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
Rio Tinto showcases “Oculus Rift” technology
Las Vegas: Rio Tinto Diamonds is bringing the mine to the marketplace by using innovative Oculus Rift technology to provide an interactive virtual journey into its Diavik Diamond Mine in the remote Northwest Territories of Canada. The Oculus Rift will debut at the Rio Tinto booth at the world’s largest diamond jewellery trade show, the JCK Luxury Show, in Las
WDC & KP Sign an MOU
Antwerp: Edward Asscher, President of the World Diamond Council, and Vice Minister Wei Chuanzhong, Chair of the Kimberley Process, signed a Memorandum of Understanding in Antwerp on Friday, May 23, formalizing the agreement for 2014 between the two organizations, according to which WDC finances and operates the Administrative Support Mechanism (ASM) on behalf of the Kimberley Process. The ASM provides
ALROSA Expects 5-Percent Growth in Rough Prices
Moscow: ALROSA expects that global rough prices will go up by 5% in 2014 over the last year, according to the ITAR-TASS report from St. Petersburg. This was disclosed to journalists on the sidelines of the St. Petersburg International Economic Forum by Fyodor Andreev, President of ALROSA. “We reckoned on a growth rate of 5%. I think it is achievable,”
Zimbabwe Orders Miners to Sell Gems through RBZ
Harare: The cash-strapped ruling ZANU PF government has issued an order to all diamond miners in the country to sell their gems through the Reserve Bank of Zimbabwe (RBZ). The permanent secretary in the Ministry of Mines, Francis Gudyanga, reportedly wrote a letter to the companies explaining that the central bank will use the diamonds to secure a government loan.
3rd 'India Gem and Jewellery Show’ from 7th April
Mumbai: All India Gem and Jewellery Domestic Council (GJC), the premier industry body catering to around 300,000 Indian jewellers and the allied industry value chain, is looking forward to the 3rd edition of GJS – India Gem & Jewellery Show scheduled from 7th to 10th April 2023 at Bombay Exhibition Centre (NESCO), Mumbai. GJS will comprise the top-of-the-line manufacturers/wholesalers of
4th Bharat Diamond Week from 6th April
Mumbai: The fourth edition of the Bharat Diamond Week, popularly known as BDW will be held between 6th to 8th April, 2023 at the sprawling Bharat Diamond Bourse (BDB) Complex Mumbai. After a hiatus due to travel restrictions and other factors affecting free trade, Bharat Diamond Bourse decided to open this important “ONLY DIAMOND” show this year promising over 125
Interpol Withdraws Red Notice Against Mehul Choksi
London: The removal of fugitive diamantaire Mehul Choksi’s name from the Interpol database of Red Notices has drawn condemnation from the Opposition parties in India, while the Central Bureau of Investigation (CBI) has sought the restoration of the notice. Mehul Choksi is the owner of Gitanjali Group, a jewellery firm with 4,000 stores in India. He, along with his nephew
IDMA's 40th Congress to kick off on March 28
Antwerp: The International Diamond Manufacturers Association (IDMA) will kick off its 40th Congress with a “Conversations with Industry Leaders” happening on the afternoon of March 28 at the D-Mall, adjacent to the Maccabi Building of the Israel Diamond Exchange complex. The panel discussion sessions will run from 13:00 to 17:00 hours on March 28. They will include conversations about the
