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
Rare Tiny Diamonds Found in Australia
Perth: An extremely rare type of diamond has been discovered in Australia – but it will be of more interest to geologists than the gem industry, reports idexonline.com. The “metamorphic diamonds” are invisible to the naked eye and can only be viewed with a laser and a microscope. Researchers from James Cook University, in Queensland, found them in rocks along
5th Platinum BSM Concluded Successfully
Bengaluru: Following the success of four editions in the past, Platinum Guild International – India successfully culminated its fifth edition of ‘Platinum Buyer-Seller Meet’ (BSM) on 14th & 15th July in Bangalore. Organized exclusively as a by-invitation-only meet for select authorised platinum jewellery manufacturers & retail partners under the PGI programme, the meet showcased the true potential of platinum and
De Beers H1 Revenue +24% To $3.6 Billion
London: De Beers’ total revenue in H1 2022 that ended 30th June increased 24% year-on-year to $3.6 billion, with rough diamond sales rising 27% to $3.3 billion, as the midstream replenished their stocks following strong consumer demand over the holiday season. Rough diamond sales volumes dropped 20% to 15.3 million carats as against 19.2 million in the prior period, which
Gold Demand Recovers in First Half of 2022
Mumbai: The World Gold Council’s (WGC) latest Gold Demand Trends report reveals that gold demand (excluding OTC) in the second quarter was down 8% year-on-year to 948t. However, thanks to strong ETF inflows in Q1, gold demand for the first half of 2022 is up 12% compared to H1 2021 at 2,189t. After an initial rally in April on geopolitical
