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
Russia's Rough Exports Increased by 21.5% in 1Q
Moscow: Russia’s natural rough diamond exports increased 21.5 percent on the year to 12.01 million carats in the period from January to March, the Finance Ministry said on Monday. Diamond imports dropped 2.6 times in carat terms to 8,040 carats. In monetary terms, Russia’s diamond exports rose 20.6 percent to $1.41 billion while imports halved to $16.5 million, PRIME reports.
Raise Import Payment Credit to 180 Days: GJEPC
New Delhi: With expectations running high from the first budget of the Narendra Modi government at the Centre, a delegation of diamond traders and representatives of Gems and Jewellery Export Promotion Council (GJEPC) today met the Union Finance Minister, Arun Jaitley in New Delhi demanding relaxation in various rules relating to gems and jewellery industry. However, gold importers may feel
Suresh Shah New VP of IDMA
Antwerp: With the wrap-up of the 36th World Diamond Congress, the International Diamond Manufacturers’ Association (IDMA) concluded its meetings with the election of its officers. Maxim Shkadov was unanimously re-elected for a second term as IDMA President and Ronnie VanderLinden and Stephane Fischler were re-elected as Secretary General and Treasurer, respectively. IDMA Vice President Edward Asscher, who was recently elected
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
De Beers Announces Changes to Exe. Committee
London: De Beers Group has announced its new organisational structure and Executive Committee. The structure is designed to deliver De Beers’ strategy, generating sustainable profitable growth and building on the company’s leading position in the diamond industry. The composition of the De Beers Executive Committee – the most diverse in its history – reflects the breadth of the business, stretching
C. Krishniah Chetty Acquires Reena’s Paintings
Toronto: Artist Reena Ahluwalia has released intricate, bedazzling paintings of the Maharaja and Maharani of Mysore. Now, the Royal Mysore paintings have been acquired by C. Krishniah Chetty Crystal Museum – a private, by-appointment museum in Bengaluru, India. In Royal Mysore paintings, Ahluwalia captures the opulence of the past and etches the historic legacy of Indian gems and jewelry onto
Rio Tinto unveils Beyond Rare collection of diamonds
Perth: Rio Tinto has introduced its much-anticipated Beyond Rare™ collection, featuring a stunning array of pink, red, and yellow diamonds. The collection unveiled in an invitation-only event known as The Art Series, boasts 48 exceptional polished diamonds, including heritage inventory from the renowned Argyle diamond mine and precious yellow diamonds from Rio Tinto’s Diavik diamond mine. Sinead Kaufman, chief executive of Rio Tinto
IDE Opens “Stand With Israel” Sales Event
New York: The Israel Diamond Exchange (IDE) opened the special sales event “STAND WITH ISRAEL” recently at the New York Diamond Dealers Club. The event was from No held vember 27 – 30, 2023, on the trading floor of the DDC, with the participation of 25 leading diamond companies from Israel. The event was opened by Israel Diamond Exchange President
