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
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.
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
Advertisements for LGDs must be Crystal Clear: FTC
Mumbai: The U.S. Federal Trade Commission (FTC) which investigates allegations of misleading advertises made it clear on April 2, that it has sent warning letters to eight companies, including Diamond Foundry, insisting that they distinguish in advertisements between diamonds that come from mines and those made in laboratories, reports Reuters. According to the report, The Diamond Producers Association (DPA),
DPA Launches ASSURE Programme
New York: The joint venture by the Diamond Producers Association (DPA) and Signet Jewelers – the ASSURE Program – has published the results from the independent performance tests of Diamond Verification Instruments in the ASSURE Directory on diamondproducers.com/ASSURE Through the ASSURE Directory trade participants can access objective and third party verified information on the relative performance of Diamond Verification Instruments
CIBJO Insists on Uniform Gemmological Principles
Copenhagen: Transparency in business is enabled when all terminology and metrics are accepted and understood by all participants, CIBJO President Gaetano Cavalieri has told a gemmological conference in Copenhagen, Denmark. When a common business language is in place, and its rules and terms are publicly available, then the necessary elements exist for members of the business community to work together,
TBZ-The Original Launches Store in Lucknow
Mumbai: TBZ- The Original, India’s most iconic jewellery brand with a rich legacy of more than 150 years opens its 1st store in Lucknow on M.G. Road, Hazratganj. In the endeavor of making beautiful jewellery accessible, TBZ – The Original is rapidly expanding its retail footprint across the country. With the overwhelming response from its North India store in Noida, TBZ-The Original is now strengthening its
