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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Tariff War: U.S. Jewellery Industry at Risk
New York: World Diamond Council (WDC), the U.S. based organization representing the international natural diamond value chain, acknowledges the U.S. Government’s emphasis on fair and reciprocal trade and advocates for policies that support strengthening American manufacturing to deliver tangible benefits to U.S. businesses, workers and consumers. In this spirit, the WDC respectfully urges the U.S. Administration to consider granting a
Surging Gold ETFs Fuel Q1 Demand
Mumbai: The World Gold Council’s (WGC) Q1 2025 Gold Demand Trends report reveals total quarterly gold demand (including OTC ) was 1,206t, a 1% increase year-on-year, in a record high price environment, in which gold surpassed US$3,000/oz. The gold ETF revival fuelled a more-than doubling of total investment demand to 552t, a 170% year-on-year increase and the highest since Q1
Gemfields Announced Results of Latest Auction
Bangkok: Gemfields announced its latest rough ruby auction, which took place April 21-25 in Bangkok, Thailand, brought in $7.2 million. At the sale, 73 percent of the 250,004 carats on offer sold, and the average price per carat was $39.47. The auction was held in Bangkok this month and saw Mozambican rough rubies from Montepuez Ruby Mining (MRM) go
Celebrate Akshay Tritiya with Platinum Jewellery
Mumbai: Celebrated as one of the most auspicious occasions in Hindu culture, Akshay Tritiya marks a day of new beginnings, prosperity, and good fortune. It symbolizes the onset of new endeavours, prosperity and unending blessings. This year, the festival will be celebrated on 30th April 2025. As the celebrations around Akshay Tritiya evolve, the significance of purchasing ‘true white’ continues
Zimbabwe to Set up 32 Gold Processing Centres
Harare: Zimbabwe Government plans to establish 32 gold processing centres in small-scale mining areas around the country to increase their contribution to national output, a senior government official has said. The centres would offer various services such as gold milling, collection points as well as assist with Environmental Impact Assessments. Mines and Mining Development deputy Minister Fred Moyo said the
AWDC Thanks Diamond Industry for Support
Antwerp: The Antwerp World Diamond Centre (AWDC) expresses its sincere gratitude for the many messages of support and solidarity from diamond organizations around the world after the tragic attacks in Brussels on Tuesday. Among the many organizations sending their condolences to AWDC and Belgium are: World Diamond Council, World Federation of Diamond Bourses, International Diamond Manufacturers Organization, India’s Gem and
Stanchart Tightens Loan Terms to Diamond Sector
London: Standard Chartered’s push to bring some sparkle back to its performance has led the emerging markets bank to tighten its terms for lending to the diamond sector, reports Financial Times. The London-listed bank has asked diamond dealers to provide more collateral or to take out insurance protection on their loans, without which they will have to pay higher interest
CIBJO Launches New Main Website
Milan: CIBJO, the World Jewellery Confederation, has launched a new main website. Located on the web at www.cibjo.org, it represents a technological upgrade from its predecessor, providing users with more information about the organization and the jewellery sector, as well as improved functionality. The launch of the website is the first stage of a three-part upgrade of CIBJO’s online presence,
