that organize the
ADB's Profit -31%, Interest Income +13%
Antwerp: The Antwerp Diamond Bank (ADB), a subsidiary of the KBC Bank, reported that its balance sheet fell 7 percent year on year to $2.4 billion (EUR 1.692 billion) in 2013, according to a report published on Rapaport. A selective credit issuing policy during the year held the bank’s number of debtors stable, and global net interest income rose almost
Chow Tai Fook to Buy Hearts On Fire for $150 Mn
Beijing: Chinese retailer and manufacturer Chow Tai Fook is buying all the assets of diamond brand Hearts On Fire for $150 million in cash, reports jckonline. The company will be run as a standalone division under current management, a statement said, though there are plans to introduce the brand into Chow Tai Fook’s retail network in Hong Kong, China, Macau,
Hardest Synthetic Diamond Ever Made Unveiled
Beijing: Chinese researchers from Yanshan University have created a synthetic diamond harder than its natural counterpart and able to withstand even hotter temperatures, according to a report published in mining.com The team, led by Yongjun Tian, says the new form of diamond could be used to make superior cutting or crushing tools, capable of operate under very extreme conditions. The
