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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Platinum EVARA’s Exquisite Jewellery
Mumbai: This monsoon, let the rhythm of the rain inspire your style. Platinum Evara’s exquisite jewellery, crafted from pure platinum, brings a subtle yet striking charm to every rainy day, infusing your look with effortless glamour. Our collection, made from 95% pure platinum, epitomizes understated sophistication. With its natural white sheen and meticulous craftsmanship, these pieces are essential for your
Direct Export Import is now Possible from SDB
Surat: The Central Board of Indirect Taxes & Customs (CBIC) has approved the setting up of a customs house at the Surat Diamond Bourse (SDB). According to a statement issued by SDB, all necessary formalities were finalized on Tuesday. The customs house, occupying an area of 40,000 square feet, is now ready for use at SDB. Direct export and import from Surat Diamond Bourse
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%
WDC Praises Determination of KP Participants
New York: World Diamond Council (WDC) President Feriel Zerouki struck a cautiously optimistic note at the conclusion of the 2023 Kimberley Process Plenary on November 10, 2023, at Victoria Falls in Zimbabwe, after the Plenary agreed on 98 items. President Zerouki noted that a real milestone has been set with the finalization of arrangements for the establishment of Permanent KP
iTraceiT Partners with Cutwise Group
Hennuyeres, Wallonia, Belgium: iTraceiT, an independent, third-party company specializing in traceability solutions and the creator of the world’s first digital diamond passport has entered into a partnership with the Cutwise Group to permit users of iTraceiT to integrate the data of the Cutwise “DiLog” report for the scans of polished diamonds into their workflow, and thus enhance the traceability of
JGTD 2024 Announces New Show dates, Venue
Dubai: Jewellery, Gem & Technology in Dubai (JGTD) is rescheduling its third edition to 12 – 14 November 2024 as it prepares to move to its new home in Halls 1 & 2 South of the Dubai Exhibition Centre (DEC). The fair was originally set for 6 – 8 February 2024 at the Dubai World Trade Centre (DWTC). Situated in the Expo/District 2020 neighbourhood and community
GJEPC Opens New Office at Zaveri Bazar, Mumbai
Mumbai: India’s Gem & Jewellery Export Promotion Council (GJEPC), the leading authority in India’s gem and jewellery trade, inaugurated its second office on 1st November, located at Zaveri Bazaar, Mumbai. The opening ceremony was graced by Dr. Harshdeep Kamble, IAS, Principal Secretary of Industries for the Government of Maharashtra, along with Mr. Vipul Shah, Chairman, GJEPC, Mr. Kirit Bhansali, Vice Chairman,
