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
Gold-Silver Price-Setting Methods May Change
London: The decades-old methods for determining the daily benchmark prices for gold and silver seem set to change—the result of unwelcome attention from regulators and class-action lawsuits. Currently, the price of both metals is set at a daily teleconference by a number of prominent multinational banks—four in the case of gold, and three in the case of silver. However, the
CIBJO Gives Sustainability Frame for Pearl Sector
Milan: CIBJO President Gaetano Cavalieri has presented an outline for sustainability in the cultured pearl sector, emphasizing that a comprehensive approach must be taken that addresses economic, environmental and social responsibility. He was speaking at the Sustainable Pearls Forum, which took place in Hong Kong on June 21. The cultured pearl industry provides an opportunity to introduce concepts that often
Gold Curb Relaxations on the Way…
New Delhi: The government of India has indicated that there is a need to ease norms for bullion imports to boost supplies and jewellery exports. “There is a need of rationalisation in (gold import) duty and (gold import) procedure….We have already made it clear that there is a need to look at the current gold import regime,” commerce secretary Rajeev
RBI's Credit Limit Troubles Diamond Units
Surat: At least 350 small and medium diamond companies in the world’s biggest diamond cutting and polishing centre in Surat are facing severe financial problems with Indian banks strictly implementing the 90 days credit limit for overseas payment to rough diamond dealers in Antwerp and Dubai for the past four months, reports The Times of India. The Gem and Jewellery
Zim has Info on Diamonds Hidden By De Beers
Harare: Zimbabwean President Robert Mugabe said his government has managed to obtain information on the diamond sector that had been hidden by De Beers. Speaking in a wide-ranging interview with the state broadcaster, Mugabe who recently turned 91, said “clever people” had stolen the papers and gave them to Harare. “We know of diamonds that had been discovered by De
Gold Scheme Can Fetch Rs. 1 Lakh Crore: SBI
Mumbai: Describing the proposed gold deposit scheme as game changer, the SBIs economic research department has said it will help attract at least Rs. 1 lakh crore in deposits on the precious metal, reports The Economic Times. The proposed introduction of a gold deposit scheme is a big positive and conservative estimates show that the monetary value of gold deposits
Gemfields’ Auction Totals $14.5 Million
London: Gemfields’ latest auction of emerald and beryl has raised $14.5 million. The gemstone miner announced that the average price realized in the auction of stones from Kagem was $3.72 per carat, which it says was a new record for lower quality auctions. Of the 10.1 million carats that were offered for sale in Lusaka, 3.9 million carats were sold
Industry Disappointed with India's Budget
Mumbai: Mailbox of the gems2jewellery.com has been flooded with reactions of trade bodies and industry leaders expressing their ‘unhappiness’ over the latest budgetary proposals made by the Union Finance Minister Mr. Arun Jaitley. Here we produce them under one compiled news item: Mr. Vipul Shah, Chairman of the Gem & Jewellery Export Promotion Council (GJEPC) says: Our congratulations to the
