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
Surat to Set Diamond Bourse in 2 Lakh Sq. Yards
Surat: Surat, known as a hub for processing of rough diamond is readying itself to set up a world class diamond bourse having trading facilities which will integrate processing and house all those interested in diamond business at one place, reports The Times of India. The proposed bourse may be of the size of the one existing in Mumbai. Mumbai’s
EGL Uncovers 4 Synthetics in Parcel of 20 Stones
Ramat Gan: In an unusual case, EGL International in Israel said it has discovered four synthetic diamonds in a parcel of 20 stones submitted by a long-time client, reports idexonline.com. The lab-grown diamonds were uncovered in the first phase of testing using FTIR infrared spectroscopy, said EGL International Managing Partner and CEO, Guy D. Benhamou, who added that the diamonds
Bitcoin Growing in Adoption
New York: The cyber currency bitcoin is seeing increasing adoption, said a May 31 panel on “Bitcoin and the Jewelry Industry: What You Need to Know.” “In terms of the world’s economic system, bitcoin is doing small numbers,” said the panel’s moderator Verichannel CEO Jacques Voorhees, whose son works for a bitcoin company. “But the adoption rate is soaring.” Some
Fresh Diamond Looting Spree in Marange
Harare: Observers have reported a fresh diamond looting spree, with security and army chiefs said to be working hand in glove with senior mining companies’ staff in the scam. Reports said the swindle is being spurred on by panic among mining staff members who are not sure of their fate following a government announcement that it will streamline diamond mining
IGJA: Application Date Extended
Mumbai: The 51st India Gem & Jewellery Awards (IGJA) nominations are still open, with the last date to apply being extended now to 5th November, 2024. The IGJA is an award given by the Gem and Jewellery Export Promotion Council (GJEPC) to recognize the best gem and jewelry exporters. The awards also recognize banks and other entities that contribute to the growth
Jignesh Mehta Honored with Vyapaar Ratna Award
Mumbai: Mr. Jignesh Mehta, Founder and Managing Director of Divine Solitaires, has been honored with the esteemed Vyapaar Ratna Award 2024 – Changemaker of the Year. This prestigious recognition highlights Mr. Mehta’s remarkable contributions to the MSME sector and his visionary leadership in the diamond industry. The Vyapaar Ratna Award celebrates individuals who have demonstrated exceptional innovation, leadership, and commitment
HK to Build an International Gold Trading Market
Hong Kong: The Chief Executive of Hong Kong Special Administrative Region (SAR) John Lee Ka-chiu has announced the establishment of an international gold trading market in the SAR, reports rough-polished.expert/en/ As he noted in his policy address, Hong Kong is one of the world’s largest gold import and export markets by volume. According to John Lee, the city’s security and
Consolidated Mining Standard Initiative Launches 1st Public Consultation
London: The Copper Mark, Mining Association of Canada, ICMM and World Gold Council (WGC) – Partners of the Consolidated Mining Standard Initiative (CMSI) – have published a draft consolidated standard, governance model, assurance process and related reporting and claims policy, and encourage stakeholders to provide their views during a 60-day public consultation. The vision for the Initiative is for a sustainable
