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
Japan’s First Lady Visits Rio Tinto’s Pink Diamonds
Perth: Rio Tinto’s iconic Argyle pink diamonds were part of the inaugural visit to Western Australia by Japan’s First Lady Mrs. Akie Abe at the invitation of the Western Australian Government. The 2014 Argyle Pink Diamonds Tender collection, comprising around 50 of the rarest and most valuable pink diamonds in the world, were showcased in an exclusive preview for Mrs.
Forevermark Expands to UK and Ireland
London: Forevermark, the diamond brand from De Beers Group of Companies announced yesterday it will be expanding into the United Kingdom and Ireland this autumn. Crossworks Manufacturing Ltd. has been appointed as the only licensee partner and will be working with a select number of retailers to bring Forevermark diamonds to the region. Forevermark CEO Stephen Lussier comments, “London is
Gaetano Cavalieri Addresses ECOSOC
Milan: CIBJO President Gaetano Cavalieri has addressed the High Level Segment of the UN Economic and Social Council in New York, and in his presentation stressed the commitment of both CIBJO and the international jewellery sector to assisting the United Nations meet its development goals. Dr. Cavalieri was addressing the annual keynote gathering of the UN agency as the head
5th Edition of IIJW Inaugurated in Mumbai
Mumbai: After completion of four successful years, the 5th edition of India International Jewellery Week, popularly known as IIJW, was inaugurated this morning in Mumbai by Mrs. Rashmi Thackeray. Present at the inauguration were Mr. Vipul Shah, Chairman of the Gem & Jewellery Export Promotion Council (GJEPC), Mr. Pankaj Parekh, Vice Chairman of GJEPC and other degnitories. Conceived and conceptualized
India's Polished Diamond Exports Drop 18% in July
Mumbai: India’s exports of polished diamonds dropped 18.3% last month, as rough imports plummeted 43% in the month from a year earlier, according to information released by The Gem & Jewellery Export Promotion Council (GJEPC). In volume terms, the drop was 14.4 percent with the country exporting 2.80 million carats last month versus 3.26 million carats a year earlier. The
Doha Bank Imports Record Gold Volumes
Doha: Falling gold prices continue to fuel strong buying interest in gold, Doha Bank is building up its gold supply to meet increased consumer appetite for the yellow metal, website CPI Financial reports. The Bank imported 23,818 ounces of gold in the first seven months of 2015 to keep up with sustained demand from jewelry manufacturer, jewelers, retail and high
Dominion Diamond Reports 2Q Sales Decrease
Toronto: Dominion Diamond Corp. said fiscal 2016 second quarter diamond sales were $209.7-million, versus $277.3 million in the comparable quarter (May-July) of fiscal 2015. The results reflect production from the Diavik and Ekati diamond mines, according to a company announcement. In July, the company initiated changes to the diamond liberation process to optimize diamond recovery at the Ekati diamond mine
Botswana Cuts 2015 Growth Forecast to 2.6%
Gaborone: Botswana, the world’s biggest diamond producer, cut its 2015 economic-growth forecast by almost half because of an expected decline in demand for the precious stones. The southern African nation now forecasts expansion at 2.6%, the Finance Ministry said in a 2016-17 budget document. That compares with a projection of 4.9% announced by the government in February. “The downside risk
