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
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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
Gold Smuggling in India May Fall to 50 Tonnes
Mumbai: Going by the seizures of gold which has increased four times in 2013-14, intelligence agencies have estimated gold smuggled in the country around 50 tonnes in 2013-14 which is way lower from the estimated by the World Gold Council (WGC), reports The Business Standard. WGC had estimated nearly 200 tonnes of gold entered India unofficially. Trade circles have been
India May not fully Withdraw Gold Curbs
New Delhi: Despite a significant reduction in the current account deficit, curbs on gold imports are unlikely to be fully removed this Budget. Instead, the finance ministry may lower the import duty on the precious metal by two per cent, reports The Indian Express. “The current account deficit situation is still being closely monitored. The curb on gold imports was
Gujarat Govt. Assures Help for Diamond Bourse
Surat: As the prices of realty in Vesu and Dumas areas have skyrocketed following the announcement of proposed diamond bourse, diamantaires spearheading the movement for a world-class diamond bourse in the city have started lobbying with the state government for land, reports The Times of India. Members of Surat Diamond Bourse (SDB) committee, which includes chairman of leading diamond companies
De Beers Progresses in Women Entrepreneur Training
On the second anniversary of becoming a HeForShe Thematic Champion and partnering with UN Women, De Beers Group announced that more than 700 women micro-entrepreneurs in Namibia and South Africa have successfully completed their training. The Accelerating Women Owned Micro-Enterprises (AWOME) programme has also recently launched in Botswana, creating even more opportunities for women micro-entrepreneurs to participate. Part of De
IDE Continues Natural Diamonds Campaign
Ramat Gan: The Israel Diamond Exchange (IDE) is continuing its “We Love Natural Diamonds” international campaign in collaboration with the World Federation of Diamond Bourses (WFDB). Today IDE’s third video in the series was presented at the World Federation of Diamond Bourses Presidents Meeting in Dubai by WFDB President Ernie Blom, who cited IDE’s campaign as a model to be
JNA Conference on Jewellery Design Concluded
Hong Kong: The JNA Conference on jewellery design ended on a high note, with over 150 designers, students and manufacturers from more than 25 countries and regions in attendance. Sponsored by KGK Group, the JNA Conference: “From Inspiration to Innovation – The Designer’s Journey of Creativity” took place on 19 September 2019 on the sidelines of the September Hong Kong
WFDB-IDMA Presidents' Meeting Opened in Dubai
Dubai: The World Federation of Diamond Bourses (WFDB) Presidents Meeting kicked off in Dubai today with special sessions on lab-grown diamonds and provenance and traceability. An important delegation from Sodiam including Chairman Dr. Eugenio Bravo da Rosa took part in the ribbon cutting to officially open the Presidents Meeting. Angola has the potential to become the first and largest mining
