We Wish to Build Globally Relevant SKY Gold: Akash Talesara
Israel’s Diamond Industry Under Severe Pressure
Did Natural Diamond Ind. Misjudge LGD Threat?
With December Hike Odds Intact, Can a Midterm Rally Repair Gold, Silver’s Breakdowns?
Macro Snapshot: Gold posted its best week since late August, but it got there on rate relief that had disappeared by Friday. COMEX gold rose 4.5% to $4,074.9 and silver 5.4% to $51.94 while cheaper oil pushed the odds of a December Fed hike down from about 71% on 30 October to 64% ahead of Friday’s payrolls, according to CME FedWatch readings reported by Benzinga and Reuters. The jobs data sent the odds back up to 74.8%, CNBC reported, a
With December Hike Odds Intact, Can a Midterm Rally Repair Gold, Silver’s Breakdowns?
Macro Snapshot: Gold posted its best week since late August, but it got there on rate relief that had disappeared by Friday. COMEX gold rose 4.5% to $4,074.9 and silver 5.4% to $51.94 while cheaper oil pushed the odds of a December Fed hike down from about 71% on 30 October to 64% ahead of Friday’s payrolls, according to CME FedWatch readings reported by Benzinga and Reuters. The jobs data sent the odds back up to 74.8%, CNBC reported, a
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"Be Sensitive To Festival Dates": WFDB
Antwerp: The World Federation of Diamond Bourses (WFDB) is calling on international trade fair organizers to “be sensitive to dates” when scheduling events so they don’t fall on religious festivals and thus prevent some industry members from taking part. “The fast expanding number of trade shows and exhibitions held across the world has often been scheduled in such a way
AGS Launches Virtual Guild
New York: The American Gem Society (AGS) has launched a virtual guild, which is open to all members of the trade. The first GoTo Guilds meeting will be a presentation by Peter Yantzer, executive director of AGS Laboratories, on “Light Performance 101,” an in-depth primer on the American Gem Society’s Light Performance Cut Grade on July 8. “Originally, the intention
Quality Label ‘Antwerp’s Most Brilliant’
Antwerp: The City of Antwerp and the AWDC awarded three additional Antwerp jewelers the quality label ‘Antwerp’s Most Brilliant’, indicating they meet the strictest requirements in terms of quality, service and transparency. Antwerp’s Most Brilliant was launched earlier this year and collects the city’s most qualitative and reliable jewellers, living up to Antwerp’s reputation as a diamond centre of excellence.
“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
BDB Rises to Fight the COVID-19 Threat
Mumbai: Bharat Diamond Bourse (BDB) committee commends the efforts of Prime Minister Mr. Narendra Modi and Maharashtra Government, CM Mr. Uddhav Thakrey to fight the war against COVID-19. BDB also acknowledges the entire team of Health workers, Police, Doctors, Mumbai Municipality and all the COVID fighters to have stood alongside people of the country to win the COVID war. BDB
Some G&J Units in Surat & Jaipur Resume Production
Mumbai: A little over a month since the lockdown to contain the spread of the coronavirus began in India, a few gem and jewellery (G&J) manufacturing units in the Surat SEZ and in the Jaipur SEZs and EPIP have resumed limited production observing all safeguards and other prescribed norms. The first export parcels from these centres have also been shipped.
The Pandemic Fuelled Investment Demand for Gold
Mumbai: Global gold demand held firm at 1,083.8t in Q1 2020, a rise of 1% on the same period last year, according to the World Gold Council’s (WGC) latest Gold Demand Trends report. The global COVID-19 pandemic fuelled safe-haven investment demand for gold, with gold-backed ETFs attracting huge inflows (+298t) to push global holdings in these products to a record high
De Beers Group Donates for Women's Cause
Gaborone: De Beers Group yesterday announced a $200,000 donation across its four producer partner countries of Botswana, Canada, Namibia and South Africa to assist women’s shelters and support organisations to respond to an increase in gender-based violence resulting from the COVID-19 situation. The donation will be split equally across Botswana, Canada, Namibia and South Africa. It adds to the contributions
