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 to Hold 4 Seminars at Sep. VICENZAORO
Milan: CIBJO’s popular Jewellery Industry Voices webinar and seminar series will continue at the VICENZAORO show in Vicenza, Italy, with four hybrid seminars – in person at the Palladio Theatre at the Fiera di Vicenza exposition centre, and simultaneously live streamed. They will take place on Sunday, September 8, 2024. The event is being hosted by the VICENZAORO organizer, the
ALROSA Closes its Trading Office in Antwerp
Antwerp: ALROSA has declared bankruptcy of its Belgian trading division, Alrosa Belgium NV in Antwerp. According to the Belgian edition l’Echo, in mid-June the supervisory board of the company recommended termination of participation in the Belgian trading division of Alrosa Belgium through bankruptcy. “The representative office of the Russian company ALROSA in Antwerp, Belgium (Alrosa Belgium), was closed after the
10th IRGSS Inaugurated in Jaipur
Jaipur: The 10th Edition of the India Rough Gemstones Sourcing Show 2024 (IRGSS), organized by the Gem & Jewellery Export Promotion Council (GJEPC), was inaugurated on 27th August in Jaipur by Mr. Neeraj Dubey, Additional Commissioner of Customs, Jaipur in the presence of Mr. K. M. Meena, Assistant Commissioner of Customs, Air Cargo Complex (ACC), Jaipur, along with key industry representatives.
Jemimah Rodrigues & Nithyashree Venkataramanan Evara’s New Collection
Mumbai: In today’s world, young women are redefining strength, celebrating their unique journeys, and embracing every facet of their identity with pride. They are crafting their own stories, setting their own standards, and marking each milestone on their path.In the latest campaign for Platinum EVARA, Jemimah Rodrigues and Nithyashree Venkataramanan shine as they share their top platinum jewellery picks for the season.
Q2 Gold Demand Hits Record High: WGC
Mumbai: The World Gold Council’s (WGC) Q2 2024 Gold Demand Trends report reveals that total global gold demand increased 4% year-on-year to 1,258t, marking the strongest Q2 in our data series. Total demand was supported by healthy over-the-counter (OTC) transactions, up a notable 53% year-on-year at 329t. Increased OTC demand, continued buying from central banks, and a slowdown in ETF
De Beers’ Rough Sales Down by 20% in H1
Mumbai: Diamond mining giant De Beers announced its financial results for the first half of 2024, revealing a challenging operating environment marked by softening demand and increased competition from lab-grown diamonds (LGDs). The company reported a 21% decline in total revenue to $2.2 billion compared to $2.8 billion in the same period last year. Rough diamond sales also fell 20%
Delegation from Botswana Visits BDB
Mumbai: Bharat Diamond Bourse (BDB) recently hosted His Excellency, Mr. Gilbert S. Mangole, the esteemed High Commissioner of Botswana, along with Mr. Dipopego Julius Tsheko, Trade Attaché, on a visit aimed at fostering bilateral ties and exploring opportunities in the diamond industry. The visit took place on July 24, 2024 and included a comprehensive tour of the facilities and interactions
G&J Sector Welcomes the Union Budget
New Delhi: The Gem & Jewellery Export Promotion Council (GJEPC), India’s apex trade body for Gems & Jewellery) hailed the first Union Budget of Prime Minister Mr. Narendra Modi 3.0 government presented by Finance Minister Smt. Nirmala Sitharaman for the seventh historic time as a game changer for the indigenous gem & jewellery industry. Hon. Finance Minister acknowledged that India
