We Wish to Build Globally Relevant SKY Gold: Akash Talesara
Israel’s Diamond Industry Under Severe Pressure
Did Natural Diamond Ind. Misjudge LGD Threat?
With December Hike Odds Intact, Can a Midterm Rally Repair Gold, Silver’s Breakdowns?
Macro Snapshot: Gold posted its best week since late August, but it got there on rate relief that had disappeared by Friday. COMEX gold rose 4.5% to $4,074.9 and silver 5.4% to $51.94 while cheaper oil pushed the odds of a December Fed hike down from about 71% on 30 October to 64% ahead of Friday’s payrolls, according to CME FedWatch readings reported by Benzinga and Reuters. The jobs data sent the odds back up to 74.8%, CNBC reported, a
With December Hike Odds Intact, Can a Midterm Rally Repair Gold, Silver’s Breakdowns?
Macro Snapshot: Gold posted its best week since late August, but it got there on rate relief that had disappeared by Friday. COMEX gold rose 4.5% to $4,074.9 and silver 5.4% to $51.94 while cheaper oil pushed the odds of a December Fed hike down from about 71% on 30 October to 64% ahead of Friday’s payrolls, according to CME FedWatch readings reported by Benzinga and Reuters. The jobs data sent the odds back up to 74.8%, CNBC reported, a
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
Celebrate Friendship Day with Platinum
Mumbai: Its Friendship day! And who is that one person that comes to your mind when you think of your best friend? If the answer is your better half, you know the relationship you share is truly rare. Platinum Days of Love, #Friends First campaign wants you to remember that your partner might be your lover but before everything else, you
DPA Announces Winners of ‘The Real Cut-Season 2’
Mumbai: Diamond Producers Association (DPA) in collaboration with Lakmé Fashion Week yesterday announced the winning talented jewellery designers of the second edition of ‘The Real Cut’. Six jewellery designers emerged as the final winners of ‘The Real Cut – Season 2’ and will get the opportunity to showcase their designs at Lakmé Fashion Week Winter/Festive 2019 along with celebrated fashion designers Archana Rao, Dhruv Kapoor and Shweta Kapur. The theme for the second
PGI INDIA Forays into Men’s Platinum Jewellery
Hyderabad: Platinum Guild International – India (PGI) recently concluded the 4th edition of their annual business forum Platinum Buyer Seller Meet (BSM) in Hyderabad. A platinum exclusive event, the only such event in the industry which gives the Indian retailers and manufacturers an extensive exposure to the category, and a platform to discuss and nurture fresh business ideas with platinum.
GJEPC Successfully Organized 4th Banking Summit
Mumbai: India’s Gem and Jewellery Export Promotion Council (GJEPC) organised the 4th edition of Banking Summit 2019 in Mumbai. The Summit aimed at meaningful deliberations on issues related to Gem & Jewellery industry contextually; efforts were also made to understand the factors creating present growth inertia, and define roadmap in emerging ecosystem for higher growth, exports and employment generation. The inaugural session had prominent speakers
