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
BVC Launches MarketSHIP to Secure Marketing Trips
The industry currently operates by traveling to a new city & carrying goods in a taxi while going door-to-door to new clients, and there are high risks undertaken, and an insurance claim challenge due to low limits for traveling salespersons. BVC has launched a door-to-door solution, wherein they will pickup from the origin, securely ship it to the destination, and
De Beers’ Sightholder Sales Relocate to Gauteng
Johannesburg: The De Beers Group announced on Monday, 12 December, that it would be relocating its Sightholder Sales activities in South Africa from Kimberley to Johannesburg following a review of its sorting activities in South Africa. The relocation also supports the government’s strategy to consolidate the country’s mineral beneficiation sector into one area at the Gauteng Industrial Development Zone, close
De Beers Nets $410 mln. from 10th Sales Cycle
Gaborone: Anglo American plc, the parent company of De Beers, said the diamond miner provisionally netted $410 million at its tenth sales cycle of 2022 versus $454 million realized from the previous nineth sales cycle. Owing to the restrictions on the movement of people and products in various jurisdictions around the globe, De Beers Group has continued to implement a
Shailesh Jhalani Elected as New President of IDCA
New York: The Indian Diamond & Colorstone Association (IDCA) has elected Shailesh Jhalani to succeed the outgoing Rajeev Pandya as president. Jhalani, the owner of Prompt Gem Importers and the former vice president of the group, was voted in as president at the New York election on December 8, the IDCA said last week. Members chose Vinit Jobanputra of Sanghavi
GJF to Get Council Status Soon
Mumbai: The All India Gems and Jewellery Trade Federation (GJF) expects to receive the status of council within the next two to three months, reports Business Standard. The federation said it would be easy to represent issues faced by gems and jewellery industry before government after receiving the status of the council. “We have already asked the concerned ministry in
GIA Considering Second India Lab
Mumbai: With its Mumbai grading lab taking more than four months to grade and return clients’ diamonds, the Gemological Institute of America may open a facility in the Indian manufacturing hub of Surat. A GIA release said it will “study the feasibility” of a second India lab, which would be the GIA’s 10th worldwide. It did not provide a possible
Platinum Strike Deal Edges Closer
Johannesburg: Labour negotiations at South Africa’s PGM mines are edging closer to a resolution as talks mediated by a ministerial task team continue. July platinum softened for a fifth session in a row on Wednesday to $1,433 an ounce and is down sharply from the $1,493 level less than two weeks ago over renewed hopes for an end to the
De Beers Signs $37M Deal for BT Networking
Gaborone: The De Beers Group selected BT for a range of IT and networking services with a six year contract and at a cost of $37 million. BT will orchestrate IT services across 70 De Beers locations, including exploration and mining sites, drawing on capabilities of the BT Connect portfolio that provides fiber optic, microwave and satellite linkages, as well
