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Israel’s Diamond Industry Under Severe Pressure
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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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JNA Awards 2014: Deadline for Entries Extended to 8th May
Hong Kong: JNA Awards, the annual industry-wide event that honors the innovators and leaders of the international jewellery industry, with a focus on their achievements and contribution in Asia, has now extended the deadline for accepting entries up to 8th May, 2014, an official press release issued by the organizer says. Individuals or companies may submit their entries or on behalf
CIBJO Releases Colored Stone Special Report
Milan: With fewer than five weeks to go to the opening of the 2014 CIBJO Congress in Moscow on May 19, 2014, the fourth of the CIBJO commissions Special Reports has been released, as stated in a press brief. Prepared by the CIBJO Colored Stone Commission, headed by Nilam Alawdeen, the report focusses on the proper disclosure of gemstone treatments and
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
New LGD Identification System by Diamond Services
Hong Kong: Diamond Services, the Hong Kong-headquartered developer of technological systems and services for detecting laboratory grown, imitation and treated diamonds, has announced that it is introducing into its laboratories a new device developed by its own research and development team, which improves the range of detectable merchandise to include all rough and polished stones in the lower yellowish-to-light-brown colour
Coronet Awarded Guinness World Records at Baselworld
Basel: Coronet yet again exceeded expectations at the 2019 Baselworld watch and jewelry trade fair. The brand was awarded its 9th GUINNESS WORLD RECORDS with the ‘most diamonds set on a watch’. Coronet is already a proud title holder of previous 8 GUINNESS WORLD RECORDS for innovative diamond creations, including the most valuable Guitar featuring 1.6kg of 18K gold and
London Police Arrests Nirav Modi
Mumbai: The most wanted accused in PNB fraud case, fugitive jeweler Mr. Nirav Modi was arrested in central London Tuesday on behalf of Indian authorities, the city’s police has said. Mr. Modi will appear at Westminster Magistrates’ Court Wednesday, the Metropolitan Police said in a statement. He, together with his uncle, jeweler Mr. Mehul Choksi, allegedly defrauded India’s Punjab National
Jwaneng Mine's Life to be Extended
Gaborone: Debswana, De Beers’ Botswana joint venture, has launched a new project set to extend the life of its Jwaneng mine until 2035. The Cut-9 expansion, which will cost Debswana approximately $2 billion, is expected to produce an estimated 53 million carats of rough diamonds, the company said Monday. “With global consumer demand for diamonds reaching record levels in 2018,
