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
‘Current State of Diamond Market’
New York: At a panel held during “The Current State of Diamond Market” on July 16 during the Initiatives in Art and Culture’s 14th annual Gold + Diamond Conference in New York City, most speakers agreed that the natural and lab-grown diamond sectors are hurting right now. At the panel, which Rob Bates of JCK moderated, several IDMA board members shared their
Karen Rentmeesters Appointed Permanent CEO of AWDC
Antwerp: Yesterday, the Board of Directors of the Antwerp World Diamond Centre (AWDC), the umbrella organization defending the interests of Antwerp’s diamond community, appointed Karen Rentmeesters as the new, permanent CEO. Rentmeesters, who have more than 14 years of experience within the organization, including 7 years as head of the PR & Industry Relations department and 3 months as interim
Remarkable Growth in Buyers at CARATS-2024
Surat: The diamond industry gathered in Surat city for an exhilarating three-day showcase of loose diamond, natural diamond, lab-grown diamond, jewellery, machinery, software and cutting-edge technology, held from 12th July to 14th July 2024 at the Surat International Exhibition and Convention Centre located at Sarsana, Surat. Organized by Surat Diamond Association (SDA), this premier B2B event brought together leading manufacturers,
GJEPC Holds 1st Ever Meeting with Kashmir Jewellery Trade
Srinagar: India’s Gem & Jewellery Export Promotion Council (GJEPC’s) leadership and Committee of Administration (CoA) held its first ever meeting with the jewellery trade community of Kashmir on 18th July in Srinagar. The meeting marks a significant step in building stronger ties and exploring collaborative opportunities between the jewellery traders and retailers of Kashmir and the wider trade network across
India may Announce Budget Sops
Mumbai: India’s gems and jewellery sector, one of the focus areas of the government’s ambitious ‘Make in India’ programme, may get incentives in the Union Budget next month. The sector contributes significantly to growth in the country’s overall exports and has been identified by the government as one of the 25 focus segments for ‘Make in India’ campaign. Commerce and
DDE to Host Second Diamond Conference
Dubai: The Dubai Diamond Exchange (DDE) has announced that it will host the second Dubai Diamond Conference. The agenda will include panel discussions on business development in Africa, ethics, finance and synthetic diamonds. The two-day event will include speakers from Africa, the Middle East and Asia, including several ministers of Mines and Mineral Resources from leading African diamond producing countries.
Indian Jewellery Firms Struggle to Get Credit
Mumbai: Jewellery firms are finding it increasingly hard to get credit to import raw material and ship out their wares as banks tighten the screws, worried about defaults and sharp practices in the sector, reports Business Today. The problem has become so acute that jewellery industry executives are sitting down for talks next Tuesday with finance ministry officials, said Bachhraj
Lust for Gold Eating up World’s Last Rainforests
New York: Global demand for gold is putting some of the most remote and pristine tropical forests at risk, especially in South America, a study published in Environmental Research Letters shows. Most of the deforestation for mining occurred after 2007, when gold demand increased following the financial crisis as investors sought a safe haven for their money. Around 1,680 sq.
