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
India Hikes Import Tariff Value on Gold, Silver
New Delhi: The Indian government yesterday hiked import tariff value on gold and silver to USD 411 per 10 grams and USD 632 per kg as global prices have increased in the wake of escalating violence in Iraq. In the first fortnight of this month, tariff value on imported gold stood at USD 408 per 10 grams and silver at
De Beers June Sight Estimated at $640M
Gaborone: The De Beers June sight closed with an estimated value of $640 million as demand for rough diamonds remained firm. Prices and assortments were largely unchanged from the previous sight, although sightholders reported minor price adjustments on select boxes. There was ex-plan supplied – rough in excess of sightholders’ initial application for goods – as demand rose during sight
Zimbabwe's Proposed Marange Restructuring Stalled
Harare: Marange diamond miner Anjin Investments Ltd. has reportedly stalled the Zimbabwe government’s intended consolidation of Marange diamond companies. As of last week, Anjin’s top management, which recently visited Zimbabwe from China, was yet to meet with officials from the mines ministry to finalize evaluations of company’s operations. The ministry had originally projected briefing Anjin chairperson Jiang Qingder on the
Belgian Politician Warns Against Diamond Sanctions
Antwerp: The 36th World Diamond Congress (WDC) has opened in Antwerp, with Minister-President of Flanders, Kris Peeters, warning of the “catastrophic” impact that sanctions relating to the diamond industry could have. The Congress is the bi-annual meeting of the World Federation of Diamond Bourses (WFDB) and the International Diamond Manufacturers Association (IDMA). Talking of the huge role of the diamond
Zimbabwe Set to Become Chairman of ADPA
Harare: Zimbabwe is set to take over the chairmanship of the African Diamond Producers Association (ADPA) from Tanzania when they meet in Victoria Falls this week. The southern African country is the current deputy chair of ADPA.“As the incoming ADPA chair in 2023, the Republic of Zimbabwe is expected to carry out the following mandate, among others: ensuring that African
IGJS from 10th to 12th May in Jaipur
New Delhi: Ministry of commerce & Industry Government of India and Gem & Jewellery Export Promotion Council (GJEPC) are jointly providing an exclusive opportunity to meet international buyers at India Gem & Jewellery show (IGJS), Jaipur scheduled to be held from 10th to 12th May 2022 at JECC Jaipur. In a statement, the GJEPC said, “Looking at the improving current
Moscow Diamond Bourse No Longer WFDB Member
Antwerp: The World Federation of Diamond Bourses (WFDB) announced yesterday that the Moscow Diamond Bourse has suspended its membership in the organization. The move comes after the Moscow bourse temporarily stopped its activity on March 7, 2022. The official letter from the Moscow bourse, dated April 3, 2022, states: “We look forward to see the end of hostilities and hope that
India Gem & Jewellery Show Inaugurated
Mumbai: Mr. Raosaheb Danve, Union Minister of state for Railways, Coal and Mines, Government of India, inaugurated “INDIA GEM & JEWELLERY SHOW (GJS 2022)” along with Mr. Ashish Pethe (Chairman GJC), Mr. Saiyam Mehra (Vice Chairman GJC & Convener GJS), Mr. Avinash Gupta (Co Convener GJS), Mr. Nilesh Shobhawat (Co Convener GJS) and GJC COA’s accompanied by industry delegates. All
