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
Gold Smuggling in India May Fall to 50 Tonnes
Mumbai: Going by the seizures of gold which has increased four times in 2013-14, intelligence agencies have estimated gold smuggled in the country around 50 tonnes in 2013-14 which is way lower from the estimated by the World Gold Council (WGC), reports The Business Standard. WGC had estimated nearly 200 tonnes of gold entered India unofficially. Trade circles have been
India May not fully Withdraw Gold Curbs
New Delhi: Despite a significant reduction in the current account deficit, curbs on gold imports are unlikely to be fully removed this Budget. Instead, the finance ministry may lower the import duty on the precious metal by two per cent, reports The Indian Express. “The current account deficit situation is still being closely monitored. The curb on gold imports was
Gujarat Govt. Assures Help for Diamond Bourse
Surat: As the prices of realty in Vesu and Dumas areas have skyrocketed following the announcement of proposed diamond bourse, diamantaires spearheading the movement for a world-class diamond bourse in the city have started lobbying with the state government for land, reports The Times of India. Members of Surat Diamond Bourse (SDB) committee, which includes chairman of leading diamond companies
Antwerp Seizes Parcel of Banned CAR Diamonds
Antwerp: The Antwerp diamond industry, represented by the Antwerp World Diamond Centre (AWDC), is stepping up its efforts in combatting conflict diamonds. The city, largely owing its reputation as the most transparent and strictly controlled diamond trade centre to the rigorous controls of all diamond imports and exports at the Antwerp Diamond Office, is determined to continue its strong commitment
Indian Diamond Industry Hosts TIWG
Mumbai: The Indian diamond industry hosted the Delegates of the G20 Trade & Investment Working Group (TIWG) at the Bharat Diamond Bourse (BDB) yesterday. The Bharat Diamond Bourse, is the largest diamond bourse in the world that houses more than 2500 offices, spread over an area of 20 Acres / 0.87 Million sq. ft. land in the heart of Mumbai.The
The 1st Israel Diamond Conference Opens
Ramat Gan: The first Israel Diamond Conference, which brought together the senior leadership of the global diamond industry, today opened a week-long series of events sponsored by the Israel Diamond Exchange, after a three year hiatus. Israel International Diamond Week will also include the 10th International Diamond Exhibition and the 40th World Diamond Congress. The conference was opened by Israel
World Diamond Museum Establishes in Monaco
London: The World Diamond Museum reached a significant milestone upon receiving a permit from the Ministry of State of the Principality of Monaco to establish itself in Monaco. The statement reads: “The World Diamond Museum aims to be a dynamic, independent association, accessible to all, exercising its activities mainly in the Principality of Monaco. Its chief objective is to create,
Ghaghoo Diamond Mine Faces Closure
Gaborone: Gem Diamonds has failed to find a buyer for its Ghaghoo Diamond Mine in Botswana’s Central Kalahari Game Reserve (CKGR), which had been on care and maintenance since February 2017. Mmegi reports that the diamond miner, which is currently focused on its Lesotho operations, is now considering a final closure of the Botswana operation. It had prioritised a sale
