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
KP Should Focus on Conflict-Torn Regions only
Shanghai: The newly elected president of the World Diamond Council (WDC) Edward Asscher, put a chill Tuesday on the movement to expand the scope of the Kimberley Process and so cover general human rights abuses, stating the trade body should focus exclusively on diamonds proceeding from conflict zones. Speaking at the Intercessional Meeting of the Kimberley Process in Shanghai, Asscher
DDE’s Peter Meeus Hits Back at PAC Claims
Dubai: Dubai Diamond Exchange Chairman Peter Meeus replied to what he called “serious allegations” made by Partnership Africa Canada about Dubai at the Kimberley Process (KP) Intersessional meeting taking place in Shanghai. “First of all we were surprised to see that Mr. Martin quoted an FAFT (Financial Action Task Force) report on ML/TF (Money Laundering/Terrorism Financing) of 150 pages in
Israel Exchange to Create Code of Ethics
Ramat Gan: In what appears to be a ground-breaking move for a diamond bourse, the Israel Diamond Exchange (IDE) has begun moves to create a code of ethics by which its members would be expected to operate. At a meeting at the bourse, IDE President Shmuel Schnitzer and management members discussed the creation of such a code with Israeli experts
China’s Jewellery Sales Accounted for 41%
Beijing: Mainland China is a major jewellery consumer in the world. According to the recently released China Jewellery Industry Report, 2013-2016, last year jewellery sales in Chinese Mainland approximated $75.8 billion, which is equivalent to 41.2 % of the global consumption. In Mainland China, the gold jewelry consumption accounts for about 50% of the total jewellery consumption. In 2013, two
OIJIF II Invests in Senco Gold & Diamonds
Oman: Oman India Joint Investment Fund II (OIJIF II) announced that it has invested ~INR 75 crores in Senco Gold Limited, a pan India jewellery retailer based out of Kolkata. Senco Gold operates 127 showrooms across the country. In eastern India it is the largest organised jewellery retail player. Senco has been rated as the 2nd most trusted Jewellery brand in India
Zim Diamond Sector to Achieve Target of $1 bln
Harare: Zimbabwe’s diamond sector is set to exceed the government target of $1 billion in revenue by 2023, according to a government minister. Mines minister Winston Chitando told a conference of African Diamond Producing Countries that the growth was being driven by the Zimbabwe Consolidated Diamond Company (ZCDC) as well as Anjin and RZM Murowa. He said Zimbabwe was targeting
GJS Concluded with a Great Success Note
Mumbai: All India Gem and Jewellery Domestic Council (GJC), the apex industry body representing the jewellery sector in India organized its first-ever mega B2B expo “India Gem & Jewellery Show, GJS 2022 which turned out to be a great success. The expo was held from 3rd to 6th April at Jio World Convention Centre – JWCC Mumbai. The four-day event
Israeli Diamond Industry Continues Growth in Q1
Ramat Gan: The Israeli Diamond Industry (IDI) continued its impressive grown in the first quarter of 2022. The first quarter of 2022 continued the positive trend recorded in the diamond industry over the past year. In Q1 total net imports of rough diamonds to Israel amounted to about $ 494 mn, an increase of 4% compared to the same period
