We Wish to Build Globally Relevant SKY Gold: Akash Talesara
Israel’s Diamond Industry Under Severe Pressure
Did Natural Diamond Ind. Misjudge LGD Threat?
Despite Collapsing Hike Odds, Rising Yields Kept Indian Gold, Silver Below Their Floors
Snap Shot: Most of the damage in the week ending 2 October landed before the good news arrived, and the good news then failed to repair it. August core PCE inflation, released on 30 September, rose 3.0% from a year earlier against expectations of 3.3%, helped partly by methodology changes at the Bureau of Economic Analysis. September payrolls on 2 October then added just 29,000 jobs against forecasts near 90,000, with unemployment at 4.2% and August revised down to 133,000
Despite Collapsing Hike Odds, Rising Yields Kept Indian Gold, Silver Below Their Floors
Snap Shot: Most of the damage in the week ending 2 October landed before the good news arrived, and the good news then failed to repair it. August core PCE inflation, released on 30 September, rose 3.0% from a year earlier against expectations of 3.3%, helped partly by methodology changes at the Bureau of Economic Analysis. September payrolls on 2 October then added just 29,000 jobs against forecasts near 90,000, with unemployment at 4.2% and August revised down to 133,000
Top News
AWDC Reacts to the Resignation of Ari Epstein
Antwerp: With a formal response, the AWDC Board of Directors, with Isidore Mörsel as Chairman, reacted to media reports concerning the resignation of Ari Epstein as CEO of AWDC, and speculation about the reasons behind that resignation. The Board strongly denies that it opposes the measures taken by the Group of Seven to ensure that Russian diamonds no longer enter
GJEPC Unveils Exclusive Gem & Jewellery Show
Jaipur: The apex body of the gem and jewellery industry in India, GJEPC hosted the 3rd edition of International Gem & Jewellery Show (IGJS) in Jaipur. The event, powered by Gemfields, is being held from 12th to 14th April at Novotel Jaipur Convention Centre, Jaipur. IGJS Jaipur is a curated event, showcasing the best of Indian craftsmanship, featuring over 54 jewellery manufacturers and exporters
AGTA Bans LGDs, Gemstones at GemFair
Dallas: The American Gem Trade Association (AGTA) announced that, starting at Tucson next year, exhibitors will not be allowed to sell lab-grown diamonds or colored gemstones at the AGTA GemFair. National Jeweler received a news release on AGTA’s decision via email Wednesday morning. The release also was posted on the AGTA website, though it had been removed by Wednesday evening. AGTA
Ari Epstein Resignes as CEO of AWDC
Antwerp: Ari Epstein has resigned as CEO of the Antwerp World Diamond Centre (AWDC) after 13 years in the position, the trade body announced Thursday. AWDC declined to comment on why he’s stepping down or when it would appoint a successor. “This marks the end of an era of visionary leadership and significant contributions to not only our company but
Russia Plans to Divert Diamonds in Case of Sanctions
Moscow: In the event that the European Union decides to apply sanctions on Russia in general and the Russian diamond industry specifically, over the country’s conflict with neighboring Ukraine, Moscow plans to divert a large chunk of its diamond exports to other countries, Rough and Polished reports. Russian Federation Ministry of Finance Administrative Department Chief Alexander Akhpolov told Kommersant Vlast
Antwerp’s Rough Trade Still Thriving in August
Antwerp: This month’s rough trade in Antwerp outperformed that of August 2013, with increases in both import and export, continuing the positive trading streak of this year. Imports and exports of polished saw some adjustments due to the modest trading in the same month last year. Rough trading continued in a positive vein this month, further extending the robust figures
Antwerp to Hold 3rd Zimbabwe Diamond Auction
Harare: Zimbabwe is holding its third 10- day diamond auction at Antwerp until later this month with approximately 500,000 carats of diamonds expected to go under the hammer, a facilitating company has said. The auction is the country’s fifth since it started auctioning its rough diamonds on the international market in December last year. Zimbabwe held its first diamond auction
DDC to Host Third Edition of IDW in New York
Ramat Gan: The Israel Diamond Exchange (IDE) and the Diamond Dealers Club of New York (DDC) will hold the third edition of the Israel Diamond Week in New York November 10-13, 2014, on the trading floor of the Diamond Dealers Club of New York, which is located on 580 Fifth Avenue in midtown Manhattan. The annual event is a joint
