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
Top News
GJEPC Webinar Explores Niryat Protsahan Support Under Export Promotion Mission
Mumbai: India’s Gem & Jewellery Export Promotion Council (GJEPC) organized a webinar recently to familiarize exporters with ‘Niryat Protsahan’ schemes under the Government of India’s Export Promotion Mission (EPM), with a focus on affordable finance, e-commerce exports and market diversification. The session featured Ms. Trupti Mhatre, General Manager, Export-Import Bank of India (Exim Bank); Mr. Sabyasachi Ray, Executive Director, GJEPC
Okavango Diamond Co. Appoints Yoram Dvash as Chairperson
Gaborone: Botswana’s state-owned rough diamond marketing firm, Okavango Diamond Company (ODC), has appointed former World Federation of Diamond Bourses (WFDB) president Yoram Dvash as chairperson of its board of directors. Dvash succeeds Gape Kaboyakgosi, who stepped down in November after leading the board for five years. Dvash brings deep industry leadership to the role, having headed the WFDB from 2020
Qatar Diamond Exchange Signs Strategic MoUs
The Qatar Diamond Exchange (QDE) has signed Memoranda of Understanding (MoUs) with the Diamond Exchange of Singapore, the Shanghai Diamond Exchange and the Tokyo Diamond Exchange during the 41st World Diamond Congress in Singapore. The agreements reflect QDE’s strategic focus on developing closer relationships with established diamond markets across Asia and creating new opportunities for trade and cooperation between Qatar
IDMA Mourns Passing of Vasant Mehta
Antwerp: The board and members of the International Diamond Manufacturers Association (IDMA) deeply mourn the passing of one of the global diamond industry’s and trade’s leaders and mentors, Mr. Vasant Mehta, who passed away earlier this week at the age of 81. Vasant served as IDMA’s Vice President from 1998-2000 and then from 2002-2008, on behalf of the Gem &
Petra Finds Five Rare Blue Diamonds
Johannesburg: Struggling gem producer Petra Diamonds Ltd. found five blue stones, typically among the most valuable in the world, at its flagship mine in South Africa. While the discovery will be a boost for the company that’s put itself up for sale after being dragged down by huge debts and a collapse in the diamond market, Petra cautioned that it
First Virtual World Diamond Congress Deemed Success
Antwerp: The third day of the 39th World Diamond Congress was concluded with a closing session addressed by World Federation of Diamond Bourses (WFDB) President Yoram Dvash and International Diamond Manufacturers Association (IDMA) President Ronnie VanderLinden. Mr. Yoram Dvash said, “This has been a World Diamond Congress that we will never forget.” He noted that participation had been high despite
Yoram Dvash Elected as President of WFDB
Antwerp: During the Working Session of the World Federation of Diamond Bourses (WFDB) , held on the opening day of the virtual World Diamond Congress, Mr. Yoram Dvash, President of the Israel Diamond Exchange (IDE), was formally elected as President of the WFDB for a three-year term, after having served as Acting President since April. Lin Qiang, President of the
IIJS Virtual to be Orgnaised in October 2020
Mumbai: India International Jewellery Show (IIJS Virtual), the digital edition of Gem and Jewellery Export Promotion Council (GJEPC’s) flagship August show, is scheduled in October, this year. Inspite of the pandemic that has crippled India’s economy, IIJS Virtual show has already created a buzz among industry circles, with initial exhibitors’ interest exceeding expectations. Like many industries, the jewellery industry too
