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
ALROSA’s Net Profit under RAS +59% in 1H
Moscow: Following the 1st half of 2014 OJSC AK ALROSA posted net profit under RAS soared by 59%, or 1.6 times, – to RUB 24.174 billion compared to RUB15.209 billion a year earlier, according to the company’s financial statement, cited by Finmarket.ru. ALROSA’s revenue increased by 20% and amounted to RUB81.551 billion compared to RUB68.01 billion in the 1st half
EU, US to Impose New Russia Sanctions
Washington: The United States and European Union plan to impose new sanctions against Russia this week, including penalties targeting key sectors of the Russian economy, the White House said Monday. The show of Western solidarity comes as the US accuses Russia of ramping up its troop presence on its border with Ukraine and shipping more heavy weaponry to pro-Moscow separatists
India's Jewellery Exports Up by 25% in June
Mumbai: The silver jewellery exports from India surged by 25.06% year-on-year to touch $134.52 Million (Rs. 803.50 crores) during the month of June this year while its gold jewellery exports too soared by 24.96% year-on-year to $664 Million (Rs 3966.07 crores), in accordance with the latest data released by the Gem and Jewellery Export Promotion Council (GJEPC). According to GJEPC,
‘Next Generation’ Gemstone Report Disclosure
London: Gemstone miner Gemfields and Gubelin Gem Lab have announced what they call the “next generation” of disclosure on laboratory-issued gemstone certificates. Unlike current gemstone certificates, which are issued without disclosing the identity of the party presenting the gemstone to the laboratory for a report, Gubelin Gem Lab will offer its clients the option of including their names included on
De Beers Appoints Lupita Nyong’o as Global Ambassador
London: De Beers has appointed Lupita Nyong’o as its first Global Ambassador. The Academy Award-winning actor stars in the new brand campaign, De Beers: Where It Begins, which tells the story of the only global luxury brand that starts at the source. As a core element of the partnership Nyong’o will support De Beers’ Building Forever commitment, which aims to
De Beers Declares 2023 Sight Dates
Gaborone: De Beers has released its sales schedule for next year, with the miner holding its usual 10 sights across the 12-month period. The miner sells most of its rough to sightholders through a contract system under which clients make certain purchasing commitments in return for consistent supply. In April 2021, the miner introduced a new sales agreement offering more
Adil Kotwal Appointed as Chairman of GJSCI
Mumbai: Gem & Jewellery Skill Council of India (GJSCI) scheduled its Board Meeting yesterday at its registered office in SEEPZ, Mumbai. Mr. Sanjay Kothari the Chairman of GJSCI who was elected in October 2018, has completed his term making way for a new Chairman to be elected by the Board. Mr. Adil Kotwal, Managing Director, Creation Jewellery has been voted
Gold Industry Commits to Responsibility & Sustainability Principles
Lisbon: The gold industry has come together, convened by LBMA and World Gold Council (WGC) to sign a Declaration of Responsibility and Sustainability Principles which formally expresses a shared commitment to operating in a responsible and sustainable way based on clear set of shared goals. The Declaration was announced at the LBMA/LPPM Global Precious Metals Conference, Lisbon on 18th October.
