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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Indias Silver Jewellery Exports Double
Mumbai: A shortage of gold as a raw material and the consequent decline in gold jewellery exports appears to have opened up new avenues of growth for silver jewellery in India, reports Mineweb. Indias silver jewellery exports rose 45.33% to $84.1 million in February 2014, and jumped 89% in the 11-month period to $1.35 billion, according to data from the Gem
AGL Celebrates Five Years under New Management
New York, 15th April: American Gemological Laboratories (AGL), a provider of high-quality gemstone analysis and reporting is celebrating its five-year anniversary under the stewardship of Christopher P. Smith. “Five years ago, AGL was re-privatized during one of the most difficult periods the US and world financial markets have experienced in recent decades. AGL, however, had a good reputation and we did
Gold Smuggling Arrests Jump 750% YoY in India
Mumbai, 14th April: While cases of gold smuggling in India have jumped 265% from 40 in 2012-13 to 146 in 2013-14, the number of people arrested has shot up by 750%, from 30 in 2012-13 to 255 in 2013-14, data from the Directorate of Revenue Intelligence shows, according to a report published in Mineweb. “Gold imports through the legal channel have
Kalyan Jewellers Announces 1st Phase of Expansion
Thrissue: Kalyan Jewellers recently announced that the brand is planning to increase its retail footprint by 13% in the first quarter itself. The company plans to enhance operations across seven states and will add 14 new showrooms, all on April 24th, 2021. While the brand has plans to scale up existing operations in the tier-1 cities, it will also focus on
Federation of Swiss Watch Ind. is Member of CIBJO
Milan: CIBJO, the World Jewellery Confederation, has announced that its Board of Directors has confirmed the membership of the Federation of the Swiss Watch Industry FH. CIBJO President Gaetano Cavalieri welcomed the decision, stating that it underscores the convergent interests of the watch, jewellery and gemstones industries, and the need for all to work together to protect consumer confidence and
Alrosa Extends its Existing Rough Supply Contracts
Moscow: Alrosa extended its existing rough diamond supply contracts through Q2 2021 after a thorough analysis of the market situation and its clients’ needs, as part of the preparation of new three-year arrangements. The company said the adaptation of its supply to real demand is aimed at ensuring support for an emerging supply demand balance. During Q1 2021, Alrosa hosted
Distinguishing the Afghan Emeralds from Others
Basel: The first detailed study characterising an emerald type from Afghanistan that has recently become available in the gemstone trade has been prepared by a team of scientists from the Swiss Gemmological Institute SSEF, and published in the most recent edition of Journal of Gemmology. One of the challenges posed by such emeralds is that they are on occasion mislabeled
