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
India Allows Jewellery Exports from Amritsar
New Delhi: The Ministry of Commerce & Industry has issued an update in the Gazette of India has announced an important amendment to the Handbook of Procedures, 2023, to further streamline jewellery exports. The Directorate General of Foreign Trade (DGFT) issued a public notice dated 13th November adding Amritsar Airport as an authorized export point for gold, silver, and platinum
Celebrate Int’l Men’s Day with MS Dhoni Signature Collection
Mumbai: This International Men’s Day, experience MS Dhoni’s most admired values and characteristics embedded in every smooth curve, fluid design and bold lines of Men of Platinum’s recently launched MS Dhoni Signature Edition. This iconic collection by Platinum Guild International (PGI) India’s Men of Platinum encapsulates Dhoni’s inspiring journey as well as his unmatched character and greatness with the resplendence of rare and
KP Fully Lifts CAR Diamond Exports Ban
Dubai: The Kimberley Process (KP) Plenary, which took place last week in Dubai, United Arab Emirates (UAE), saw members voting to lift a decade-long ban on rough diamond exports from the Central African Republic (CAR). KP suspended diamond exports from the country in May 2013 after the Seleka fighters seized the capital Bangui in March of the same year, overthrowing
India’s Significant Achievement at KP
Dubai: The delegation, led by Mr. Siddharth Mahajan, Joint Secretary, Ministry of Commerce, Government of India, and consisted Mr. R. Arulanandan, Director and Mr. Sabyasachi Ray Executive Director and team from GJEPC, participated in discussions in order to promote conflict-free rough diamond trade. India’s proactive engagement with the KP process highlights our dedication to upholding ethical sourcing practices, combating conflict
Alrosa Recovers 78.02-Carat Diamond
Moscow: The ALROSA diamond mining company reported the discovery of a large diamond weighing 78.02 carats at the Mir kimberlite pipe in Yakutia. The size of the diamond is 28.5 x 28.4 x 24.2 mm. This transparent, yellowish-greenish crystal has an octahedral shape, with minor technology-related damage of two tops and small inclusions. According to preliminary estimates of the Diamond
Belgium Approves New “Carat” Tax Proposal
Antwerp: Belgian newspaper Gazet van Antwerpen reports that Belgium’s Federal Council of Ministers has finalized and approved the legislative framework accompanying the budget proposal, including the new tax proposal for the diamond industry. According to Belgium’s Minister of Finance, Van Overtveldt, the new tax system, calculated as 0.55% of turnover, will result in an additional €50 million in tax revenue,
Euro MPs Vote to Ban Conflict Minerals
Brussels: In a surprise decision, the European Parliament recently voted to ensure that as with diamonds and other precious stones, European Union (EU) importers of tin, tantalum, tungsten and gold for manufacturing consumer goods, be certified by the EU to ensure they do not fuel conflicts OR human rights abuses in conflict areas. The decision to ban was unexpected because
India Condemns Discriminatory Practices
Mumbai: A news report appeared in some newspapers has alleged that Harikrishna Exports declined job to a person on basis of religion. Chairman of The Gem & Jewellery Export Promotion Council (GJEPC) Mr. Vipul Shah has issued a statement in this reference which says, “The Gem & Jewelry industry of India condemns discriminatory practices in employment and trading, be it
