We Wish to Build Globally Relevant SKY Gold: Akash Talesara
Israel’s Diamond Industry Under Severe Pressure
Did Natural Diamond Ind. Misjudge LGD Threat?
With December Hike Odds Intact, Can a Midterm Rally Repair Gold, Silver’s Breakdowns?
Macro Snapshot: Gold posted its best week since late August, but it got there on rate relief that had disappeared by Friday. COMEX gold rose 4.5% to $4,074.9 and silver 5.4% to $51.94 while cheaper oil pushed the odds of a December Fed hike down from about 71% on 30 October to 64% ahead of Friday’s payrolls, according to CME FedWatch readings reported by Benzinga and Reuters. The jobs data sent the odds back up to 74.8%, CNBC reported, a
With December Hike Odds Intact, Can a Midterm Rally Repair Gold, Silver’s Breakdowns?
Macro Snapshot: Gold posted its best week since late August, but it got there on rate relief that had disappeared by Friday. COMEX gold rose 4.5% to $4,074.9 and silver 5.4% to $51.94 while cheaper oil pushed the odds of a December Fed hike down from about 71% on 30 October to 64% ahead of Friday’s payrolls, according to CME FedWatch readings reported by Benzinga and Reuters. The jobs data sent the odds back up to 74.8%, CNBC reported, a
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Gold-Silver Price-Setting Methods May Change
London: The decades-old methods for determining the daily benchmark prices for gold and silver seem set to change—the result of unwelcome attention from regulators and class-action lawsuits. Currently, the price of both metals is set at a daily teleconference by a number of prominent multinational banks—four in the case of gold, and three in the case of silver. However, the
CIBJO Gives Sustainability Frame for Pearl Sector
Milan: CIBJO President Gaetano Cavalieri has presented an outline for sustainability in the cultured pearl sector, emphasizing that a comprehensive approach must be taken that addresses economic, environmental and social responsibility. He was speaking at the Sustainable Pearls Forum, which took place in Hong Kong on June 21. The cultured pearl industry provides an opportunity to introduce concepts that often
Gold Curb Relaxations on the Way…
New Delhi: The government of India has indicated that there is a need to ease norms for bullion imports to boost supplies and jewellery exports. “There is a need of rationalisation in (gold import) duty and (gold import) procedure….We have already made it clear that there is a need to look at the current gold import regime,” commerce secretary Rajeev
RBI's Credit Limit Troubles Diamond Units
Surat: At least 350 small and medium diamond companies in the world’s biggest diamond cutting and polishing centre in Surat are facing severe financial problems with Indian banks strictly implementing the 90 days credit limit for overseas payment to rough diamond dealers in Antwerp and Dubai for the past four months, reports The Times of India. The Gem and Jewellery
"Diamonds Across Time" Book is Available Online!
London: “Diamonds Across Time,” the World Diamond Museum’s first book in the series of Facets of Mankind publications, is now available for purchase online. The book was compiled and edited by the World Diamond Museum’s chief curator and world renowned jewellery expert Dr. Usha R Balakrishnan. It includes 432 pages with 309 rich illustrations. She and nine other distinguished authors
J.A.D.E. by GJSCI Virtually Launched
Mumbai: J.A.D.E. (Jewellery Artificial Intelligence & Data-science Excellence) by Gems & Jewellery Skills Council of India (GJSCI) was launched in a virtual ceremony on 30th November 2020. The Chief Guest was Prof Chaudhuri (Director, IIT Bombay) and the Guest of Honor was Mr. Manish Kumar (MD & CEO, NSDC). JADE is a center of excellence for artificial intelligence focusing on
De Beers Announces Ambitious 2030 Goals
Mumbai:De Beers has announced 12 ambitious sustainability goals for the coming decade, including achieving gender parity throughout its workforce, supporting 10,000 women entrepreneurs in its diamond producing partner countries and being carbon neutral within its own operations by 2030. The 12 goals are part of De Beers’ Building Forever framework – a sustainability approach embedded in the business’s commercial strategy and focused on
Customs to Allow Shipments through Courier Mode
Mumbai: India’s Central Board of lndirect Taxes & Department of Revenue, Ministry of Finance, has clarified that gems and jewellery (G&J) exports from the country could now take place through the courier mode, acceding to this long-standing demand of the Gem & Jewellery Export Promotion Council (GJEPC) to make B2C, small-value, e-commerce exports economically viable. Mr. Colin Shah, Chairman, GJEPC
