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
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,
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
'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.
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
Ban on Russian diamonds may Benefit Synthetics
Gaborone: Botswana, Africa’s top diamond producer, sees a prolonged ban on Russian diamonds opening the way for synthetic gems to expand market share, the country’s minister told a mining conference on Monday. The United States, the world largest market for natural diamonds, imposed sanctions on Russia’s state-controlled Alrosa in April, aiming to cut off a source of revenue for Moscow
GJEPC Outlines Growth Potential of Lab-Grown Diamonds
Mumbai: Gem & Jewllery Export Promotion Council (GJEPC) officials were present at a meeting on the lab-grown diamond (LGD) industry chaired by the Union Minister for Commerce & Industry; Consumer Affairs, Food & Public Distribution and Textiles, Mr. Piyush Goyal in New Delhi on 17th May, 2022. Mr. B.V.R. Subrahmanyam, Secretary, MOC&I; Mr. Vipul Bansal, Joint Secretary, MOC&I; and Mr. R. Arulanandan,
De Beers' 4th Cycle Generates $604 Million
Gaborone: De Beers’ rough sales strengthened in May as the miner benefited from strong consumer demand, with proceeds reaching higher levels than normal for the time of year. The company grossed $604 million at its fourth sales cycle of the year, which included last month’s sight in Gaborone, Botswana, it reported Wednesday. The figure was 57% higher than the $385
GLT and Diamond Services Announce Joint Venture
Istanbul: The Gemological Laboratory of Turkey (GLT), Turkey’s leading provider of gemological services, and Diamond Services (DS), the Hong Kong-headquartered developer of technological systems and services for detecting laboratory grown, imitation and treated diamonds, have recently signed a joint venture agreement to provide comprehensive diamond identification, grading and certification services to the Turkish market. Within the framework of their agreement,
