We Wish to Build Globally Relevant SKY Gold: Akash Talesara
Israel’s Diamond Industry Under Severe Pressure
Did Natural Diamond Ind. Misjudge LGD Threat?
Why Did Gold & Silver Break Down Just as Fed Hike Bets Faded
Macro Snapshot: The rate backdrop eased during the week ending 23 October, which makes the metals’ slide harder to explain. CME FedWatch odds of a hike at the 27 to 28 October FOMC meeting had settled near one in three on 14 October, after the 3.7% September CPI print, and stood at 9.4% by 23 October. December hike odds slipped from about 90% to close to 80%. The 10-year Treasury yield closed at 5.00% against 5.09% a week earlier, and
Why Did Gold & Silver Break Down Just as Fed Hike Bets Faded
Macro Snapshot: The rate backdrop eased during the week ending 23 October, which makes the metals’ slide harder to explain. CME FedWatch odds of a hike at the 27 to 28 October FOMC meeting had settled near one in three on 14 October, after the 3.7% September CPI print, and stood at 9.4% by 23 October. December hike odds slipped from about 90% to close to 80%. The 10-year Treasury yield closed at 5.00% against 5.09% a week earlier, and
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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
ALROSA Rough Prices Unchanged at March Sale
Moscow: ALROSA held rough prices stable for the sixth month running at its March contract sale as demand for the miner’s goods remained strong. “ALROSA has not changed the prices for rough diamonds at the March trading session,” a company spokesperson said in an email to Rapaport News. “Thus, ALROSA prices remain unchanged since last year.” The Russia-based miner last
China’s 2015 Polished Diamond Imports -14%
Beijing: China’s polished diamond imports declined 14 percent to $6.69 billion last year as the nation’s economy slowed and consumer sentiment dropped. The country’s imports of polished fell in each of the first three quarters of 2015 from corresponding periods in the previous year, but picked up slightly in the final quarter, according to data released by the China Customs
Task Force to Assess Jewellers’ Grievances
Mumbai: Jewellery trade associations including India Bullion & Jewellers Association (IBJA) and All India Gem & Jewellery Trade Federation (GJF), took decision to call off the strike after an eight hour-long meeting with government officials in new Delhi on Saturday. Amit Shah, president of the main governing Bharatiya Janata Party, also attended the meeting. “Our demands have been accepted. The
Gem-A Appoints New CEO
London: The Gemmological Association of Great Britain (Gem-A) has announced the appointment of Alan Hart FGA DGA as the Association’s new CEO. A former member of the Gem-A Council, Hart is currently Head of Earth Sciences Collections at the Natural History Museum, London. With a wealth of experience in the gem and mineral trade, Hart started his career at the
