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
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India Pavilion at Jewellery, Gem & Technology Dubai Exhibition
Mumbai: India’s Gem & Jewellery Export Promotion Council (GJEPC) has organised an India Pavilion at the 3rd edition of the Jewellery, Gem & Technology Dubai 2024 show being held from 12th to 14th November 2024, at the Dubai Exhibition Centre. This year the India Pavilion is hosting 20 top Indian companies across 24 booths, showcasing an array of loose stones,
GIA to Shut Down Israel Lab
Ramat Gan: The Gemological Institute of America (GIA) has announced the closure of its laboratory in Ramat Gan, Israel, citing financial unsustainability. The lab, which began operations in August 2012, will shut down by the end of this year. Submissions will be rerouted to other GIA laboratories at no additional shipping cost, according to a GIA press release. GIA has
New Wastage Norms for Jewellery in India
Mumbai: India’s Directorate General of Foreign Trade (DGFT) has revised wastage norms and Standard Input Output Norms (SIONs) for jewellery , effective from 1st January 2025. DGFT had reduced the wastage norms drastically across all jewellery categories vide Public Notice No. 05/2024-25 on 27th May 2024, recognizing the impact of these drastic reductions, the Council promptly convened a stakeholder meeting
Gems Keep Giving Sends Funding Requests
New York: Gems Keep Giving (GKG), the global gemstone industry and trade initiative that supports communities in artisanal colored gemstone mining and cutting communities, calls upon industry members and players in the colored gemstone supply chain to bring suitable projects to GKG’s attention. “GKG is proud of its first project in Kamtonga, Kenya. In 2022, GKG completed a project to
WFDB Presi. Ernie Blom Praises New ISO Standard
Antwerp: World Federation of Diamond Bourses (WFDB) President Ernie Blom has praised the release of ISO International Standard 18323: Jewellery – Consumer confidence in the diamond industry. Providing a series of definitions which aim to provide further clarity for traders and to maintain consumer confidence in the diamond industry as a whole, the WFDB was involved in formulating them, said
Crisis Worsens: De Beers Allowing Large Deferrals
Gaborone: In an unprecedented move and a sign of the diamond industry’s deepening crisis, De Beers is letting sightholders put off buying up to 75 percent of their allocations at its August sight, reports jckonline. This comes amid several reports of defaults in the Indian industry, including reported problems at one substantial company, Godhani Gems. There are also reports of
CIBJO welcomes publication of ISO Int'l Standard
Milan: CIBJO has welcomed the publication of ISO International Standard 18323, entitled “Jewellery – Consumer confidence in the diamond industry,” which specifies a set of permitted descriptors for the diamond industry that are designed to be understood by consumers. The new ruling by the International Standards Organization explicitly defines a diamond as having been “created by nature” and further notes
Rajesh Exports Acquires Largest Gold Refinery
Mumbai: Valcambi is the world’s largest precious metal’s refining company headquartered at Switzerland. Valcambi has processed and sold 945 tons of Gold and 325 tons of Silver on an average per year during the last three financial years which is more than the annual consumption of gold in India. Valcambi refinery is London Bullion Market Association (LBMA) accredited and Valcambi
