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
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
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
CIBJO Gemmological Commission to Focus in Brazil
Milan: With fewer than four weeks to go to the opening of the 2015 CIBJO Congress in Salvador, Brazil, on May 4, 2015, the fifth of the CIBJO commissions’ Special Reports has been released. Prepared by the CIBJO Gemmological Commission, headed by Hanco Zwaan, the report looks at issues related to nomenclature and identification, and in particular how these have
GJEPC welcomes New Foreign Trade Policy
Mumbai: The recently announced Foreign Trade Policy for 2015-20 aims to support services and exports along with improving the ease of doing business, while supporting Make in India campaign. Gem & Jewelry being one of the significant sectors that has been recognized for an impetus to boost the exports by announcing a critical regulatory framework related to SNZ. Special Notified
RJC Restructures Management Team
New York: The board of directors for the Responsible Jewellery Council (RJC) resolved to restructure its management team and introduce the role of executive director in place of its former CEO, Ashish Deo, who left the organization. James Courage, the chairman of the board, or Charles Chaussepied, the board’s vice chair, is expected to address the changes in detail during
GJEPC & IDI Inaugurate DDRC in Surat
Surat: The Gem & Jewellery Export Promotion Council (GJEPC) along with Indian Diamond Institute (IDI) launched the Diamond Detection and Resource Center (DDRC) on 3rd April, 2015 at the Indian Diamond Institute (IDI), Surat. The Facility was inaugurated by Chief Guest Shri Saurabhbhai Patel, Hon’ble Minster of Finance, Energy, Petro Chemicals & Mines, Tourism, Cottage & Salt Industry, Government of
