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
WFDB Accepts Canada and S. Korea as New Members
Antwerp: The World Federation of Diamond Bourses (WFDB) has accepted the applications for membership of two bourses – the Canada Diamond Bourse and the South Korean diamond exchange. WFDB members approved the applications at the 36th World Diamond Congress in Antwerp which opened yesterday. The Congress is the bi-annual meeting of WFDB and the International Diamond Manufacturers Association (IDMA). The
Diamond Mfrg. Industry Fighting for Survival: IDMA
Antwerp: “Diamond manufacturers worldwide are fighting for their survival. They are caught between – and battered by – the proverbial hammer, a rough diamond supply system that is foul and faulty – and the anvil, a vertically integrated financial structure that basically continues to bleed them,” Maxim Shkadov, president of the International Diamond Manufacturers Association (IDMA), the representative body of
Gold Prices Unlikely to Settle due to Iraq Tensions
Mumbai: With the turmoil in Ukraine almost gone from the headlines, gold’s status as a hard asset and storer of wealth in times of trouble lost some of its shine. But as Iraq spirals into all-out war and the US looks in danger of being pulled back into a conflict it has spent the last six years extricating itself from,
122.52 Carat Blue Diamond Found at Cullinan
Johannesburg: In what is shaping up to be one of most the amazing diamond finds in recent times, a 122.52 ct. blue diamond—the size of a walnut—has been discovered at the Cullinan mine in South Africa, said mine owner Petra Diamonds. Blue diamonds are ultrarare, as are stones weighing more than 100 cts.—making this, as Petra puts it, a “truly
More Sanctions Declared on Russian Gold
London: The UK, US Canada, and Japan announced at the G7 Summit on 26th June that exports of Russian gold, its biggest non-energy export, will no longer be allowed to be enter their respective countries. LBMA noted that these rules to apply only to new gold of Russian origin, not to old production (which remains Good Delivery). “We believe this
Joyalukkas Hosts Solitaire Show with Forevermark
Mumbai: De Beers Forevermark, the world’s leading and trusted diamond jewellery brand, will showcase a collection of over 1000 diamond solitaires at 21 Joyalukkas stores across the country. These exquisite solitaires will be on display till July 2nd, 2022. De Beers Forevermark’s diamonds are the world’s most methodically selected diamonds and Joyalukkas are known for their transparency, trust and quality.
GJEPC Organized 3rd Member Outreach Program
Mumbai: India’s Gem & Jewellery Export Promotion Council (GJEPC) organised its 3rd Member Outreach program and initiated Discussions on the Way-Forward in Mumbai on 22nd June. This was organised in association with World Gold Council and supported by Jewellers Youth Forum. The exclusive program aimed to create awareness among industry members about the Council’s many initiatives to facilitate business and
WDC Warns KP against Risking a Two-Tier Market
Kasane: Highlighting the proven ability of natural diamond resources to serve as a driver for the development of sustainable economies and societies, World Diamond Council (WDC) President Edward Asscher warned that this potential is threatened if the Kimberley Process (KP) doesn’t evolve to address the challenges of today. He was speaking during the opening day of the KP Intersessional, which
