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
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
Gautam Adani Graces the 51st IGJA
Jaipur: India’s Gem & Jewellery Export Promotion Council (GJEPC) presented the coveted 51st India Gem & Jewellery Awards (IGJA) held in Jaipur, honouring the leading exporters of the gems & jewellery industry. GJEPC presented a total of 24 IGJ Awards: 14 – Industry Performance Awards; 7- Special Recognition Awards; 2 – Felicitation Awards; and 1- Bank supporting the Gems & Jewellery
AWDC & Angola Strengthen Trade Relations
Antwerp: Earlier this week, the Antwerp World Diamond Centre (AWDC) and Angola signed a Memorandum of Understanding (MoU). AWDC, the umbrella organization for Belgian diamond companies, hailed this as a significant milestone in its partnership with Angola, one of the world’s leading diamond-producing countries. By formalizing their collaboration through the MoU, both parties aim to strengthen trade relations, ensuring that
Renewed Warning to 'Diamond Mixers' in India
Mumbai: In response to messages that have reportedly been circulating on social media about a number of leading Indian diamond companies said to be involved with recent mixing of synthetic and natural diamonds, India’s Gem and Jewellery Export Promotion Council (GJEPC) and the Surat Diamond Association (SDA) issued a joint statement this week warning of legal action against those caught
Mellier Supports Forevermark Brand Strategy
New York: Mr. Philippe Mellier, Chief Executive, De Beers Group, welcomed Forevermark partners during a private cocktail event in New York addressing the challenges and opportunities facing the diamond industry articulated in the 2014 Diamond Insight Report. The address culminated with attention to the strategic reasons behind the emergence of diamond brands and growth of Forevermark. Mr. Mellier said, “It
India Does not Plan New Gold Import Curbs
New Delhi: The government on Wednesday ruled out restoring of curbs on gold import, even as jewellers pressed for cutting Customs duties, reports Business Standard. After a recent spurt for three months, imports slumped in December and in the early days of January. Speaking to reporters after a meeting with representatives of the gems and jewellery sector in New Delhi
GJEPC Submits Pre-Budget Suggestions
New Delhi: Gem & Jewellery Export Promotion Council (GJEPC) Chairman Mr. Vipul Shah presented the pre-Budget wish list of the gem and jewellery export industry to Finance Minsiter Mr. Arun Jaitley at a meeting held in Delhi which was attended by representative trade and industry bodies from different sectors. The issues he raised were generally concerned with procedures of import,
