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
AWDC Participates in the Mine Entra Fair
Antwerp: The Antwerp World Diamond Centre (AWDC), the world leader in diamond trade, participates in the Mine Entra exhibition in Zimbabwe for the first time. “Now that the European sanctions are lifted, the way is open for intensive collaboration between Zimbabwe and the main commercial center for diamonds,” said Ari Epstein, CEO of the Antwerp World Diamond Centre. 84% of
Pangolin Recovers White Macro-Diamond
Gaborone: Pangolin Diamonds has recovered a white macro-diamond weighing 0.005484 carats from a soil sample on its recently acquired Malatswae project prospecting licence PL247/2014, in Botswana. It said in a statement that a field team was now on site collecting follow-up samples on a close-spaced grid to help determine the significance of this discovery. The Malatswae kimberlite project was located
De Beers July Sight Estimated at $775M
Gaborone: The De Beers July sight closed with an estimated value of $775 million. De Beers reportedly raised prices slightly on most goods by 1 percent to 2 percent with sharper hikes in the prices of smaller and lower-quality diamonds. Sightholders noted that De Beers also changed the assortment in its presentation, which partially offset the higher prices of its
RBI Relaxes Ceiling on Loans against Gold
Mumbai: The Reserve Bank of India has relaxed the Rs 1-lakh ceiling on loans for nonagricultural purposes against pledged gold and has left it to individual banks to decide on a lending cap. “Banks, as per their board-approved policy, may decide upon the ceiling with regard to the quantum of loans that may be granted against the pledge of gold
GJPEC in Jewellery Arabia with 64 Companies
Mumbai: The Gem and Jewellery Export Promotion council (GJEPC) is participating in the forthcoming 23rd Jewellery Arabia exhibition in Bahrain at the Bahrain International Convention & Exhibition Centre from November 18 to 22, 2014 represented by 64 leading names from the Indian Gems & Jewellery industry. The participation has increased over last year and so has the exhibit space by
Glitter of Gold Worries Govt. of India
Mumbai: Alarmed with the substantial surge in imports of gold during last couple of months, the Indian government may be compelled to introduce such measures to regain control over the heavy imports of the yellow metal. India’s October 2014 gold imports have jumped to 148 tons which indicate six-fold rise from less than 25 tons in the same month of
GTL Achieves Big Growth
Mumbai: The Gem and Jewellery Export Promotion Council’s Gem Testing Laboratory (GTL) at Jaipur showed a 40% growth in its performance in April – September 2014 compared to 15% growth in the same period last year. Being founded under the aegis of the Council (GJEPC), GTL has scored over their performance last year on account of constant upgrading of technology
GJEPC Insists again to Introduce Presumptive Tax
Mumbai: A 15-member delegation of India’s Gem & Jewellery Export Promotion Council (GJEPC) officials and industry members, led by GJEPC Chairman Vipul Shah, met Hon’ble Mr. Saurabh Patel, Finance Minister, Government of Gujarat, on Sunday November 16th. One of the important issue discussed among others was that of presumptive taxation. For long now, the diamond industry of the country has
