Despite Collapsing Hike Odds, Rising Yields Kept Indian Gold, Silver Below Their Floors

Snap Shot: Most of the damage in the week ending 2 October landed before the good news arrived, and the good news then failed to repair it. August core PCE inflation, released on 30 September, rose 3.0% from a year earlier against expectations of 3.3%, helped partly by methodology changes at the Bureau of Economic Analysis. September payrolls on 2 October then added just 29,000 jobs against forecasts near 90,000, with unemployment at 4.2% and August revised down to 133,000

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Despite Collapsing Hike Odds, Rising Yields Kept Indian Gold, Silver Below Their Floors

Snap Shot: Most of the damage in the week ending 2 October landed before the good news arrived, and the good news then failed to repair it. August core PCE inflation, released on 30 September, rose 3.0% from a year earlier against expectations of 3.3%, helped partly by methodology changes at the Bureau of Economic Analysis. September payrolls on 2 October then added just 29,000 jobs against forecasts near 90,000, with unemployment at 4.2% and August revised down to 133,000

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HRD Ceases Certifying Synthetic Diamonds

Antwerp: HRD Antwerp, the Antwerp-based diamond laboratory and subsidiary of the Antwerp World Diamond Centre (AWDC), has announced that it will cease certifying synthetic diamonds. With this decision, HRD becomes the first and only diamond lab in the world to focus exclusively on natural diamonds. The move reaffirms Antwerp’s role as the international hub for natural diamond trading and marks

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GJEPC Signs Historic ‘Luanda Accord’

Luanda: India’s Gem & Jewellery Export Promotion Council (GJEPC) has signed yesterday ‘The Luanda Accord’ in Luanda, Angola alongside the Mining Ministers of Angola, Botswana, South Africa, and Namibia, in collaboration with prominent industry bodies such as AWDC, Belgium, DMCC, Dubai, and De Beers. As the leading global organization driving the international growth of the jewellery industry, GJEPC’s efforts are

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Emmanuelle Nodale Appointed as Brand CEO, De Beers

London: De Beers Group today announced the appointment of Emmanuelle Nodale as Brand CEO, De Beers London, as the brand enters a new phase of global expansion and strategic evolution as part of the Group’s Origins strategy. With over 20 years of expertise in shaping and developing global brands, Nodale is recognised for her strategic leadership and ability to translate

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New Collaborations, Partner Alignments Expected from PGI’s Upcoming BSM

Mumbai: Platinum Guild International (PGI) is organizing its annual Buyer Seller Meet (BSM) in Kochi on 26-27 June. The 8th edition of India Buyer-Seller Meet is an exclusive, invitation-only event focused on fostering collaboration and business opportunities between platinum jewellery retailers and manufacturers. It serves as a platform for showcasing innovative designs, finalizing orders, and building partnerships ahead of key

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Former De Beers Sales Director Joins Venus Jewel

Surat: Venus Jewel reports that Mahiar Borhanjoo, former executive sales director and senior vice president of sales, has been appointed as managing director of Venus Jewel International. He will be focused on creating new business ventures and further growing the global portfolio of Venus Jewel. Borhanjoo spent the last six years in his roles at De Beers. “It is wonderful

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Gem-A Releases The Latest Journal Of Gemmology

London: The Gemmological Association of Great Britain (Gem-A) has released the latest issue of its academic publication, The Journal of Gemmology, in collaboration with the Swiss Gemmological Institute SSEF and with the support of the American Gemological Laboratories (AGL) and the Gem and Jewelry Institute of Thailand (GIT). The current issue (Vol. 34, No. 4, 2015), released on 21 January

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Four Bourses Support Marketing Efforts

Antwerp: Shmuel Schnitzer, President of the Israel Diamond Exchange (IDE) and Marcel Pruwer, President of the Antwerp Diamond Bourse, issued a joined statement today, expressing support of the marketing efforts bourses in Antwerp and Ramat Gan have developed locally. The two presidents made the statement toward two distinct events that will take place in February – the Antwerp Diamond Trade

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Are Diamond Buyers ‘Scared’ of De Beers’ power?

New York: Diamond buyers are allegedly “scared stiff” of De Beers’ power as prices the company demands for rough stones were beyond their reach. Bloomberg quoted Diamonds, Precious Stones and Jewelry Administration director Shmuel Mordechai as saying the money that buyers get for cut gems was failing to keep up with what De Beers was asking. “It (De Beers) dictates

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