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
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Kareena Kapoor Opens Women Entrepreneurs’ Exhibition
Mumbai: The 36th edition of the most anticipated event in the city – the Women Entrepreneurs’ Exhibition organized by the Ladies’ Wing of the IMC Chamber of Commerce and Industry opened yesterday. For over five decades, the Wing has championed women’s empowerment, fostered entrepreneurship, and promoted economic growth through its innovative initiatives. This popular event was a spectacular showcase of
5th Bharat Diamond Week from 2nd Oct
Mumbai: The Bharat Diamond week (BDW) is an exclusive Diamond and Diamond Jewellery Exhibition organized by Bharat Diamond Bourse [BDB] within the BDB complex in Mumbai, India. This 5th edition of BDW has confirmed Buying delegations from Diamond buying fraternity. Close to 50 large medium sized and small Diamond companies have confirmed booth space and would be showcasing exclusive high quality diamonds and
India’s 1st Jewellery Exports Through Courier
Mumbai: India’s Gem & Jewellery Export Promotion Council (GJEPC) has achieved a significant milestone by facilitating the country’s first jewellery exports through courier mode from Mumbai. This development represents a significant leap forward in simplifying international trade. India’s first 4 jewellery exports from Caratlane via Air India from India to USA was departed on 6th September 2023. The total export value
International Diamond Week from April 1st, 2024
Ramat Gan: The Israel Diamond Exchange (IDE) will once again host a professional diamond conference and international diamond exhibition during International Diamond Week, to be held from April 1 – 4, 2024. The events will include the second annual Israel Diamond Conference on April, 2024, which will feature talks and panels by major international personalities in the diamond world, including key diamond
PGI Welcomes Reduction on Platinum Duty
New Delhi: India’s Finance Minister Ms. Nirmala Sitharaman, on July 23, announced a cut in custom duty on gold and silver to 6%. Additionally, the finance minister further informed the customs duty slash on platinum to 6.4%. “To enhance domestic value addition in gold and precious metal jewellery in the country, I propose to reduce customs duties on gold and silver to
Honouring the GEMS of the G&J Industry
Mumbai: The India International Jewellery Show (IIJS) Premiere will felicitate the luminaries of the Gems & Jewellery industry recognizing their outstanding contributions with their dedication and passion that not only elevated the industry but also inspired generations of craftsmen and entrepreneurs. Some celebrated names among them include Mr. Joy Alukka, Mr. Varghese Alukka, Mr. John Alukka, Mr. Paul Alukka, etc.
KP Figures Say Diamond Industry is Shrinking
Johannesburg: The value of rough diamonds mined globally during 2023 fell by just over 20 per cent, down from $16bn in 2022 to $12.7bn according to the latest Kimberley Process (KP) figures. The volume of diamonds mined fell by 7.6 per cent to 111.5m carats, and average per carat prices slipped almost 14 per cent from $132.27 to $114.10. Production
Q2 Output of De Beers’ Declined by 15%
London: De Beers’ rough diamond production decreased by 15% to 6.4 million carats in Q2 of the year, according to a statement issued by the Anglo American. It said production decreased in Botswana by 19% to 4.7 million carats, driven by intentional lower production from short-term changes in plant feed mix at Jwaneng to process existing surface stockpiles. Production at
