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
IGI’s IPO Opens on 13th December
Mumbai: International Gemmological Institute (India) Limited (“IGI” or “The Company”), shall open its Bid/Offer in relation to its initial public offer of Equity Shares on Friday, December 13, 2024. The total offer size of equity shares (face value of Rs. 2 each) aggregating up to Rs. 42,250 million [Rs. 4,225 crore] comprises a Fresh Issue of aggregating up to Rs. 14,750 million
GJEPC Discusses Industry Issues with CBIC
Mumbai: The leadership of the Gem and Jewellery Export Promotion Council (GJEPC) extended a warm welcome to Mr. Sanjay Kumar Agarwal, Chairman of the Central Board of Indirect Taxes & Customs (CBIC), along with Mrs. Prachi Saroop, Chief Commissioner of Customs, and Mr. Harish Dharnia, Commissioner of Customs, Mumbai, at the GJEPC office in Mumbai. The meeting aimed to foster
SRK Exports Presents Natural Diamond to Modi
New Delhi: On December 2, 2024, Surat-based diamantaire and Rajya Sabha MP Mr. Govind Dholakia honored India’s Prime Minister Mr. Narendra Modi with a remarkable natural diamond masterpiece, the “Navbharat Ratna.” Designed in the shape of India, this 2.12-carat diamond symbolizes the unity, brilliance, and enduring spirit of the nation. The creation of this extraordinary piece was undertaken by skilled
Rio’s Beyond Rare Diamond Tender Gets Strong Results
Perth: Rio Tinto’s second Beyond Rare tender has achieved a strong result, underscoring the rarity and unique provenance of the diamonds on offer. The auction, which featured some of the world’s most coveted natural fancy coloured diamonds, also showcased the continuing global demand for these rare treasures. The collection, which comprises 76 diamonds across 48 lots, included an exceptional mix
Membership of India's GJEPC Grows to 9000
Mumbai: The total number of members of the Gem and Jewellery Export Promotion Council (GJEPC), the apex body of Gem & Jewellery trade in India, has grown to 9000 members, its highest ever, registering a 38% increase as compared to 6,500 members in 2021. Mr. Vipul Shah, Chairman, GJEPC said, “The Council attributes this milestone to the leadership and continued
Rio Tinto to Proceed with Diavik’s A21 Pipe
YELLOWKNIFE, Canada: Rio Tinto has approved a $40-million investment in the first phase of underground mining below the existing A21 open pit at its Diavik Diamond Mine in the Northwest Territories of Canada. Based on the updated mine plan and production schedule including the A154N and A154S pipes, and subject to approval of the second phase of the A21 underground
De Beers 2022 Revenues Rise 18% To $6.6 Billion
London: De Beers’ total revenue for the full year 2022 increased 18% to $6.6 billion compared with $5.6 billion in 2021. Rough diamond sales in value terms grew 22% to $6.0 billion versus $4.9 billion in 2021, reflecting strong demand for rough diamonds, particularly in the first half of the year, with the midstream replenishing stocks following strong consumer demand
JGTD Attains 20% Growth
Dubai: Jewellery, Gem & Technology in Dubai (JGTD) saw a year-over-year 20% boost in buyer attendance throughout its three-day run, driven by an influx of new and returning buyers from 95 countries and regions. Held from 12 to 14 February at the Dubai World Trade Centre (DWTC), the B2B show is poised to live up to its boundless potential as
