We Wish to Build Globally Relevant SKY Gold: Akash Talesara
Israel’s Diamond Industry Under Severe Pressure
Did Natural Diamond Ind. Misjudge LGD Threat?
Why Did Gold & Silver Break Down Just as Fed Hike Bets Faded
Macro Snapshot: The rate backdrop eased during the week ending 23 October, which makes the metals’ slide harder to explain. CME FedWatch odds of a hike at the 27 to 28 October FOMC meeting had settled near one in three on 14 October, after the 3.7% September CPI print, and stood at 9.4% by 23 October. December hike odds slipped from about 90% to close to 80%. The 10-year Treasury yield closed at 5.00% against 5.09% a week earlier, and
Why Did Gold & Silver Break Down Just as Fed Hike Bets Faded
Macro Snapshot: The rate backdrop eased during the week ending 23 October, which makes the metals’ slide harder to explain. CME FedWatch odds of a hike at the 27 to 28 October FOMC meeting had settled near one in three on 14 October, after the 3.7% September CPI print, and stood at 9.4% by 23 October. December hike odds slipped from about 90% to close to 80%. The 10-year Treasury yield closed at 5.00% against 5.09% a week earlier, and
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Antwerp Hosts WDC and KP Chair
Antwerp: The Antwerp World Diamond Centre (AWDC) welcomed the Kimberley Process (KP) Chair, His Excellency Wei Chuanzhong, Vice-Chair Bernardo Campos and the Mr. Edward Asscher, President of the World Diamond Council (WDC) for the purpose of renewing the Memorandum of Understanding (MoU) on the KP Administrative Support Mechanism (ASM). In 2012, the KP Plenary designated the World Diamond Council through
Barclays Fined $44 Million over Gold Fix
London: British authorities have fined Barclays, one of five banks that sets the price of gold each day in the London fix, nearly $44 million after a former trader improperly influenced the price-setting mechanism, reports jckonline.com. The British Financial Conduct Authority said that, in 2012, Daniel James Plunkett, a director on the bank’s precious metals desk, placed certain orders meant
GJF Announces Day-Long Interactive Workshop ‘Labham’
Mumbai: The All India Gems and Jewellery Trade Federation (GJF) and all major G&J Trade Associations, has announced the first-ever educational ‘Labham’ programme on 1st June 2014 in Rajkot onwards for all jewellers, manufacturers, traders and other constituents of the G&J businesses in and around Rajkot. It will be held in Chennai on 10th June and in New Delhi on
Gold Prices May Decline to Rs 24,000 by Diwali
Mumbai: Following the Reserve Bank easing the 20:80 gold import norms, India Bullion & Jewellers Association (IBJA) said gold prices are likely to fall to Rs 23,000-24,000 per 10 grams by Diwali as it also expects the Customs duty reduction in the forthcoming Budget, reports The Freepress Journal. “RBI’s easing of 20:80 gold import norms is positive for the gems
Blue & Pink Diamonds Show Price Stability in Q3 2019
New York: The Fancy Color Research Foundation (FCRF) reported that prices of Fancy Color diamonds in Q3 2019 largely remained stable. The Fancy Color Diamond Index (FCDI) for Q3 2019 showed a decrease of 0.5% in overall Fancy Color prices, driven by a 1.5% decline in the prices of Yellow diamonds. Prices of Blues and Pinks stood firm. As in the
CIBJO Releases Coral Special Report
Milan: With fewer than two weeks to go to the opening of the 2019 CIBJO Congress in Manama, Bahrain, on November 18, 2019, the ninth and the last of this year’s CIBJO commission Special Reports has been released. Prepared by the CIBJO Coral Commission, headed by Vincenzo Liverino, the report is dominated by environmental topics, and in particular the efforts by the industry
IDE is Gearing up for Exciting IDWI 2020
Ramat Gan: The Israel Diamond Exchange (IDE) is gearing up for a very exciting International Diamond Week in Israel (IDWI), to be held from February 10 – 12, 2020. The annual event is held on IDE’s immense trading floor and attracts hundreds of international buyers from over 20 countries. The 2020 IDWI will be themed “I Love Natural Diamonds”, in keeping with IDE’s
PGI Hosted Business Forum
Hong Kong: In October, Platinum Guild International (PGI) hosted the two-day 2019 Platinum Jewellery Business Forum in China’s jewellery manufacturing hub of Shenzhen, which received widespread attention within the platinum and jewellery industry. The Business Forum was attended by leaders and distinguished guests from along with top figures and experts both from China and overseas. The theme for the forum
