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
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
Will China Overtake India in Diamond Mfg?
Beijing: India’s long-held position as the world’s top diamond polisher is being challenged by soaring output from China, compelling the south Asian country to seek help from ally and top rough diamond supplier Russia to defend its market share. India has traditionally relied on the middlemen in trading hubs of Antwerp, Tel Aviv and Dubai for its supply of rough
ALROSA Wins Auction on Molodo Diamond Deposit
Moscow: OAO Nizhne-Lenskoye, an ALROSA subsidiary, won an auction for the license to explore and develop the diamond placers near Molodo River in the Sakha (Yakutia) Republic. OAO Nizhne-Lenskoye offered 51.776 million rubles for the licence to commence operations at the deposit. The starting price was 43.147 million rubles. The offering is subject to the approval of the Government of
Diamond Cluster Found in Anantapur, India
Hyderabad: Another kimberlite pipe, possibly diamond bearing, has been found in Anantapur district during exploration by experts from National Mineral Development Corporation (CNMCD) and Hyderabad based National Geophysical Research Institute (NGRI), reports Deccan Chronical. It is the seventh kimberlite pipe to be discovered in the Kalyandurg cluster of Anantapur district and has been labeled KL-7. Most diamonds are mined from
India’s Jewellery Exports More than Double this Year
Mumbai: The gold jewellery exports from India recorded significant surge of 114.67% year-on-year to $3,764.48 Million (Rs. 22,786.77 crore) during the period from April to November this year. Also, the exports of silver jewellery picked up significantly by 28.79% year-on-year to $1,310.54 Million (Rs. 7,951.80 crores) during the eight-month period, in accordance with the latest data released by the Gems
