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

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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

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Top News

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,

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Hardest Synthetic Diamond Ever Made Unveiled

Beijing: Chinese researchers from Yanshan University have created a synthetic diamond harder than its natural counterpart and able to withstand even hotter temperatures, according to a report published in mining.com The team, led by Yongjun Tian, says the new form of diamond could be used to make superior cutting or crushing tools, capable of operate under very extreme conditions. The

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'Presidents Forum' Formed

Antwerp: The heads of the jewellery and diamond industry’s four leading international representative bodies have agreed on Tuesday to establish “The Presidents Forum,” which is a joint consultative committee with its members being the presidents of each organization. Together they will discuss and formulate coordinated strategies and policies for the industry on important issues of common interest. Hosted by Dr.

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First Texas-Israel Diamond Show in September

Ramat Gan: This fall strategic cooperation between the Texas Jewelers Association (TJA) and the Israel Diamond Institute (IDI) will produce the first Texas-Israel Diamond Show in San Antonio from September 29 – 30, 2014. This is the first time that jewelers in Texas and surrounding states will be offered the opportunity to buy diamonds directly from the source. The unique

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Telangana (India) Sitting on Bed of Diamonds

Hyderabad: The perennially drought-hit Mahbubnagar district could well turn out to be another Golconda, once famous as a city where diamonds were sold in heaps at roadside shops. The district, known for its large-scale annual migration of labour, is virtually sitting on diamond mines that could change the fortunes of the nascent Telangana state, experts say, according to a report

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Ronnie VanderLinden Re-elected President of DMIA

New York: The membership of the Diamond Manufacturers & Importers Association of America (DMIA) held its second annual General Meeting of the year on August 5th, electing a new Executive Board and Board of Directors. The incumbent President Ronnie VanderLinden was re-elected. He is joined on the Executive Board by Vice Presidents Saul Goldberg, Eli Haas, Fred Knobloch, Sheldon Kwiat

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World Diamond Council's AGM in Moscow

Moscow: The World Diamond Council (WDC) will hold its Annual General Meeting (AGM) in Moscow, Russia this year from October 12 to October 14. The AGM will start with one of two sessions of the WDC Board of Directors on the afternoon of Monday, October 12. A number of high profile speakers are expected to address the opening session on

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IIJW Ended with Grand Finale

Mumbai: The fabulous India International Jewellery Week 2015 powered by GIA came to a glorious end with the dual Grand Finales, which featured the superb collection by the Thai Gem and Jewellery Traders Association as well as the “Best of the Best Show”. Stylized chandeliers hung from the ceiling of the ballroom at the Hotel Grand Hyatt, and a black

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