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
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
Chow Tai Fook to Buy Hearts On Fire for $150 Mn
Beijing: Chinese retailer and manufacturer Chow Tai Fook is buying all the assets of diamond brand Hearts On Fire for $150 million in cash, reports jckonline. The company will be run as a standalone division under current management, a statement said, though there are plans to introduce the brand into Chow Tai Fook’s retail network in Hong Kong, China, Macau,
China Gold joins WGC
Beijing: China National Gold Group Corporation (China Gold) has joined the World Gold Council (WGC) as a member, making it the only Chinese gold mining company to join the WGC. According to WGC, China’s gold market has grown exponentially over recent decades and China is now the largest market for gold, in terms of supply and demand. The growth in
GJSCI Launches Digital Learning Platform
New Delhi: The Gem & Jewellery Skill Council of India (GJSCI), under the aegis of National Skill Development Corporation (NSDC) recently launched the new digital learning platform in Delhi, to skill and upskill 1 lakh Jewellery Retail Sales Associates across India by end of 2016. The programme, developed by Tech Partner – Qustn Technologies, was launched by Chief Guest –
CIBJO to Sponsor Jewelry Industry Summit
New York: The World Jewelry Confederation has signed on as the latest sponsor of the Jewelry Industry Summit. As well as giving financial support, the organization said it will urge its members to participate in the event. “CIBJO’s mission is fully aligned with the goals of the Jewelry Industry Summit,” said president Gaetano Cavalieri. “Engaging in responsible sourcing is a
Rough October Fest at IDE Announced
Ramat Gan: The Israel Diamond Exchange (IDE) will be hosting multiple rough diamond tenders and sales events during the month of October, in the Ramat Gan diamond trading complex. In addition to rough diamond tenders and auctions held by Rio Tinto, De Beers Auction Sales and Tzoffey’s 1818, a ‘Blue-White’ Diamond Dealing Day will be held in the IDE trading
