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
IMF Urges Zimbabwe to Boost Transparency
Harare: The International Monetary Fund (IMF) stated that Zimbabwe remains committed to implementing the policies and reforms that were agreed to with an IMF-monitored program and to stay engaged with international financial institutions. The program marked its first anniversary this month and while the IMF suggested a number of guidelines to stabilize Zimbabwe’s economy, the organization also concluded that the
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
'indiamoderne' is the Theme of Artisan Awards 2023
Mumbai: India’s Gem & Jewellery Export Promotion Council (GJEPC) has announced the launch of the 6th edition of The Artisan Awards, country’s premier jewellery design competition. The prestigious annual contest invites designers from India and overseas to submit their entries, showcasing excellence and innovation in jewellery design. The main theme for 2023 is indiamoderne, where the world of art will inspire jewellery
Sergey Ivanov, Alrosa CEO to Quit Early
Moscow: Sergey Ivanov is to step down early as CEO of Alrosa, Russia’s state-controlled diamond miner, according to media reports.He will reportedly join the private investment firm Volga Group, owned by Gennady Nikolayevich Timchenko, a billionaire and long-time friend and ally of Russia’s president Vladimir Putin. Mr. Ivanov was appointed as Alrosa’s youngest ever boss in 2014, aged 36, and
IDE to Host Week-Long Diamond Event in March 2023
Ramat Gan: The Israel Diamond Exchange (IDE) is celebrating its first diamond happening in three years with a full week of exciting events. The Israel International Diamond Week, March 27-30, 2023, which will include a professional conference, an international exhibition and the World Diamond Congress is now open for registration. The first Israel Diamond Conference on March 27, 2023 will bring together the senior
CIBJO Adopts New Logo with Registered Website
Milan: It is the still the longest serving and most representative international association operating in the world’s jewellery and gem industry, but after 30 years the World Jewellery Confederation (CIBJO) is upgrading its outward appearance, adopting a new logo and launching a redesigned website. In a subtle way, the association’s name has been adjusted as well, with “The World Jewellery
