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
WFDB Supports United Industry Position on Tariffs
Antwerp: The World Federation of Diamond Bourses (WFDB) announced recently that it stands united with the industry-wide position to request that the US Government grant a tariff exemption for natural diamond imports. The WFDB supports the statement released by the World Diamond Council (WDC) yesterday, which advocates for an industry-wide strategic exemption for natural diamonds. The WDC statement has been
India UK Sign Free Trade Agreement
Mumbai: India and the United Kingdom (UK) sorted out major differences during the latest round of talks in April end at London and announced yesterday the conclusion of the long-awaited Free Trade Agreement. Amid fears of potential fresh tariffs under US President Donald Trump and a renewed global push for deal-making, the UK trade agreement is the first among many India is
Diavik Gets TSM Excellence Award
Perth: Rio Tinto’s Diavik diamond mine has been awarded the Towards Sustainable Mining (TSM) Environmental Excellence Award for its solar power plant, the largest off-grid solar installation in Canada’s territories. Activated in July last year, the 3.5-MW facility features 6 620 bi-facial panels and is designed to meet up to 25% of the site’s power needs during closure, which is
Jewellery Industry Unites to Protect Consumer Confidence
Milan: In a landmark move for the jewellery sector, the World Jewellery Confederation (CIBJO) has launched a four-month public consultation for The Blue List: The Responsible Jewellery Supply Chain Lexicon. This initiative marks the culmination of a collaborative effort spanning more than three years to establish a globally harmonized glossary of responsible sourcing and sustainability terminology for the jewellery, gemstone
GJ Industry Voices Concern at USTR Public Hearing
Mumbai: At the United States Trade Representative (USTR) multi-jurisdictional hearing held virtually on 10th May, India’s Gem & Jewellery Export Promotion Council (GJEPC) along with other major trade bodies and leading exporters from the gem & jewellery sector represented Indian industry’s grievances over a proposed 25% import duty on 17 Indian jewellery items. The witnesses from gem & jewellery sector
Relief to Indian Jewellers on Mandatory Hallmarking
Mumbai: The Nagpur Bench of Bombay High Court passed an interim order on 7th May 2021, which stops Bureau of Indian Standards (BIS) from taking any coercive action on jewellers (across India) or impose penalty on those who may not comply with BIA (BIS Act, 2016) regulations [Section 29(2)] on mandatory hallmarking due to the lack of adequate infrastructure in terms of assaying &
WFDB, BDB Raise Funds for COVID Relief in India
Antwerp: The World Federation of Diamond Bourses (WFDB) and Bharat Diamond Bourse (BDB) have launched a campaign, Diamond Aid, to raise funds to help India in its battle with COVID-19. Recently, the WFDB Executive Committee held an emergency session over Zoom, and decided unanimously to take the lead in mobilizing the international diamond and jewelry industry to donate. The goal
Q1 2021: Fancy Colour Prices Increase
New York: The Fancy Color Research Foundation (FCRF) announced today the Fancy Color Diamond Index results for Q1 2021. Prices of Fancy Color diamonds increased by 0.3% during Q1 2021 with Blues (0.5%) and Pinks (0.4%) marking the direction. Following a challenging year, the first quarter of 2021 proved that Fancy Color Diamond prices are resilient and on the rise
