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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1st Pre-CIBJO Congress ’23 Sp. Report Released
Milan: With fewer than 10 weeks to go to the opening of the 2023 CIBJO Congress in Jaipur, India, on October 3, 2023, the first of the pre-congress Special Reports has been released. Prepared by the CIBJO Marketing and Education Commission, headed by Jonathan Kendall, it reviews the changes that have taken place in the way jewellery is marketed, and
JGTD Returns for Third Edition
Dubai: Further solidifying its distinctive position as a top-tier destination for B2B sourcing worldwide, Jewellery, Gem & Technology in Dubai (JGTD) is returning for its third edition with new pavilions and an enhanced selection of products from 6 to 8 February 2024 at the Dubai World Trade Centre (DWTC). The result of a collaborative effort between world-leading event organisers Informa Markets Jewellery
Surat Diamond Bourse is World’s Biggest Office Building
Surat: The vast new Surat Diamond Bourse (SDB) – stretching across nine 15-story towers – has become the biggest office building in the world.It has over 7.1m square feet of floor space, compared with just over 6.6m at the Pentagon, HQ of the US Defense Department. The bourse, built at a cost of $388m, is due to be officially opened by
Sparkle International G&J Exhibition in August
Surat : The Southern Gujarat Chamber of Commerce and Industry (SGCCI) is set to host the highly anticipated ‘Sparkle International Gems and Jewellery Exhibition 2023’ at the prestigious Indoor Stadium in Athwalines, commencing from August 25. This three-day extravaganza promises to showcase the finest jewellery pieces from over 35 renowned brands, drawing visitors from all corners of the globe. The exhibition
Alrosa Production Reaches 36.21 Million Carats
Moscow: Alrosa announced that production in its fourth quarter increased 8 percent over the previous quarter, to reach 10.56 million carats. In 2014, diamond production totaled 36.21 million carats, exceeding expectations by 210,000 carats. The company said the production increase was driven by the completion of planned maintenance at the plants that process ore from the International, Aikhal and Mir
GIA Changing Colored Stone, Pearl Reports
New York: Gemological Institute of America has tweaked its colored stone and pearl reports, adding better imagery and more information geared toward consumers. Beginning Feb. 1, GIA will issue the same form report for both colored stones and pearls, although the reports will still list information specific only to those gems. Other changes include: The colored stone and pearl reports
De Beers Generates $450m from January Sight
Gaborone: De Beers is said to have earned about $450 million from its first sight of 2015, which ended recently in Botswana. Rapaport cited unnamed sightholders as saying that a number of boxes were deferred, representing about 20 percent of the overall sight value. Allegedly, rough diamond prices declined by about 4 percent and De Beers made significant price adjustments
HDFC, SBI among Top 50 Global Banks
Mumbai: Two Indian banks, HDFC Bank and State Bank of India (SBI), now figure in a list of the top 50 global banks in terms of market capitalization. HDFC Bank, India’s second-largest private lender in terms of asset size, ranks 45th, with a market capitalization of $39 billion, Bloomberg data show. With a market capitalization of $38 billion, SBI is
