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
Myanmar Sells $3bn in Gems
Naypyidaw: Myanmar’s annual gem emporium took in more than $3 billion this year, the most ever for the country’s annual sale of gems and jade, organizers said Tuesday. Income reached $3.4 billion and saw the successful auction of 6,007 of 7,454 jade lots, 126 out of 436 gem lots and 224 of the total 342 pearl lots, they said. “This
Forevermark Hosted Forum 2014
Jaipur: Forevermark, the diamond brand from De Beers group hosted the 3rd Annual Forevermark Forum in The Pink City to celebrate the brand for the year 2014. The three day interactive forum held from 02nd till 04th June 2014 in the city of Jaipur for its key associates & stakeholders was a massive success and was attended by India’s leading
JCK Show to Remain a Four-Day Format
Las Vegas: JCK Las Vegas will continue as a four-day show, according to an announcement sent out to exhibitors. “While some customers had expressed a desire for JCK to extend to five days, the research simply did not indicate enough interest to justify a fifth day and the costs associated with an extra day,” said a note sent out to
De Beers Sending AMS Machines to Sightholders
Gaborone: Jonathan Kendall, President of De Beers’ International Institute of Diamond Grading & Research (IIDGR), said the Automated Melee Screening (AMS) instrument is being dispatched to Sightholders across the globe. The first installation and training sessions successfully took place at the end of June with Tasaki and Rosy Blue in Japan. “The focus has now shifted to installing the AMS
De Beers June Sight of $550 Million
Gaborone: The De Beers June sight closed with an estimated value of $550 million. Diamond prices were reportedly stable at the sight, while sightholders noted a slight increase in the box price of larger goods. Some added that De Beers also improved the assortment quality on those same boxes. Sightholder sentiment remained negative at the sight as manufacturers stated that
India’s Polished Exports Down 9% in May
Mumbai: Overall exports of gems and jewellery from India during May 2015 declined by 6.9% as compared to a year ago, reflecting the myriad challenges being faced in global markets, as well as the currency fluctuations during this period. Total exports of gems and jewellery during the month of May 2015 stood at US$ 2,504.51 million as compared to US$
Sterling Silver Jewellery Association Formed
Mumbai: Sterling Silver Jewellery Association (SSJA) was launched yesterday in Mumbai with its primary goals as Promoting, Protecting, and Progressing of the industry. Chairman Mr. Arvind Bafna, officially announcing the formation of the SSIA said, “The silver industry needs to have a strong representation at the government and industry level and at the same time create awareness about the sterling
Surat Diamantaires to Discard ‘Chitthi’ System
Surat: The paper chits, which are otherwise thrown into dustbins, have been an important trade instrument in the Rs 90,000 crore diamond industry for over six decades now. But, this ‘chitthi system’ that is based on mutual trust is set to be banished now, reports The Times of India. Following an increase in defaults and cheating cases, the small and
