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 $51.94 while cheaper oil pushed the odds of a December Fed hike down from about 71% on 30 October to 64% ahead of Friday’s payrolls, according to CME FedWatch readings reported by Benzinga and Reuters. The jobs data sent the odds back up to 74.8%, CNBC reported, a
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Transition Period for Revised SoW Ends Soon
New York: The World Diamond Council’s (WDC) revised System of Warranties is set to reach its first critical deadline on September 21, 2024, when it becomes obligatory for all rough diamond sales. The global mechanism created by the organization helps companies provide assurance that the goods they are trading are in alignment with the Kimberley Process Certification Scheme (KPCS), by
India’s Plain Gold Jewellery Exports Grew by 61%
Mumbai: For the FY 2023-24,exports of Plain Gold Jewellery surged by an impressive 61.72% to US$ 6792.24 million as compared to US$ 4199.96 million in FY 2022-23. “Total Gold jewellery (plain & studded jewellery), which experienced a 10.47% decline between April 2023 to September 2023, rebounded strongly in the latter half of the year, achieving a growth of 46.91%.” The UAE emerged as a significant market for plain
Turkish Role in Development of Jewellery’s Heritage
Milan: Gaetano Cavalieri, President of the World Jewellery Confederation (CIBJO), has highlighted the foundational role played by the Turkish people over thousands of years in the development of the jewellery arts and tradition. Visting Istanbul as a guest of the Turkish Jewellery Exporters’ Association and its President, Burak Yakin, he spoke both at the opening of the “Art For Jewellery
International BSM Held at Bharat Ratnam
Mumbai: Gem and Jewellery Export Promotion Council of India (GJEPC), the apex trade organization dedicated to promoting Indian gem and jewellery exports worldwide, organised the International Gem and Jewellery Buyer Seller Meet (BSM) the first ever at the newly inaugurated Bharat Ratnam, Mega CFC SEEPZ in Mumbai. This event is specifically designed to cater to international buyers from the U.S.,
De Beers Begins New Sightholder Contracts
Gaborone: The De Beers Group of Companies today began its 2015-2018 Global Sightholder Sales (GSS) contract period. In addition to the 84 Sightholders, the company also added two companies to its newest client category, the Accredited Buyers, reports idexonline. While Sightholders qualify for term contract supply (provided via the Intention to Offer or ITO planning process), Accredited Buyers can purchase
Grading Standards on Focus at CIBJO Congress
Milan: Representatives of leading gem laboratories will join diamond, gemstone and jewellery industry leaders in Salvador, Brazil, on May 6, for a special conference on the first day of the 2015 CIBJO Congress, which will focus specifically on the standards and practices used by grading laboratories in the industry, and the quality of the grading reports they produce. More specifically
Antwerp Diamond Industry Prepared for More Taxes
Antwerp: The AWDC has taken note of the government decision to introduce a tax system calculated on a lump-sum basis. “Diamantaires are willing to pay higher taxes in exchange for financial predictability and legal certainty”, said Ari Epstein, CEO of the Antwerp World Diamond Centre. Under the new tax system, diamantaires would be taxed according to a fixed percentage of
RBI Vows to Trim Banks' Exposure to Corporates
Mumbai: The Reserve Bank of India (RBI) has proposed to lower the ceiling on how much a bank can lend to a single corporate group, in a move to curb risks in the banking sector at a time when bad loans are on the rise, reports firstspot.com. Under the proposal, banks would only be allowed to lend up to 25
