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
Platinum Strike Deal Edges Closer
Johannesburg: Labour negotiations at South Africa’s PGM mines are edging closer to a resolution as talks mediated by a ministerial task team continue. July platinum softened for a fifth session in a row on Wednesday to $1,433 an ounce and is down sharply from the $1,493 level less than two weeks ago over renewed hopes for an end to the
De Beers Signs $37M Deal for BT Networking
Gaborone: The De Beers Group selected BT for a range of IT and networking services with a six year contract and at a cost of $37 million. BT will orchestrate IT services across 70 De Beers locations, including exploration and mining sites, drawing on capabilities of the BT Connect portfolio that provides fiber optic, microwave and satellite linkages, as well
Chaim Zohar Awarded Life Membership of DDC
Johannesburg: Renowned diamond industry journalist Chaim Even-Zohar has been awarded an Honorary Life Membership of the Diamond Dealers Club of South Africa (DDC) for his lifetime dedication and contribution to the diamond industry. Ernie Blom, Chairman of the DDC and World Federation of Diamond Bourses President, presented Even-Zohar with the membership certificate. “We, as the Diamond Dealers Club of South
ALROSA and DDC Sign MoU
Las Vegas: ALROSA and Diamond Dealers Club of New York signed a Memorandum of Understanding (MoU) aimed to develop the diamond industries of Russia and the USA.The document was signed at an official ceremony in Las Vegas on 30 May by Reuven Kaufman, President of the DDC, and Alexander Malinin, Director of “Brillianty ALROSA” (ALROSA’s cutting and polishing division). The
Diamond Industry Sentiment Sinks to 2008 Levels
Ramat Gan: Diamond industry sentiment has sunk to where it was in 2008, when the financial crisis froze all buying and selling, according to online trading service RapNet. Polished prices have consistently dropped since the beginning of the year, it said, adding that rough prices have remained steady, squeezing manufacturer margins. “Cutters usually make large-scale rough purchases in July and
Rio Tinto Diamond Production +18% in H1 2015
Perth: Rio Tinto recently announced that diamond production for the first half of 2015 increased 18 percent compared to the same period of 2014 – 8,851,000 carats compared to 7,482,000 carats last year. The company said the increase was due to higher volumes recovered at the Argyle mine in Australia due to the continued ramp up of production from the
IIJS 2015 Inaugurated in Mumbai
Mumbai: The 32nd edition of India International Jewellery Show (IIJS) was inaugurated on Monday at Mumbai’s Bombay Convention Centre, by Chief Guest Mrs. Rita Teaotia, India’s Commerce Secretary, accompanied by the Guest of Honour Mr. Paul Rowley, Executive Vice President of De Beers (Global Sightholder sales), Chairman of India’s Gem & Jewellery Export Promotion Council (GJEPC) Mr. Vipul Shah and
BDB Suspends Suspected Members
Mumbai: The Bharat Diamond Bourse (BDB) suspended the membership of VSM Diamonds Private Limited and a number of individuals connected to the firm after finding that they had traded synthetic diamonds without making proper disclosures. Consequently, the individuals affiliated with the company, and any one representing their interests, are now banned from entering the bourse and trading in it. The
