We Wish to Build Globally Relevant SKY Gold: Akash Talesara
Israel’s Diamond Industry Under Severe Pressure
Did Natural Diamond Ind. Misjudge LGD Threat?
Why Did Gold & Silver Break Down Just as Fed Hike Bets Faded
Macro Snapshot: The rate backdrop eased during the week ending 23 October, which makes the metals’ slide harder to explain. CME FedWatch odds of a hike at the 27 to 28 October FOMC meeting had settled near one in three on 14 October, after the 3.7% September CPI print, and stood at 9.4% by 23 October. December hike odds slipped from about 90% to close to 80%. The 10-year Treasury yield closed at 5.00% against 5.09% a week earlier, and
Why Did Gold & Silver Break Down Just as Fed Hike Bets Faded
Macro Snapshot: The rate backdrop eased during the week ending 23 October, which makes the metals’ slide harder to explain. CME FedWatch odds of a hike at the 27 to 28 October FOMC meeting had settled near one in three on 14 October, after the 3.7% September CPI print, and stood at 9.4% by 23 October. December hike odds slipped from about 90% to close to 80%. The 10-year Treasury yield closed at 5.00% against 5.09% a week earlier, and
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198 Carat Rough Found in Lesotho
Maseru: Africa has unearthed yet another eyebrow-raising mega-rock—this time a 198 ct. white type IIa diamond described as of “exceptional quality.” The stone was found at the Letšeng mine in Lesotho, said owner Gem Diamonds. The diamond “displays no fluorescence and is expected to achieve an exceptional price when sold this year,” the company said. Spokesperson Sherryn Tedder said she
Four Leaders Join Board of Directors of PDE
Panama: The Panama Diamond has announced that four key leaders of the international diamond and jewelry industries have joined the Board of Directors of the Panama Diamond Exchange. They are Roberto Coin, the world renowned Italian jewelry designer and manufacturer; Maxim Shkadov, President of the International Diamond Manufacturers Association; Shmuel Schnitzer, President of the Israel Diamond Exchange; and Reuven Kaufman,
India's Gold Jewellery Imports Jump 10% in Q1
Mumbai: India’s gold jewellery imports surged 10 per cent to Rs. 696.44 crore in the first quarter of this fiscal as high premium on the yellow metal following tough import norms forced traders to get finished jewellery from abroad, the Gems and Jewellery Export Promotion Council (GJEPC) has said. However, import of gold bars declined marginally by 3.32 per cent
More Than 200 Buyers Registered for Diamond Week
Ramat Gan: More than 200 foreign buyers are registered already for participation in the International Diamond Week (IDW) that will be held September 1-4 at the Israel Diamond Exchange (IDE). They will come face-to-face with more than 350 diamond firms which will exhibit their diamond stocks in the IDE’s trading hall. Since the IDW is a joint effort of the
‘Safe Business Environment’ Created in Surat
Surat: Diamantaires in the multi-billion dollar world’s biggest diamond cutting and polishing centre in Surat have abolished the age-old ‘chitti’ system for a foolproof promissory note mode, reports The Times of India. The paper chits have been an instrument of trade in the diamond industry for over six decades now. But, this ‘chitti’ system, which was based on mutual trust,
India Floats Idea of Setting up Gold Board
New Delhi: The Indian Government has floated the idea of a Gold Board to ensure coordinated policy action, reports the Business Standard. The finance ministry held a round of discussions last month with stakeholders and sought their views on a National Gold Board, a body on the lines of the Financial Stability and Development Council. A government official said discussions
Largest Blue Star Sapphire Found in Sri Lanka
Colombo: Gemologists in Sri Lanka claim that the largest blue star sapphire yet has been discovered in a mine in the country, reports BBC News. The gemology institute in the capital Colombo has certified that the gem weighs 1404.49 carats and say they have not certified anything larger. The gem is valued at approximately $100m and the current owner estimates
Israel Diamond Exg to hold 'Ambassador Day'
Ramat Gan: The Israel Diamond Exchange (IDE) will be hosting a significant number of Ambassadors, Consuls and economic attaches during the winter edition of The International Diamond Week in Israel to be held on the IDE trading floor from February 14 to 18. On the afternoon of February 16, the diplomats will tour the trading floor, visit the Harry Oppenheimer
