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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IIGJ to Participate in Live Interaction with PM
Udupi: On the occasion of the first anniversary of the Pradhan Mantri Vishwakarma Scheme, the Indian Institute of Gems & Jewellery (IIGJ), a Project of GJEPC in Udupi, has been selected as one of seven institutes nationwide for a live interaction with Hon’ble Prime Minister Mr. Narendra Modi on 20th September 2024. PM Vishwakarma is a groundbreaking initiative aimed at empowering
Gemfields Announces Recent Auction Results
London: Gemfields recently announced the results of its auction, which primarily featured commercial-quality sapphire, corundum, and ruby. Held from 2 to 4 September 2024, the auction generated significant positive outcomes, particularly for lower-priced rough gems. The auction achieved a total revenue of USD 2.3 million, with 5.7 million carats (equivalent to 1,130 kilograms) offered across 10 lots, all of which
New Benefits Now Available for Courier Exports
New Delhi: The Central Board of Indirect Taxes and Customs (CBIC) under the Dept. of Revenue, Ministry of Finance has issued a circular introducing a new system that extends export-related benefits, including Duty Drawback, Remission of Duties or Taxes on Exported Products (RoDTEP), and Rebate of State and Central Taxes and Levies on Export of Goods (RoSCTL), to exports made
Gem-A Launches Autumn Issue of The Journal of Gemmology
London: The Gemmological Association of Great Britain (Gem-A) has launched the latest issue of its academic publication, The Journal of Gemmology (Volume 39, No. 3, 2024). Released digitally on September 12, this issue contains news and research from the international gemmological community, including an article reviewing Bohemian garnet (Cr-bearing pyrope) from the Czech Republic. Mined since the fifth century CE, Bohemian garnet
World Bank Sanctions US$ 45 Mn for Tanzania
Dar-Es-Salaam: The World Bank Group’s Board of Executive Directors recently approved of a credit of US $ 45 million “to improve the socioeconomic impacts of large and small-scale mining for the country and people”, said the Bank in a press note. The Bank also expressed its intention to “help increase private, local, and foreign investments” in the country. “This project
SA Diamond Valuator Fired For Probing De Beers
Johannesburg: A senior South African government diamond valuator in Johannesburg was allegedly blocked and consequently fired for investigating diamond giant De Beers. Independent Online reports Conrad Benn, the country’s first black diamond valuator, approached the high court to challenge the South African Diamond and Precious Metals Regulator’s decision to suspend him in April last year and fire him last month.
‘Blood Diamonds’ Posted Online
Luanda: The explosive and often shocking book about the Angolan diamond industry that led to criminal charges against its author has been posted online by Reporters Without Borders. Rafael Marques de Morais, a frequent critic of the Angolan government and its diamond business, was charged with criminal defamation in his home country for his 2011 book Blood Diamonds: Corruption and
Japan's Diamond Exports Surge to Record Levels
Tokyo: Japan’s diamond and gold exports have recently enjoyed a surge on the back of a weaker yen, which has pushed up prices, with exports through April rising to record levels, according to a report in the Nikkei Asian Review. Japan exported 350 million yen ($2.79 million) worth of diamonds in April, a 60-percent increase from a year ago. Exports
