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
Forevermark Eyeing 30% Revenue from India
Jaipur: Forevermark, the premium diamond brand from the world’s largest diamond company, De Beers Group, expects India to contribute about 30 per cent to the brand’s global sales in three-four years from about 15 per cent now. Forevermark, which entered the Indian market in 2011, retails through over 150 retailers and wholesalers across the country. The company doesn’t intend to
World’s Largest Faceted Sapphire Up For Sale
Atlanta: Ophir Collection, LLC has announced that the Ophir Collection of rare gemstones is available for sale. The collection has been awarded nine GUINNESS WORLD RECORDS titles. Included within the collection is the world’s largest faceted Sapphire, the Ophir Sapphire. Weighing 31,308 carats, roughly the size of a dinner plate, the extraordinary blue gemstone is recognized by Guinness World Records
Two Miners Leave World Gold Council
London: Two longtime members of the World Gold Council have resigned from the organization, reportedly for financial reasons. The decisions of AngloGold Ashanti and Gold Fields to leave were cost based, according to a report in Bloomberg. In a statement, the organization said it “regrets the departures.” “As long-standing members, AngloGold Ashanti and Gold Fields have played a leading role
China’s Gold Demand to Continue For 20 Years
Beijing: China’s strong appetite for gold is expected to continue for the next 20 years, driven by the country’s increasing per capita income and the global shift of gold consumption from the West to the East, the China Gold Association said. In 2013, China’s gold consumption reached 1,176.4 tonnes, making it the world’s biggest gold consumer. Its consumption in 2014
KP Forms Ad Hoc Reform & Review Committee
Gaborone: The Kimberley Process Certification Scheme (KPCS) Plenary held from 1st to 4th November 2022 in Gaborone, Botswana, continued its commitment for maintaining a conflict-free natural diamond supply chain with constructive and fruitful discussions between participants. The Working Group achieved desired outcomes and conclusions on various matters through consultations and consensus. As per the rules and procedures of the Core
Shine your New Season with Platinum Love Bands
Mumbai: Rare is a love that commits to doing a million things for each other every day. As couples #CommitToLove, they commit to being each other’s best friends, advisors and partners through all the small moments and the big milestones, always finding strength in the rare love that they share. Be it cheering for your partner, listening to their favourite
De Beers Releases Diamond Insight Report 2022
London: Ethical assurances, ‘phygital’ retail strategies, branded offerings and Web3 experiences are key trends shaping how diamond consumers – in particular Gen Z – perceive and engage with diamond jewellery, according to new research published by De Beers Group in the 2022 Diamond Insight Report – A new diamond world: bringing trusted brands to new generations in a digital age. Based on
KP Reform Essential to Stay Relevant, Says WDC
Gaborone: If the Kimberley Process (KP) does not adopt the reforms necessary to ensure that its rough certification scheme remains relevant in a changed world, natural diamonds could lose relevance with the new generations of socially conscious diamond consumers, said World Diamond Council (WDC) President Edward Asscher, in his address to the Opening Session of the KP Plenary in Gaborone,
