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
“Please Withdraw Gold Import Curbs…”
New Delhi: Commerce Minister Nirmala Sitharaman said that her ministry has recommended that the finance ministry seriously consider easing import curbs on gold to help the beleaguered gems and jewellery export sector, reports The Economic Times. Speaking to ET, Sitharaman, who is also minister of state for finance, said that while the current account deficit (CAD) crisis had been somewhat
New Device Grades Fancy Colored Diamonds
London: A new device can color-grade both fancy colored diamonds as well as diamonds with secondary hues, says a release from manufacturer ImaGem. The device uses data from thousands of samples to derive its grades for fancy colored stones, says Dr. Lalit K. Aggarwal, chairman of ImaGem, which manufactures the device. The device, called the GL3200, can “identify which stones
WDC Warns against Trading Diamonds with CAR
New York: The World Diamond Council has issued a warning that, despite the Administrative Decision of the Kimberley Process of May 23, 2013, which ordered the temporary suspension of trading in diamonds from the Central African Republic (CAR), production of diamonds in that country is continuing and there is evidence of diamonds from the CAR reaching the markets. The WDC
Entries Invited for Artisan Awards
Mumbai: India’s Gem & Jewellery Export Promotion Council (GJEPC) has been recognizing and rewarding the best in jewellery design. The Artisan celebrates the highest levels of artistry, innovation and individuality, elevating jewellery designers to their rightful status of artists. The Artisan jewellery Design Awards 2014 invites India’s finest jewellery designers to push their design boundaries and reveal their utmost creativity
India to Resume Rough Imports from 15 Dec
Mumbai: The Indian gem & jewellery industry announces that the voluntary suspension of rough diamond imports, which was in effect from 15th October to 15th December 2023, will be lifted on 15th December 2023. The suspension was a collective decision taken by the Indian diamond industry, represented by the GJEPC, Bharat Diamond Bourse (BDB), Mumbai Diamond Merchants Association (MDMA), Surat
Entice, KGK 1905 to Open 10 New Stores in India
Mumbai: ‘Entice, KGK 1905’ is all set to launch 10 more stores in India by end of March 2025. Entice, KGK 1905 has established its presence worldwide, encompassing cities such as Jaipur and Mumbai in India, as well as Botswana,Hong Kong and Dubai on a global scale. Blending the highest form of aestheticism, elegance and style that reflects the rare combination of classical and contemporary
Antwerp’s Clarity Capital Finance Onboards First Client
Antwerp: Welcomed last year as a new player in the Antwerp diamond market, Clarity Capital Finance now announces it has finalized its first financing program last week and has fully kickstarted its operations in Antwerp by onboarding and financing its first client. The company is a Multi Seller Trade Receivables Finance Platform, a bespoke SPE set up for the purpose
G7 Ban on Imports of Russian Diamonds
Mumbai: G7 leaders on Wednesday agreed to impose a direct import ban on Russian diamonds as of January, while introducing a tracing system for diamonds during next year. Russian diamonds are one of the last resources not sanctioned by the G7, meaning the profits from selling them can go into the Kremlin’s war chest. On Wednesday, G7 leaders decided to
