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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CIBJO Special Report on Precious Metals
Milan: As the countdown to the 2024 CIBJO Congress in Shanghai continues, the third pre-Congress Special Report has been released. Prepared by the CIBJO Precious Metals Commission headed by Vaishali Banerjee, Managing Director of PGI India, the report offers a comprehensive analysis of the gold, platinum, palladium, and silver markets over the past year. The group of precious metals showed
India’s Imports of Russian Diamonds Increased
New Delhi: India’s imports of Russian diamonds have increased during January-June 2024 by 22% year-on-year to 4.1 million carats, according to the official data of the Indian Ministry of Commerce and Industry. In June, Russian exports amounted to 347,620 carats, which is almost 32% more than in June last year. In six months, most of the supplies, about 77%, accounted
Gems Keep Giving Relaunches with New Board
New York: Gems Keep Giving (GKG), an International Colored Gemstone (ICA) industry initiative that supports communities in artisanal colored gemstone mining and cutting communities, has recently reorganized, appointing a new board and Chair. Securing its stature as an independent, not-for-profit (501-C3) charitable organization, Gems Keep Giving newly elected Board members are Hayley Henning (Chair), Damien Cody, Clement Sabbagh, Ruth Benjamin-Thomas, Brian
Augmont Gold For All Wins Top Honours
Mumbai: Augmont Gold For All, one of India’s largest fully integrated Gold-Tech companies, announced its double victory at the India Gold Conference 2023-24. The company has secured two of the industry’s most prestigious awards: Leading Gold Bullion Refiner (All-India) of 2023-24 and Innovative Digital Gold Player of 2023-24. These accolades underscore Augmont’s dominance and pioneering spirit in the gold market. The
De Beers Drastically Slashes Diamond Prices
London: Diamond giant De Beers slashed the price of its precious solitaires amid plunging sales as bargain-hunting fiancées increasingly opt for cheaper labgrown gems, according to Bloomberg. Among De Beers’ larger stones, one category of mined diamonds had its price slashed by as much as 25%. The category, called “select makeables,” include big rocks between two and four carats that can
CIBJO’s Seminars at January Vicenzaoro
Milan: CIBJO’s popular Jewellery Industry Voices webinar and seminar series will kick off its fifth season at the VICENZAORO show in Vicenza, Italy, with seven hybrid seminars – in person at the Fiera di Vicenza exposition centre, and simultaneously live streamed. They will take place over two days, on Saturday, January 20, 2024, and Sunday, January 21, 2024. The event
Cleaver Quitting from all Roles of De Beers
Gaborone: Bruce Cleaver is stepping down from his remaining roles with De Beers, after quitting as CEO last February. He will no longer serve as co-chairman of the De Beers’ board of directors and is resigning from the board of Element Six, its lab grown company. “The focus of Bruce’s role on these boards was to enable a smooth transition
Platinum Jewellery Shines at Golden Globe Awards
Mumbai: The 2024 awards show season kicked off in high gear with Hollywood’s most notable celebrities opting for a stunning array of jewellery designs set in platinum at the 81st Annual Golden Globe Awards. The luxurious and timeless metal is the perfect fit to complement couture dresses and custom suits. Overall, there was a return to classic Hollywood glamour with sophisticated
