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
Inaugural Ruby Auction Nets $33.5m – Gemfields
Johannesburg: The inaugural auction of rough ruby and corundum mined at Aim-listed Gemfields’ 75%-owned Montepuez deposit, in Mozambique, has raised $33.5-million, taking the coloured-gemstones mining and marketing company’s overall revenue for rough gemstone sales to in excess of $143-million for the current financial year. The auction, held in Singapore from June 12 to 17, had included both high- and low-quality
GJEPC Demands Relaxations from Govt.
Mumbai: The Gems and Jewellery Export Promotion Council (GJEPC) has urged the government to reduce import duty on gold and silver to 2 per cent from 10 per cent. An official News Release received by this website says that the body has also demanded for scrapping the existing 80:20 scheme, which was imposed by the government in August last year,
36th World Diamond Congress Concludes
Antwerp: The 36th World Diamond Congress concluded in Antwerp, Belgium, and reflected strength in the attendance and the presence of international diamond, gem stone and jewellery industry organization delegates. These included the representatives of 30 bourses affiliated to the World Federation of Diamond Bourses (WFDB), 15 members of the International Diamond Manufacturers Association (IDMA), the two bodies that organize the
ADB's Profit -31%, Interest Income +13%
Antwerp: The Antwerp Diamond Bank (ADB), a subsidiary of the KBC Bank, reported that its balance sheet fell 7 percent year on year to $2.4 billion (EUR 1.692 billion) in 2013, according to a report published on Rapaport. A selective credit issuing policy during the year held the bank’s number of debtors stable, and global net interest income rose almost
GIA India Launches New Program for 1st Time
Mumbai: GIA India has launched the Comprehensive CAD/CAM for Jewelry Certificate Program in India for the first time. This seven-week programme, which commences on June 26, 2023, equips students with the necessary CAD/CAM (Computer-Aided Design/Computer-Aided Manufacturing) skills. Learn more – https://bit.ly/3OVnztX Sriram Natarajan, Managing Director of GIA India said, “The introduction of the Comprehensive CAD/CAM for Jewelry Certificate programme in India
SSEF Launches Service for Melee Diamonds
Basel: The Swiss Gemmological Institute SSEF has announced the successful conclusion of validation testing of the ASDI-500, the newest version of the Automated Diamond Spectral Inspection device, developed with Swiss robotics company UNIMEC SA. The system is able to screen very large quantities of round colourless polished melee, detecting and extracting synthetics and simulants from among the natural diamonds. More
Rajesh Exports: Record Sales +40% YoY
Bengaluru: (By Evaluate Research): Rajesh Exports reported stellar results, ahead of our expectations, both in terms of revenues as well as profits, for the fiscal fourth quarter [ended March]. The performance continues to beat expectations as growth in the previous quarter was also solid. Revenue increased significantly by 35% YoY to a record high level of Rs.1154 bn as compared
Augmont Gold Designs the Thinnest Gold Coin
Mumbai: The Asia Book of Records has officially recognized Augmont Gold for All for designing the Thinnest Gold Coin. This remarkable accomplishment is a testament to Augmont’s dedication to innovation and making Gold accessible to all. The Thinnest Gold Coin, created by Augmont Gold for All, measures a groundbreaking thickness of less than 1mm with a weight of 100mg and
